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 12.50%/yr vs 28.10%/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 7.60% return, which is significantly higher than CWST's -8.75% return. Over the past 10 years, YCS has underperformed CWST with an annualized return of 12.50%, while CWST has yielded a comparatively higher 28.10% annualized return.
YCS
- 1D
- 0.94%
- 1M
- 2.24%
- YTD
- 7.60%
- 6M
- 9.35%
- 1Y
- 33.14%
- 3Y*
- 19.77%
- 5Y*
- 23.58%
- 10Y*
- 12.50%
CWST
- 1D
- -0.43%
- 1M
- 4.92%
- YTD
- -8.75%
- 6M
- -9.77%
- 1Y
- -24.11%
- 3Y*
- 0.57%
- 5Y*
- 6.31%
- 10Y*
- 28.10%
YCS vs. CWST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 7.60% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
CWST Casella Waste Systems, Inc. | -8.75% | -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 -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
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 -0.15 (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 | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.89 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | -0.68 | +4.76 |
| Martin ratioReturn relative to average drawdown | 12.77 | -1.16 | +13.93 |
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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% | -36.37% | +28.07% |
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 | -0.53% | -25.75% | +25.22% |
Average DrawdownAverage peak-to-trough decline | -19.90% | -53.02% | +33.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 21.53% | -18.88% |
Volatility
YCS vs. CWST - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 2.26%, while Casella Waste Systems, Inc. (CWST) has a volatility of 9.81%. 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 | 2.26% | 9.81% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 27.30% | -15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.08% | 33.64% | -16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 27.27% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 30.91% | -11.90% |
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 -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWST has higher volatility (9.81%) compared to YCS (2.26%). In terms of maximum drawdown, YCS dropped -49.56% vs CWST's -98.52%.
YCS currently has the higher Sharpe Ratio (1.99 vs -0.73), 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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