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ISIN
US46138W1071
CUSIP
46138W107
Issuer
Invesco
Inception Date
Feb 12, 2007
Region
Developed Asia Pacific (Japan)
Category
Currency
Leveraged
1x (No leverage)
Index Tracked
Japanese Yen
Distribution Policy
Accumulating
Asset Class
Currency
Assets Under Management
$438M

Share Price Chart


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Performance

FXY Performance Chart

Invesco CurrencyShares® Japanese Yen Trust (FXY) is down 2.4% since the beginning of the year. FXY is currently trading at $57 per share. Investors who bought $1,000 worth of FXY shares 5 years ago would now be looking at an investment worth $667.


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S&P 500 Index

Returns By Period

Invesco CurrencyShares® Japanese Yen Trust (FXY) has returned -2.37% so far this year and -10.01% over the past 12 months. Over the last ten years, FXY has returned -4.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.45% annually.


Invesco CurrencyShares® Japanese Yen Trust

1D
-0.05%
1M
-2.25%
YTD
-2.37%
6M
-2.90%
1Y
-10.01%
3Y*
-4.94%
5Y*
-7.79%
10Y*
-4.48%

Benchmark (S&P 500 Index)

1D
0.30%
1M
0.09%
YTD
8.18%
6M
8.17%
1Y
23.42%
3Y*
19.88%
5Y*
11.91%
10Y*
13.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FXY Monthly Returns History

Based on dividend-adjusted daily data since Feb 13, 2007, FXY's average daily return is -0.01%, while the average monthly return is -0.12%.

Historically, 50% of months were positive and 50% were negative. The best month was Oct 2008 with a return of +7.6%, while the worst month was Nov 2016 at -8.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.

On a daily basis, FXY closed higher 47% of trading days. The best single day was Dec 20, 2022 with a return of +4.1%, while the worst single day was Oct 30, 2014 at -5.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.28%-0.99%-1.61%1.30%-1.72%-0.59%-2.37%
20251.45%3.11%0.29%4.94%-0.79%-0.14%-4.47%2.54%-0.67%-4.10%-1.24%-0.42%0.09%
2024-4.22%-1.98%-0.89%-4.13%0.24%-2.23%7.22%2.59%1.61%-5.46%1.50%-4.99%-10.93%
20230.79%-4.47%2.45%-2.54%-2.25%-3.40%1.16%-2.10%-2.71%-1.46%2.19%5.09%-7.44%
2022-0.06%0.15%-5.67%-6.20%0.76%-5.15%1.73%-4.09%-4.00%-2.79%7.55%5.26%-12.75%
2021-1.51%-1.75%-3.77%1.22%-0.51%-1.20%1.25%-0.33%-1.22%-2.37%0.78%-1.94%-10.90%

Benchmark Metrics

Invesco CurrencyShares® Japanese Yen Trust has an annualized alpha of 0.31%, beta of -0.16, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since February 13, 2007.

  • This ETF tended to rise when S&P 500 Index fell (downside capture of -8.44%), but participation in market rallies was also limited (-9.37%) - a profile typical of counter-cyclical assets.
  • Beta of -0.16 may look defensive, but with R2 of 0.10 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
0.31%
Beta
-0.16
0.10
Upside Capture
-9.37%
Downside Capture
-8.44%

Expense Ratio

FXY has an expense ratio of 0.40%, placing it in the medium range.


Return for Risk

Risk / Return Rank

FXY ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


FXY Risk / Return Rank: 11
Overall Rank
FXY Sharpe Ratio Rank: 00
Sharpe Ratio Rank
FXY Sortino Ratio Rank: 11
Sortino Ratio Rank
FXY Omega Ratio Rank: 11
Omega Ratio Rank
FXY Calmar Ratio Rank: 11
Calmar Ratio Rank
FXY Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) and compare them to S&P 500 Index.


FXYBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-3.15

Sortino ratioReturn per unit of downside risk

-4.42

Omega ratioGain probability vs. loss probability

0.81

1.35

-0.55

Calmar ratioReturn relative to maximum drawdown

-0.94

2.59

-3.52

Martin ratioReturn relative to average drawdown

-1.39

11.84

-13.24

Dividends

Dividend History


Invesco CurrencyShares® Japanese Yen Trust doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco CurrencyShares® Japanese Yen Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco CurrencyShares® Japanese Yen Trust was 56.03%, occurring on Jul 10, 2024. The portfolio has not yet recovered.

The current Invesco CurrencyShares® Japanese Yen Trust drawdown is 55.97%.


Related event

Drawdown

Fall

Recovery

Underwater

2024 bear market2024
-56.03%Jul 2024
12y 8mo
14y 7moOct 2011 - now
Financial crisis2007–2009
-13.65%Apr 2009
3mo 19d7mo 25d
11mo 14dDec 2008 - Nov 2009
Financial crisis2007–2009
-12.05%Aug 2008
5mo2mo 9d
7mo 9dMar 2008 - Oct 2008
2010 pullback2010
-8.76%May 2010
5mo 3d3mo 2d
8mo 5dDec 2009 - Aug 2010
2011 pullback2011
-7.63%Apr 2011
19d3mo 15d
4mo 4dMar 2011 - Jul 2011

Drawdown Indicators


FXYBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-56.03%

-56.78%

+0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-10.74%

-9.10%

-1.64%

Max Drawdown (3Y)

Largest decline over 3 years

-15.12%

-18.90%

+3.78%

Max Drawdown (5Y)

Largest decline over 5 years

-33.72%

-25.43%

-8.29%

Max Drawdown (10Y)

Largest decline over 10 years

-40.84%

-33.92%

-6.92%

Current Drawdown

Current decline from peak

-55.97%

-2.68%

-53.29%

Average Drawdown

Average peak-to-trough decline

-27.75%

-10.72%

-17.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.21%

1.98%

+5.23%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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