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.
Performance
YCL vs. DXJ - Performance Comparison
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YCL vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -3.59% | -6.34% | -25.97% | -20.46% | -26.92% | -20.94% | 7.16% | -2.99% | 0.17% | 3.48% |
DXJ WisdomTree Japan Hedged Equity Fund | 10.00% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Returns By Period
In the year-to-date period, YCL achieves a -3.59% return, which is significantly lower than DXJ's 10.00% return. Over the past 10 years, YCL has underperformed DXJ with an annualized return of -11.45%, while DXJ has yielded a comparatively higher 17.25% annualized return.
YCL
- 1D
- 1.08%
- 1M
- -3.33%
- YTD
- -3.59%
- 6M
- -15.53%
- 1Y
- -16.05%
- 3Y*
- -17.74%
- 5Y*
- -18.74%
- 10Y*
- -11.45%
DXJ
- 1D
- 2.59%
- 1M
- -6.49%
- YTD
- 10.00%
- 6M
- 24.19%
- 1Y
- 46.21%
- 3Y*
- 34.37%
- 5Y*
- 24.33%
- 10Y*
- 17.25%
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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.
Return for Risk
YCL vs. DXJ — Risk / Return Rank
YCL
DXJ
YCL vs. DXJ - Risk-Adjusted Trends 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.
| YCL | DXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.80 | 2.04 | -2.84 |
Sortino ratioReturn per unit of downside risk | -1.09 | 2.67 | -3.76 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.41 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 3.46 | -4.04 |
Martin ratioReturn relative to average drawdown | -0.96 | 13.69 | -14.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YCL | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 2.04 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.92 | 1.29 | -2.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.61 | 0.84 | -1.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.41 | -0.91 |
Correlation
The correlation between YCL and DXJ is -0.38. 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.
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 1.18%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.18% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
Drawdowns
YCL vs. DXJ - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.10%, 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.
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Drawdown Indicators
| YCL | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.10% | -49.63% | -38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.44% | -12.65% | -14.79% |
Max Drawdown (5Y)Largest decline over 5 years | -66.93% | -22.19% | -44.74% |
Max Drawdown (10Y)Largest decline over 10 years | -76.61% | -39.14% | -37.47% |
Current DrawdownCurrent decline from peak | -87.87% | -6.79% | -81.08% |
Average DrawdownAverage peak-to-trough decline | -52.76% | -14.44% | -38.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.82% | 3.31% | +13.51% |
Volatility
YCL vs. DXJ - Volatility Comparison
The current volatility for ProShares Ultra Yen (YCL) is 4.83%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 7.80%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCL | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 7.80% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 13.70% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 22.77% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 18.91% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 20.50% | -1.65% |