WANT vs. YCS
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, WANT returned -8.83%/yr vs 23.52%/yr for YCS. At a 0.02 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 1.00%/yr for YCS.
Performance
WANT vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -21.36% return, which is significantly lower than YCS's 9.63% return.
WANT
- 1D
- -3.36%
- 1M
- -14.54%
- YTD
- -21.36%
- 6M
- -26.83%
- 1Y
- -0.82%
- 3Y*
- 9.94%
- 5Y*
- -8.83%
- 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%
WANT vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -21.36% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.44% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -6.28% |
Correlation
The correlation between WANT and YCS is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018 | 0.02 |
The correlation between WANT and YCS shifts across timeframes, from -0.23 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WANT vs. YCS — Risk / Return Rank
WANT
YCS
WANT vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.
| WANT | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.78 | -3.80 |
| Martin ratioReturn relative to average drawdown | -0.05 | 11.93 | -11.98 |
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Drawdowns
WANT vs. YCS - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for WANT and YCS.
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Drawdown Indicators
| WANT | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -49.56% | -36.33% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -8.30% | -32.97% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -23.05% | -40.48% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -27.32% | -58.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -62.10% | -0.14% | -61.96% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -19.87% | -23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 2.65% | +13.49% |
Volatility
WANT vs. YCS - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.12% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that WANT'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
| WANT | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.12% | 2.25% | +16.87% |
Volatility (6M)Calculated over the trailing 6-month period | 41.03% | 12.19% | +28.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.06% | 16.93% | +38.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.98% | 21.10% | +49.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 18.82% | +52.66% |
WANT vs. YCS - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
WANT vs. YCS - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.68%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.68% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WANT and YCS have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (19.12%) compared to YCS (2.25%). In terms of maximum drawdown, WANT dropped -85.89% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs -8.83% for WANT. On fees, WANT is cheaper at 0.98% 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 5-year period, YCS has performed better with a 23.52% return vs -8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WANT is cheaper with a 0.98% expense ratio, compared with 1.00% for YCS.
WANT has the higher dividend yield at 0.68%, compared with 0.00% for YCS.
WANT is categorized as Leveraged Equities, while YCS is Leveraged Currency. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.98% for WANT and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.02), 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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