YCL vs. OXLCN
YCL (ProShares Ultra Yen) is Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while OXLCN (Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock) is a stock. Over the past 3 years, YCL returned -16.23%/yr vs 10.05%/yr for OXLCN. At a correlation of -0.01, they often move in opposite directions.
Performance
YCL vs. OXLCN - Performance Comparison
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Returns By Period
In the year-to-date period, YCL achieves a -8.97% return, which is significantly lower than OXLCN's 6.03% return.
YCL
- 1D
- -0.88%
- 1M
- -2.80%
- 6M
- -7.23%
- YTD
- -8.97%
- 1Y
- -21.77%
- 3Y*
- -16.23%
- 5Y*
- -19.78%
- 10Y*
- -12.94%
OXLCN
- 1D
- 0.57%
- 1M
- 0.26%
- 6M
- 5.21%
- YTD
- 6.03%
- 1Y
- 10.30%
- 3Y*
- 10.05%
- 5Y*
- —
- 10Y*
- —
YCL vs. OXLCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -8.97% | -6.34% | -25.97% | -20.46% | 1.76% |
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 6.03% | 7.77% | 12.69% | 10.55% | -3.37% |
Correlation
The correlation between YCL and OXLCN is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.01 |
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Return for Risk
YCL vs. OXLCN — Risk / Return Rank
YCL
OXLCN
YCL vs. OXLCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN). 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 | OXLCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.31 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 5.00 | -5.96 |
| Martin ratioReturn relative to average drawdown | -1.53 | 13.50 | -15.03 |
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Drawdowns
YCL vs. OXLCN - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.56%, which is greater than OXLCN's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for YCL and OXLCN.
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Drawdown Indicators
| YCL | OXLCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.56% | -12.23% | -76.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.69% | -2.07% | -20.62% |
Max Drawdown (3Y)Largest decline over 3 years | -41.33% | -4.58% | -36.75% |
Max Drawdown (5Y)Largest decline over 5 years | -67.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.51% | — | — |
Current DrawdownCurrent decline from peak | -88.54% | -0.40% | -88.14% |
Average DrawdownAverage peak-to-trough decline | -53.31% | -1.62% | -51.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.25% | 0.76% | +13.49% |
Volatility
YCL vs. OXLCN - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 3.15% compared to Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) at 2.92%. This indicates that YCL's price experiences larger fluctuations and is considered to be riskier than OXLCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCL | OXLCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.92% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 6.30% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.30% | 7.05% | +9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 9.87% | +10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 9.87% | +8.45% |
Dividends
YCL vs. OXLCN - Dividend Comparison
YCL has not paid dividends to shareholders, while OXLCN's dividend yield for the trailing twelve months is around 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 7.17% | 7.33% | 7.34% | 7.68% | 4.21% |
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YCL and OXLCN have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCL has higher volatility (3.15%) compared to OXLCN (2.92%). In terms of maximum drawdown, YCL dropped -88.56% vs OXLCN's -12.23%.
OXLCN currently has the higher Sharpe Ratio (1.47 vs -1.34), 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.
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