XLG vs. YCS
XLG (Invesco S&P 500 Top 50 ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, XLG returned 17.04%/yr vs 13.18%/yr for YCS. At a 0.19 correlation, their price movements are largely independent. XLG charges 0.20%/yr vs 1.00%/yr for YCS.
Performance
XLG vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, XLG achieves a 4.36% return, which is significantly lower than YCS's 9.35% return. Over the past 10 years, XLG has outperformed YCS with an annualized return of 17.04%, while YCS has yielded a comparatively lower 13.18% annualized return.
XLG
- 1D
- 0.90%
- 1M
- -2.83%
- YTD
- 4.36%
- 6M
- 4.76%
- 1Y
- 23.96%
- 3Y*
- 22.07%
- 5Y*
- 15.41%
- 10Y*
- 17.04%
YCS
- 1D
- 0.88%
- 1M
- 3.86%
- YTD
- 9.35%
- 6M
- 8.16%
- 1Y
- 32.90%
- 3Y*
- 19.46%
- 5Y*
- 23.76%
- 10Y*
- 13.18%
XLG vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 4.36% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 24.15% | 32.04% | -3.59% | 23.04% |
YCS ProShares UltraShort Yen | 9.35% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between XLG and YCS is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.19 |
The correlation between XLG and YCS shifts across timeframes, from -0.14 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLG vs. YCS — Risk / Return Rank
XLG
YCS
XLG vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) 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.
| XLG | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.98 | -2.04 |
| Martin ratioReturn relative to average drawdown | 7.02 | 12.43 | -5.41 |
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Drawdowns
XLG vs. YCS - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for XLG and YCS.
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Drawdown Indicators
| XLG | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -49.56% | -2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -8.30% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -23.05% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -27.32% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -30.46% | -27.32% | -3.14% |
Current DrawdownCurrent decline from peak | -4.38% | 0.00% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -19.88% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.65% | +0.77% |
Volatility
XLG vs. YCS - Volatility Comparison
Invesco S&P 500 Top 50 ETF (XLG) has a higher volatility of 4.80% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that XLG'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
| XLG | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 2.25% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 12.24% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 16.99% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 21.09% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 18.98% | -0.10% |
XLG vs. YCS - Expense Ratio Comparison
XLG has a 0.20% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
XLG vs. YCS - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.62%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 0.62% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLG and YCS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLG has higher volatility (4.80%) compared to YCS (2.25%). In terms of maximum drawdown, XLG dropped -52.39% vs YCS's -49.56%.
On 10-year performance, XLG leads with 17.04% vs 13.18% for YCS. On fees, XLG is cheaper at 0.20% 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 10-year period, XLG has performed better with a 17.04% return vs 13.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLG is cheaper with a 0.20% expense ratio, compared with 1.00% for YCS.
XLG has the higher dividend yield at 0.62%, compared with 0.00% for YCS.
XLG is categorized as S&P 500, while YCS is Leveraged Currency. XLG tracks S&P 500 Top 50 Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.20% for XLG and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.95 vs 1.74), 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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