QQQE vs. YCS
QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, QQQE returned 16.04%/yr vs 13.63%/yr for YCS. At a 0.16 correlation, their price movements are largely independent. QQQE charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
QQQE vs. YCS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQQE achieves a 19.00% return, which is significantly higher than YCS's 9.78% return. Over the past 10 years, QQQE has outperformed YCS with an annualized return of 16.04%, while YCS has yielded a comparatively lower 13.63% annualized return.
QQQE
- 1D
- -0.11%
- 1M
- 4.23%
- YTD
- 19.00%
- 6M
- 17.44%
- 1Y
- 28.92%
- 3Y*
- 18.47%
- 5Y*
- 9.83%
- 10Y*
- 16.04%
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
QQQE vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.00% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between QQQE and YCS is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | 0.16 |
The correlation between QQQE and YCS shifts across timeframes, from -0.20 (1 year) to 0.16 (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.
Return for Risk
QQQE vs. YCS — Risk / Return Rank
QQQE
YCS
QQQE vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.
| QQQE | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.79 | -0.71 |
| Martin ratioReturn relative to average drawdown | 10.39 | 11.86 | -1.46 |
Loading charts...
Drawdowns
QQQE vs. YCS - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for QQQE and YCS.
Loading charts...
Drawdown Indicators
| QQQE | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -49.56% | +17.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -8.30% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -23.05% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -27.32% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | -27.32% | -4.82% |
Current DrawdownCurrent decline from peak | -0.95% | 0.00% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -19.88% | +14.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.65% | +0.14% |
Volatility
QQQE vs. YCS - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 7.69% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that QQQE'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.
Loading charts...
Volatility by Period
| QQQE | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 2.22% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 12.19% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 16.96% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 21.10% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 18.96% | +1.87% |
QQQE vs. YCS - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
QQQE vs. YCS - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.52%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.52% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
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
QQQE and YCS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQE has higher volatility (7.69%) compared to YCS (2.22%). In terms of maximum drawdown, QQQE dropped -32.14% vs YCS's -49.56%.
On 10-year performance, QQQE leads with 16.04% vs 13.63% for YCS. On fees, QQQE is cheaper at 0.35% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQE has performed better with a 16.04% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
QQQE has the higher dividend yield at 0.52%, compared with 0.00% for YCS.
QQQE is categorized as Nasdaq-100, while YCS is Leveraged Currency. QQQE tracks NASDAQ-100 Equal Weighted Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.35% for QQQE and 1.00% for YCS.
QQQE currently has the higher Sharpe Ratio (1.87 vs 1.86), 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 QQQE 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