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VYMI vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VYMI vs. YCS

Last updated Jun 4, 2026

VYMI (Vanguard International High Dividend Yield ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, VYMI returned 10.49%/yr vs 12.34%/yr for YCS. At a correlation of -0.06, they often move in opposite directions. VYMI charges 0.07%/yr vs 1.00%/yr for YCS.

Performance

VYMI vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) 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, VYMI achieves a 11.31% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, VYMI has underperformed YCS with an annualized return of 10.49%, while YCS has yielded a comparatively higher 12.34% annualized return.

VYMI

1D
-1.01%
1M
2.05%
YTD
11.31%
6M
14.77%
1Y
30.23%
3Y*
21.88%
5Y*
11.95%
10Y*
10.49%

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)

VYMI vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VYMI
Vanguard International High Dividend Yield ETF		11.31%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%
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 VYMI and YCS is -0.45, 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

-0.45

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

-0.31

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

-0.24

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

-0.07

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

-0.06

Over the past year, the inverse relationship between VYMI and YCS has strengthened: their correlation has moved from -0.06 to -0.45, 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 High Dividend Yield ETF

ProShares UltraShort Yen

Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

VYMI vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VYMI
VYMI Risk / Return Rank: 6666
Overall Rank
VYMI Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 6868
Sortino Ratio Rank
VYMI Omega Ratio Rank: 6969
Omega Ratio Rank
VYMI Calmar Ratio Rank: 5959
Calmar Ratio Rank
VYMI Martin Ratio Rank: 6464
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.

VYMI vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.

VYMIYCSDifference
Sharpe ratioReturn per unit of total volatility
2.35
1.92

+0.43

Sortino ratioReturn per unit of downside risk
3.20
2.44

+0.76

Omega ratioGain probability vs. loss probability

1.43

1.35

+0.08

Calmar ratioReturn relative to maximum drawdown

2.99

3.97

-0.98

Martin ratioReturn relative to average drawdown

11.80

12.40

-0.60

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

VYMI vs. YCS - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.35, which is comparable to the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of VYMI 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

VYMIYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

1.92

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

1.12

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.65

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.33

+0.32

Drawdowns

VYMI vs. YCS - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for VYMI and YCS.

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Drawdown Indicators

VYMIYCSDifference

Max Drawdown

Largest peak-to-trough decline

-40.00%

-49.56%

+9.56%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-8.30%

-1.84%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-23.05%

+10.21%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-27.32%

+3.27%

Max Drawdown (10Y)

Largest decline over 10 years

-40.00%

-27.32%

-12.68%

Current Drawdown

Current decline from peak

-1.40%

0.00%

-1.40%

Average Drawdown

Average peak-to-trough decline

-6.31%

-19.93%

+13.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.66%

-0.09%

Volatility

VYMI vs. YCS - Volatility Comparison

Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 4.04% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that VYMI'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

VYMIYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.04%

2.75%

+1.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

12.32%

-1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

12.94%

17.27%

-4.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

21.10%

-6.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.87%

19.01%

-2.14%

VYMI vs. YCS - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

VYMI vs. YCS - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.44%, while YCS has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
VYMI
Vanguard International High Dividend Yield ETF		3.44%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%
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

VYMI and YCS have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VYMI has higher volatility (4.04%) compared to YCS (2.75%). In terms of maximum drawdown, VYMI dropped -40.00% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 10.49% for VYMI. On fees, VYMI is cheaper at 0.07% 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 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYMI is cheaper with a 0.07% expense ratio, compared with 1.00% for YCS.

VYMI has the higher dividend yield at 3.44%, compared with 0.00% for YCS.

VYMI is categorized as Dividend, while YCS is Leveraged Currency. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.07% for VYMI and 1.00% for YCS.

VYMI currently has the higher Sharpe Ratio (2.35 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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