JPY=X vs. AA
Compare and contrast key facts about USD/JPY (JPY=X) and Alcoa Corporation (AA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPY=X or AA.
Correlation
The correlation between JPY=X and AA is -0.01. 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
JPY=X vs. AA - Performance Comparison
Key characteristics
JPY=X:
-1.12
AA:
-0.54
JPY=X:
-1.49
AA:
-0.52
JPY=X:
0.82
AA:
0.94
JPY=X:
-0.91
AA:
-0.38
JPY=X:
-1.55
AA:
-1.23
JPY=X:
7.66%
AA:
22.98%
JPY=X:
10.05%
AA:
52.73%
JPY=X:
-52.58%
AA:
-90.90%
JPY=X:
-12.04%
AA:
-72.21%
Returns By Period
In the year-to-date period, JPY=X achieves a -9.53% return, which is significantly higher than AA's -32.13% return.
JPY=X
-9.53%
-5.08%
-7.22%
-10.17%
5.28%
1.58%
AA
-32.13%
-16.63%
-37.93%
-29.91%
25.16%
N/A
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Risk-Adjusted Performance
JPY=X vs. AA — Risk-Adjusted Performance Rank
JPY=X
AA
JPY=X vs. AA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/JPY (JPY=X) and Alcoa Corporation (AA). 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.
Drawdowns
JPY=X vs. AA - Drawdown Comparison
The maximum JPY=X drawdown since its inception was -52.58%, smaller than the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for JPY=X and AA. For additional features, visit the drawdowns tool.
Volatility
JPY=X vs. AA - Volatility Comparison
The current volatility for USD/JPY (JPY=X) is 3.56%, while Alcoa Corporation (AA) has a volatility of 22.23%. This indicates that JPY=X experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.