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:
-0.18
SPY:
1.88
JPY=X:
-0.18
SPY:
2.53
JPY=X:
0.98
SPY:
1.35
JPY=X:
-0.13
SPY:
2.83
JPY=X:
-0.27
SPY:
11.74
JPY=X:
6.27%
SPY:
2.02%
JPY=X:
9.45%
SPY:
12.64%
JPY=X:
-52.58%
SPY:
-55.19%
JPY=X:
-7.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, JPY=X achieves a -4.34% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, JPY=X has underperformed SPY with an annualized return of 2.22%, while SPY has yielded a comparatively higher 13.18% annualized return.
JPY=X
-4.34%
-3.31%
2.81%
0.06%
5.53%
2.22%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
JPY=X vs. SPY — Risk-Adjusted Performance Rank
JPY=X
SPY
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
USD/JPY (JPY=X) has a higher volatility of 2.92% compared to SPDR S&P 500 ETF (SPY) at 2.23%. This indicates that JPY=X's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.