YCS vs. AMDG

Last updated Jun 23, 2026

YCS (ProShares UltraShort Yen) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while AMDG is a Leveraged Equities fund actively managed by Leverage Shares. YCS is passively managed, while AMDG is actively managed. Over the past year, YCS returned 31.36% vs 966.90% for AMDG. At a 0.09 correlation, their price movements are largely independent. YCS charges 1.00%/yr vs 0.75%/yr for AMDG.

Performance

YCS vs. AMDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Yen (YCS) and Leverage Shares 2X Long AMD Daily ETF (AMDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YCS achieves a 9.78% return, which is significantly lower than AMDG's 384.47% return.

YCS

• 1D: 0.40%
• 1M: 3.71%
• YTD: 9.78%
• 6M: 9.63%
• 1Y: 31.36%
• 3Y*: 18.43%
• 5Y*: 23.50%
• 10Y*: 13.63%

AMDG

• 1D: 4.82%
• 1M: 30.80%
• YTD: 384.47%
• 6M: 379.60%
• 1Y: 966.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YCS vs. AMDG - Yearly Performance Comparison

	2026 (YTD)	2025
YCS ProShares UltraShort Yen	9.78%	8.07%
AMDG Leverage Shares 2X Long AMD Daily ETF	384.47%	95.49%

Correlation

The correlation between YCS and AMDG is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.09

The correlation between YCS and AMDG shifts across timeframes, from -0.01 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

YCS vs. AMDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

AMDG

AMDG Risk / Return Rank: 95
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 92
AMDG Omega Ratio Rank: 91
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YCS vs. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.

	YCS	AMDG	Difference
Sharpe ratio: Return per unit of total volatility	1.86	7.29	-5.43
Sortino ratio: Return per unit of downside risk	2.37	4.26	-1.90
Omega ratio: Gain probability vs. loss probability	1.35	1.57	-0.22
Calmar ratio: Return relative to maximum drawdown	3.79	17.30	-13.50
Martin ratio: Return relative to average drawdown	11.86	33.56	-21.71

YCS vs. AMDG - Sharpe Ratio Comparison

The current YCS Sharpe Ratio is 1.86, which is lower than the AMDG Sharpe Ratio of 7.29. The chart below compares the historical Sharpe Ratios of YCS and AMDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YCS vs. AMDG - Drawdown Comparison

The maximum YCS drawdown since its inception was -49.56%, smaller than the maximum AMDG drawdown of -63.32%. Use the drawdown chart below to compare losses from any high point for YCS and AMDG.

Drawdown Indicators

	YCS	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-49.56%	-63.32%	+13.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-56.48%	+48.18%
Max Drawdown (3Y) Largest decline over 3 years	-23.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.32%	—	—
Current Drawdown Current decline from peak	0.00%	-1.34%	+1.34%
Average Drawdown Average peak-to-trough decline	-19.88%	-25.43%	+5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	29.05%	-26.40%

Volatility

YCS vs. AMDG - Volatility Comparison

The current volatility for ProShares UltraShort Yen (YCS) is 2.22%, while Leverage Shares 2X Long AMD Daily ETF (AMDG) has a volatility of 46.43%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than AMDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCS	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	46.43%	-44.21%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	101.85%	-89.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	134.21%	-117.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	132.22%	-111.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	132.22%	-113.26%

YCS vs. AMDG - Expense Ratio Comparison

YCS has a 1.00% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

YCS vs. AMDG - Dividend Comparison

YCS has not paid dividends to shareholders, while AMDG's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.31%	11.21%
YCS ProShares UltraShort Yen	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCS and AMDG in my portfolio?

YCS and AMDG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YCS or AMDG?

AMDG has higher volatility (46.43%) compared to YCS (2.22%). In terms of maximum drawdown, YCS dropped -49.56% vs AMDG's -63.32%.

Which ETF is better, YCS or AMDG?

On 1-year performance, AMDG leads with 966.90% vs 31.36% for YCS. On fees, AMDG is cheaper at 0.75% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YCS or AMDG?

Over the 1-year period, AMDG has performed better with a 966.90% return vs 31.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YCS or AMDG?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.

Which ETF pays a higher dividend yield, YCS or AMDG?

AMDG has the higher dividend yield at 2.31%, compared with 0.00% for YCS.

What is the main difference between YCS and AMDG?

YCS is categorized as Leveraged Currency, while AMDG is Leveraged Equities. They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 1.00% for YCS and 0.75% for AMDG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (7.29 vs 1.86), 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.