IBAT vs. JPYUSD=X
IBAT (iShares Energy Storage & Materials ETF) is Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while JPYUSD=X (JPY/USD) is a currency. Over the past year, IBAT returned 105.19% vs -9.99% for JPYUSD=X. At a 0.12 correlation, their price movements are largely independent.
Performance
IBAT vs. JPYUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, IBAT achieves a 51.63% return, which is significantly higher than JPYUSD=X's -2.12% return.
IBAT
- 1D
- 1.07%
- 1M
- -4.06%
- YTD
- 51.63%
- 6M
- 46.54%
- 1Y
- 105.19%
- 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%
IBAT vs. JPYUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBAT iShares Energy Storage & Materials ETF | 51.63% | 32.09% | -13.29% |
JPYUSD=X JPY/USD | -2.12% | 0.33% | -3.80% |
Correlation
The correlation between IBAT and JPYUSD=X is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.12 |
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Return for Risk
IBAT vs. JPYUSD=X — Risk / Return Rank
IBAT
JPYUSD=X
IBAT vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.
| IBAT | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.71 | ||
| Sortino ratioReturn per unit of downside risk | +5.57 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.82 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 7.45 | -0.76 | +8.21 |
| Martin ratioReturn relative to average drawdown | 20.84 | -1.11 | +21.95 |
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Drawdowns
IBAT vs. JPYUSD=X - Drawdown Comparison
The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum JPYUSD=X drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for IBAT and JPYUSD=X.
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Drawdown Indicators
| IBAT | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -52.96% | +24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -10.68% | -3.03% |
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 | -8.98% | -52.47% | +43.49% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -26.92% | +19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 6.18% | -1.28% |
Volatility
IBAT vs. JPYUSD=X - Volatility Comparison
iShares Energy Storage & Materials ETF (IBAT) has a higher volatility of 13.41% compared to JPY/USD (JPYUSD=X) at 0.69%. This indicates that IBAT'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
| IBAT | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 0.69% | +12.72% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 5.48% | +17.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 7.50% | +20.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 9.56% | +15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 8.90% | +15.68% |
Frequently Asked Questions
IBAT and JPYUSD=X have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBAT has higher volatility (13.41%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, IBAT dropped -28.26% vs JPYUSD=X's -52.96%.
IBAT currently has the higher Sharpe Ratio (3.63 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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