YCL vs. 5CH6.DE

Last updated Jun 3, 2026

YCL (ProShares Ultra Yen) and 5CH6.DE (WisdomTree Short USD Long EUR 5x Daily EUR) are both Leveraged Currency funds - YCL tracks the USD/JPY Exchange Rate (-200%) while 5CH6.DE tracks the MSFXSM 5X Short US Dollar/Euro Total Return Index. Both are passively managed. Over the past 10 years, YCL returned -12.51%/yr vs -15.83%/yr for 5CH6.DE. At a 0.37 correlation, their price movements are largely independent. YCL charges 0.95%/yr vs 0.98%/yr for 5CH6.DE.

Performance

YCL vs. 5CH6.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Yen (YCL) and WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

YCL is traded in USD, while 5CH6.DE is traded in EUR. To make them comparable, the 5CH6.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YCL achieves a -5.83% return, which is significantly higher than 5CH6.DE's -11.54% return. Over the past 10 years, YCL has outperformed 5CH6.DE with an annualized return of -12.51%, while 5CH6.DE has yielded a comparatively lower -15.83% annualized return.

YCL

• 1D: -0.34%
• 1M: -3.82%
• YTD: -5.83%
• 6M: -7.72%
• 1Y: -24.77%
• 3Y*: -15.08%
• 5Y*: -19.19%
• 10Y*: -12.51%

5CH6.DE

• 1D: 0.53%
• 1M: -5.54%
• YTD: -11.54%
• 6M: -5.64%
• 1Y: -5.16%
• 3Y*: 0.99%
• 5Y*: -19.94%
• 10Y*: -15.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

YCL vs. 5CH6.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YCL ProShares Ultra Yen	-5.83%	-6.34%	-25.97%	-20.46%	-26.92%	-20.94%	7.16%	-2.99%	0.17%	3.48%
5CH6.DE WisdomTree Short USD Long EUR 5x Daily EUR	-11.54%	67.23%	-36.45%	4.28%	-47.29%	-44.17%	43.23%	-29.20%	-40.32%	80.04%

Correlation

The correlation between YCL and 5CH6.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 29, 2014	0.37

Over the past year, YCL and 5CH6.DE have become more correlated (0.59) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

YCL vs. 5CH6.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YCL

YCL Risk / Return Rank: 1
YCL Sharpe Ratio Rank: 0
YCL Sortino Ratio Rank: 0
YCL Omega Ratio Rank: 1
YCL Calmar Ratio Rank: 1
YCL Martin Ratio Rank: 1

5CH6.DE

5CH6.DE Risk / Return Rank: 6
5CH6.DE Sharpe Ratio Rank: 6
5CH6.DE Sortino Ratio Rank: 7
5CH6.DE Omega Ratio Rank: 7
5CH6.DE Calmar Ratio Rank: 6
5CH6.DE Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YCL vs. 5CH6.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE). 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.

	YCL	5CH6.DE	Difference
Sharpe ratio Return per unit of total volatility	-1.48	-0.14	-1.33
Sortino ratio Return per unit of downside risk	-2.30	0.04	-2.34
Omega ratio Gain probability vs. loss probability	0.76	1.00	-0.25
Calmar ratio Return relative to maximum drawdown	-0.95	-0.20	-0.76
Martin ratio Return relative to average drawdown	-1.40	-0.39	-1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YCL vs. 5CH6.DE - Sharpe Ratio Comparison

The current YCL Sharpe Ratio is -1.48, which is lower than the 5CH6.DE Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of YCL and 5CH6.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YCL	5CH6.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.48	-0.14	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.94	-0.43	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.67	-0.37	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	-0.45	-0.05

Drawdowns

YCL vs. 5CH6.DE - Drawdown Comparison

The maximum YCL drawdown since its inception was -88.15%, smaller than the maximum 5CH6.DE drawdown of -96.83%. Use the drawdown chart below to compare losses from any high point for YCL and 5CH6.DE.

Drawdown Indicators

	YCL	5CH6.DE	Difference
Max Drawdown Largest peak-to-trough decline	-88.15%	-96.83%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-24.55%	-26.22%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-39.91%	-53.13%	+13.22%
Max Drawdown (5Y) Largest decline over 5 years	-66.19%	-83.41%	+17.22%
Max Drawdown (10Y) Largest decline over 10 years	-76.71%	-92.65%	+15.94%
Current Drawdown Current decline from peak	-88.15%	-93.92%	+5.77%
Average Drawdown Average peak-to-trough decline	-53.11%	-81.85%	+28.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.96%	13.08%	+3.88%

Volatility

YCL vs. 5CH6.DE - Volatility Comparison

The current volatility for ProShares Ultra Yen (YCL) is 2.72%, while WisdomTree Short USD Long EUR 5x Daily EUR (5CH6.DE) has a volatility of 7.64%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky than 5CH6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCL	5CH6.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	7.64%	-4.92%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	23.95%	-12.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	35.82%	-18.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.53%	46.13%	-25.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	42.94%	-24.33%

YCL vs. 5CH6.DE - Expense Ratio Comparison

YCL has a 0.95% expense ratio, which is lower than 5CH6.DE's 0.98% expense ratio.

Dividends

YCL vs. 5CH6.DE - Dividend Comparison

Neither YCL nor 5CH6.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both YCL and 5CH6.DE in my portfolio?

YCL and 5CH6.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YCL or 5CH6.DE?

On fees, YCL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YCL or 5CH6.DE?

YCL is cheaper with a 0.95% expense ratio, compared with 0.98% for 5CH6.DE.

What is the main difference between YCL and 5CH6.DE?

YCL tracks USD/JPY Exchange Rate (-200%), while 5CH6.DE tracks MSFXSM 5X Short US Dollar/Euro Total Return Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for YCL and 0.98% for 5CH6.DE.