YCS ETF — ProShares UltraShort Yen

ProShares UltraShort Yen (YCS)

Updated October 16, 2026.

YCS is an ETF. its expense ratio is 0.98%. Total return is 200.4% over the past 17.9 years, 934.2 points behind SPY at 1134.6%.

ProShares UltraShort Yen is an ETF that seeks to deliver inverse leveraged exposure to the Japanese yen, allowing investors to benefit from yen weakness relative to the U.S. dollar. The fund does not distribute income to shareholders. With an expense ratio of 0.98%, it is designed for traders and investors seeking short-term tactical positioning rather than long-term income generation.

YCS performance versus SPY

Price and return data through 2026-10-16.

Total return is 200.4% over the past 17.9 years, 934.2 points behind SPY at 1134.6%. Over the past year its total return — price change plus distributions reinvested — is 17.8%. Its deepest 1-year drawdown was 11.7%.

YCS key facts

Issuer

ProShares

Asset type

ETF

Asset class

Fixed Income

Inception date

11/24/2008

Expense ratio

0.98%

Distribution frequency

None

Last close

$54.43 (as of 2026-10-16)

AUM

$26,937,684

Average volume

17020.0

Beta

-8.83

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

YCS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.7%.

Who may consider YCS — and who may not

It is a weaker fit for investors who need monthly cash flow (YCS does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on YCS

• All tickers starting with Y

Tagged: Leverage, Short.

Frequently asked questions

More securities from ProShares.