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PSL vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSL vs. YCS

Last updated Jun 4, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, PSL returned 7.88%/yr vs 12.34%/yr for YCS. At a 0.13 correlation, their price movements are largely independent. PSL charges 0.60%/yr vs 1.00%/yr for YCS.

Performance

PSL vs. YCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Staples Momentum ETF (PSL) and ProShares UltraShort Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSL achieves a 9.10% return, which is significantly higher than YCS's 7.17% return. Over the past 10 years, PSL has underperformed YCS with an annualized return of 7.88%, while YCS has yielded a comparatively higher 12.34% annualized return.

PSL

1D
0.57%
1M
-1.77%
YTD
9.10%
6M
9.15%
1Y
-1.02%
3Y*
9.29%
5Y*
3.68%
10Y*
7.88%

YCS

1D
0.17%
1M
4.42%
YTD
7.17%
6M
10.05%
1Y
32.82%
3Y*
19.84%
5Y*
23.54%
10Y*
12.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSL vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSL
Invesco DWA Consumer Staples Momentum ETF		9.10%-3.47%15.42%12.32%-7.76%6.88%18.15%14.16%0.92%21.82%
YCS
ProShares UltraShort Yen		7.17%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between PSL and YCS is -0.12, 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

-0.12

Correlation (3Y)
Calculated over the trailing 3-year period

-0.07

Correlation (5Y)
Calculated over the trailing 5-year period

-0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

0.13

The correlation between PSL and YCS shifts across timeframes, from -0.12 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco DWA Consumer Staples Momentum ETF

ProShares UltraShort Yen

Often compared with PSL:
PSL vs. XLPPSL vs. PPAPSL vs. FSTAPSL vs. ^SP500TRPSL vs. SPYPSL vs. IYKPSL vs. FALN
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

PSL vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSL
PSL Risk / Return Rank: 88
Overall Rank
PSL Sharpe Ratio Rank: 88
Sharpe Ratio Rank
PSL Sortino Ratio Rank: 77
Sortino Ratio Rank
PSL Omega Ratio Rank: 77
Omega Ratio Rank
PSL Calmar Ratio Rank: 88
Calmar Ratio Rank
PSL Martin Ratio Rank: 88
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6161
Overall Rank
YCS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 4949
Sortino Ratio Rank
YCS Omega Ratio Rank: 5656
Omega Ratio Rank
YCS Calmar Ratio Rank: 7878
Calmar Ratio Rank
YCS Martin Ratio Rank: 6767
Martin Ratio Rank
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.

PSL vs. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) 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.

PSLYCSDifference
Sharpe ratioReturn per unit of total volatility
-0.08
1.92

-2.00

Sortino ratioReturn per unit of downside risk
-0.02
2.44

-2.46

Omega ratioGain probability vs. loss probability

1.00

1.35

-0.35

Calmar ratioReturn relative to maximum drawdown

-0.08

3.97

-4.05

Martin ratioReturn relative to average drawdown

-0.17

12.40

-12.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSL vs. YCS - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is -0.08, which is lower than the YCS Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of PSL 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.

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Sharpe Ratios by Period

PSLYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.08

1.92

-2.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

1.12

-0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.65

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.33

+0.22

Drawdowns

PSL vs. YCS - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for PSL and YCS.

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Drawdown Indicators

PSLYCSDifference

Max Drawdown

Largest peak-to-trough decline

-41.58%

-49.56%

+7.98%

Max Drawdown (1Y)

Largest decline over 1 year

-13.64%

-8.30%

-5.34%

Max Drawdown (3Y)

Largest decline over 3 years

-13.64%

-23.05%

+9.41%

Max Drawdown (5Y)

Largest decline over 5 years

-22.35%

-27.32%

+4.97%

Max Drawdown (10Y)

Largest decline over 10 years

-34.67%

-27.32%

-7.35%

Current Drawdown

Current decline from peak

-6.41%

0.00%

-6.41%

Average Drawdown

Average peak-to-trough decline

-5.82%

-19.93%

+14.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.09%

2.66%

+3.43%

Volatility

PSL vs. YCS - Volatility Comparison

Invesco DWA Consumer Staples Momentum ETF (PSL) has a higher volatility of 3.29% compared to ProShares UltraShort Yen (YCS) at 2.75%. This indicates that PSL'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

PSLYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.29%

2.75%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

8.51%

12.32%

-3.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.80%

17.27%

-4.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

21.10%

-5.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.50%

19.01%

-2.51%

PSL vs. YCS - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

PSL vs. YCS - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.84%, while YCS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
PSL
Invesco DWA Consumer Staples Momentum ETF		0.84%0.93%0.60%1.37%1.98%1.24%0.80%0.47%0.75%0.34%2.08%1.18%
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

PSL and YCS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PSL has higher volatility (3.29%) compared to YCS (2.75%). In terms of maximum drawdown, PSL dropped -41.58% vs YCS's -49.56%.

On 10-year performance, YCS leads with 12.34% vs 7.88% for PSL. On fees, PSL is cheaper at 0.60% per year. On volatility, YCS has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, YCS has performed better with a 12.34% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PSL is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.

PSL has the higher dividend yield at 0.84%, compared with 0.00% for YCS.

PSL is categorized as Momentum, while YCS is Leveraged Currency. PSL tracks DWA Consumer Staples Technical Leaders Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.60% for PSL and 1.00% for YCS.

YCS currently has the higher Sharpe Ratio (1.92 vs -0.08), 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.

Portfolio Optimizer

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