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 0.00, 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:
1.00
JPY=X:
0.33
AA:
1.57
JPY=X:
0.52
AA:
1.19
JPY=X:
1.07
AA:
0.65
JPY=X:
0.25
AA:
3.08
JPY=X:
0.54
AA:
15.30%
JPY=X:
6.05%
AA:
47.36%
JPY=X:
9.22%
AA:
-90.90%
JPY=X:
-52.58%
AA:
-57.16%
JPY=X:
-3.37%
Returns By Period
In the year-to-date period, AA achieves a 4.63% return, which is significantly higher than JPY=X's -0.60% return.
AA
4.63%
5.95%
13.85%
49.52%
18.27%
N/A
JPY=X
-0.60%
0.93%
-0.80%
5.46%
6.53%
2.59%
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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 8.83% compared to USD/JPY (JPY=X) at 3.25%. 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.