DYLG vs. YCS

Last updated Jun 24, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - DYLG is a Derivative Income fund tracking the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past year, DYLG returned 18.56% vs 31.27% for YCS. At a correlation of -0.04, they often move in opposite directions. DYLG charges 0.35%/yr vs 1.00%/yr for YCS.

Performance

DYLG vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) 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, DYLG achieves a 5.72% return, which is significantly lower than YCS's 9.63% return.

DYLG

• 1D: -0.11%
• 1M: 1.56%
• YTD: 5.72%
• 6M: 5.32%
• 1Y: 18.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCS

• 1D: -0.14%
• 1M: 3.57%
• YTD: 9.63%
• 6M: 10.44%
• 1Y: 31.27%
• 3Y*: 18.37%
• 5Y*: 23.52%
• 10Y*: 13.62%

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

DYLG vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	5.72%	12.50%	14.46%	4.05%
YCS ProShares UltraShort Yen	9.63%	9.04%	35.41%	5.62%

Correlation

The correlation between DYLG and YCS is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023	-0.04

The correlation between DYLG and YCS shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DYLG vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DYLG

DYLG Risk / Return Rank: 60
DYLG Sharpe Ratio Rank: 65
DYLG Sortino Ratio Rank: 67
DYLG Omega Ratio Rank: 65
DYLG Calmar Ratio Rank: 48
DYLG Martin Ratio Rank: 56

YCS

YCS Risk / Return Rank: 63
YCS Sharpe Ratio Rank: 58
YCS Sortino Ratio Rank: 51
YCS Omega Ratio Rank: 59
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 69

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.

DYLG vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) 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.

	DYLG	YCS	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.86	+0.11
Sortino ratio: Return per unit of downside risk	2.85	2.36	+0.49
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	2.24	3.78	-1.54
Martin ratio: Return relative to average drawdown	9.12	11.93	-2.81

DYLG vs. YCS - Sharpe Ratio Comparison

The current DYLG Sharpe Ratio is 1.97, which is comparable to the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of DYLG 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.

Drawdowns

DYLG vs. YCS - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for DYLG and YCS.

Drawdown Indicators

	DYLG	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-49.56%	+35.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-8.30%	-0.01%
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	-0.56%	-0.14%	-0.42%
Average Drawdown Average peak-to-trough decline	-1.83%	-19.87%	+18.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.65%	-0.61%

Volatility

DYLG vs. YCS - Volatility Comparison

Global X Dow 30 Covered Call & Growth ETF (DYLG) has a higher volatility of 2.70% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that DYLG'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.

Volatility by Period

	DYLG	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.25%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	12.19%	-4.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	16.93%	-7.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.42%	21.10%	-9.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.42%	18.82%	-7.40%

DYLG vs. YCS - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

DYLG vs. YCS - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.45%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	9.45%	9.63%	16.55%	1.38%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYLG and YCS in my portfolio?

DYLG and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYLG or YCS?

DYLG has higher volatility (2.70%) compared to YCS (2.25%). In terms of maximum drawdown, DYLG dropped -13.98% vs YCS's -49.56%.

Which ETF is better, DYLG or YCS?

On 1-year performance, YCS leads with 31.27% vs 18.56% for DYLG. On fees, DYLG is cheaper at 0.35% per year. On volatility, YCS has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYLG or YCS?

Over the 1-year period, YCS has performed better with a 31.27% return vs 18.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYLG or YCS?

DYLG is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.

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

DYLG has the higher dividend yield at 9.45%, compared with 0.00% for YCS.

What is the main difference between DYLG and YCS?

DYLG is categorized as Derivative Income, while YCS is Leveraged Currency. DYLG tracks Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.35% for DYLG and 1.00% for YCS.

Which has better risk-adjusted returns?

DYLG currently has the higher Sharpe Ratio (1.97 vs 1.86), 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.