WOOD vs. YCS
WOOD (iShares Global Timber & Forestry ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, WOOD returned 6.12%/yr vs 13.66%/yr for YCS. At a 0.08 correlation, their price movements are largely independent. WOOD charges 0.46%/yr vs 1.00%/yr for YCS.
Performance
WOOD vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -5.94% return, which is significantly lower than YCS's 10.06% return. Over the past 10 years, WOOD has underperformed YCS with an annualized return of 6.12%, while YCS has yielded a comparatively higher 13.66% annualized return.
WOOD
- 1D
- 1.45%
- 1M
- 3.06%
- YTD
- -5.94%
- 6M
- -5.30%
- 1Y
- -6.26%
- 3Y*
- 0.47%
- 5Y*
- -3.10%
- 10Y*
- 6.12%
YCS
- 1D
- 0.39%
- 1M
- 3.97%
- YTD
- 10.06%
- 6M
- 11.27%
- 1Y
- 34.18%
- 3Y*
- 18.53%
- 5Y*
- 23.65%
- 10Y*
- 13.66%
WOOD vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -5.94% | -3.27% | -4.21% | 13.84% | -19.39% | 17.03% | 20.36% | 19.75% | -17.73% | 34.49% |
YCS ProShares UltraShort Yen | 10.06% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between WOOD and YCS is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.08 |
The correlation between WOOD and YCS shifts across timeframes, from -0.42 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WOOD vs. YCS — Risk / Return Rank
WOOD
YCS
WOOD vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) 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.
| WOOD | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.38 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 4.14 | -4.43 |
| Martin ratioReturn relative to average drawdown | -0.62 | 13.04 | -13.65 |
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Drawdowns
WOOD vs. YCS - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for WOOD and YCS.
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Drawdown Indicators
| WOOD | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -49.56% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -8.30% | -13.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -23.05% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -27.32% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | -27.32% | -22.88% |
Current DrawdownCurrent decline from peak | -23.48% | 0.00% | -23.48% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -19.87% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.20% | 2.63% | +7.57% |
Volatility
WOOD vs. YCS - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) has a higher volatility of 5.25% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that WOOD'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
| WOOD | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 2.25% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 11.91% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.95% | 16.93% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 21.10% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 18.82% | +2.94% |
WOOD vs. YCS - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
WOOD vs. YCS - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.51%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | 2.51% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
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
WOOD and YCS have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WOOD has higher volatility (5.25%) compared to YCS (2.25%). In terms of maximum drawdown, WOOD dropped -63.25% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.66% vs 6.12% for WOOD. On fees, WOOD is cheaper at 0.46% 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 13.66% return vs 6.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WOOD is cheaper with a 0.46% expense ratio, compared with 1.00% for YCS.
WOOD has the higher dividend yield at 2.51%, compared with 0.00% for YCS.
WOOD is categorized as Materials, while YCS is Leveraged Currency. WOOD tracks S&P Global Timber & Forestry Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.46% for WOOD and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (2.04 vs -0.33), 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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