YCL vs. TTT
Compare and contrast key facts about ProShares Ultra Yen (YCL) and UltraPro Short 20+ Year Treasury (TTT).
YCL and TTT 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. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. Both YCL and TTT 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 TTT.
Key characteristics
| YCL | TTT | |
|---|---|---|
| YTD Return | -12.55% | 3.72% |
| 1Y Return | -9.83% | -7.47% |
| 3Y Return (Ann) | -22.78% | 31.47% |
| 5Y Return (Ann) | -16.53% | 6.49% |
| 10Y Return (Ann) | -11.34% | -10.35% |
| Sharpe Ratio | -0.42 | -0.17 |
| Daily Std Dev | 20.43% | 49.43% |
| Max Drawdown | -86.75% | -94.00% |
| Current Drawdown | -84.13% | -82.32% |
Correlation
The correlation between YCL and TTT is -0.42. 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.
Performance
YCL vs. TTT - Performance Comparison
In the year-to-date period, YCL achieves a -12.55% return, which is significantly lower than TTT's 3.72% return. Over the past 10 years, YCL has underperformed TTT with an annualized return of -11.34%, while TTT has yielded a comparatively higher -10.35% 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. TTT - Expense Ratio Comparison
Both YCL and TTT have an expense ratio of 0.95%.
Risk-Adjusted Performance
YCL vs. TTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and UltraPro Short 20+ Year Treasury (TTT). 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. TTT - Dividend Comparison
YCL has not paid dividends to shareholders, while TTT's dividend yield for the trailing twelve months is around 14.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TTT UltraPro Short 20+ Year Treasury | 14.26% | 15.39% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Drawdowns
YCL vs. TTT - Drawdown Comparison
The maximum YCL drawdown since its inception was -86.75%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for YCL and TTT. For additional features, visit the drawdowns tool.
Volatility
YCL vs. TTT - Volatility Comparison
The current volatility for ProShares Ultra Yen (YCL) is 9.02%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 14.47%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.