JPY=X vs. EWJ
Compare and contrast key facts about USD/JPY (JPY=X) and iShares MSCI Japan ETF (EWJ).
EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPY=X or EWJ.
Correlation
The correlation between JPY=X and EWJ is 0.02, 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.
Performance
JPY=X vs. EWJ - Performance Comparison
Key characteristics
JPY=X:
-1.01
EWJ:
0.35
JPY=X:
-1.33
EWJ:
0.63
JPY=X:
0.84
EWJ:
1.08
JPY=X:
-0.81
EWJ:
0.51
JPY=X:
-1.41
EWJ:
1.55
JPY=X:
7.55%
EWJ:
4.89%
JPY=X:
10.13%
EWJ:
21.47%
JPY=X:
-52.58%
EWJ:
-58.89%
JPY=X:
-11.15%
EWJ:
-1.53%
Returns By Period
In the year-to-date period, JPY=X achieves a -8.60% return, which is significantly lower than EWJ's 5.47% return. Over the past 10 years, JPY=X has underperformed EWJ with an annualized return of 1.76%, while EWJ has yielded a comparatively higher 4.74% annualized return.
JPY=X
-8.60%
-4.89%
-5.67%
-9.27%
5.38%
1.76%
EWJ
5.47%
0.17%
6.89%
7.86%
8.44%
4.74%
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Risk-Adjusted Performance
JPY=X vs. EWJ — Risk-Adjusted Performance Rank
JPY=X
EWJ
JPY=X vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/JPY (JPY=X) and iShares MSCI Japan ETF (EWJ). 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. EWJ - Drawdown Comparison
The maximum JPY=X drawdown since its inception was -52.58%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for JPY=X and EWJ. For additional features, visit the drawdowns tool.
Volatility
JPY=X vs. EWJ - Volatility Comparison
The current volatility for USD/JPY (JPY=X) is 3.60%, while iShares MSCI Japan ETF (EWJ) has a volatility of 12.09%. This indicates that JPY=X experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.