YCS vs. IBDU
YCS (ProShares UltraShort Yen) and IBDU (iShares iBonds Dec 2029 Term Corporate ETF) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index. Both are passively managed. Over the past 5 years, YCS returned 23.76%/yr vs 1.08%/yr for IBDU. At a correlation of -0.46, they often move in opposite directions. YCS charges 1.00%/yr vs 0.10%/yr for IBDU.
Performance
YCS vs. IBDU - Performance Comparison
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Returns By Period
In the year-to-date period, YCS achieves a 9.35% return, which is significantly higher than IBDU's 0.58% return.
YCS
- 1D
- 0.88%
- 1M
- 3.30%
- YTD
- 9.35%
- 6M
- 8.16%
- 1Y
- 30.84%
- 3Y*
- 19.46%
- 5Y*
- 23.76%
- 10Y*
- 13.18%
IBDU
- 1D
- 0.13%
- 1M
- 0.25%
- YTD
- 0.58%
- 6M
- 0.78%
- 1Y
- 4.40%
- 3Y*
- 5.80%
- 5Y*
- 1.08%
- 10Y*
- —
YCS vs. IBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 9.35% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 1.85% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.58% | 7.59% | 3.62% | 8.67% | -13.04% | -2.05% | 10.38% | 2.35% |
Correlation
The correlation between YCS and IBDU is -0.51, 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 | -0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | -0.46 |
The correlation between YCS and IBDU has been stable across timeframes, ranging from -0.51 to -0.46 - a consistent structural relationship.
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Return for Risk
YCS vs. IBDU — Risk / Return Rank
YCS
IBDU
YCS vs. IBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU). 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.
| YCS | IBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.85 | +1.13 |
| Martin ratioReturn relative to average drawdown | 12.43 | 10.47 | +1.96 |
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Drawdowns
YCS vs. IBDU - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than IBDU's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for YCS and IBDU.
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Drawdown Indicators
| YCS | IBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -19.44% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -1.59% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -4.14% | -18.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -19.44% | -7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -19.88% | -5.37% | -14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.43% | +2.22% |
Volatility
YCS vs. IBDU - Volatility Comparison
ProShares UltraShort Yen (YCS) has a higher volatility of 2.25% compared to iShares iBonds Dec 2029 Term Corporate ETF (IBDU) at 0.68%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than IBDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | IBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 0.68% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 1.56% | +10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.99% | 2.22% | +14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 5.71% | +15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 7.30% | +11.68% |
YCS vs. IBDU - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than IBDU's 0.10% expense ratio.
Dividends
YCS vs. IBDU - Dividend Comparison
YCS has not paid dividends to shareholders, while IBDU's dividend yield for the trailing twelve months is around 4.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YCS and IBDU have a correlation of -0.51, 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 IBDU (0.68%). In terms of maximum drawdown, YCS dropped -49.56% vs IBDU's -19.44%.
On 5-year performance, YCS leads with 23.76% vs 1.08% for IBDU. On fees, IBDU is cheaper at 0.10% per year. On volatility, IBDU has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 23.76% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDU is cheaper with a 0.10% expense ratio, compared with 1.00% for YCS.
IBDU has the higher dividend yield at 4.66%, compared with 0.00% for YCS.
YCS is categorized as Leveraged Currency, while IBDU is Corporate Bonds. YCS tracks USD/JPY Exchange Rate (-200%), while IBDU tracks Bloomberg December 2029 Maturity Corporate Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 1.00% for YCS and 0.10% for IBDU.
IBDU currently has the higher Sharpe Ratio (2.03 vs 1.95), 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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