JPY=X vs. SPY
Compare and contrast key facts about USD/JPY (JPY=X) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPY=X or SPY.
Correlation
The correlation between JPY=X and SPY 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. SPY - Performance Comparison
Key characteristics
JPY=X:
0.42
SPY:
2.21
JPY=X:
0.64
SPY:
2.93
JPY=X:
1.09
SPY:
1.41
JPY=X:
0.32
SPY:
3.26
JPY=X:
0.69
SPY:
14.43
JPY=X:
6.00%
SPY:
1.90%
JPY=X:
9.37%
SPY:
12.41%
JPY=X:
-52.58%
SPY:
-55.19%
JPY=X:
-3.32%
SPY:
-2.74%
Returns By Period
In the year-to-date period, JPY=X achieves a 10.81% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, JPY=X has underperformed SPY with an annualized return of 2.45%, while SPY has yielded a comparatively higher 12.97% annualized return.
JPY=X
10.81%
0.57%
-2.18%
10.00%
6.68%
2.45%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
JPY=X vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/JPY (JPY=X) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum JPY=X drawdown since its inception was -52.58%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JPY=X and SPY. For additional features, visit the drawdowns tool.
Volatility
JPY=X vs. SPY - Volatility Comparison
The current volatility for USD/JPY (JPY=X) is 2.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.59%. This indicates that JPY=X experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.