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.
Key characteristics
| AA | JPY=X | |
|---|---|---|
| YTD Return | 1.10% | 10.53% |
| 1Y Return | -2.69% | 14.18% |
| 3Y Return (Ann) | -1.41% | 11.32% |
| 5Y Return (Ann) | 5.66% | 6.51% |
| 10Y Return (Ann) | 0.94% | 4.08% |
| Sharpe Ratio | -0.13 | 1.57 |
| Daily Std Dev | 51.08% | 8.04% |
| Max Drawdown | -94.43% | -52.58% |
| Current Drawdown | -64.33% | -2.48% |
Correlation
The correlation between AA and JPY=X is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AA vs. JPY=X - Performance Comparison
In the year-to-date period, AA achieves a 1.10% return, which is significantly lower than JPY=X's 10.53% return. Over the past 10 years, AA has underperformed JPY=X with an annualized return of 0.94%, while JPY=X has yielded a comparatively higher 4.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -94.43%, 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 10.31% 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.