YCS vs. CWST
YCS (ProShares UltraShort Yen) is Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while CWST (Casella Waste Systems, Inc.) is a stock. Over the past 10 years, YCS returned 13.01%/yr vs 26.34%/yr for CWST. At a 0.08 correlation, their price movements are largely independent.
Performance
YCS vs. CWST - Performance Comparison
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Returns By Period
In the year-to-date period, YCS achieves a 11.53% return, which is significantly higher than CWST's -4.46% return. Over the past 10 years, YCS has underperformed CWST with an annualized return of 13.01%, while CWST has yielded a comparatively higher 26.34% annualized return.
YCS
- 1D
- 0.16%
- 1M
- 1.99%
- 6M
- 9.13%
- YTD
- 11.53%
- 1Y
- 28.09%
- 3Y*
- 19.82%
- 5Y*
- 24.23%
- 10Y*
- 13.01%
- ALL TIME*
- 6.68%
CWST
- 1D
- -2.23%
- 1M
- 7.58%
- 6M
- -11.85%
- YTD
- -4.46%
- 1Y
- -13.31%
- 3Y*
- 2.21%
- 5Y*
- 7.32%
- 10Y*
- 26.34%
- ALL TIME*
- 5.05%
YCS vs. CWST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 11.53% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
CWST Casella Waste Systems, Inc. | -4.46% | -7.44% | 23.81% | 7.75% | -7.15% | 37.89% | 34.59% | 61.57% | 23.76% | 85.50% |
Correlation
The correlation between YCS and CWST is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2008 | 0.08 |
The correlation between YCS and CWST shifts across timeframes, from -0.13 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YCS vs. CWST — Risk / Return Rank
YCS
CWST
YCS vs. CWST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Casella Waste Systems, Inc. (CWST). 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 | CWST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.96 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | -0.41 | +3.81 |
| Martin ratioReturn relative to average drawdown | 10.82 | -0.75 | +11.57 |
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Drawdowns
YCS vs. CWST - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, smaller than the maximum CWST drawdown of -98.52%. Use the drawdown chart below to compare losses from any high point for YCS and CWST.
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Drawdown Indicators
| YCS | CWST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -98.52% | +48.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -32.56% | +24.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -37.72% | +14.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -37.72% | +10.40% |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | -37.72% | +10.40% |
Current DrawdownCurrent decline from peak | 0.00% | -22.26% | +22.26% |
Average DrawdownAverage peak-to-trough decline | -19.79% | -52.91% | +33.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 17.80% | -15.18% |
Volatility
YCS vs. CWST - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 2.48%, while Casella Waste Systems, Inc. (CWST) has a volatility of 11.67%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than CWST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | CWST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 11.67% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 28.86% | -17.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 35.12% | -18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 27.64% | -6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 31.00% | -12.32% |
Dividends
YCS vs. CWST - Dividend Comparison
Neither YCS nor CWST has paid dividends to shareholders.
Frequently Asked Questions
YCS and CWST have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWST has higher volatility (11.67%) compared to YCS (2.48%). In terms of maximum drawdown, YCS dropped -49.56% vs CWST's -98.52%.
YCS currently has the higher Sharpe Ratio (1.72 vs -0.38), 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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