LQQ.PA vs. YCS
LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, LQQ.PA returned 42.81%/yr vs 16.63%/yr for YCS. At a 0.08 correlation, their price movements are largely independent. LQQ.PA charges 0.60%/yr vs 1.00%/yr for YCS.
Performance
LQQ.PA vs. YCS - Performance Comparison
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Different Trading Currencies
LQQ.PA is traded in EUR, while YCS is traded in USD. To make them comparable, the YCS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQQ.PA achieves a 40.35% return, which is significantly higher than YCS's 9.30% return.
LQQ.PA
- 1D
- 5.42%
- 1M
- 8.04%
- YTD
- 40.35%
- 6M
- 42.90%
- 1Y
- 81.16%
- 3Y*
- 42.81%
- 5Y*
- —
- 10Y*
- —
YCS
- 1D
- 0.04%
- 1M
- 2.80%
- YTD
- 9.30%
- 6M
- 11.78%
- 1Y
- 32.99%
- 3Y*
- 16.63%
- 5Y*
- 24.05%
- 10Y*
- 12.64%
LQQ.PA vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 40.35% | 14.16% | 57.00% | 75.85% |
YCS ProShares UltraShort Yen | 9.30% | -3.90% | 44.35% | 12.86% |
Correlation
The correlation between LQQ.PA and YCS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.08 |
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Return for Risk
LQQ.PA vs. YCS — Risk / Return Rank
LQQ.PA
YCS
LQQ.PA vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) 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.
| LQQ.PA | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.93 | +0.73 |
| Martin ratioReturn relative to average drawdown | 11.21 | 8.49 | +2.72 |
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Drawdowns
LQQ.PA vs. YCS - Drawdown Comparison
The maximum LQQ.PA drawdown since its inception was -44.66%, smaller than the maximum YCS drawdown of -53.49%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and YCS.
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Drawdown Indicators
| LQQ.PA | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.66% | -53.49% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -11.33% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -44.66% | -27.76% | -16.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.33% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.78% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -22.42% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 3.90% | +3.27% |
Volatility
LQQ.PA vs. YCS - Volatility Comparison
Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 12.35% compared to ProShares UltraShort Yen (YCS) at 3.05%. This indicates that LQQ.PA'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
| LQQ.PA | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.35% | 3.05% | +9.30% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 15.13% | +9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.04% | 21.45% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.49% | 25.68% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.49% | 23.26% | +12.23% |
LQQ.PA vs. YCS - Expense Ratio Comparison
LQQ.PA has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
LQQ.PA vs. YCS - Dividend Comparison
Neither LQQ.PA nor YCS has paid dividends to shareholders.
Frequently Asked Questions
LQQ.PA and YCS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQQ.PA is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.
LQQ.PA is categorized as Nasdaq-100, while YCS is Leveraged Currency. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Amundi and ProShares. Their fees differ too: 0.60% for LQQ.PA and 1.00% for YCS.
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