Snapshot*
Top 10 Holdings
What is YCS?
ProShares UltraShort Yen seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the U.S. Dollar price of the Yen.
ETFs related toYCS
ETFs correlated to YCS include UUP, USDU, GLL
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 toYCS
Diversify with Gold & the Dollar
The Not Boring: Rising Rates with Vol Switch
Create your own algorithmic trading strategy with YCS using Composer
News Related to YCS
US Companies In Japan Wary On Market Intervention As Yen Hits 34-Year Low Vs. Dollar
Mar 27, 2024 • by Neil Dennis
Dollar Dives Vs. Yen: BoJ Governor Signals End In Sight For Negative Interest Rates
Dec 7, 2023 • by Neil Dennis
Bloomberg: Donald Trump Deserves Credit For Japan's Improving Economic Outlook
Dec 21, 2016 • by BenzingaTime Warner, Financials And The Yen: Fast Money Picks For September 21
Sep 21, 2016 • by BenzingaFAQ
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.