FXY vs. DXJS
Compare and contrast key facts about Invesco CurrencyShares® Japanese Yen Trust (FXY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).
FXY and DXJS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. Both FXY and DXJS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXY or DXJS.
Key characteristics
| FXY | DXJS | |
|---|---|---|
| YTD Return | -8.14% | 17.24% |
| 1Y Return | -1.64% | 24.28% |
| 3Y Return (Ann) | -10.04% | 18.86% |
| 5Y Return (Ann) | -7.04% | 13.24% |
| 10Y Return (Ann) | -3.33% | 11.59% |
| Sharpe Ratio | -0.19 | 1.22 |
| Sortino Ratio | -0.21 | 1.58 |
| Omega Ratio | 0.98 | 1.23 |
| Calmar Ratio | -0.04 | 1.32 |
| Martin Ratio | -0.30 | 5.70 |
| Ulcer Index | 6.95% | 3.83% |
| Daily Std Dev | 11.06% | 17.94% |
| Max Drawdown | -56.03% | -39.29% |
| Current Drawdown | -53.53% | -2.41% |
Correlation
The correlation between FXY and DXJS is -0.46. 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
FXY vs. DXJS - Performance Comparison
In the year-to-date period, FXY achieves a -8.14% return, which is significantly lower than DXJS's 17.24% return. Over the past 10 years, FXY has underperformed DXJS with an annualized return of -3.33%, while DXJS has yielded a comparatively higher 11.59% 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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FXY vs. DXJS - Expense Ratio Comparison
FXY has a 0.40% expense ratio, which is lower than DXJS's 0.58% expense ratio.
Risk-Adjusted Performance
FXY vs. DXJS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.
Dividends
FXY vs. DXJS - Dividend Comparison
FXY has not paid dividends to shareholders, while DXJS's dividend yield for the trailing twelve months is around 2.03%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.03% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
Drawdowns
FXY vs. DXJS - Drawdown Comparison
The maximum FXY drawdown since its inception was -56.03%, which is greater than DXJS's maximum drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for FXY and DXJS. For additional features, visit the drawdowns tool.
Volatility
FXY vs. DXJS - Volatility Comparison
Invesco CurrencyShares® Japanese Yen Trust (FXY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) have volatilities of 3.38% and 3.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.