YCS vs. USDU
YCS (ProShares UltraShort Yen) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while USDU is a Currency fund actively managed by WisdomTree. YCS is passively managed, while USDU is actively managed. Over the past 10 years, YCS returned 12.37%/yr vs 2.77%/yr for USDU. A 0.51 correlation means they provide meaningful diversification when combined. YCS charges 1.00%/yr vs 0.51%/yr for USDU.
Performance
YCS vs. USDU - Performance Comparison
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Returns By Period
In the year-to-date period, YCS achieves a 7.54% return, which is significantly higher than USDU's 2.56% return. Over the past 10 years, YCS has outperformed USDU with an annualized return of 12.37%, while USDU has yielded a comparatively lower 2.77% annualized return.
YCS
- 1D
- 0.00%
- 1M
- 5.12%
- YTD
- 7.54%
- 6M
- 9.20%
- 1Y
- 31.94%
- 3Y*
- 20.22%
- 5Y*
- 23.59%
- 10Y*
- 12.37%
USDU
- 1D
- -0.08%
- 1M
- 2.52%
- YTD
- 2.56%
- 6M
- 2.09%
- 1Y
- 5.00%
- 3Y*
- 4.92%
- 5Y*
- 5.68%
- 10Y*
- 2.77%
YCS vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 7.54% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.56% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
Correlation
The correlation between YCS and USDU is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | 0.51 |
The correlation between YCS and USDU shifts across timeframes, from 0.51 (10 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
YCS vs. USDU — Risk / Return Rank
YCS
USDU
YCS vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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 | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 1.38 | +2.49 |
| Martin ratioReturn relative to average drawdown | 12.06 | 3.74 | +8.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YCS | USDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.89 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.86 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.37 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.44 | -0.11 |
Drawdowns
YCS vs. USDU - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for YCS and USDU.
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Drawdown Indicators
| YCS | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -14.54% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -3.64% | -4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -7.73% | -15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -9.28% | -18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | -14.54% | -12.78% |
Current DrawdownCurrent decline from peak | 0.00% | -1.62% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -4.72% | -15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.34% | +1.31% |
Volatility
YCS vs. USDU - Volatility Comparison
ProShares UltraShort Yen (YCS) has a higher volatility of 1.49% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.28%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.28% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 4.36% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 5.67% | +11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 6.63% | +14.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 7.46% | +11.55% |
YCS vs. USDU - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than USDU's 0.51% expense ratio.
Dividends
YCS vs. USDU - Dividend Comparison
YCS has not paid dividends to shareholders, while USDU's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.74% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
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% |
Frequently Asked Questions
YCS and USDU have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCS has higher volatility (1.49%) compared to USDU (1.28%). In terms of maximum drawdown, YCS dropped -49.56% vs USDU's -14.54%.
On 10-year performance, YCS leads with 12.37% vs 2.77% for USDU. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.28%. 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 12.37% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 1.00% for YCS.
USDU has the higher dividend yield at 3.74%, compared with 0.00% for YCS.
YCS is categorized as Leveraged Currency, while USDU is Currency. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 1.00% for YCS and 0.51% for USDU.
YCS currently has the higher Sharpe Ratio (1.89 vs 0.89), 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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