XHLF vs. YCS
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, XHLF returned 4.58%/yr vs 18.37%/yr for YCS. At a correlation of -0.24, they often move in opposite directions. XHLF charges 0.03%/yr vs 1.00%/yr for YCS.
Performance
XHLF vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHLF achieves a 1.56% return, which is significantly lower than YCS's 9.63% return.
XHLF
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.56%
- 6M
- 1.65%
- 1Y
- 3.82%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
XHLF vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.56% | 4.21% | 5.04% | 4.90% | 0.89% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | -15.71% |
Correlation
The correlation between XHLF and YCS is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | -0.24 |
The correlation between XHLF and YCS shifts across timeframes, from -0.24 (all time) to -0.14 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XHLF vs. YCS — Risk / Return Rank
XHLF
YCS
XHLF vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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.
| XHLF | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.18 | ||
| Sortino ratioReturn per unit of downside risk | +41.21 | ||
| Omega ratioGain probability vs. loss probability | 10.94 | 1.34 | +9.60 |
| Calmar ratioReturn relative to maximum drawdown | 96.46 | 3.78 | +92.68 |
| Martin ratioReturn relative to average drawdown | 639.88 | 11.93 | +627.95 |
Loading charts...
Drawdowns
XHLF vs. YCS - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for XHLF and YCS.
Loading charts...
Drawdown Indicators
| XHLF | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -49.56% | +49.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -8.30% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -23.05% | +22.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -19.87% | +19.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.65% | -2.64% |
Volatility
XHLF vs. YCS - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while ProShares UltraShort Yen (YCS) has a volatility of 2.25%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHLF | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 2.25% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 12.19% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 16.93% | -16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 21.10% | -20.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 18.82% | -18.40% |
XHLF vs. YCS - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
XHLF vs. YCS - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.84%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.84% | 3.98% | 4.96% | 4.50% | 0.86% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHLF and YCS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (2.25%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs YCS's -49.56%.
On 3-year performance, YCS leads with 18.37% vs 4.58% for XHLF. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 18.37% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF is cheaper with a 0.03% expense ratio, compared with 1.00% for YCS.
XHLF has the higher dividend yield at 3.84%, compared with 0.00% for YCS.
XHLF is categorized as Government Bonds, while YCS is Leveraged Currency. XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: BondBloxx and ProShares. Their fees differ too: 0.03% for XHLF and 1.00% for YCS.
XHLF currently has the higher Sharpe Ratio (12.04 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.
Find the right allocation for XHLF and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer