BLSG vs. YCS

Last updated Aug 4, 2026

BLSG (Leverage Shares 2X Long BLSH Daily ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - BLSG is a Leveraged Equities fund actively managed by Leverage Shares, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). BLSG is actively managed, while YCS is passively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. BLSG charges 0.75%/yr vs 1.00%/yr for YCS.

Performance

BLSG vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BLSH Daily ETF (BLSG) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLSG achieves a -76.13% return, which is significantly lower than YCS's 4.11% return.

BLSG

• 1D: 9.11%
• 1M: -24.18%
• 6M: -56.67%
• YTD: -76.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

YCS

• 1D: -2.97%
• 1M: -5.17%
• 6M: 5.08%
• YTD: 4.11%
• 1Y: 21.34%
• 3Y*: 16.96%
• 5Y*: 22.90%
• 10Y*: 13.21%
• ALL TIME*: 6.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLSG Leverage Shares 2X Long BLSH Daily ETF	$285.30K	$214.72K	$288.11K
YCS ProShares UltraShort Yen	$2.37M	$2.29M	$1.56M

BLSG vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
BLSG Leverage Shares 2X Long BLSH Daily ETF	-76.13%	-58.81%
YCS ProShares UltraShort Yen	4.11%	6.71%

Correlation

The correlation between BLSG and YCS is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	-0.14

Return for Risk

BLSG vs. YCS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLSG

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

YCS

YCS Risk / Return Rank: 59
YCS Sharpe Ratio Rank: 51
YCS Sortino Ratio Rank: 45
YCS Omega Ratio Rank: 56
YCS Calmar Ratio Rank: 70
YCS Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLSG vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) and ProShares UltraShort Yen (YCS). 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.

	BLSG	YCS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.31	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.53	—
Martin ratio: Return relative to average drawdown	—	9.53	—

Drawdowns

BLSG vs. YCS - Drawdown Comparison

The maximum BLSG drawdown since its inception was -91.34%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for BLSG and YCS.

Drawdown Indicators

	BLSG	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-91.34%	-49.56%	-41.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.48%	—
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	-90.45%	-8.48%	-81.97%
Average Drawdown Average peak-to-trough decline	-65.81%	-19.75%	-46.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.24%	—

Volatility

Volatility by Period

	BLSG	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	146.36%	16.43%	+129.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.36%	21.21%	+125.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.36%	18.61%	+127.75%

BLSG vs. YCS - Expense Ratio Comparison

BLSG has a 0.75% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

BLSG vs. YCS - Dividend Comparison

Neither BLSG nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BLSG and YCS in my portfolio?

BLSG and YCS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLSG or YCS?

On fees, BLSG 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, BLSG or YCS?

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

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

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

What is the main difference between BLSG and YCS?

BLSG is categorized as Leveraged Equities, while YCS is Leveraged Currency. They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for BLSG and 1.00% for YCS.