Invesco CurrencyShares® Japanese Yen Trust (FXY) belongs to the Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXY
FXY charges 0.40% annually. No ETFs in the Currency category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Swiss Franc Trust | 0.40% | 397.69M | Jun 2006 | FXY vs FXF | |
| Invesco CurrencyShares® Euro Trust | 0.40% | 345.27M | Dec 2005 | FXY vs FXE | |
| Invesco CurrencyShares® Canadian Dollar Trust | 0.40% | 69.67M | Jun 2006 | FXY vs FXC | |
| Invesco CurrencyShares Australian Dollar Trust | 0.40% | 97.45M | Jun 2006 | FXY vs FXA | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 0.40% | 64.75M | Jun 2006 | FXY vs FXB |
Best Risk-Adjusted Alternatives to FXY
FXY has a PortfoliosLab risk / return rank of 3. There are 9 ETFs in the Currency category with higher risk-adjusted ranks, going as high as 62.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Emerging Currency Strategy Fund | 62 | 15.59M | May 2009 | FXY vs CEW | |
| Invesco CurrencyShares Australian Dollar Trust | 45 | 97.45M | Jun 2006 | FXY vs FXA | |
| Invesco DB US Dollar Index Bullish Fund | 35 | 432.14M | Feb 2007 | FXY vs UUP | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 28 | 463.82M | Dec 2013 | FXY vs USDU | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 21 | 64.75M | Jun 2006 | FXY vs FXB |
Top Performing FXY Alternatives (YTD)
FXY is at -0.89% YTD. There are 6 ETFs in the Currency category with higher YTD returns, going as high as 6.46%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares Australian Dollar Trust | 6.46% | 97.45M | Jun 2006 | FXY vs FXA | |
| WisdomTree Emerging Currency Strategy Fund | 4.80% | 15.59M | May 2009 | FXY vs CEW | |
| Invesco DB US Dollar Index Bullish Fund | 3.92% | 432.14M | Feb 2007 | FXY vs UUP | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.33% | 463.82M | Dec 2013 | FXY vs USDU | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 1.12% | 64.75M | Jun 2006 | FXY vs FXB |
Lowest Volatility Alternatives to FXY
FXY has 8.10% 1-year volatility. There are 9 ETFs in the Currency category with lower 1-year volatility, going as low as 4.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Canadian Dollar Trust | 4.31% | 69.67M | Jun 2006 | FXY vs FXC | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 5.46% | 463.82M | Dec 2013 | FXY vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | 5.76% | 432.14M | Feb 2007 | FXY vs UUP | |
| Invesco DB US Dollar Index Bearish Fund | 5.77% | 108.72M | Feb 2007 | FXY vs UDN | |
| Invesco CurrencyShares® Euro Trust | 5.78% | 345.27M | Dec 2005 | FXY vs FXE |
Lowest Drawdown Alternatives to FXY
FXY has a 1-year max drawdown of -10.86%. There are 9 ETFs in the Currency category with shallower 1-year drawdowns, going as shallow as -3.64%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -3.64% | 463.82M | Dec 2013 | FXY vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | -3.65% | 432.14M | Feb 2007 | FXY vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | -3.85% | 15.59M | May 2009 | FXY vs CEW | |
| Invesco CurrencyShares® British Pound Sterling Tru... | -4.35% | 64.75M | Jun 2006 | FXY vs FXB | |
| Invesco CurrencyShares Australian Dollar Trust | -4.82% | 97.45M | Jun 2006 | FXY vs FXA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 54 | 17.04% | 452.80B | Mar 1999 | FXY vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 49 | 26.49% | 21.05B | Oct 2015 | FXY vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 17.07% | 97.11B | Oct 2020 | FXY vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 72 | 15.64% | 96.96B | Apr 2003 | FXY vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 69.81% | 2.58B | Jun 2021 | FXY vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 62 | 16.16% | 19.45B | Dec 2005 | FXY vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 41 | 6.54% | 10.56B | May 2005 | FXY vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 42 | 12.35% | 4.04B | Oct 2012 | FXY vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 42 | 15.38% | 7.18B | Mar 2005 | FXY vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 51 | 13.50% | 4.08B | Feb 2012 | FXY vs IDMO |
Often Compared With FXY
Investors most often compare FXY with YCL, SPY, EWJ. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare FXY with Any Fund or Stock
Compare FXY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXY with funds that move differently
Invesco CurrencyShares® Japanese Yen Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXY.
Explore FXY Diversifiers