YCS vs. EVSD

Last updated Jun 5, 2026

YCS (ProShares UltraShort Yen) and EVSD (Eaton Vance Short Duration Income ETF) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while EVSD is a Short-Term Bond fund actively managed by Eaton Vance. YCS is passively managed, while EVSD is actively managed. Over the past year, YCS returned 34.99% vs 4.72% for EVSD. At a correlation of -0.44, they often move in opposite directions. YCS charges 1.00%/yr vs 0.24%/yr for EVSD.

Performance

YCS vs. EVSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Yen (YCS) and Eaton Vance Short Duration Income ETF (EVSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YCS achieves a 7.17% return, which is significantly higher than EVSD's 0.85% return.

YCS

• 1D: 0.00%
• 1M: 3.39%
• YTD: 7.17%
• 6M: 10.02%
• 1Y: 34.99%
• 3Y*: 20.03%
• 5Y*: 23.54%
• 10Y*: 12.16%

EVSD

• 1D: 0.08%
• 1M: 0.34%
• YTD: 0.85%
• 6M: 1.28%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YCS vs. EVSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YCS ProShares UltraShort Yen	7.17%	9.04%	2.46%
EVSD Eaton Vance Short Duration Income ETF	0.85%	6.80%	3.87%

Correlation

The correlation between YCS and EVSD is -0.53, 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	-0.53
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024	-0.44

The correlation between YCS and EVSD has been stable across timeframes, ranging from -0.53 to -0.44 - a consistent structural relationship.

Return for Risk

YCS vs. EVSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YCS

YCS Risk / Return Rank: 67
YCS Sharpe Ratio Rank: 62
YCS Sortino Ratio Rank: 55
YCS Omega Ratio Rank: 63
YCS Calmar Ratio Rank: 82
YCS Martin Ratio Rank: 72

EVSD

EVSD Risk / Return Rank: 87
EVSD Sharpe Ratio Rank: 90
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 93
EVSD Calmar Ratio Rank: 76
EVSD Martin Ratio Rank: 81

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. EVSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Eaton Vance Short Duration Income ETF (EVSD). 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.

	YCS	EVSD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	3.10	-1.04
Sortino ratio: Return per unit of downside risk	2.60	4.95	-2.36
Omega ratio: Gain probability vs. loss probability	1.38	1.65	-0.28
Calmar ratio: Return relative to maximum drawdown	4.23	3.76	+0.48
Martin ratio: Return relative to average drawdown	13.22	15.79	-2.57
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. EVSD - Sharpe Ratio Comparison

The current YCS Sharpe Ratio is 2.06, which is lower than the EVSD Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of YCS and EVSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YCS	EVSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	3.10	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	3.05	-2.72

Drawdowns

YCS vs. EVSD - Drawdown Comparison

The maximum YCS drawdown since its inception was -49.56%, which is greater than EVSD's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for YCS and EVSD.

Drawdown Indicators

	YCS	EVSD	Difference
Max Drawdown Largest peak-to-trough decline	-49.56%	-1.26%	-48.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-1.26%	-7.04%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.32%	—	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-19.93%	-0.19%	-19.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	0.30%	+2.35%

Volatility

YCS vs. EVSD - Volatility Comparison

ProShares UltraShort Yen (YCS) has a higher volatility of 2.62% compared to Eaton Vance Short Duration Income ETF (EVSD) at 0.47%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than EVSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCS	EVSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	0.47%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	12.31%	1.14%	+11.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	1.54%	+15.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	1.94%	+19.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	1.94%	+17.07%

YCS vs. EVSD - Expense Ratio Comparison

YCS has a 1.00% expense ratio, which is higher than EVSD's 0.24% expense ratio.

Dividends

YCS vs. EVSD - Dividend Comparison

YCS has not paid dividends to shareholders, while EVSD's dividend yield for the trailing twelve months is around 4.61%.

Position	TTM	2025	2024
EVSD Eaton Vance Short Duration Income ETF	4.61%	4.64%	2.91%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCS and EVSD in my portfolio?

YCS and EVSD have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YCS or EVSD?

YCS has higher volatility (2.62%) compared to EVSD (0.47%). In terms of maximum drawdown, YCS dropped -49.56% vs EVSD's -1.26%.

Which ETF is better, YCS or EVSD?

On 1-year performance, YCS leads with 34.99% vs 4.72% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YCS or EVSD?

Over the 1-year period, YCS has performed better with a 34.99% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YCS or EVSD?

EVSD is cheaper with a 0.24% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, YCS or EVSD?

EVSD has the higher dividend yield at 4.61%, compared with 0.00% for YCS.

What is the main difference between YCS and EVSD?

YCS is categorized as Leveraged Currency, while EVSD is Short-Term Bond. They also come from different issuers: ProShares and Eaton Vance. Their fees differ too: 1.00% for YCS and 0.24% for EVSD.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (3.10 vs 2.06), 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.