VONE vs. YCS
VONE (Vanguard Russell 1000 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, VONE returned 15.25%/yr vs 13.18%/yr for YCS. At a 0.17 correlation, their price movements are largely independent. VONE charges 0.08%/yr vs 1.00%/yr for YCS.
Performance
VONE vs. YCS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VONE having a 9.77% return and YCS slightly lower at 9.35%. Over the past 10 years, VONE has outperformed YCS with an annualized return of 15.25%, while YCS has yielded a comparatively lower 13.18% annualized return.
VONE
- 1D
- 0.98%
- 1M
- 0.96%
- YTD
- 9.77%
- 6M
- 9.93%
- 1Y
- 26.24%
- 3Y*
- 20.59%
- 5Y*
- 13.20%
- 10Y*
- 15.25%
YCS
- 1D
- 0.88%
- 1M
- 3.65%
- YTD
- 9.35%
- 6M
- 8.16%
- 1Y
- 30.84%
- 3Y*
- 19.46%
- 5Y*
- 23.76%
- 10Y*
- 13.18%
VONE vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 9.77% | 17.21% | 24.51% | 26.41% | -19.14% | 26.49% | 20.95% | 31.12% | -4.84% | 21.55% |
YCS ProShares UltraShort Yen | 9.35% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between VONE 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.17 |
The correlation between VONE and YCS shifts across timeframes, from -0.20 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VONE vs. YCS — Risk / Return Rank
VONE
YCS
VONE vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 ETF (VONE) 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.
| VONE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.98 | -1.03 |
| Martin ratioReturn relative to average drawdown | 13.20 | 12.43 | +0.77 |
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Drawdowns
VONE vs. YCS - Drawdown Comparison
The maximum VONE drawdown since its inception was -34.66%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for VONE and YCS.
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Drawdown Indicators
| VONE | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -49.56% | +14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -8.30% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -23.05% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -27.32% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -27.32% | -7.34% |
Current DrawdownCurrent decline from peak | -1.41% | 0.00% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -19.88% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.65% | -0.68% |
Volatility
VONE vs. YCS - Volatility Comparison
Vanguard Russell 1000 ETF (VONE) has a higher volatility of 4.61% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that VONE'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
| VONE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 2.25% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 12.24% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 16.99% | -4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 21.09% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 18.98% | -0.69% |
VONE vs. YCS - Expense Ratio Comparison
VONE has a 0.08% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
VONE vs. YCS - Dividend Comparison
VONE's dividend yield for the trailing twelve months is around 1.26%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONE Vanguard Russell 1000 ETF | 1.02% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
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% | 0.00% |
Frequently Asked Questions
VONE 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.
VONE has higher volatility (4.61%) compared to YCS (2.25%). In terms of maximum drawdown, VONE dropped -34.66% vs YCS's -49.56%.
On 10-year performance, VONE leads with 15.25% vs 13.18% for YCS. On fees, VONE is cheaper at 0.08% 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, VONE has performed better with a 15.25% return vs 13.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONE is cheaper with a 0.08% expense ratio, compared with 1.00% for YCS.
VONE has the higher dividend yield at 1.02%, compared with 0.00% for YCS.
VONE is categorized as Large Cap Blend Equities, while YCS is Leveraged Currency. VONE tracks Russell 1000 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.08% for VONE and 1.00% for YCS.
VONE currently has the higher Sharpe Ratio (2.09 vs 1.95), 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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