FXY vs. RLBGX

Last updated Aug 6, 2026

FXY (Invesco CurrencyShares® Japanese Yen Trust) and RLBGX (American Funds American Balanced Fund Class R-6) are both funds - FXY is a Currency fund tracking the Japanese Yen, while RLBGX is a Diversified Portfolio fund managed by American Funds. Over the past 10 years, FXY returned -4.78%/yr vs 10.25%/yr for RLBGX. Their -0.11 correlation means they have often moved in opposite directions in the past. FXY charges 0.40%/yr vs 0.25%/yr for RLBGX.

Performance

FXY vs. RLBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares® Japanese Yen Trust (FXY) and American Funds American Balanced Fund Class R-6 (RLBGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXY achieves a -0.89% return, which is significantly lower than RLBGX's 10.54% return. Over the past 10 years, FXY has underperformed RLBGX with an annualized return of -4.78%, while RLBGX has yielded a comparatively higher 10.25% annualized return.

FXY

• 1D: 0.00%
• 1M: 2.76%
• 6M: -0.75%
• YTD: -0.89%
• 1Y: -6.74%
• 3Y*: -3.89%
• 5Y*: -7.39%
• 10Y*: -4.78%
• ALL TIME*: -1.78%

RLBGX

• 1D: 1.18%
• 1M: 0.49%
• 6M: 8.01%
• YTD: 10.54%
• 1Y: 20.35%
• 3Y*: 17.03%
• 5Y*: 9.71%
• 10Y*: 10.25%
• ALL TIME*: 10.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FXY Invesco CurrencyShares® Japanese Yen Trust	$30.28M	$18.59M	$12.83M
RLBGX American Funds American Balanced Fund Class R-6	$0.00	$0.00	$0.00

FXY vs. RLBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXY Invesco CurrencyShares® Japanese Yen Trust	-0.89%	0.09%	-10.93%	-7.44%	-12.75%	-10.90%	4.61%	0.37%	2.31%	3.17%
RLBGX American Funds American Balanced Fund Class R-6	10.54%	18.83%	15.35%	13.92%	-11.85%	16.10%	11.20%	18.95%	-3.07%	14.97%

Correlation

The correlation between FXY and RLBGX is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.12
Correlation (5Y) Shows whether the relationship held over a longer period.	0.12
Correlation (10Y) Provides a long-term view across more market conditions.	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	-0.11

The correlation between FXY and RLBGX shifts across timeframes, from -0.11 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FXY vs. RLBGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FXY

FXY Risk / Return Rank: 3
FXY Sharpe Ratio Rank: 2
FXY Sortino Ratio Rank: 2
FXY Omega Ratio Rank: 3
FXY Calmar Ratio Rank: 4
FXY Martin Ratio Rank: 4

RLBGX

RLBGX Risk / Return Rank: 81
RLBGX Sharpe Ratio Rank: 83
RLBGX Sortino Ratio Rank: 81
RLBGX Omega Ratio Rank: 79
RLBGX Calmar Ratio Rank: 77
RLBGX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FXY vs. RLBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) and American Funds American Balanced Fund Class R-6 (RLBGX). 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.

	FXY	RLBGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	2.11	-2.95
Sortino ratio: Return per unit of downside risk	-1.26	2.95	-4.21
Omega ratio: Gain probability vs. loss probability	0.86	1.39	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.62	2.84	-3.46
Martin ratio: Return relative to average drawdown	-1.00	12.07	-13.08

FXY vs. RLBGX - Sharpe Ratio Comparison

The current FXY Sharpe Ratio is -0.84, which is lower than the RLBGX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FXY and RLBGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXY vs. RLBGX - Drawdown Comparison

The maximum FXY drawdown since its inception was -56.95%, which is greater than RLBGX's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for FXY and RLBGX.

Drawdown Indicators

	FXY	RLBGX	Difference
Max Drawdown Largest peak-to-trough decline	-56.95%	-22.33%	-34.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-6.98%	-3.88%
Max Drawdown (3Y) Largest decline over 3 years	-14.91%	-10.65%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	-34.99%	-18.59%	-16.40%
Max Drawdown (10Y) Largest decline over 10 years	-42.08%	-22.33%	-19.75%
Current Drawdown Current decline from peak	-55.30%	0.00%	-55.30%
Average Drawdown Average peak-to-trough decline	-27.98%	-2.45%	-25.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	1.64%	+5.08%

Volatility

FXY vs. RLBGX - Volatility Comparison

Invesco CurrencyShares® Japanese Yen Trust (FXY) has a higher volatility of 3.19% compared to American Funds American Balanced Fund Class R-6 (RLBGX) at 2.58%. This indicates that FXY's price experiences larger fluctuations and is considered to be riskier than RLBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXY	RLBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	2.58%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	5.63%	7.43%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	9.44%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	10.61%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.13%	10.72%	-1.59%

FXY vs. RLBGX - Expense Ratio Comparison

FXY has a 0.40% expense ratio, which is higher than RLBGX's 0.25% expense ratio.

Dividends

FXY vs. RLBGX - Dividend Comparison

FXY has not paid dividends to shareholders, while RLBGX's dividend yield for the trailing twelve months is around 7.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RLBGX American Funds American Balanced Fund Class R-6	7.34%	8.56%	7.50%	2.27%	2.63%	4.59%	4.65%	3.78%	5.81%	4.92%	4.54%	5.91%

Frequently Asked Questions

Can I hold both FXY and RLBGX in my portfolio?

FXY and RLBGX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXY or RLBGX?

FXY has higher volatility (3.19%) compared to RLBGX (2.58%). In terms of maximum drawdown, FXY dropped -56.95% vs RLBGX's -22.33%.

Which has better risk-adjusted returns?

RLBGX currently has the higher Sharpe Ratio (2.11 vs -0.84), 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.