AA vs. JPY=X
AA (Alcoa Corporation) is a stock, while JPY=X (USD/JPY) is a currency. Over the past 5 years, AA returned 3.98%/yr vs -0.01%/yr for JPY=X. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
AA vs. JPY=X - Performance Comparison
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Different Trading Currencies
AA is traded in USD, while JPY=X is traded in JPY. To make them comparable, the JPY=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AA achieves a -15.35% return, which is significantly lower than JPY=X's -0.12% return.
AA
- 1D
- -0.93%
- 1M
- -7.89%
- 6M
- -22.72%
- YTD
- -15.35%
- 1Y
- 59.37%
- 3Y*
- 11.00%
- 5Y*
- 3.98%
- 10Y*
- —
- ALL TIME*
- 8.11%
JPY=X
- 1D
- -0.05%
- 1M
- 0.01%
- 6M
- -0.01%
- YTD
- -0.12%
- 1Y
- -0.28%
- 3Y*
- 0.01%
- 5Y*
- -0.01%
- 10Y*
- 0.00%
- ALL TIME*
- 0.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $207.45M | $253.06M | $320.37M | |
JPY=X USD/JPY | $267.69K | $223.88K | $206.52K |
AA vs. JPY=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | -15.35% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
JPY=X USD/JPY | -0.12% | 0.04% | 0.14% | -0.04% | -0.02% | 0.05% | -0.02% | -0.12% | 0.11% | 0.07% |
Correlation
The correlation between AA and JPY=X is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | -0.02 |
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Return for Risk
AA vs. JPY=X — Risk / Return Rank
AA
JPY=X
AA vs. JPY=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcoa Corporation (AA) and USD/JPY (JPY=X). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AA | JPY=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.35 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.62 | -0.56 | +4.18 |
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Drawdowns
AA vs. JPY=X - Drawdown Comparison
The maximum AA drawdown since its inception was -90.90%, which is greater than JPY=X's maximum drawdown of -3.69%. Use the drawdown chart below to compare losses from any high point for AA and JPY=X.
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Drawdown Indicators
| AA | JPY=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -3.69% | -87.21% |
Max Drawdown (1Y)Largest decline over 1 year | -48.82% | -0.64% | -48.18% |
Max Drawdown (3Y)Largest decline over 3 years | -52.25% | -1.42% | -50.83% |
Max Drawdown (5Y)Largest decline over 5 years | -75.46% | -1.70% | -73.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.75% | — |
Current DrawdownCurrent decline from peak | -50.62% | -2.40% | -48.22% |
Average DrawdownAverage peak-to-trough decline | -46.11% | -2.09% | -44.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.45% | 0.41% | +16.04% |
Volatility
AA vs. JPY=X - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 11.59% compared to USD/JPY (JPY=X) at 0.24%. This indicates that AA's price experiences larger fluctuations and is considered to be riskier than JPY=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AA | JPY=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 0.24% | +11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 40.62% | 0.70% | +39.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.51% | 1.40% | +54.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.17% | 1.45% | +54.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.62% | 1.28% | +54.34% |
Frequently Asked Questions
AA and JPY=X have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (11.59%) compared to JPY=X (0.24%). In terms of maximum drawdown, AA dropped -90.90% vs JPY=X's -3.69%.
AA currently has the higher Sharpe Ratio (1.08 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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