FXY vs. YCL
Compare and contrast key facts about Invesco CurrencyShares® Japanese Yen Trust (FXY) and ProShares Ultra Yen (YCL).
FXY and YCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. 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 FXY 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: FXY or YCL.
Key characteristics
| FXY | YCL | |
|---|---|---|
| YTD Return | -8.72% | -22.23% |
| 1Y Return | -1.89% | -11.47% |
| 3Y Return (Ann) | -10.05% | -23.98% |
| 5Y Return (Ann) | -7.25% | -17.59% |
| 10Y Return (Ann) | -3.27% | -10.51% |
| Sharpe Ratio | -0.19 | -0.52 |
| Sortino Ratio | -0.21 | -0.67 |
| Omega Ratio | 0.98 | 0.92 |
| Calmar Ratio | -0.04 | -0.13 |
| Martin Ratio | -0.30 | -0.75 |
| Ulcer Index | 6.99% | 15.65% |
| Daily Std Dev | 11.10% | 22.37% |
| Max Drawdown | -56.03% | -86.75% |
| Current Drawdown | -53.82% | -85.88% |
Correlation
The correlation between FXY and YCL is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FXY vs. YCL - Performance Comparison
In the year-to-date period, FXY achieves a -8.72% return, which is significantly higher than YCL's -22.23% return. Over the past 10 years, FXY has outperformed YCL with an annualized return of -3.27%, while YCL has yielded a comparatively lower -10.51% 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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FXY vs. YCL - Expense Ratio Comparison
FXY has a 0.40% expense ratio, which is lower than YCL's 0.95% expense ratio.
Risk-Adjusted Performance
FXY vs. YCL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) 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
FXY vs. YCL - Dividend Comparison
Neither FXY nor YCL has paid dividends to shareholders.
Drawdowns
FXY vs. YCL - Drawdown Comparison
The maximum FXY drawdown since its inception was -56.03%, smaller than the maximum YCL drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for FXY and YCL. For additional features, visit the drawdowns tool.
Volatility
FXY vs. YCL - Volatility Comparison
The current volatility for Invesco CurrencyShares® Japanese Yen Trust (FXY) is 3.40%, while ProShares Ultra Yen (YCL) has a volatility of 6.79%. This indicates that FXY experiences smaller price fluctuations and is considered to be less risky than YCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.