WTPI vs. YCS
WTPI (WisdomTree Equity Premium Income Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, WTPI returned 8.33%/yr vs 13.63%/yr for YCS. At a 0.12 correlation, their price movements are largely independent. WTPI charges 0.44%/yr vs 1.00%/yr for YCS.
Performance
WTPI vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 4.36% return, which is significantly lower than YCS's 9.78% return. Over the past 10 years, WTPI has underperformed YCS with an annualized return of 8.33%, while YCS has yielded a comparatively higher 13.63% annualized return.
WTPI
- 1D
- -0.18%
- 1M
- 0.45%
- YTD
- 4.36%
- 6M
- 3.64%
- 1Y
- 18.38%
- 3Y*
- 13.18%
- 5Y*
- 9.62%
- 10Y*
- 8.33%
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
WTPI vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 4.36% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between WTPI and YCS is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
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 Feb 24, 2016 | 0.12 |
The correlation between WTPI and YCS shifts across timeframes, from -0.13 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTPI vs. YCS — Risk / Return Rank
WTPI
YCS
WTPI vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.79 | -1.21 |
| Martin ratioReturn relative to average drawdown | 12.19 | 11.86 | +0.33 |
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Drawdowns
WTPI vs. YCS - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for WTPI and YCS.
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Drawdown Indicators
| WTPI | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -49.56% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -8.30% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -23.05% | +7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -27.32% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -27.32% | -1.08% |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -19.88% | +16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.65% | -1.14% |
Volatility
WTPI vs. YCS - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 3.19% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that WTPI'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
| WTPI | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.22% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 12.19% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 16.96% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 21.10% | -8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 18.96% | -5.70% |
WTPI vs. YCS - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
WTPI vs. YCS - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.05%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 12.05% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
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
WTPI and YCS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTPI has higher volatility (3.19%) compared to YCS (2.22%). In terms of maximum drawdown, WTPI dropped -28.40% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.63% vs 8.33% for WTPI. On fees, WTPI is cheaper at 0.44% per year. On volatility, YCS has been the lower-risk option at 2.22%. 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 13.63% return vs 8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTPI is cheaper with a 0.44% expense ratio, compared with 1.00% for YCS.
WTPI has the higher dividend yield at 12.05%, compared with 0.00% for YCS.
WTPI is categorized as Derivative Income, while YCS is Leveraged Currency. WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.44% for WTPI and 1.00% for YCS.
WTPI currently has the higher Sharpe Ratio (2.00 vs 1.86), 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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