YCS vs. TLT
Compare and contrast key facts about ProShares UltraShort Yen (YCS) and iShares 20+ Year Treasury Bond ETF (TLT).
YCS and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YCS is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 25, 2008. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both YCS and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YCS or TLT.
Performance
YCS vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, YCS achieves a 32.10% return, which is significantly higher than TLT's -5.58% return. Over the past 10 years, YCS has outperformed TLT with an annualized return of 7.63%, while TLT has yielded a comparatively lower -0.37% annualized return.
YCS
32.10%
5.34%
1.85%
18.77%
19.28%
7.63%
TLT
-5.58%
-1.81%
1.13%
3.40%
-6.09%
-0.37%
Key characteristics
| YCS | TLT | |
|---|---|---|
| Sharpe Ratio | 0.90 | 0.26 |
| Sortino Ratio | 1.28 | 0.46 |
| Omega Ratio | 1.18 | 1.05 |
| Calmar Ratio | 0.90 | 0.09 |
| Martin Ratio | 2.19 | 0.60 |
| Ulcer Index | 9.41% | 6.30% |
| Daily Std Dev | 22.85% | 14.73% |
| Max Drawdown | -49.56% | -48.35% |
| Current Drawdown | -5.74% | -41.17% |
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YCS vs. TLT - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than TLT's 0.15% expense ratio.
Correlation
The correlation between YCS and TLT is -0.44. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
YCS vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
YCS vs. TLT - Dividend Comparison
YCS has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
YCS vs. TLT - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, roughly equal to the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for YCS and TLT. For additional features, visit the drawdowns tool.
Volatility
YCS vs. TLT - Volatility Comparison
ProShares UltraShort Yen (YCS) has a higher volatility of 7.99% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.65%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.