YCL vs. UPRO
Compare and contrast key facts about ProShares Ultra Yen (YCL) and ProShares UltraPro S&P 500 (UPRO).
YCL and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both YCL and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
YCL vs. UPRO - Performance Comparison
Loading graphics...
YCL vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -3.59% | -6.34% | -25.97% | -20.46% | -26.92% | -20.94% | 7.16% | -2.99% | 0.17% | 3.48% |
UPRO ProShares UltraPro S&P 500 | -16.03% | 31.88% | 63.57% | 68.53% | -56.84% | 98.64% | 10.09% | 102.30% | -25.11% | 71.37% |
Returns By Period
In the year-to-date period, YCL achieves a -3.59% return, which is significantly higher than UPRO's -16.03% return. Over the past 10 years, YCL has underperformed UPRO with an annualized return of -11.45%, while UPRO has yielded a comparatively higher 25.25% annualized return.
YCL
- 1D
- 1.08%
- 1M
- -3.33%
- YTD
- -3.59%
- 6M
- -15.53%
- 1Y
- -16.05%
- 3Y*
- -17.74%
- 5Y*
- -18.74%
- 10Y*
- -11.45%
UPRO
- 1D
- 8.61%
- 1M
- -15.71%
- YTD
- -16.03%
- 6M
- -12.57%
- 1Y
- 32.51%
- 3Y*
- 37.29%
- 5Y*
- 16.63%
- 10Y*
- 25.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
YCL vs. UPRO - Expense Ratio Comparison
YCL has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Return for Risk
YCL vs. UPRO — Risk / Return Rank
YCL
UPRO
YCL vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and ProShares UltraPro S&P 500 (UPRO). 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.
| YCL | UPRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.80 | 0.60 | -1.40 |
Sortino ratioReturn per unit of downside risk | -1.09 | 1.18 | -2.26 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.18 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.04 | -1.63 |
Martin ratioReturn relative to average drawdown | -0.96 | 4.18 | -5.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| YCL | UPRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 0.60 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.92 | 0.33 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.61 | 0.47 | -1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.59 | -1.10 |
Correlation
The correlation between YCL and UPRO is -0.17. 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.
Dividends
YCL vs. UPRO - Dividend Comparison
YCL has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 1.04%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 1.04% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
Drawdowns
YCL vs. UPRO - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.10%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for YCL and UPRO.
Loading graphics...
Drawdown Indicators
| YCL | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.10% | -76.82% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -27.44% | -33.38% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -66.93% | -63.94% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -76.61% | -76.82% | +0.21% |
Current DrawdownCurrent decline from peak | -87.87% | -20.48% | -67.39% |
Average DrawdownAverage peak-to-trough decline | -52.76% | -14.53% | -38.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.82% | 8.33% | +8.49% |
Volatility
YCL vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra Yen (YCL) is 4.83%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 15.89%. This indicates that YCL experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| YCL | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 15.89% | -11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 28.41% | -16.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 54.34% | -34.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 50.34% | -29.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 53.70% | -34.85% |