EUAD vs. JPYUSD=X
EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while JPYUSD=X (JPY/USD) is a currency. Over the past year, EUAD returned 3.14% vs -9.99% for JPYUSD=X. At a 0.10 correlation, their price movements are largely independent.
Performance
EUAD vs. JPYUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, EUAD achieves a -2.37% return, which is significantly lower than JPYUSD=X's -2.12% return.
EUAD
- 1D
- -0.77%
- 1M
- 9.27%
- YTD
- -2.37%
- 6M
- -0.54%
- 1Y
- 3.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPYUSD=X
- 1D
- 0.10%
- 1M
- -0.82%
- YTD
- -2.12%
- 6M
- -3.07%
- 1Y
- -9.99%
- 3Y*
- -4.30%
- 5Y*
- -7.22%
- 10Y*
- -4.19%
EUAD vs. JPYUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | -2.37% | 74.51% | -6.86% |
JPYUSD=X JPY/USD | -2.12% | 0.33% | -4.09% |
Correlation
The correlation between EUAD and JPYUSD=X is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.10 |
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Return for Risk
EUAD vs. JPYUSD=X — Risk / Return Rank
EUAD
JPYUSD=X
EUAD vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and JPY/USD (JPYUSD=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.
| EUAD | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.82 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.76 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.30 | -1.11 | +1.41 |
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Drawdowns
EUAD vs. JPYUSD=X - Drawdown Comparison
The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum JPYUSD=X drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for EUAD and JPYUSD=X.
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Drawdown Indicators
| EUAD | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -52.96% | +30.92% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -10.68% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.21% | — |
Current DrawdownCurrent decline from peak | -14.81% | -52.47% | +37.66% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -26.92% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 6.18% | +3.16% |
Volatility
EUAD vs. JPYUSD=X - Volatility Comparison
Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.65% compared to JPY/USD (JPYUSD=X) at 0.69%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUAD | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 0.69% | +8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 24.40% | 5.48% | +18.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 7.50% | +21.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.90% | 9.56% | +20.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.90% | 8.90% | +21.00% |
Frequently Asked Questions
EUAD and JPYUSD=X have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.65%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, EUAD dropped -22.04% vs JPYUSD=X's -52.96%.
EUAD currently has the higher Sharpe Ratio (0.09 vs -1.09), 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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