YCL vs. VFMV
YCL (ProShares Ultra Yen) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both exchange-traded funds - YCL is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while VFMV is a Mid Cap Blend Equities fund actively managed by Vanguard. YCL is passively managed, while VFMV is actively managed. Over the past 5 years, YCL returned -19.42%/yr vs 9.82%/yr for VFMV. At a correlation of -0.02, they often move in opposite directions. YCL charges 0.95%/yr vs 0.13%/yr for VFMV.
Performance
YCL vs. VFMV - Performance Comparison
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Returns By Period
In the year-to-date period, YCL achieves a -5.93% return, which is significantly lower than VFMV's 8.53% return.
YCL
- 1D
- -0.11%
- 1M
- -4.01%
- YTD
- -5.93%
- 6M
- -8.29%
- 1Y
- -23.60%
- 3Y*
- -15.11%
- 5Y*
- -19.42%
- 10Y*
- -12.52%
VFMV
- 1D
- -0.14%
- 1M
- 1.30%
- YTD
- 8.53%
- 6M
- 8.37%
- 1Y
- 13.05%
- 3Y*
- 14.70%
- 5Y*
- 9.82%
- 10Y*
- —
YCL vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -5.93% | -6.34% | -25.97% | -20.46% | -26.92% | -20.94% | 7.16% | -2.99% | -10.56% |
VFMV Vanguard U.S. Minimum Volatility ETF | 8.53% | 10.52% | 16.91% | 8.86% | -5.73% | 20.75% | -0.19% | 27.26% | -1.10% |
Correlation
The correlation between YCL and VFMV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018 | -0.02 |
The correlation between YCL and VFMV shifts across timeframes, from -0.02 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
YCL vs. VFMV — Risk / Return Rank
YCL
VFMV
YCL vs. VFMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Yen (YCL) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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 | VFMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.26 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.18 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.41 | 8.57 | -9.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YCL | VFMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.42 | 1.49 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.95 | 0.84 | -1.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.69 | -1.20 |
Drawdowns
YCL vs. VFMV - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.16%, which is greater than VFMV's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for YCL and VFMV.
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Drawdown Indicators
| YCL | VFMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.16% | -33.64% | -54.52% |
Max Drawdown (1Y)Largest decline over 1 year | -24.63% | -6.00% | -18.63% |
Max Drawdown (3Y)Largest decline over 3 years | -39.97% | -10.35% | -29.62% |
Max Drawdown (5Y)Largest decline over 5 years | -66.22% | -15.41% | -50.81% |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | — | — |
Current DrawdownCurrent decline from peak | -88.16% | -1.02% | -87.14% |
Average DrawdownAverage peak-to-trough decline | -53.11% | -3.64% | -49.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 1.53% | +15.28% |
Volatility
YCL vs. VFMV - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 2.71% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 2.09%. This indicates that YCL's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCL | VFMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 2.09% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 6.30% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 8.80% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.52% | 11.75% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 14.25% | +4.36% |
YCL vs. VFMV - Expense Ratio Comparison
YCL has a 0.95% expense ratio, which is higher than VFMV's 0.13% expense ratio.
Dividends
YCL vs. VFMV - Dividend Comparison
YCL has not paid dividends to shareholders, while VFMV's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VFMV Vanguard U.S. Minimum Volatility ETF | 1.93% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% |
YCL ProShares Ultra Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YCL and VFMV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCL has higher volatility (2.71%) compared to VFMV (2.09%). In terms of maximum drawdown, YCL dropped -88.16% vs VFMV's -33.64%.
On 5-year performance, VFMV leads with 9.82% vs -19.42% for YCL. On fees, VFMV is cheaper at 0.13% per year. On volatility, VFMV has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VFMV has performed better with a 9.82% return vs -19.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VFMV is cheaper with a 0.13% expense ratio, compared with 0.95% for YCL.
VFMV has the higher dividend yield at 1.93%, compared with 0.00% for YCL.
YCL is categorized as Leveraged Currency, while VFMV is Mid Cap Blend Equities. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for YCL and 0.13% for VFMV.
VFMV currently has the higher Sharpe Ratio (1.49 vs -1.42), 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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