OXLCN vs. YCL
OXLCN (Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock) is a stock, while YCL (ProShares Ultra Yen) is Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Over the past 3 years, OXLCN returned 10.05%/yr vs -16.23%/yr for YCL. At a correlation of -0.01, they often move in opposite directions.
Performance
OXLCN vs. YCL - Performance Comparison
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Returns By Period
In the year-to-date period, OXLCN achieves a 6.03% return, which is significantly higher than YCL's -8.97% return.
OXLCN
- 1D
- 0.57%
- 1M
- 0.26%
- 6M
- 5.21%
- YTD
- 6.03%
- 1Y
- 10.30%
- 3Y*
- 10.05%
- 5Y*
- —
- 10Y*
- —
YCL
- 1D
- -0.88%
- 1M
- -2.80%
- 6M
- -7.23%
- YTD
- -8.97%
- 1Y
- -21.77%
- 3Y*
- -16.23%
- 5Y*
- -19.78%
- 10Y*
- -12.94%
OXLCN vs. YCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 6.03% | 7.77% | 12.69% | 10.55% | -3.37% |
YCL ProShares Ultra Yen | -8.97% | -6.34% | -25.97% | -20.46% | 1.76% |
Correlation
The correlation between OXLCN and YCL is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.01 |
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Return for Risk
OXLCN vs. YCL — Risk / Return Rank
OXLCN
YCL
OXLCN vs. YCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) 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.
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.
| OXLCN | YCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.78 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | -0.96 | +5.96 |
| Martin ratioReturn relative to average drawdown | 13.50 | -1.53 | +15.03 |
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Drawdowns
OXLCN vs. YCL - Drawdown Comparison
The maximum OXLCN drawdown since its inception was -12.23%, smaller than the maximum YCL drawdown of -88.56%. Use the drawdown chart below to compare losses from any high point for OXLCN and YCL.
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Drawdown Indicators
| OXLCN | YCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -88.56% | +76.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -22.69% | +20.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -41.33% | +36.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.51% | — |
Current DrawdownCurrent decline from peak | -0.40% | -88.54% | +88.14% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -53.31% | +51.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 14.25% | -13.49% |
Volatility
OXLCN vs. YCL - Volatility Comparison
The current volatility for Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) is 2.92%, while ProShares Ultra Yen (YCL) has a volatility of 3.15%. This indicates that OXLCN 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.
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Volatility by Period
| OXLCN | YCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.15% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 11.18% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.05% | 16.30% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 20.52% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.87% | 18.32% | -8.45% |
Dividends
OXLCN vs. YCL - Dividend Comparison
OXLCN's dividend yield for the trailing twelve months is around 7.17%, while YCL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 7.17% | 7.33% | 7.34% | 7.68% | 4.21% |
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OXLCN and YCL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCL has higher volatility (3.15%) compared to OXLCN (2.92%). In terms of maximum drawdown, OXLCN dropped -12.23% vs YCL's -88.56%.
OXLCN currently has the higher Sharpe Ratio (1.47 vs -1.34), 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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