XYLG vs. YCS
XYLG (Global X S&P 500 Covered Call & Growth ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - XYLG is a Derivative Income fund tracking the Cboe S&P 500 Half BuyWrite Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, XYLG returned 10.41%/yr vs 23.50%/yr for YCS. At a correlation of -0.02, they often move in opposite directions. XYLG charges 0.35%/yr vs 1.00%/yr for YCS.
Performance
XYLG vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, XYLG achieves a 7.51% return, which is significantly lower than YCS's 9.78% return.
XYLG
- 1D
- -0.20%
- 1M
- 0.64%
- YTD
- 7.51%
- 6M
- 7.25%
- 1Y
- 22.43%
- 3Y*
- 16.40%
- 5Y*
- 10.41%
- 10Y*
- —
YCS
- 1D
- 0.40%
- 1M
- 3.71%
- YTD
- 9.78%
- 6M
- 9.63%
- 1Y
- 31.36%
- 3Y*
- 18.43%
- 5Y*
- 23.50%
- 10Y*
- 13.63%
XYLG vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 7.51% | 12.93% | 22.31% | 18.16% | -15.46% | 23.81% | 12.13% |
YCS ProShares UltraShort Yen | 9.78% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -2.83% |
Correlation
The correlation between XYLG and YCS is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2020 | -0.02 |
The correlation between XYLG and YCS shifts across timeframes, from -0.16 (1 year) to -0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XYLG vs. YCS — Risk / Return Rank
XYLG
YCS
XYLG vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call & Growth ETF (XYLG) 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.
| XYLG | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.79 | -0.54 |
| Martin ratioReturn relative to average drawdown | 16.00 | 11.86 | +4.14 |
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Drawdowns
XYLG vs. YCS - Drawdown Comparison
The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for XYLG and YCS.
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Drawdown Indicators
| XYLG | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.30% | -49.56% | +28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -8.30% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -23.05% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -27.32% | +6.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -19.88% | +15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.65% | -1.25% |
Volatility
XYLG vs. YCS - Volatility Comparison
Global X S&P 500 Covered Call & Growth ETF (XYLG) has a higher volatility of 3.31% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that XYLG'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
| XYLG | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.22% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 12.19% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.90% | 16.96% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 21.10% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 18.96% | -5.10% |
XYLG vs. YCS - Expense Ratio Comparison
XYLG has a 0.35% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
XYLG vs. YCS - Dividend Comparison
XYLG's dividend yield for the trailing twelve months is around 13.57%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
XYLG Global X S&P 500 Covered Call & Growth ETF | 13.57% | 13.94% | 23.65% | 4.90% | 6.43% | 7.40% | 1.39% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYLG and YCS have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYLG has higher volatility (3.31%) compared to YCS (2.22%). In terms of maximum drawdown, XYLG dropped -21.30% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.50% vs 10.41% for XYLG. On fees, XYLG is cheaper at 0.35% per year. On volatility, YCS has been the lower-risk option at 2.22%. 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 23.50% return vs 10.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLG is cheaper with a 0.35% expense ratio, compared with 1.00% for YCS.
XYLG has the higher dividend yield at 13.57%, compared with 0.00% for YCS.
XYLG is categorized as Derivative Income, while YCS is Leveraged Currency. XYLG tracks Cboe S&P 500 Half BuyWrite Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.35% for XYLG and 1.00% for YCS.
XYLG currently has the higher Sharpe Ratio (2.28 vs 1.86), 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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