YCS vs. IVEP

Last updated Jun 23, 2026

YCS (ProShares UltraShort Yen) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. Both are passively managed. At a correlation of -0.25, they often move in opposite directions. YCS charges 1.00%/yr vs 0.75%/yr for IVEP.

Performance

YCS vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Yen (YCS) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

IVEP

• 1D: 1.42%
• 1M: 3.12%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YCS vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
YCS ProShares UltraShort Yen	4.02%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	11.64%

Correlation

The correlation between YCS and IVEP is -0.25, 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 (All Time) Calculated using the full available price history since Apr 8, 2026	-0.25

Return for Risk

YCS vs. IVEP — Risk / Return Rank

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

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.79	—	—
Martin ratio: Return relative to average drawdown	11.86	—	—

Drawdowns

YCS vs. IVEP - Drawdown Comparison

The maximum YCS drawdown since its inception was -49.56%, which is greater than IVEP's maximum drawdown of -10.90%. Use the drawdown chart below to compare losses from any high point for YCS and IVEP.

Drawdown Indicators

	YCS	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-49.56%	-10.90%	-38.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	—	—
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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-19.88%	-2.75%	-17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	—	—

Volatility

Volatility by Period

	YCS	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	28.05%	-11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	28.05%	-6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	28.05%	-9.09%

YCS vs. IVEP - Expense Ratio Comparison

YCS has a 1.00% expense ratio, which is higher than IVEP's 0.75% expense ratio.

Dividends

YCS vs. IVEP - Dividend Comparison

Neither YCS nor IVEP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both YCS and IVEP in my portfolio?

YCS and IVEP have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YCS or IVEP?

On fees, IVEP is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YCS or IVEP?

IVEP is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.

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

YCS and IVEP have nearly identical dividend yields, around 0.00%.

What is the main difference between YCS and IVEP?

YCS is categorized as Leveraged Currency, while IVEP is Industrials Equities. YCS tracks USD/JPY Exchange Rate (-200%), while IVEP tracks Solactive Wedbush AI Power & Infrastructure Index. They also come from different issuers: ProShares and Wedbush. Their fees differ too: 1.00% for YCS and 0.75% for IVEP.