VPL vs. YCS
VPL (Vanguard FTSE Pacific ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, VPL returned 10.84%/yr vs 12.34%/yr for YCS. At a 0.04 correlation, their price movements are largely independent. VPL charges 0.08%/yr vs 1.00%/yr for YCS.
Performance
VPL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, VPL achieves a 30.29% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, VPL has underperformed YCS with an annualized return of 10.84%, while YCS has yielded a comparatively higher 12.34% annualized return.
VPL
- 1D
- -0.28%
- 1M
- 10.45%
- YTD
- 30.29%
- 6M
- 33.07%
- 1Y
- 53.61%
- 3Y*
- 23.02%
- 5Y*
- 10.36%
- 10Y*
- 10.84%
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%
VPL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 30.29% | 32.66% | 1.68% | 15.58% | -15.20% | 1.10% | 16.65% | 18.16% | -14.40% | 28.85% |
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 VPL and YCS is -0.41, 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 | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | 0.04 |
The correlation between VPL and YCS shifts across timeframes, from -0.41 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VPL vs. YCS — Risk / Return Rank
VPL
YCS
VPL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) 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.
| VPL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.97 | +0.07 |
| Martin ratioReturn relative to average drawdown | 15.95 | 12.40 | +3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPL | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.92 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.12 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.65 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.33 | +0.01 |
Drawdowns
VPL vs. YCS - Drawdown Comparison
The maximum VPL drawdown since its inception was -55.49%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for VPL and YCS.
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Drawdown Indicators
| VPL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -49.56% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -8.30% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -23.05% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -27.32% | -3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -27.32% | -6.58% |
Current DrawdownCurrent decline from peak | -0.28% | 0.00% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -19.93% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.66% | +0.71% |
Volatility
VPL vs. YCS - Volatility Comparison
Vanguard FTSE Pacific ETF (VPL) has a higher volatility of 7.32% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that VPL'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
| VPL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 2.75% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.71% | 12.32% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 17.27% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 21.10% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 19.01% | -1.72% |
VPL vs. YCS - Expense Ratio Comparison
VPL has a 0.08% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
VPL vs. YCS - Dividend Comparison
VPL's dividend yield for the trailing twelve months is around 2.73%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 2.73% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
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
VPL and YCS have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPL has higher volatility (7.32%) compared to YCS (2.75%). In terms of maximum drawdown, VPL dropped -55.49% vs YCS's -49.56%.
On 10-year performance, YCS leads with 12.34% vs 10.84% for VPL. On fees, VPL is cheaper at 0.08% 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 10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPL is cheaper with a 0.08% expense ratio, compared with 1.00% for YCS.
VPL has the higher dividend yield at 2.73%, compared with 0.00% for YCS.
VPL is categorized as Asia Pacific Equities, while YCS is Leveraged Currency. VPL tracks FTSE Developed Asia Pacific 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 VPL and 1.00% for YCS.
VPL currently has the higher Sharpe Ratio (2.76 vs 1.92), 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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