YCL vs. DXJ
Compare and contrast key facts about ProShares Ultra Yen (YCL) and WisdomTree Japan Hedged Equity Fund (DXJ).
YCL and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YCL is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 24, 2008. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both YCL and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YCL or DXJ.
Key characteristics
| YCL | DXJ | |
|---|---|---|
| YTD Return | -23.14% | 25.92% |
| 1Y Return | -12.25% | 25.45% |
| 3Y Return (Ann) | -24.25% | 23.73% |
| 5Y Return (Ann) | -17.89% | 18.72% |
| 10Y Return (Ann) | -10.62% | 11.46% |
| Sharpe Ratio | -0.56 | 1.24 |
| Sortino Ratio | -0.73 | 1.61 |
| Omega Ratio | 0.92 | 1.24 |
| Calmar Ratio | -0.14 | 1.16 |
| Martin Ratio | -0.80 | 4.14 |
| Ulcer Index | 15.72% | 6.24% |
| Daily Std Dev | 22.35% | 20.85% |
| Max Drawdown | -86.75% | -49.63% |
| Current Drawdown | -86.05% | -6.43% |
Correlation
The correlation between YCL and DXJ is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
YCL vs. DXJ - Performance Comparison
In the year-to-date period, YCL achieves a -23.14% return, which is significantly lower than DXJ's 25.92% return. Over the past 10 years, YCL has underperformed DXJ with an annualized return of -10.62%, while DXJ has yielded a comparatively higher 11.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YCL vs. DXJ - Expense Ratio Comparison
YCL has a 0.95% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
YCL vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
Dividends
YCL vs. DXJ - Dividend Comparison
YCL has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 2.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.34% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
YCL vs. DXJ - Drawdown Comparison
The maximum YCL drawdown since its inception was -86.75%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for YCL and DXJ. For additional features, visit the drawdowns tool.
Volatility
YCL vs. DXJ - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 6.82% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 5.17%. This indicates that YCL's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.