EURUSD=X vs. JPYUSD=X

Last updated Apr 1, 2026

Compare and contrast key facts about EUR/USD (EURUSD=X) and JPY/USD (JPYUSD=X).

Performance

EURUSD=X vs. JPYUSD=X - Performance Comparison

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

EURUSD=X vs. JPYUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EURUSD=X EUR/USD	-1.47%	13.43%	-6.18%	3.16%	-6.01%	-6.81%	8.85%	-1.94%	-4.66%	14.14%
JPYUSD=X JPY/USD	-1.34%	0.33%	-10.26%	-7.04%	-12.23%	-10.24%	5.18%	0.86%	2.82%	3.91%

Returns By Period

In the year-to-date period, EURUSD=X achieves a -1.47% return, which is significantly lower than JPYUSD=X's -1.34% return. Over the past 10 years, EURUSD=X has outperformed JPYUSD=X with an annualized return of 0.16%, while JPYUSD=X has yielded a comparatively lower -3.46% annualized return.

EURUSD=X

• 1D: 0.97%
• 1M: -1.78%
• YTD: -1.47%
• 6M: -1.36%
• 1Y: 7.02%
• 3Y*: 2.20%
• 5Y*: -0.35%
• 10Y*: 0.16%

JPYUSD=X

• 1D: 0.60%
• 1M: -1.44%
• YTD: -1.34%
• 6M: -6.87%
• 1Y: -5.56%
• 3Y*: -5.78%
• 5Y*: -6.98%
• 10Y*: -3.46%

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

Return for Risk

EURUSD=X vs. JPYUSD=X — Risk / Return Rank

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

EURUSD=X

EURUSD=X Risk / Return Rank: 67
EURUSD=X Sharpe Ratio Rank: 79
EURUSD=X Sortino Ratio Rank: 81
EURUSD=X Omega Ratio Rank: 77
EURUSD=X Calmar Ratio Rank: 48
EURUSD=X Martin Ratio Rank: 48

JPYUSD=X

JPYUSD=X Risk / Return Rank: 23
JPYUSD=X Sharpe Ratio Rank: 31
JPYUSD=X Sortino Ratio Rank: 31
JPYUSD=X Omega Ratio Rank: 32
JPYUSD=X Calmar Ratio Rank: 9
JPYUSD=X Martin Ratio Rank: 10

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.

EURUSD=X vs. JPYUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) 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.

	EURUSD=X	JPYUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.78	-0.50	+1.28
Sortino ratio Return per unit of downside risk	1.27	-0.66	+1.93
Omega ratio Gain probability vs. loss probability	1.15	0.92	+0.23
Calmar ratio Return relative to maximum drawdown	-0.01	-0.81	+0.80
Martin ratio Return relative to average drawdown	-0.03	-1.32	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EURUSD=X vs. JPYUSD=X - Sharpe Ratio Comparison

The current EURUSD=X Sharpe Ratio is 0.78, which is higher than the JPYUSD=X Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of EURUSD=X and JPYUSD=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

	EURUSD=X	JPYUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	-0.50	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	-0.68	+0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	-0.36	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.14	+0.06

Correlation

The correlation between EURUSD=X and JPYUSD=X is 0.32, 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.

Drawdowns

EURUSD=X vs. JPYUSD=X - Drawdown Comparison

The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum JPYUSD=X drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and JPYUSD=X.

Drawdown Indicators

	EURUSD=X	JPYUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-40.01%	-52.96%	+12.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.19%	-12.14%	+6.95%
Max Drawdown (5Y) Largest decline over 5 years	-21.68%	-33.32%	+11.64%
Max Drawdown (10Y) Largest decline over 10 years	-23.31%	-38.21%	+14.90%
Current Drawdown Current decline from peak	-27.63%	-52.09%	+24.46%
Average Drawdown Average peak-to-trough decline	-23.15%	-26.37%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	6.49%	-4.47%

Volatility

EURUSD=X vs. JPYUSD=X - Volatility Comparison

EUR/USD (EURUSD=X) has a higher volatility of 2.69% compared to JPY/USD (JPYUSD=X) at 2.38%. This indicates that EURUSD=X'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.

Volatility by Period

	EURUSD=X	JPYUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.38%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	5.39%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	8.76%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.45%	9.52%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.21%	9.04%	-1.83%