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 Low Volatility fund actively managed by Vanguard. YCL is passively managed, while VFMV is actively managed. Over the past 5 years, YCL returned -19.30%/yr vs 9.39%/yr for VFMV. Their -0.02 correlation means they have often moved in opposite directions in the past. 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 -5.82% return, which is significantly lower than VFMV's 11.10% return.
YCL
- 1D
- 0.22%
- 1M
- 1.24%
- 6M
- -7.85%
- YTD
- -5.82%
- 1Y
- -18.77%
- 3Y*
- -13.30%
- 5Y*
- -19.30%
- 10Y*
- -13.42%
- ALL TIME*
- -9.77%
VFMV
- 1D
- 0.45%
- 1M
- 2.10%
- 6M
- 7.34%
- YTD
- 11.10%
- 1Y
- 16.07%
- 3Y*
- 14.38%
- 5Y*
- 9.39%
- 10Y*
- —
- ALL TIME*
- 10.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.77M | $2.11M | $2.29M | |
| $965.32K | $858.06K | $714.31K |
YCL vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
YCL ProShares Ultra Yen | -5.82% | -6.34% | -25.97% | -20.46% | -26.92% | -20.94% | 7.16% | -2.99% | -9.01% |
VFMV Vanguard U.S. Minimum Volatility ETF | 11.10% | 10.52% | 16.91% | 8.86% | -5.73% | 20.75% | -0.19% | 27.26% | -0.34% |
Correlation
The correlation between YCL and VFMV is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | -0.02 |
The correlation between YCL and VFMV shifts across timeframes, from -0.02 (all time) to 0.17 (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.
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 | VFMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.95 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.31 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.61 | -3.26 |
| Martin ratioReturn relative to average drawdown | -1.03 | 10.07 | -11.10 |
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Drawdowns
YCL vs. VFMV - Drawdown Comparison
The maximum YCL drawdown since its inception was -88.74%, 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 | -88.74% | -33.64% | -55.10% |
Max Drawdown (1Y)Largest decline over 1 year | -23.28% | -6.00% | -17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -39.44% | -10.35% | -29.09% |
Max Drawdown (5Y)Largest decline over 5 years | -67.75% | -15.41% | -52.34% |
Max Drawdown (10Y)Largest decline over 10 years | -77.87% | — | — |
Current DrawdownCurrent decline from peak | -88.15% | -1.16% | -86.99% |
Average DrawdownAverage peak-to-trough decline | -53.42% | -3.59% | -49.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.60% | 1.56% | +13.04% |
Volatility
YCL vs. VFMV - Volatility Comparison
ProShares Ultra Yen (YCL) has a higher volatility of 5.60% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 2.73%. 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 | 5.60% | 2.73% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 6.57% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.66% | 8.96% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 11.76% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 14.16% | +4.04% |
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 1.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VFMV Vanguard U.S. Minimum Volatility ETF | 1.74% | 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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YCL has higher volatility (5.60%) compared to VFMV (2.73%). In terms of maximum drawdown, YCL dropped -88.74% vs VFMV's -33.64%.
On 5-year performance, VFMV leads with 9.39% vs -19.30% for YCL. On fees, VFMV is cheaper at 0.13% per year. On volatility, VFMV has been the lower-risk option at 2.73%. 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 9.39% return vs -19.30%. 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 1.74%, compared with 0.00% for YCL.
YCL is categorized as Leveraged Currency, while VFMV is Low Volatility. 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 (1.76 vs -0.91), 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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