YCL vs. GLD
Compare and contrast key facts about ProShares Ultra Yen (YCL) and SPDR Gold Trust (GLD).
YCL and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both YCL and GLD 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 GLD.
Key characteristics
| YCL | GLD | |
|---|---|---|
| YTD Return | -23.14% | 25.57% |
| 1Y Return | -12.25% | 32.98% |
| 3Y Return (Ann) | -24.25% | 11.27% |
| 5Y Return (Ann) | -17.89% | 11.66% |
| 10Y Return (Ann) | -10.62% | 7.71% |
| Sharpe Ratio | -0.56 | 2.29 |
| Sortino Ratio | -0.73 | 3.03 |
| Omega Ratio | 0.92 | 1.40 |
| Calmar Ratio | -0.14 | 4.89 |
| Martin Ratio | -0.80 | 14.85 |
| Ulcer Index | 15.72% | 2.27% |
| Daily Std Dev | 22.35% | 14.75% |
| Max Drawdown | -86.75% | -45.56% |
| Current Drawdown | -86.05% | -6.78% |
Correlation
The correlation between YCL and GLD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
YCL vs. GLD - Performance Comparison
In the year-to-date period, YCL achieves a -23.14% return, which is significantly lower than GLD's 25.57% return. Over the past 10 years, YCL has underperformed GLD with an annualized return of -10.62%, while GLD has yielded a comparatively higher 7.71% 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. GLD - Expense Ratio Comparison
YCL has a 0.95% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
YCL vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
Neither YCL nor GLD has paid dividends to shareholders.
Drawdowns
YCL vs. GLD - Drawdown Comparison
The maximum YCL drawdown since its inception was -86.75%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for YCL and GLD. For additional features, visit the drawdowns tool.
Volatility
YCL vs. GLD - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 6.82% compared to SPDR Gold Trust (GLD) at 5.42%. This indicates that YCL's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.