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VIGI vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIGI vs. YCS

Last updated Jun 4, 2026

VIGI (Vanguard International Dividend Appreciation ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, VIGI returned 7.80%/yr vs 12.34%/yr for YCS. At a correlation of -0.09, they often move in opposite directions. VIGI charges 0.15%/yr vs 1.00%/yr for YCS.

Performance

VIGI vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Dividend Appreciation ETF (VIGI) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIGI achieves a 2.74% return, which is significantly lower than YCS's 7.17% return. Over the past 10 years, VIGI has underperformed YCS with an annualized return of 7.80%, while YCS has yielded a comparatively higher 12.34% annualized return.

VIGI

1D
-0.85%
1M
2.28%
YTD
2.74%
6M
4.20%
1Y
6.26%
3Y*
9.70%
5Y*
4.37%
10Y*
7.80%

YCS

1D
0.17%
1M
4.42%
YTD
7.17%
6M
10.05%
1Y
32.82%
3Y*
19.84%
5Y*
23.54%
10Y*
12.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIGI vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIGI
Vanguard International Dividend Appreciation ETF		2.74%16.88%2.73%16.30%-16.79%12.51%14.66%27.53%-11.50%27.97%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between VIGI and YCS is -0.44, 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

-0.44

Correlation (3Y)
Calculated over the trailing 3-year period

-0.29

Correlation (5Y)
Calculated over the trailing 5-year period

-0.25

Correlation (10Y)
Calculated over the trailing 10-year period

-0.10

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2016

-0.09

Over the past year, the inverse relationship between VIGI and YCS has strengthened: their correlation has moved from -0.09 to -0.44, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard International Dividend Appreciation ETF

ProShares UltraShort Yen

Often compared with VIGI:
VIGI vs. VYMIVIGI vs. VIGVIGI vs. SCHYVIGI vs. VXUSVIGI vs. IGROVIGI vs. SCHDVIGI vs. IQLT
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

VIGI vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIGI
VIGI Risk / Return Rank: 1616
Overall Rank
VIGI Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
VIGI Sortino Ratio Rank: 1515
Sortino Ratio Rank
VIGI Omega Ratio Rank: 1515
Omega Ratio Rank
VIGI Calmar Ratio Rank: 1616
Calmar Ratio Rank
VIGI Martin Ratio Rank: 1818
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIGI vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Dividend Appreciation ETF (VIGI) 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.

VIGIYCSDifference
Sharpe ratioReturn per unit of total volatility
0.49
1.92

-1.43

Sortino ratioReturn per unit of downside risk
0.77
2.44

-1.67

Omega ratioGain probability vs. loss probability

1.09

1.35

-0.26

Calmar ratioReturn relative to maximum drawdown

0.59

3.97

-3.38

Martin ratioReturn relative to average drawdown

2.08

12.40

-10.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIGI vs. YCS - Sharpe Ratio Comparison

The current VIGI Sharpe Ratio is 0.49, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of VIGI and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VIGIYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.49

1.92

-1.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

1.12

-0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.65

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.33

+0.20

Drawdowns

VIGI vs. YCS - Drawdown Comparison

The maximum VIGI drawdown since its inception was -31.01%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for VIGI and YCS.

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Drawdown Indicators

VIGIYCSDifference

Max Drawdown

Largest peak-to-trough decline

-31.01%

-49.56%

+18.55%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-8.30%

-2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-14.50%

-23.05%

+8.55%

Max Drawdown (5Y)

Largest decline over 5 years

-28.80%

-27.32%

-1.48%

Max Drawdown (10Y)

Largest decline over 10 years

-31.01%

-27.32%

-3.69%

Current Drawdown

Current decline from peak

-2.38%

0.00%

-2.38%

Average Drawdown

Average peak-to-trough decline

-6.18%

-19.93%

+13.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.66%

+0.36%

Volatility

VIGI vs. YCS - Volatility Comparison

Vanguard International Dividend Appreciation ETF (VIGI) has a higher volatility of 3.09% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that VIGI'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

VIGIYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.09%

2.75%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.13%

12.32%

-2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

17.27%

-4.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

21.10%

-6.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.88%

19.01%

-3.13%

VIGI vs. YCS - Expense Ratio Comparison

VIGI has a 0.15% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

VIGI vs. YCS - Dividend Comparison

VIGI's dividend yield for the trailing twelve months is around 2.14%, while YCS has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
VIGI
Vanguard International Dividend Appreciation ETF		2.14%2.14%1.93%1.92%2.06%7.02%1.29%1.83%1.99%1.75%1.05%
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

VIGI and YCS have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIGI has higher volatility (3.09%) compared to YCS (2.75%). In terms of maximum drawdown, VIGI dropped -31.01% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 7.80% for VIGI. On fees, VIGI is cheaper at 0.15% per year. On volatility, YCS has been the lower-risk option at 2.75%. 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 12.34% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIGI is cheaper with a 0.15% expense ratio, compared with 1.00% for YCS.

VIGI has the higher dividend yield at 2.14%, compared with 0.00% for YCS.

VIGI is categorized as Dividend, while YCS is Leveraged Currency. VIGI tracks S&P Global Ex-U.S. Dividend Growers Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.15% for VIGI and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs 0.49), 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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