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Beacon

YCLProShares Ultra Yen

Take a bet17y track recordRanked #291 of 949 in this goal

Seeks daily investment results equal to two times (2x) the daily performance of the price of the Japanese yen versus the U.S. dollar.

By ProShares · Launched 2008

Annual Cost

0.98%

#5,063 of 5,854 · expensive

Fund Size

$31M

#4,124 of 5,854 · small

Return (1Y)Goal

-16.7%

Track Record

17 years

#623 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$7,659-23.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Currency

Strategy

Leveraged

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETFIQMM
35.3%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.7%Moderate

Year-on-year price swings

Max drawdown
-77.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.87Below average
Sortino (3Y)
-1.27Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results equal to two times (2x) the daily performance of the price of the Japanese yen versus the U.S. dollar.
Strategy
Provides 2x daily-reset leveraged exposure to the U.S. dollar price of the Japanese yen, a currency benchmark. Uses currency forward contracts, swap agreements, and options rather than holding the currency directly, with cash collateral in money market instruments and U.S. Treasuries. Not designed to achieve 2x the benchmark over periods longer than a single day due to daily compounding.
Inception date
November 24, 2008
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03