HNDL vs. YCS
HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, HNDL returned 4.77%/yr vs 23.52%/yr for YCS. At a correlation of -0.14, they often move in opposite directions. HNDL charges 0.97%/yr vs 1.00%/yr for YCS.
Performance
HNDL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, HNDL achieves a 6.62% return, which is significantly lower than YCS's 9.63% return.
HNDL
- 1D
- -0.20%
- 1M
- -0.34%
- YTD
- 6.62%
- 6M
- 6.43%
- 1Y
- 14.43%
- 3Y*
- 11.67%
- 5Y*
- 4.77%
- 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%
HNDL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.62% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.82% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | 2.71% |
Correlation
The correlation between HNDL and YCS is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | -0.14 |
Over the past year, the inverse relationship between HNDL and YCS has strengthened: their correlation has moved from -0.14 to -0.36, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
HNDL vs. YCS — Risk / Return Rank
HNDL
YCS
HNDL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) 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.
| HNDL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.78 | -0.86 |
| Martin ratioReturn relative to average drawdown | 11.88 | 11.93 | -0.05 |
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Drawdowns
HNDL vs. YCS - Drawdown Comparison
The maximum HNDL drawdown since its inception was -23.72%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for HNDL and YCS.
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Drawdown Indicators
| HNDL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -49.56% | +25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -8.30% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -23.05% | +10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -27.32% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.14% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -19.87% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.65% | -1.43% |
Volatility
HNDL vs. YCS - Volatility Comparison
Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) has a higher volatility of 2.68% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that HNDL'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.
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Volatility by Period
| HNDL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.25% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 12.19% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 16.93% | -9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 21.10% | -9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 18.82% | -8.08% |
HNDL vs. YCS - Expense Ratio Comparison
HNDL has a 0.97% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
HNDL vs. YCS - Dividend Comparison
HNDL's dividend yield for the trailing twelve months is around 6.89%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.89% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HNDL and YCS have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNDL has higher volatility (2.68%) compared to YCS (2.25%). In terms of maximum drawdown, HNDL dropped -23.72% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 4.77% for HNDL. On fees, HNDL is cheaper at 0.97% 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.
Over the 5-year period, YCS has performed better with a 23.52% return vs 4.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HNDL is cheaper with a 0.97% expense ratio, compared with 1.00% for YCS.
HNDL has the higher dividend yield at 6.89%, compared with 0.00% for YCS.
HNDL is categorized as Diversified Portfolio, while YCS is Leveraged Currency. HNDL tracks NASDAQ 7 HANDL™ Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Rational Capital LLC and ProShares. Their fees differ too: 0.97% for HNDL and 1.00% for YCS.
HNDL currently has the higher Sharpe Ratio (1.90 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.
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