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UYG vs YCL

ProShares Ultra Financials

UYGANYSE Arca

ProShares Ultra Yen

YCLBNYSE Arca

Overlap

Expense ratio

UYG −0.02pt a year

UYG0.93%YCL0.95%

Avg volume · 30D

YCL 1.9×the volume

UYG17.3KYCL33K

10Y return · a year

UYG +29.5pt

UYG+17.0%YCL−12.5%

UYG vs YCL Performance

Oct 29, 2021 – Oct 30, 2026

+56.5%UYG−62.5%YCL

Oct 29, 2021 to Oct 30, 2026. UYG +56.5%. YCL −62.5%. Use the arrow keys to read each point.−25%0%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
UYG 0.93%, better
YCL 0.95%
Fund size
UYG $777M
YCL $29M
1Y total return
UYG +11.5%, better
YCL −8.6%
Yield (12M)
UYG 11.13%
YCL No data
Holdings
UYG 83
YCL 1
Avg volume (30D)
UYG 17.3K sh
YCL 33K sh, better
NAV per share
UYG $93.27
YCL $18.22
52W range

ETF.net Grade

UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80. YCL: Cost 51, Risk 57, Mission not scored, Tradability 61, Holdings not scored, Durability 69.
Pillar letters and Scores for UYG, YCL, with each pillar’s weight
PillarUYGYCL
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightA76HigherB57
Tradability15% weightA78HigherB61
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB69

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UYG and YCL are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

UYG ranks 2nd and YCL 20th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 20BUPWProShares Ultra UtilitiesScore 55
  5. Rank 20BYCLProShares Ultra YenScore 55
  6. Rank 22CMAGXRoundhill Daily 2X Long Magnificent Seven ETFScore 54

Our read on each fund

ETF.net Research

UYGAProShares Ultra Financials

YCLBProShares Ultra Yen

In short

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

YCL The only US ETF built to double the yen's daily move against the dollar. A one-day macro tool wrapped as a commodity pool, on the shelf since 2008 for traders with a view on dollar-yen.

Stated mandate

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

YCL YCL seeks daily investment results, before fees and expenses, equal to two times the daily performance of the Japanese yen against the U.S. dollar.

Why people hold it

  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.
  • YCL One of a kind: ProShares states no other ETF targets 2x the daily performance of the yen versus the dollar. The alternative route is futures, forwards or a margin account.proshares.com
  • 0.95% a year sits under the typical fee for leveraged funds, and the fund has been running since 2008, through multiple dollar-yen regimes.
  • The mechanism is plain: two times the yen's daily move against the dollar, reset each day, traded through one ticker in an ordinary brokerage account.proshares.com

Worth knowing

  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.
  • YCL Daily reset compounds. Over any stretch longer than a day, results can land well away from 2x the yen's move, and choppy currency markets widen that gap.proshares.com
  • Structured as a commodity pool under ProShares Trust II, so it sends a Schedule K-1 at tax time rather than a 1099.proshares.com
  • Trading is light next to the big equity-index leveraged funds like UDOW and QLD, which can show up as wider spreads around the quote.

Full UYG profile⁠

Full YCL profile⁠

UYG vs YCL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

UYG vs YCL Cost

Overpaying YCL vs UYG

$330

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UYG 0.93%

    $17,539

  • YCL 0.95%

    $17,869

$10,000
30 years

Cost over time

  • UYG 0.93%
  • YCL 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530YCL $17,869UYG $17,539

Year by year

YearUYGYCLOverpaying
10$1,644$1,678$34
20$6,199$6,322$123
30$17,539$17,869$330

Expense ratio

  • 0.93%UYG, cheaper
  • 0.95%YCL
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

YCL 32nd cheapest of 95 funds

UYG vs YCL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UYG 11.13%
YCL No data
Payout (12M)
UYG $10.38
YCL None
Last payment
UYG $0.09
YCL No data
Ex-dividend
UYG Sep 23, 2026
YCL No data
Paid on
UYG Sep 29, 2026
YCL No data
Frequency
UYG Quarterly
YCL No data

Distribution history

Per share, 2017 to 2026, same scale for both

UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD
YCLAll YCL payments⁠

No distribution history available.

UYG vs YCL Risk

Fall from peak · 5 years

  • UYG
  • YCL
Oct 29, 2021 to Oct 30, 2026. Worst fall: YCL −65.4% · Jul 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UYG 30.5%YCL 19.7%, better
Return per unit of riskSharpe ratio, 3 years
UYG 1.04, betterYCL −0.61
Worst fallMax drawdown, 5 years
UYG −47.8%, betterYCL −65.4%
Market sensitivityBeta, 5 years
UYG 1.58YCL 0.38

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