EZJ vs. YCL
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and ProShares Ultra Yen (YCL).
EZJ and YCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZJ is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (200%). It was launched on Jun 2, 2009. YCL is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 24, 2008. Both EZJ and YCL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZJ or YCL.
Key characteristics
| EZJ | YCL | |
|---|---|---|
| YTD Return | 5.69% | -23.14% |
| 1Y Return | 20.75% | -12.25% |
| 3Y Return (Ann) | -7.27% | -24.25% |
| 5Y Return (Ann) | 0.69% | -17.89% |
| 10Y Return (Ann) | 4.34% | -10.62% |
| Sharpe Ratio | 0.59 | -0.56 |
| Sortino Ratio | 0.99 | -0.73 |
| Omega Ratio | 1.13 | 0.92 |
| Calmar Ratio | 0.50 | -0.14 |
| Martin Ratio | 2.34 | -0.80 |
| Ulcer Index | 8.85% | 15.72% |
| Daily Std Dev | 35.19% | 22.35% |
| Max Drawdown | -58.63% | -86.75% |
| Current Drawdown | -29.38% | -86.05% |
Correlation
The correlation between EZJ and YCL is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EZJ vs. YCL - Performance Comparison
In the year-to-date period, EZJ achieves a 5.69% return, which is significantly higher than YCL's -23.14% return. Over the past 10 years, EZJ has outperformed YCL with an annualized return of 4.34%, while YCL has yielded a comparatively lower -10.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EZJ vs. YCL - Expense Ratio Comparison
Both EZJ and YCL have an expense ratio of 0.95%.
Risk-Adjusted Performance
EZJ vs. YCL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) 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.
Dividends
EZJ vs. YCL - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.86%, while YCL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.86% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EZJ vs. YCL - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum YCL drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for EZJ and YCL. For additional features, visit the drawdowns tool.
Volatility
EZJ vs. YCL - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 9.54% compared to ProShares Ultra Yen (YCL) at 6.82%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than YCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.