ProShares UltraShort Yen (YCS) — Stock Correlations & Overview
Over the past year, YCS has moved most closely with UUP, EUO, USDU. Explore the stocks most correlated and inversely correlated with YCS below, along with its price, financials, and company profile.
Stocks correlated with YCS
Correlation of daily returns. Higher positive values move with YCS; negative values move opposite it. Informational only, not investment advice.
Most correlated with YCS
| Symbol | Company | Correlation |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.61 |
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | 0.57 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | 0.47 |
| EPV | ProShares UltraShort FTSE Europe | 0.42 |
| EFU | ProShares Trust UltraShort MSCI EAFE | 0.40 |
Most inversely correlated with YCS
| Symbol | Company | Correlation |
|---|---|---|
| FXY | Invesco CurrencyShares Japanese Yen TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.96 |
| YCL | ProShares Ultra YenCOMMODITY CONTRACTS BROKERS & DEALERS | -0.96 |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | -0.70 |
| IGOV | iShares International Treasury Bond ETF | -0.68 |
| BWZ | State Street SPDR Bloomberg Short Term International Treasury Bond ETF | -0.68 |
Frequently asked questions about YCS correlations
- Which stocks are most correlated with YCS?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Yen (YCS) are UUP (0.61), EUO (0.57) and USDU (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with YCS?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Yen (YCS) are FXY (-0.96), YCL (-0.96) and BWX (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these YCS correlations calculated?
- We compute the correlation of daily returns between YCS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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