AA vs. JPY=X

Last updated Apr 2, 2026

Compare and contrast key facts about Alcoa Corporation (AA) and USD/JPY (JPY=X).

Performance

AA vs. JPY=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alcoa Corporation (AA) and USD/JPY (JPY=X). The values are adjusted to include any dividend payments, if applicable.

AA vs. JPY=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AA Alcoa Corporation	35.83%	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%

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 35.83% return, which is significantly higher than JPY=X's -0.12% return.

AA

• 1D: 8.64%
• 1M: 12.64%
• YTD: 35.83%
• 6M: 113.80%
• 1Y: 141.76%
• 3Y*: 20.63%
• 5Y*: 18.58%
• 10Y*: —

JPY=X

• 1D: 0.01%
• 1M: 0.00%
• YTD: -0.12%
• 6M: 0.02%
• 1Y: 0.05%
• 3Y*: 0.02%
• 5Y*: 0.00%
• 10Y*: 0.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AA vs. JPY=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AA

AA Risk / Return Rank: 92
AA Sharpe Ratio Rank: 94
AA Sortino Ratio Rank: 91
AA Omega Ratio Rank: 87
AA Calmar Ratio Rank: 94
AA Martin Ratio Rank: 95

JPY=X

JPY=X Risk / Return Rank: 74
JPY=X Sharpe Ratio Rank: 66
JPY=X Sortino Ratio Rank: 65
JPY=X Omega Ratio Rank: 66
JPY=X Calmar Ratio Rank: 89
JPY=X Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	AA	JPY=X	Difference
Sharpe ratio Return per unit of total volatility	2.49	0.02	+2.47
Sortino ratio Return per unit of downside risk	2.97	0.04	+2.92
Omega ratio Gain probability vs. loss probability	1.36	1.01	+0.35
Calmar ratio Return relative to maximum drawdown	5.18	-0.00	+5.18
Martin ratio Return relative to average drawdown	16.19	-0.00	+16.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AA vs. JPY=X - Sharpe Ratio Comparison

The current AA Sharpe Ratio is 2.49, which is higher than the JPY=X Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of AA and JPY=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AA	JPY=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	0.02	+2.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.00	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.01	+0.23

Correlation

The correlation between AA and JPY=X is -0.03. 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.

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 -3.46%. Use the drawdown chart below to compare losses from any high point for AA and JPY=X.

Drawdown Indicators

	AA	JPY=X	Difference
Max Drawdown Largest peak-to-trough decline	-90.90%	-38.80%	-52.10%
Max Drawdown (1Y) Largest decline over 1 year	-26.82%	-5.60%	-21.22%
Max Drawdown (5Y) Largest decline over 5 years	-75.46%	-14.84%	-60.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.84%	—
Current Drawdown Current decline from peak	-20.77%	-1.64%	-19.13%
Average Drawdown Average peak-to-trough decline	-46.61%	-14.82%	-31.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.58%	1.53%	+7.05%

Volatility

AA vs. JPY=X - Volatility Comparison

Alcoa Corporation (AA) has a higher volatility of 20.31% compared to USD/JPY (JPY=X) at 0.22%. 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.

Volatility by Period

	AA	JPY=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.31%	0.22%	+20.09%
Volatility (6M) Calculated over the trailing 6-month period	41.80%	1.15%	+40.65%
Volatility (1Y) Calculated over the trailing 1-year period	57.22%	1.97%	+55.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.24%	1.19%	+55.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.67%	1.17%	+54.50%