YCS vs. LQQ.PA
YCS (ProShares UltraShort Yen) and LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) are both exchange-traded funds - YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%), while LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index. Both are passively managed. Over the past 3 years, YCS returned 18.92%/yr vs 45.59%/yr for LQQ.PA. At a correlation of -0.00, they often move in opposite directions. YCS charges 1.00%/yr vs 0.60%/yr for LQQ.PA.
Performance
YCS vs. LQQ.PA - Performance Comparison
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Different Trading Currencies
YCS is traded in USD, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, YCS achieves a 7.88% return, which is significantly lower than LQQ.PA's 38.52% return.
YCS
- 1D
- 0.26%
- 1M
- 2.50%
- YTD
- 7.88%
- 6M
- 10.26%
- 1Y
- 33.48%
- 3Y*
- 18.92%
- 5Y*
- 23.21%
- 10Y*
- 12.96%
LQQ.PA
- 1D
- 5.65%
- 1M
- 7.74%
- YTD
- 38.52%
- 6M
- 40.94%
- 1Y
- 81.81%
- 3Y*
- 45.59%
- 5Y*
- —
- 10Y*
- —
YCS vs. LQQ.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
YCS ProShares UltraShort Yen | 7.88% | 9.04% | 35.41% | 17.69% |
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage | 38.52% | 29.49% | 47.29% | 82.44% |
Correlation
The correlation between YCS and LQQ.PA is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | -0.00 |
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Return for Risk
YCS vs. LQQ.PA — Risk / Return Rank
YCS
LQQ.PA
YCS vs. LQQ.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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 | LQQ.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.53 | +0.52 |
| Martin ratioReturn relative to average drawdown | 12.65 | 11.73 | +0.92 |
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Drawdowns
YCS vs. LQQ.PA - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than LQQ.PA's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for YCS and LQQ.PA.
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Drawdown Indicators
| YCS | LQQ.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.56% | -42.34% | -7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -22.81% | +14.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.05% | -42.34% | +19.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.32% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.42% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -19.89% | -6.61% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 6.90% | -4.25% |
Volatility
YCS vs. LQQ.PA - Volatility Comparison
The current volatility for ProShares UltraShort Yen (YCS) is 2.18%, while Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a volatility of 12.75%. This indicates that YCS experiences smaller price fluctuations and is considered to be less risky than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCS | LQQ.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 12.75% | -10.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 25.30% | -13.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 32.54% | -15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 35.74% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 35.74% | -16.76% |
YCS vs. LQQ.PA - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.
Dividends
YCS vs. LQQ.PA - Dividend Comparison
Neither YCS nor LQQ.PA has paid dividends to shareholders.
Frequently Asked Questions
YCS and LQQ.PA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQQ.PA is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.
YCS is categorized as Leveraged Currency, while LQQ.PA is Nasdaq-100. YCS tracks USD/JPY Exchange Rate (-200%), while LQQ.PA tracks Nasdaq 100® Leverage (2x) index. They also come from different issuers: ProShares and Amundi. Their fees differ too: 1.00% for YCS and 0.60% for LQQ.PA.
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