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DNL vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DNL vs. YCS

Last updated Jun 4, 2026

DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DNL is a Foreign Large Cap Equities fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, DNL returned 9.17%/yr vs 12.34%/yr for YCS. At a 0.04 correlation, their price movements are largely independent. DNL charges 0.58%/yr vs 1.00%/yr for YCS.

Performance

DNL vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DNL achieves a 10.17% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, DNL has underperformed YCS with an annualized return of 9.17%, while YCS has yielded a comparatively higher 12.34% annualized return.

DNL

1D
-0.96%
1M
3.92%
YTD
10.17%
6M
11.58%
1Y
19.16%
3Y*
10.72%
5Y*
4.00%
10Y*
9.17%

YCS

1D
0.17%
1M
4.42%
YTD
7.17%
6M
10.05%
1Y
32.82%
3Y*
19.84%
5Y*
23.54%
10Y*
12.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DNL vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DNL
WisdomTree Global ex-U.S. Quality Dividend Growth Fund		10.17%17.03%-0.61%17.00%-22.38%16.14%18.22%36.23%-14.76%31.11%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between DNL and YCS is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.37

Correlation (3Y)
Calculated over the trailing 3-year period

-0.21

Correlation (5Y)
Calculated over the trailing 5-year period

-0.19

Correlation (10Y)
Calculated over the trailing 10-year period

-0.06

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

0.04

The correlation between DNL and YCS shifts across timeframes, from -0.37 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

ProShares UltraShort Yen

Often compared with DNL:
DNL vs. IQDGDNL vs. JIGDNL vs. DGRWDNL vs. SUSADNL vs. FNDEDNL vs. VIGIDNL vs. vxus
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

DNL vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DNL
DNL Risk / Return Rank: 3131
Overall Rank
DNL Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
DNL Sortino Ratio Rank: 3030
Sortino Ratio Rank
DNL Omega Ratio Rank: 2828
Omega Ratio Rank
DNL Calmar Ratio Rank: 3131
Calmar Ratio Rank
DNL Martin Ratio Rank: 3636
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DNL vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) 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.

DNLYCSDifference

Sharpe ratio

Return per unit of total volatility

1.08

1.92

-0.84

Sortino ratio

Return per unit of downside risk

1.62

2.44

-0.82

Omega ratio

Gain probability vs. loss probability

1.19

1.35

-0.16

Calmar ratio

Return relative to maximum drawdown

1.55

3.97

-2.42

Martin ratio

Return relative to average drawdown

5.55

12.40

-6.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DNL vs. YCS - Sharpe Ratio Comparison

The current DNL Sharpe Ratio is 1.08, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of DNL and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DNLYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.08

1.92

-0.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

1.12

-0.90

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.65

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.33

-0.07

Drawdowns

DNL vs. YCS - Drawdown Comparison

The maximum DNL drawdown since its inception was -44.53%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DNL and YCS.

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Drawdown Indicators

DNLYCSDifference

Max Drawdown

Largest peak-to-trough decline

-44.53%

-49.56%

+5.03%

Max Drawdown (1Y)

Largest decline over 1 year

-12.42%

-8.30%

-4.12%

Max Drawdown (3Y)

Largest decline over 3 years

-20.15%

-23.05%

+2.90%

Max Drawdown (5Y)

Largest decline over 5 years

-34.85%

-27.32%

-7.53%

Max Drawdown (10Y)

Largest decline over 10 years

-34.85%

-27.32%

-7.53%

Current Drawdown

Current decline from peak

-0.96%

0.00%

-0.96%

Average Drawdown

Average peak-to-trough decline

-10.17%

-19.93%

+9.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

2.66%

+0.80%

Volatility

DNL vs. YCS - Volatility Comparison

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) has a higher volatility of 5.51% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that DNL's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DNLYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.51%

2.75%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

14.96%

12.32%

+2.64%

Volatility (1Y)

Calculated over the trailing 1-year period

17.90%

17.27%

+0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.21%

21.10%

-2.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.65%

19.01%

-0.36%

DNL vs. YCS - Expense Ratio Comparison

DNL has a 0.58% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

DNL vs. YCS - Dividend Comparison

DNL's dividend yield for the trailing twelve months is around 1.66%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
DNL
WisdomTree Global ex-U.S. Quality Dividend Growth Fund		1.66%2.06%2.30%1.81%4.82%1.38%1.76%1.93%2.55%1.86%2.51%1.98%
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

DNL and YCS have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DNL has higher volatility (5.51%) compared to YCS (2.75%). In terms of maximum drawdown, DNL dropped -44.53% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 9.17% for DNL. On fees, DNL is cheaper at 0.58% per year. On volatility, YCS has been the lower-risk option at 2.75%. 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 12.34% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DNL is cheaper with a 0.58% expense ratio, compared with 1.00% for YCS.

DNL has the higher dividend yield at 1.66%, compared with 0.00% for YCS.

DNL is categorized as Foreign Large Cap Equities, while YCS is Leveraged Currency. DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for DNL and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs 1.08), 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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