QQQJ vs. YCS
QQQJ (Invesco NASDAQ Next Gen 100 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - QQQJ is a Mid Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, QQQJ returned 6.66%/yr vs 23.50%/yr for YCS. At a correlation of -0.06, they often move in opposite directions. QQQJ charges 0.15%/yr vs 1.00%/yr for YCS.
Performance
QQQJ vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, QQQJ achieves a 21.43% return, which is significantly higher than YCS's 9.78% return.
QQQJ
- 1D
- 0.18%
- 1M
- 3.40%
- YTD
- 21.43%
- 6M
- 18.32%
- 1Y
- 44.44%
- 3Y*
- 21.75%
- 5Y*
- 6.66%
- 10Y*
- —
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%
QQQJ vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 21.43% | 20.44% | 15.36% | 13.68% | -28.25% | 9.76% | 15.34% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -4.17% |
Correlation
The correlation between QQQJ and YCS is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | -0.06 |
The correlation between QQQJ and YCS shifts across timeframes, from -0.17 (1 year) to -0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQJ vs. YCS — Risk / Return Rank
QQQJ
YCS
QQQJ vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) 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.
| QQQJ | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 3.79 | -0.02 |
| Martin ratioReturn relative to average drawdown | 15.67 | 11.86 | +3.81 |
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Drawdowns
QQQJ vs. YCS - Drawdown Comparison
The maximum QQQJ drawdown since its inception was -39.57%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for QQQJ and YCS.
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Drawdown Indicators
| QQQJ | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.57% | -49.56% | +9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -8.30% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -23.05% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -39.57% | -27.32% | -12.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -2.13% | 0.00% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -19.88% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.65% | +0.19% |
Volatility
QQQJ vs. YCS - Volatility Comparison
Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a higher volatility of 7.13% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that QQQJ'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
| QQQJ | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 2.22% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 12.19% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 16.96% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 21.10% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 18.96% | +3.15% |
QQQJ vs. YCS - Expense Ratio Comparison
QQQJ has a 0.15% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
QQQJ vs. YCS - Dividend Comparison
QQQJ's dividend yield for the trailing twelve months is around 0.75%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.55% | 0.85% | 0.77% | 0.67% | 0.76% | 0.91% | 0.09% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQJ and YCS have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQJ has higher volatility (7.13%) compared to YCS (2.22%). In terms of maximum drawdown, QQQJ dropped -39.57% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 6.66% for QQQJ. On fees, QQQJ is cheaper at 0.15% 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 5-year period, YCS has performed better with a 23.50% return vs 6.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQJ is cheaper with a 0.15% expense ratio, compared with 1.00% for YCS.
QQQJ has the higher dividend yield at 0.75%, compared with 0.00% for YCS.
QQQJ is categorized as Mid Cap Growth Equities, while YCS is Leveraged Currency. QQQJ tracks NASDAQ Next Generation 100 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.15% for QQQJ and 1.00% for YCS.
QQQJ currently has the higher Sharpe Ratio (2.36 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.
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