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ETFs

ProShares UltraShort Yen

YCS
$--
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)
$1,344,039
AUM
$21,547,758
Associated Index
JPY/USD Exchange Rate
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
200.04%
n/a
Net Other Assets (Liabilities)
100.00%
n/a
YEN/US DOLLAR FORWARD - GOLDMAN SACHS
-93.98%
n/a
YEN/US DOLLAR FORWARD - UBS
-106.05%
Invest with YCS

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 USDU, UUP, GLL

YCS
ProShares Trust - ProShares UltraShort Yen -2x Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
TYO
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bear -3X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares

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

#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 YCS using Composer

FAQ

YCS is a Global Ex. US Currency ETF. 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.

YCS tracks the JPY/USD Exchange Rate.

No, YCS 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, YCS 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 YCS is -0.051%. This is the percent change in the value of YCS over the most recent 1-month period. The 3-month return on YCS is -0.0026%. This is the percent change in the value of YCS over the most recent 3-month period.

The standard deviation of YCS for the past year is 0.2649%. 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 YCS include YCL, SDS, and SH.

ETFs correlated to YCS include USDU, UUP, and GLL.

ETFs that are inversely correlated to YCS include FXY, UNIY, and BWX.

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

Yes, YCS is a Inverse (-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.