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ETFs

ProShares Ultra Yen

YCL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 24 2008
Expense Ratio
0.95%
Type
Global Ex. US Currency
Fund Owner
ProShares
Volume (1m avg. daily)
$286,168
AUM
$10,435,081
Associated Index
JPY/USD Exchange Rate
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
YEN/US DOLLAR FORWARD - GOLDMAN SACHS
104.23%
n/a
Net Other Assets (Liabilities)
100.00%
n/a
YEN/US DOLLAR FORWARD - UBS
95.02%
n/a
Derivatives offset
-199.24%
Invest with YCL

What is YCL?

ProShares Ultra Yen seeks daily investment results before fees and expenses that correspond to twice (200%) the U.S. Dollar price of the Yen.

ETFs related toYCL

ETFs correlated to YCL include FXY, BWZ, BWX

YCL
ProShares Trust - ProShares Ultra Yen 2x Shares
FXY
Rydex Investments - Invesco CurrencyShares Japanese Yen Trust
BWZ
SPDR Series Trust - SPDR Bloomberg Short Term International Treasury Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
ISHG
BlackRock Institutional Trust Company N.A. - iShares -3 Year International Treasury Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toYCL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with YCL using Composer

FAQ

YCL is a Global Ex. US Currency ETF. ProShares Ultra Yen seeks daily investment results before fees and expenses that correspond to twice (200%) the U.S. Dollar price of the Yen.

YCL tracks the JPY/USD Exchange Rate.

No, YCL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, YCL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on YCL is -0.0756%. This is the percent change in the value of YCL over the most recent 1-month period. The 3-month return on YCL is -0.0783%. This is the percent change in the value of YCL over the most recent 3-month period.

The standard deviation of YCL for the past year is 0.2596%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to YCL include ULE, EUO, and UDN.

ETFs correlated to YCL include FXY, BWZ, and BWX.

ETFs that are inversely correlated to YCL include YCS, BSVO, and UUP.

Yes, YCL is a Leveraged (2x) ETF: This means that YCL will try to match the performance of JPY/USD Exchange Rate, but with 2x the returns.

Yes, YCL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of JPY/USD Exchange Rate, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.