URTY vs. YCS
URTY (ProShares UltraPro Russell2000) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, URTY returned 9.56%/yr vs 13.62%/yr for YCS. At a 0.16 correlation, their price movements are largely independent. URTY charges 0.95%/yr vs 1.00%/yr for YCS.
Performance
URTY vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 56.97% return, which is significantly higher than YCS's 9.63% return. Over the past 10 years, URTY has underperformed YCS with an annualized return of 9.56%, while YCS has yielded a comparatively higher 13.62% annualized return.
URTY
- 1D
- -2.91%
- 1M
- 9.67%
- YTD
- 56.97%
- 6M
- 45.90%
- 1Y
- 125.23%
- 3Y*
- 31.82%
- 5Y*
- -6.44%
- 10Y*
- 9.56%
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
URTY vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 56.97% | 9.26% | 7.38% | 24.43% | -62.81% | 28.47% | -7.72% | 72.37% | -39.59% | 38.85% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between URTY and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.16 |
The correlation between URTY and YCS shifts across timeframes, from -0.20 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URTY vs. YCS — Risk / Return Rank
URTY
YCS
URTY vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.
| URTY | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.78 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.67 | 11.93 | +0.74 |
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Drawdowns
URTY vs. YCS - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for URTY and YCS.
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Drawdown Indicators
| URTY | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -49.56% | -38.53% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -8.30% | -24.26% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -23.05% | -42.80% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | -27.32% | -55.44% |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | -27.32% | -60.77% |
Current DrawdownCurrent decline from peak | -35.38% | -0.14% | -35.24% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -19.87% | -14.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 2.65% | +7.27% |
Volatility
URTY vs. YCS - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 19.76% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URTY | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.76% | 2.25% | +17.51% |
Volatility (6M)Calculated over the trailing 6-month period | 42.77% | 12.19% | +30.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.97% | 16.93% | +42.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.67% | 21.10% | +46.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.41% | 18.82% | +50.59% |
URTY vs. YCS - Expense Ratio Comparison
URTY has a 0.95% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
URTY vs. YCS - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.60%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.60% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URTY and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (19.76%) compared to YCS (2.25%). In terms of maximum drawdown, URTY dropped -88.09% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.62% vs 9.56% for URTY. On fees, URTY is cheaper at 0.95% per year. On volatility, YCS has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.62% return vs 9.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTY is cheaper with a 0.95% expense ratio, compared with 1.00% for YCS.
URTY has the higher dividend yield at 0.60%, compared with 0.00% for YCS.
URTY is categorized as Leveraged Equities, while YCS is Leveraged Currency. URTY tracks Russell 2000 Index (300%), while YCS tracks USD/JPY Exchange Rate (-200%). Their fees differ too: 0.95% for URTY and 1.00% for YCS.
URTY currently has the higher Sharpe Ratio (2.14 vs 1.86), 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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