YCL vs. FXY
Compare and contrast key facts about ProShares Ultra Yen (YCL) and Invesco CurrencyShares® Japanese Yen Trust (FXY).
YCL and FXY 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. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. Both YCL and FXY 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 FXY.
Key characteristics
| YCL | FXY | |
|---|---|---|
| YTD Return | -17.86% | -8.24% |
| 1Y Return | -28.79% | -12.40% |
| 3Y Return (Ann) | -24.90% | -11.25% |
| 5Y Return (Ann) | -16.36% | -6.79% |
| 10Y Return (Ann) | -12.57% | -4.49% |
| Sharpe Ratio | -1.41 | -1.20 |
| Daily Std Dev | 19.21% | 9.51% |
| Max Drawdown | -85.91% | -54.92% |
| Current Drawdown | -85.09% | -53.58% |
Correlation
The correlation between YCL and FXY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YCL vs. FXY - Performance Comparison
In the year-to-date period, YCL achieves a -17.86% return, which is significantly lower than FXY's -8.24% return. Over the past 10 years, YCL has underperformed FXY with an annualized return of -12.57%, while FXY has yielded a comparatively higher -4.49% 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. FXY - Expense Ratio Comparison
YCL has a 0.95% expense ratio, which is higher than FXY's 0.40% expense ratio.
Risk-Adjusted Performance
YCL vs. FXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and Invesco CurrencyShares® Japanese Yen Trust (FXY). 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. FXY - Dividend Comparison
Neither YCL nor FXY has paid dividends to shareholders.
Drawdowns
YCL vs. FXY - Drawdown Comparison
The maximum YCL drawdown since its inception was -85.91%, which is greater than FXY's maximum drawdown of -54.92%. Use the drawdown chart below to compare losses from any high point for YCL and FXY. For additional features, visit the drawdowns tool.
Volatility
YCL vs. FXY - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 7.64% compared to Invesco CurrencyShares® Japanese Yen Trust (FXY) at 3.81%. This indicates that YCL's price experiences larger fluctuations and is considered to be riskier than FXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.