PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
YCS vs. BTAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

YCS vs. BTAL

Last updated Jun 7, 2026

YCS (ProShares UltraShort Yen) and BTAL (AGFiQ US Market Neutral Anti-Beta Fund) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while BTAL is a Long-Short fund tracking the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. Both are passively managed. Over the past 10 years, YCS returned 12.25%/yr vs -4.23%/yr for BTAL. At a correlation of -0.13, they often move in opposite directions. YCS charges 1.00%/yr vs 2.11%/yr for BTAL.

Performance

YCS vs. BTAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Yen (YCS) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, YCS achieves a 7.54% return, which is significantly higher than BTAL's -16.82% return. Over the past 10 years, YCS has outperformed BTAL with an annualized return of 12.25%, while BTAL has yielded a comparatively lower -4.23% annualized return.

YCS

1D
0.35%
1M
5.12%
YTD
7.54%
6M
10.01%
1Y
31.94%
3Y*
20.09%
5Y*
23.63%
10Y*
12.25%

BTAL

1D
4.00%
1M
-0.42%
YTD
-16.82%
6M
-15.72%
1Y
-33.92%
3Y*
-11.25%
5Y*
-3.89%
10Y*
-4.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

YCS vs. BTAL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
YCS
ProShares UltraShort Yen		7.54%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%
BTAL
AGFiQ US Market Neutral Anti-Beta Fund		-16.82%-20.17%12.83%-15.11%20.48%-6.81%-13.86%1.07%15.13%-2.13%

Correlation

The correlation between YCS and BTAL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

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

0.04

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

0.03

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

-0.11

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2011

-0.13

The correlation between YCS and BTAL shifts across timeframes, from -0.13 (all time) to 0.05 (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.

ProShares UltraShort Yen

AGFiQ US Market Neutral Anti-Beta Fund

Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY
Often compared with BTAL:
BTAL vs. SPYBTAL vs. TAILBTAL vs. KMLMBTAL vs. CCORBTAL vs. VOOBTAL vs. CPBBTAL vs. EUO

Return for Risk

YCS vs. BTAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YCS
YCS Risk / Return Rank: 6767
Overall Rank
YCS Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 5656
Sortino Ratio Rank
YCS Omega Ratio Rank: 6363
Omega Ratio Rank
YCS Calmar Ratio Rank: 8282
Calmar Ratio Rank
YCS Martin Ratio Rank: 7272
Martin Ratio Rank
BTAL
BTAL Risk / Return Rank: 00
Overall Rank
BTAL Sharpe Ratio Rank: 00
Sharpe Ratio Rank
BTAL Sortino Ratio Rank: 00
Sortino Ratio Rank
BTAL Omega Ratio Rank: 00
Omega Ratio Rank
BTAL Calmar Ratio Rank: 11
Calmar Ratio Rank
BTAL Martin Ratio Rank: 11
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.

YCS vs. BTAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). 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.

YCSBTALDifference
Sharpe ratioReturn per unit of total volatility
2.00
-1.59

+3.59

Sortino ratioReturn per unit of downside risk
2.54
-2.48

+5.02

Omega ratioGain probability vs. loss probability

1.37

0.75

+0.62

Calmar ratioReturn relative to maximum drawdown

4.11

-0.93

+5.05

Martin ratioReturn relative to average drawdown

12.84

-1.60

+14.45

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

YCS vs. BTAL - Sharpe Ratio Comparison

The current YCS Sharpe Ratio is 2.00, which is higher than the BTAL Sharpe Ratio of -1.59. The chart below compares the historical Sharpe Ratios of YCS and BTAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

YCSBTALDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.00

-1.59

+3.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

-0.21

+1.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

-0.25

+0.89

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

-0.23

+0.56

Drawdowns

YCS vs. BTAL - Drawdown Comparison

The maximum YCS drawdown since its inception was -49.56%, roughly equal to the maximum BTAL drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for YCS and BTAL.

Loading charts...

Drawdown Indicators

YCSBTALDifference

Max Drawdown

Largest peak-to-trough decline

-49.56%

-50.28%

+0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-8.30%

-37.50%

+29.20%

Max Drawdown (3Y)

Largest decline over 3 years

-23.05%

-45.16%

+22.11%

Max Drawdown (5Y)

Largest decline over 5 years

-27.32%

-45.16%

+17.84%

Max Drawdown (10Y)

Largest decline over 10 years

-27.32%

-50.28%

+22.96%

Current Drawdown

Current decline from peak

0.00%

-48.15%

+48.15%

Average Drawdown

Average peak-to-trough decline

-19.92%

-21.97%

+2.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

21.78%

-19.13%

Volatility

YCS vs. BTAL - Volatility Comparison

The current volatility for ProShares UltraShort Yen (YCS) is 1.56%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.98%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

YCSBTALDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.56%

7.98%

-6.42%

Volatility (6M)

Calculated over the trailing 6-month period

12.27%

15.83%

-3.56%

Volatility (1Y)

Calculated over the trailing 1-year period

17.09%

21.98%

-4.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.08%

18.83%

+2.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.00%

17.27%

+1.73%

YCS vs. BTAL - Expense Ratio Comparison

YCS has a 1.00% expense ratio, which is lower than BTAL's 2.11% expense ratio.

Dividends

YCS vs. BTAL - Dividend Comparison

YCS has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 2.99%.

PositionTTM20252024202320222021202020192018
BTAL
AGFiQ US Market Neutral Anti-Beta Fund		2.99%2.49%3.49%6.14%1.01%0.00%0.00%0.88%0.39%
YCS
ProShares UltraShort Yen		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

YCS and BTAL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BTAL has higher volatility (7.98%) compared to YCS (1.56%). In terms of maximum drawdown, YCS dropped -49.56% vs BTAL's -50.28%.

On 10-year performance, YCS leads with 12.25% vs -4.23% for BTAL. On fees, YCS is cheaper at 1.00% per year. On volatility, YCS has been the lower-risk option at 1.56%. 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 12.25% return vs -4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

YCS is cheaper with a 1.00% expense ratio, compared with 2.11% for BTAL.

BTAL has the higher dividend yield at 2.99%, compared with 0.00% for YCS.

YCS is categorized as Leveraged Currency, while BTAL is Long-Short. YCS tracks USD/JPY Exchange Rate (-200%), while BTAL tracks Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. They also come from different issuers: ProShares and AGF. Their fees differ too: 1.00% for YCS and 2.11% for BTAL.

YCS currently has the higher Sharpe Ratio (2.00 vs -1.59), 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.

Portfolio Optimizer

Find the right allocation for YCS and BTAL

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