TUA vs. YCS
TUA (Simplify Short Term Treasury Futures Strategy ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TUA is a Intermediate Core Bond fund actively managed by Simplify, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). TUA is actively managed, while YCS is passively managed. Over the past 3 years, TUA returned 0.22%/yr vs 21.64%/yr for YCS. At a correlation of -0.53, they often move in opposite directions. TUA charges 0.16%/yr vs 1.00%/yr for YCS.
Performance
TUA vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, TUA achieves a -5.56% return, which is significantly lower than YCS's 11.45% return.
TUA
- 1D
- -0.15%
- 1M
- -0.65%
- 6M
- -4.76%
- YTD
- -5.56%
- 1Y
- -2.69%
- 3Y*
- 0.22%
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.42%
- 1M
- 3.09%
- 6M
- 8.08%
- YTD
- 11.45%
- 1Y
- 29.82%
- 3Y*
- 21.64%
- 5Y*
- 24.30%
- 10Y*
- 12.99%
TUA vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | -5.56% | 7.27% | -3.59% | -2.04% | -0.83% |
YCS ProShares UltraShort Yen | 11.45% | 9.04% | 35.41% | 28.70% | -11.63% |
Correlation
The correlation between TUA and YCS is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2022 | -0.53 |
The correlation between TUA and YCS has been stable across timeframes, ranging from -0.53 to -0.48 - a consistent structural relationship.
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Return for Risk
TUA vs. YCS — Risk / Return Rank
TUA
YCS
TUA vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Short Term Treasury Futures Strategy ETF (TUA) and ProShares UltraShort Yen (YCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TUA | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.35 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.61 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.81 | 11.41 | -12.22 |
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Drawdowns
TUA vs. YCS - Drawdown Comparison
The maximum TUA drawdown since its inception was -15.85%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TUA and YCS.
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Drawdown Indicators
| TUA | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -49.56% | +33.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -8.30% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -9.14% | -23.05% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -10.22% | 0.00% | -10.22% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -19.80% | +11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.62% | +0.69% |
Volatility
TUA vs. YCS - Volatility Comparison
Simplify Short Term Treasury Futures Strategy ETF (TUA) and ProShares UltraShort Yen (YCS) have volatilities of 2.57% and 2.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUA | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.47% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 11.85% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 16.54% | -9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 21.09% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 18.70% | -8.00% |
TUA vs. YCS - Expense Ratio Comparison
TUA has a 0.16% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
TUA vs. YCS - Dividend Comparison
TUA's dividend yield for the trailing twelve months is around 3.33%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TUA Simplify Short Term Treasury Futures Strategy ETF | 3.33% | 3.84% | 5.19% | 4.83% | 0.15% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUA and YCS have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUA has higher volatility (2.57%) compared to YCS (2.47%). In terms of maximum drawdown, TUA dropped -15.85% vs YCS's -49.56%.
On 3-year performance, YCS leads with 21.64% vs 0.22% for TUA. On fees, TUA is cheaper at 0.16% per year. On volatility, YCS has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 21.64% return vs 0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TUA is cheaper with a 0.16% expense ratio, compared with 1.00% for YCS.
TUA has the higher dividend yield at 3.33%, compared with 0.00% for YCS.
TUA is categorized as Intermediate Core Bond, while YCS is Leveraged Currency. They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.16% for TUA and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.82 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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