ULE vs. YCL
Compare and contrast key facts about ProShares Ultra Euro (ULE) and ProShares Ultra Yen (YCL).
ULE and YCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. YCL is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 24, 2008. Both ULE and YCL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULE or YCL.
Correlation
The correlation between ULE and YCL is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ULE vs. YCL - Performance Comparison
Key characteristics
ULE:
0.86
YCL:
0.35
ULE:
1.45
YCL:
0.72
ULE:
1.17
YCL:
1.08
ULE:
0.21
YCL:
0.09
ULE:
1.85
YCL:
0.64
ULE:
7.88%
YCL:
12.75%
ULE:
16.91%
YCL:
23.20%
ULE:
-72.74%
YCL:
-86.82%
ULE:
-62.65%
YCL:
-84.07%
Returns By Period
In the year-to-date period, ULE achieves a 20.51% return, which is significantly higher than YCL's 18.57% return. Over the past 10 years, ULE has outperformed YCL with an annualized return of -2.05%, while YCL has yielded a comparatively lower -8.63% annualized return.
ULE
20.51%
9.38%
9.10%
13.94%
-0.27%
-2.05%
YCL
18.57%
8.45%
5.83%
8.16%
-15.52%
-8.63%
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ULE vs. YCL - Expense Ratio Comparison
Both ULE and YCL have an expense ratio of 0.95%.
Risk-Adjusted Performance
ULE vs. YCL — Risk-Adjusted Performance Rank
ULE
YCL
ULE vs. YCL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) and ProShares Ultra Yen (YCL). 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.
Dividends
ULE vs. YCL - Dividend Comparison
Neither ULE nor YCL has paid dividends to shareholders.
Drawdowns
ULE vs. YCL - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, smaller than the maximum YCL drawdown of -86.82%. Use the drawdown chart below to compare losses from any high point for ULE and YCL. For additional features, visit the drawdowns tool.
Volatility
ULE vs. YCL - Volatility Comparison
ProShares Ultra Euro (ULE) and ProShares Ultra Yen (YCL) have volatilities of 8.25% and 7.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.