YCS vs. UVXY
Compare and contrast key facts about ProShares UltraShort Yen (YCS) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
YCS and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both YCS and UVXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
YCS vs. UVXY - Performance Comparison
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YCS vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 4.36% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Returns By Period
In the year-to-date period, YCS achieves a 4.36% return, which is significantly lower than UVXY's 40.61% return. Over the past 10 years, YCS has outperformed UVXY with an annualized return of 10.93%, while UVXY has yielded a comparatively lower -72.80% annualized return.
YCS
- 1D
- 0.26%
- 1M
- 2.19%
- YTD
- 4.36%
- 6M
- 20.43%
- 1Y
- 20.40%
- 3Y*
- 23.79%
- 5Y*
- 22.33%
- 10Y*
- 10.93%
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
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YCS vs. UVXY - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than UVXY's 0.95% expense ratio.
Return for Risk
YCS vs. UVXY — Risk / Return Rank
YCS
UVXY
YCS vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | -0.51 | +1.49 |
Sortino ratioReturn per unit of downside risk | 1.40 | -0.30 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.96 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.66 | +2.31 |
Martin ratioReturn relative to average drawdown | 4.48 | -0.80 | +5.28 |
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 | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | -0.51 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | -0.64 | +1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | -0.64 | +1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.67 | +1.00 |
Correlation
The correlation between YCS and UVXY is -0.19. 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.
Dividends
YCS vs. UVXY - Dividend Comparison
Neither YCS nor UVXY has paid dividends to shareholders.
Drawdowns
YCS vs. UVXY - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for YCS and UVXY.
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Drawdown Indicators
| YCS | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -100.00% | +50.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -85.64% | +73.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -99.77% | +72.45% |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | -100.00% | +72.68% |
Current DrawdownCurrent decline from peak | -1.61% | -100.00% | +98.39% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -98.53% | +78.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 71.09% | -66.64% |
Volatility
YCS vs. UVXY - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 4.81%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 45.03% | -40.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 71.80% | -59.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 113.07% | -92.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 105.47% | -84.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 114.51% | -95.28% |