Correlation
The correlation between ULE and YCL is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
ULE vs. YCL - Performance Comparison
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Key characteristics
ULE:
0.51
YCL:
0.40
ULE:
0.84
YCL:
0.76
ULE:
1.09
YCL:
1.09
ULE:
0.12
YCL:
0.11
ULE:
1.04
YCL:
0.76
ULE:
8.03%
YCL:
12.92%
ULE:
18.22%
YCL:
24.14%
ULE:
-72.74%
YCL:
-86.82%
ULE:
-62.98%
YCL:
-84.48%
Returns By Period
In the year-to-date period, ULE achieves a 19.46% return, which is significantly higher than YCL's 15.53% return. Over the past 10 years, ULE has outperformed YCL with an annualized return of -2.82%, while YCL has yielded a comparatively lower -7.66% annualized return.
ULE
19.46%
0.97%
14.50%
8.62%
2.20%
-1.16%
-2.82%
YCL
15.53%
2.17%
3.98%
10.17%
-14.34%
-15.81%
-7.66%
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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.
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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.
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Volatility
ULE vs. YCL - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 5.93%, while ProShares Ultra Yen (YCL) has a volatility of 8.87%. This indicates that ULE experiences smaller price fluctuations and is considered to be less risky than YCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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