EUO vs. YCS
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and ProShares UltraShort Yen (YCS).
EUO and YCS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUO is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. 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. Both EUO and YCS 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
EUO vs. YCS - Performance Comparison
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EUO vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 4.48% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
YCS ProShares UltraShort Yen | 4.09% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Returns By Period
In the year-to-date period, EUO achieves a 4.48% return, which is significantly higher than YCS's 4.09% return. Over the past 10 years, EUO has underperformed YCS with an annualized return of 2.49%, while YCS has yielded a comparatively higher 10.90% annualized return.
EUO
- 1D
- -1.82%
- 1M
- 4.67%
- YTD
- 4.48%
- 6M
- 5.68%
- 1Y
- -8.27%
- 3Y*
- 0.64%
- 5Y*
- 4.14%
- 10Y*
- 2.49%
YCS
- 1D
- -1.38%
- 1M
- 3.58%
- YTD
- 4.09%
- 6M
- 18.84%
- 1Y
- 19.59%
- 3Y*
- 23.69%
- 5Y*
- 22.26%
- 10Y*
- 10.90%
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EUO vs. YCS - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is lower than YCS's 1.00% expense ratio.
Return for Risk
EUO vs. YCS — Risk / Return Rank
EUO
YCS
EUO vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) 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.
| EUO | YCS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.53 | 0.94 | -1.48 |
Sortino ratioReturn per unit of downside risk | -0.62 | 1.36 | -1.98 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.18 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.67 | -2.16 |
Martin ratioReturn relative to average drawdown | -0.70 | 4.52 | -5.22 |
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
| EUO | YCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 0.94 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 1.07 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.57 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.32 | -0.27 |
Correlation
The correlation between EUO and YCS is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EUO vs. YCS - Dividend Comparison
Neither EUO nor YCS has paid dividends to shareholders.
Drawdowns
EUO vs. YCS - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for EUO and YCS.
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Drawdown Indicators
| EUO | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.58% | -49.56% | +10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -12.07% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -27.32% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | -27.32% | -2.29% |
Current DrawdownCurrent decline from peak | -18.48% | -1.87% | -16.61% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -20.12% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.66% | 4.45% | +7.21% |
Volatility
EUO vs. YCS - Volatility Comparison
ProShares UltraShort Euro (EUO) and ProShares UltraShort Yen (YCS) have volatilities of 4.69% and 4.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUO | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.81% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 12.33% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 20.84% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 20.93% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 19.23% | -4.26% |