TSLL vs. YCS
TSLL (Direxion Daily TSLA Bull 2X ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). TSLL is actively managed, while YCS is passively managed. Over the past 3 years, TSLL returned -7.12%/yr vs 18.37%/yr for YCS. At a correlation of -0.03, they often move in opposite directions. TSLL charges 0.83%/yr vs 1.00%/yr for YCS.
Performance
TSLL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -37.67% return, which is significantly lower than YCS's 9.63% return.
TSLL
- 1D
- -12.25%
- 1M
- -22.54%
- YTD
- -37.67%
- 6M
- -46.82%
- 1Y
- -13.37%
- 3Y*
- -7.12%
- 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%
TSLL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -37.67% | -26.80% | 99.63% | 139.86% | -74.99% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | -5.25% |
Correlation
The correlation between TSLL 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.03 |
The correlation between TSLL and YCS shifts across timeframes, from -0.12 (1 year) to -0.02 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TSLL vs. YCS — Risk / Return Rank
TSLL
YCS
TSLL vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) 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.
| TSLL | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.78 | -4.03 |
| Martin ratioReturn relative to average drawdown | -0.49 | 11.93 | -12.42 |
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Drawdowns
TSLL vs. YCS - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TSLL and YCS.
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Drawdown Indicators
| TSLL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -49.56% | -33.32% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -8.30% | -46.45% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -23.05% | -59.83% |
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 | -68.52% | -0.14% | -68.38% |
Average DrawdownAverage peak-to-trough decline | -53.92% | -19.87% | -34.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.78% | 2.65% | +25.13% |
Volatility
TSLL vs. YCS - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.98% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that TSLL'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
| TSLL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.98% | 2.25% | +26.73% |
Volatility (6M)Calculated over the trailing 6-month period | 56.84% | 12.19% | +44.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.07% | 16.93% | +72.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.91% | 21.10% | +85.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.91% | 18.82% | +88.09% |
TSLL vs. YCS - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
TSLL vs. YCS - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 8.21%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | 8.21% | 5.00% | 2.47% | 4.44% | 1.57% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLL 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.
TSLL has higher volatility (28.98%) compared to YCS (2.25%). In terms of maximum drawdown, TSLL dropped -82.88% vs YCS's -49.56%.
On 3-year performance, YCS leads with 18.37% vs -7.12% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, YCS has been the lower-risk option at 2.25%. 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 -7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 1.00% for YCS.
TSLL has the higher dividend yield at 8.21%, compared with 0.00% for YCS.
TSLL is categorized as Leveraged Equities, while YCS is Leveraged Currency. They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.83% for TSLL and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.15), 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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