YCL vs. ADC

Last updated Jun 24, 2026

YCL (ProShares Ultra Yen) is Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while ADC (Agree Realty Corporation) is a stock. Over the past 10 years, YCL returned -13.37%/yr vs 9.48%/yr for ADC. At a 0.01 correlation, their price movements are largely independent.

Performance

YCL vs. ADC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Yen (YCL) and Agree Realty Corporation (ADC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YCL achieves a -7.56% return, which is significantly lower than ADC's 5.07% return. Over the past 10 years, YCL has underperformed ADC with an annualized return of -13.37%, while ADC has yielded a comparatively higher 9.48% annualized return.

YCL

• 1D: 0.22%
• 1M: -2.97%
• YTD: -7.56%
• 6M: -8.37%
• 1Y: -22.14%
• 3Y*: -13.96%
• 5Y*: -19.30%
• 10Y*: -13.37%

ADC

• 1D: 1.34%
• 1M: -1.09%
• YTD: 5.07%
• 6M: 5.44%
• 1Y: 2.37%
• 3Y*: 9.35%
• 5Y*: 5.61%
• 10Y*: 9.48%

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

YCL vs. ADC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YCL ProShares Ultra Yen	-7.56%	-6.34%	-25.97%	-20.46%	-26.92%	-20.94%	7.16%	-2.99%	0.17%	3.48%
ADC Agree Realty Corporation	5.07%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	22.71%	19.75%	16.42%

Correlation

The correlation between YCL and ADC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 9, 2008	0.01

Over the past year, YCL and ADC have become more correlated (0.27) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

YCL vs. ADC — 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: 2

ADC

ADC Risk / Return Rank: 45
ADC Sharpe Ratio Rank: 48
ADC Sortino Ratio Rank: 40
ADC Omega Ratio Rank: 39
ADC Calmar Ratio Rank: 48
ADC Martin Ratio Rank: 49

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. ADC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and Agree Realty Corporation (ADC). 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.

	YCL	ADC	Difference
Sharpe ratio: Return per unit of total volatility	-1.35	0.15	-1.50
Sortino ratio: Return per unit of downside risk	-2.09	0.33	-2.42
Omega ratio: Gain probability vs. loss probability	0.78	1.04	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.90	0.21	-1.11
Martin ratio: Return relative to average drawdown	-1.35	0.51	-1.86

YCL vs. ADC - Sharpe Ratio Comparison

The current YCL Sharpe Ratio is -1.35, which is lower than the ADC Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of YCL and ADC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YCL vs. ADC - Drawdown Comparison

The maximum YCL drawdown since its inception was -88.39%, which is greater than ADC's maximum drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for YCL and ADC.

Drawdown Indicators

	YCL	ADC	Difference
Max Drawdown Largest peak-to-trough decline	-88.39%	-70.25%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-11.14%	-13.60%
Max Drawdown (3Y) Largest decline over 3 years	-41.14%	-21.08%	-20.06%
Max Drawdown (5Y) Largest decline over 5 years	-66.88%	-29.52%	-37.36%
Max Drawdown (10Y) Largest decline over 10 years	-77.19%	-39.00%	-38.19%
Current Drawdown Current decline from peak	-88.37%	-8.25%	-80.12%
Average Drawdown Average peak-to-trough decline	-53.21%	-9.63%	-43.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.38%	4.79%	+11.59%

Volatility

YCL vs. ADC - Volatility Comparison

The current volatility for ProShares Ultra Yen (YCL) is 1.35%, while Agree Realty Corporation (ADC) has a volatility of 5.11%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky than ADC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCL	ADC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	5.11%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	12.29%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	16.25%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	18.77%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	23.67%	-5.22%

Dividends

YCL vs. ADC - Dividend Comparison

YCL has not paid dividends to shareholders, while ADC's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.21%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
YCL ProShares Ultra 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

Can I hold both YCL and ADC in my portfolio?

YCL and ADC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YCL or ADC?

ADC has higher volatility (5.11%) compared to YCL (1.35%). In terms of maximum drawdown, YCL dropped -88.39% vs ADC's -70.25%.

Which has better risk-adjusted returns?

ADC currently has the higher Sharpe Ratio (0.15 vs -1.35), 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.