JPY=X vs. SPY

In the year-to-date period, JPY=X achieves a -7.64% return, which is significantly lower than SPY's 1.69% return. Over the past 10 years, JPY=X has underperformed SPY with an annualized return of 1.77%, while SPY has yielded a comparatively higher 12.75% annualized return.

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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.

The current JPY=X Sharpe Ratio is -0.58, which is lower than the SPY Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of JPY=X and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

The current volatility for USD/JPY (JPY=X) is 4.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. 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.