YCS vs. UUP
Compare and contrast key facts about ProShares UltraShort Yen (YCS) and Invesco DB US Dollar Index Bullish Fund (UUP).
YCS and UUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YCS is a passively managed fund by ProShares that tracks the performance of the USD/JPY Exchange Rate (-200%). It was launched on Nov 25, 2008. UUP is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Long US Dollar Index (USDX) Futures Index. It was launched on Feb 20, 2007. Both YCS and UUP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YCS or UUP.
Key characteristics
| YCS | UUP | |
|---|---|---|
| YTD Return | 22.78% | 6.05% |
| 1Y Return | 44.75% | 10.46% |
| 3Y Return (Ann) | 31.01% | 8.02% |
| 5Y Return (Ann) | 17.01% | 3.76% |
| 10Y Return (Ann) | 9.88% | 4.12% |
| Sharpe Ratio | 2.22 | 1.54 |
| Daily Std Dev | 18.76% | 6.39% |
| Max Drawdown | -49.56% | -22.19% |
| Current Drawdown | -6.01% | -0.86% |
Correlation
The correlation between YCS and UUP is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
YCS vs. UUP - Performance Comparison
In the year-to-date period, YCS achieves a 22.78% return, which is significantly higher than UUP's 6.05% return. Over the past 10 years, YCS has outperformed UUP with an annualized return of 9.88%, while UUP has yielded a comparatively lower 4.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YCS vs. UUP - Expense Ratio Comparison
YCS has a 1.00% expense ratio, which is higher than UUP's 0.75% expense ratio.
Risk-Adjusted Performance
YCS vs. UUP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Yen (YCS) and Invesco DB US Dollar Index Bullish Fund (UUP). 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.
Dividends
YCS vs. UUP - Dividend Comparison
YCS has not paid dividends to shareholders, while UUP's dividend yield for the trailing twelve months is around 6.08%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 6.08% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Drawdowns
YCS vs. UUP - Drawdown Comparison
The maximum YCS drawdown since its inception was -49.56%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for YCS and UUP. For additional features, visit the drawdowns tool.
Volatility
YCS vs. UUP - Volatility Comparison
ProShares UltraShort Yen (YCS) has a higher volatility of 7.87% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.89%. This indicates that YCS's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.