QCLR vs. YCS
QCLR (Global X NASDAQ 100 Collar 95-110 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - QCLR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Collar 95-110 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 3 years, QCLR returned 13.86%/yr vs 18.37%/yr for YCS. At a correlation of -0.04, they often move in opposite directions. QCLR charges 0.60%/yr vs 1.00%/yr for YCS.
Performance
QCLR vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QCLR achieves a 0.21% return, which is significantly lower than YCS's 9.63% return.
QCLR
- 1D
- -1.44%
- 1M
- -0.86%
- YTD
- 0.21%
- 6M
- -0.60%
- 1Y
- 9.10%
- 3Y*
- 13.86%
- 5Y*
- —
- 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%
QCLR vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 0.21% | 11.27% | 20.27% | 28.87% | -18.87% | 2.29% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 8.90% |
Correlation
The correlation between QCLR 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | -0.04 |
The correlation between QCLR and YCS shifts across timeframes, from -0.12 (1 year) to -0.00 (3 years), 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.
Return for Risk
QCLR vs. YCS — Risk / Return Rank
QCLR
YCS
QCLR vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) 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.
| QCLR | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.78 | -2.89 |
| Martin ratioReturn relative to average drawdown | 3.21 | 11.93 | -8.72 |
Loading charts...
Drawdowns
QCLR vs. YCS - Drawdown Comparison
The maximum QCLR drawdown since its inception was -21.77%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for QCLR and YCS.
Loading charts...
Drawdown Indicators
| QCLR | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -49.56% | +27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -8.30% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.58% | -23.05% | +9.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.05% | -0.14% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -19.87% | +13.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.65% | +0.19% |
Volatility
QCLR vs. YCS - Volatility Comparison
The current volatility for Global X NASDAQ 100 Collar 95-110 ETF (QCLR) is 1.58%, while ProShares UltraShort Yen (YCS) has a volatility of 2.25%. This indicates that QCLR experiences smaller price fluctuations and is considered to be less risky than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QCLR | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 2.25% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 12.19% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 16.93% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 21.10% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.38% | 18.82% | -6.44% |
QCLR vs. YCS - Expense Ratio Comparison
QCLR has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
QCLR vs. YCS - Dividend Comparison
QCLR's dividend yield for the trailing twelve months is around 14.86%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QCLR Global X NASDAQ 100 Collar 95-110 ETF | 14.86% | 14.89% | 8.89% | 0.47% | 0.27% | 1.64% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QCLR 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.
YCS has higher volatility (2.25%) compared to QCLR (1.58%). In terms of maximum drawdown, QCLR dropped -21.77% vs YCS's -49.56%.
On 3-year performance, YCS leads with 18.37% vs 13.86% for QCLR. On fees, QCLR is cheaper at 0.60% per year. On volatility, QCLR has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YCS has performed better with a 18.37% return vs 13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QCLR is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.
QCLR has the higher dividend yield at 14.86%, compared with 0.00% for YCS.
QCLR is categorized as Nasdaq-100, while YCS is Leveraged Currency. QCLR tracks NASDAQ-100 Quarterly Collar 95-110 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.60% for QCLR and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs 0.95), 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.
Find the right allocation for QCLR and YCS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer