EUSC vs. YCL

Last updated Jun 24, 2026

EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) and YCL (ProShares Ultra Yen) are both exchange-traded funds - EUSC is a Europe Equities fund tracking the WisdomTree Europe Hedged SmallCap Equity Index, while YCL is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. EUSC charges 0.58%/yr vs 0.95%/yr for YCL.

Performance

EUSC vs. YCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and ProShares Ultra Yen (YCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCL

• 1D: 0.22%
• 1M: -2.97%
• YTD: -7.56%
• 6M: -8.37%
• 1Y: -22.14%
• 3Y*: -13.96%
• 5Y*: -19.30%
• 10Y*: -13.37%

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

EUSC vs. YCL - Yearly Performance Comparison

	2026 (YTD)
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.18%
YCL ProShares Ultra Yen	-2.55%

Correlation

The correlation between EUSC and YCL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.30

Return for Risk

EUSC vs. YCL — Risk / Return Rank

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

EUSC

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

YCL

YCL Risk / Return Rank: 1
YCL Sharpe Ratio Rank: 0
YCL Sortino Ratio Rank: 0
YCL Omega Ratio Rank: 1
YCL Calmar Ratio Rank: 1
YCL Martin Ratio Rank: 2

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.

EUSC vs. YCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and ProShares Ultra Yen (YCL). 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.

	EUSC	YCL	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.35	—
Sortino ratio: Return per unit of downside risk	—	-2.09	—
Omega ratio: Gain probability vs. loss probability	—	0.78	—
Calmar ratio: Return relative to maximum drawdown	—	-0.90	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

EUSC vs. YCL - Drawdown Comparison

The maximum EUSC drawdown since its inception was 0.00%, smaller than the maximum YCL drawdown of -88.39%. Use the drawdown chart below to compare losses from any high point for EUSC and YCL.

Drawdown Indicators

	EUSC	YCL	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-88.39%	+88.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.74%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.19%	—
Current Drawdown Current decline from peak	0.00%	-88.37%	+88.37%
Average Drawdown Average peak-to-trough decline	0.00%	-53.21%	+53.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.38%	—

Volatility

Volatility by Period

	EUSC	YCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.10%	16.43%	-15.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.10%	20.51%	-19.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.10%	18.45%	-17.35%

EUSC vs. YCL - Expense Ratio Comparison

EUSC has a 0.58% expense ratio, which is lower than YCL's 0.95% expense ratio.

Dividends

EUSC vs. YCL - Dividend Comparison

Neither EUSC nor YCL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EUSC and YCL in my portfolio?

EUSC and YCL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUSC or YCL?

On fees, EUSC is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUSC or YCL?

EUSC is cheaper with a 0.58% expense ratio, compared with 0.95% for YCL.

Which ETF pays a higher dividend yield, EUSC or YCL?

EUSC and YCL have nearly identical dividend yields, around 0.00%.

What is the main difference between EUSC and YCL?

EUSC is categorized as Europe Equities, while YCL is Leveraged Currency. EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index, while YCL tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for EUSC and 0.95% for YCL.