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 -13.96%/yr vs 10.49%/yr for OXLCN. At a correlation of -0.00, 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 -7.56% return, which is significantly lower than OXLCN's 5.01% return.
YCL
- 1D
- 0.22%
- 1M
- -2.97%
- YTD
- -7.56%
- 6M
- -8.37%
- 1Y
- -22.14%
- 3Y*
- -13.96%
- 5Y*
- -19.30%
- 10Y*
- -13.37%
OXLCN
- 1D
- 0.16%
- 1M
- 0.03%
- YTD
- 5.01%
- 6M
- 4.58%
- 1Y
- 10.74%
- 3Y*
- 10.49%
- 5Y*
- —
- 10Y*
- —
YCL vs. OXLCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -7.56% | -6.34% | -25.97% | -20.46% | 1.76% |
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 5.01% | 7.77% | 12.69% | 10.55% | -3.37% |
Correlation
The correlation between YCL and OXLCN is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.00 |
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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 | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.33 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 5.22 | -6.11 |
| Martin ratioReturn relative to average drawdown | -1.35 | 14.88 | -16.24 |
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Drawdowns
YCL vs. OXLCN - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.39%, 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 | -88.39% | -12.23% | -76.16% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -2.07% | -22.67% |
Max Drawdown (3Y)Largest decline over 3 years | -41.14% | -4.58% | -36.56% |
Max Drawdown (5Y)Largest decline over 5 years | -66.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.19% | — | — |
Current DrawdownCurrent decline from peak | -88.37% | -1.36% | -87.01% |
Average DrawdownAverage peak-to-trough decline | -53.21% | -1.63% | -51.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.38% | 0.72% | +15.66% |
Volatility
YCL vs. OXLCN - Volatility Comparison
The current volatility for ProShares Ultra Yen (YCL) is 1.35%, while Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) has a volatility of 1.95%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky 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 | 1.35% | 1.95% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 5.76% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 6.85% | +9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 9.85% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 9.85% | +8.60% |
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 7.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OXLCN Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | 7.24% | 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 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLCN has higher volatility (1.95%) compared to YCL (1.35%). In terms of maximum drawdown, YCL dropped -88.39% vs OXLCN's -12.23%.
OXLCN currently has the higher Sharpe Ratio (1.60 vs -1.35), 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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