AA vs. JPY=X
Compare and contrast key facts about Alcoa Corporation (AA) and USD/JPY (JPY=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AA or JPY=X.
Correlation
The correlation between AA and JPY=X is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AA vs. JPY=X - Performance Comparison
Key characteristics
AA:
-0.18
JPY=X:
-0.63
AA:
0.06
JPY=X:
-0.81
AA:
1.01
JPY=X:
0.90
AA:
-0.12
JPY=X:
-0.47
AA:
-0.43
JPY=X:
-0.89
AA:
19.40%
JPY=X:
6.91%
AA:
46.44%
JPY=X:
9.58%
AA:
-90.90%
JPY=X:
-52.58%
AA:
-66.47%
JPY=X:
-8.88%
Returns By Period
In the year-to-date period, AA achieves a -18.11% return, which is significantly lower than JPY=X's -6.28% return.
AA
-18.11%
-1.25%
-20.82%
-12.48%
40.08%
N/A
JPY=X
-6.28%
-1.46%
0.59%
-2.79%
5.65%
2.01%
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Risk-Adjusted Performance
AA vs. JPY=X — Risk-Adjusted Performance Rank
AA
JPY=X
AA vs. JPY=X - Risk-Adjusted Performance 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.
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 -52.58%. Use the drawdown chart below to compare losses from any high point for AA and JPY=X. For additional features, visit the drawdowns tool.
Volatility
AA vs. JPY=X - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 11.95% compared to USD/JPY (JPY=X) at 2.21%. 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.