MURGY vs. YCS

Last updated Jul 17, 2026

MURGY (Muenchener Rueckver Ges) is a stock, while YCS (ProShares UltraShort Yen) is Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Over the past 10 years, MURGY returned 18.52%/yr vs 12.99%/yr for YCS. At a 0.04 correlation, their price movements are largely independent.

Performance

MURGY vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Muenchener Rueckver Ges (MURGY) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MURGY achieves a -7.41% return, which is significantly lower than YCS's 11.45% return. Over the past 10 years, MURGY has outperformed YCS with an annualized return of 18.52%, while YCS has yielded a comparatively lower 12.99% annualized return.

MURGY

• 1D: 0.43%
• 1M: 8.26%
• 6M: 1.18%
• YTD: -7.41%
• 1Y: -8.38%
• 3Y*: 20.03%
• 5Y*: 21.55%
• 10Y*: 18.52%

YCS

• 1D: 0.42%
• 1M: 3.09%
• 6M: 8.08%
• YTD: 11.45%
• 1Y: 29.82%
• 3Y*: 21.64%
• 5Y*: 24.30%
• 10Y*: 12.99%

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

MURGY vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MURGY Muenchener Rueckver Ges	-7.41%	36.01%	23.53%	34.32%	14.50%	2.58%	4.34%	38.79%	4.17%	28.67%
YCS ProShares UltraShort Yen	11.45%	9.04%	35.41%	28.70%	29.09%	22.38%	-11.18%	3.37%	-1.49%	-6.57%

Correlation

The correlation between MURGY and YCS is -0.30, 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	-0.30
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (5Y) Calculated over the trailing 5-year period	-0.14
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008	0.04

The correlation between MURGY and YCS shifts across timeframes, from -0.30 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MURGY vs. YCS — Risk / Return Rank

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

MURGY

MURGY Risk / Return Rank: 28
MURGY Sharpe Ratio Rank: 28
MURGY Sortino Ratio Rank: 25
MURGY Omega Ratio Rank: 25
MURGY Calmar Ratio Rank: 33
MURGY Martin Ratio Rank: 31

YCS

YCS Risk / Return Rank: 73
YCS Sharpe Ratio Rank: 71
YCS Sortino Ratio Rank: 61
YCS Omega Ratio Rank: 74
YCS Calmar Ratio Rank: 84
YCS Martin Ratio Rank: 77

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.

MURGY vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muenchener Rueckver Ges (MURGY) 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.

	MURGY	YCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	1.82	-2.20
Sortino ratio: Return per unit of downside risk	-0.37	2.30	-2.67
Omega ratio: Gain probability vs. loss probability	0.95	1.35	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.33	3.61	-3.94
Martin ratio: Return relative to average drawdown	-0.67	11.41	-12.08

MURGY vs. YCS - Sharpe Ratio Comparison

The current MURGY Sharpe Ratio is -0.38, which is lower than the YCS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of MURGY and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MURGY vs. YCS - Drawdown Comparison

The maximum MURGY drawdown since its inception was -48.01%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for MURGY and YCS.

Drawdown Indicators

	MURGY	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-48.01%	-49.56%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-8.30%	-16.93%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-23.05%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	-27.32%	-2.22%
Max Drawdown (10Y) Largest decline over 10 years	-48.01%	-27.32%	-20.69%
Current Drawdown Current decline from peak	-13.69%	0.00%	-13.69%
Average Drawdown Average peak-to-trough decline	-8.75%	-19.80%	+11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.61%	2.62%	+9.99%

Volatility

MURGY vs. YCS - Volatility Comparison

Muenchener Rueckver Ges (MURGY) has a higher volatility of 5.15% compared to ProShares UltraShort Yen (YCS) at 2.47%. This indicates that MURGY'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.

Volatility by Period

	MURGY	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	2.47%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	16.82%	11.85%	+4.97%
Volatility (1Y) Calculated over the trailing 1-year period	22.48%	16.54%	+5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	21.09%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.63%	18.70%	+6.93%

Dividends

MURGY vs. YCS - Dividend Comparison

MURGY's dividend yield for the trailing twelve months is around 4.75%, while YCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MURGY Muenchener Rueckver Ges	4.75%	3.31%	3.21%	2.98%	3.73%	2.68%	2.50%	2.44%	3.39%	10.17%	9.45%	4.25%
YCS ProShares UltraShort Yen	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MURGY and YCS in my portfolio?

MURGY and YCS 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 is riskier, MURGY or YCS?

MURGY has higher volatility (5.15%) compared to YCS (2.47%). In terms of maximum drawdown, MURGY dropped -48.01% vs YCS's -49.56%.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.82 vs -0.38), 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.