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:
-1.02
SPY:
0.51
JPY=X:
-1.34
SPY:
0.86
JPY=X:
0.84
SPY:
1.13
JPY=X:
-0.82
SPY:
0.55
JPY=X:
-1.41
SPY:
2.26
JPY=X:
7.61%
SPY:
4.55%
JPY=X:
10.01%
SPY:
20.08%
JPY=X:
-52.58%
SPY:
-55.19%
JPY=X:
-11.20%
SPY:
-9.89%
Returns By Period
In the year-to-date period, JPY=X achieves a -8.66% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, JPY=X has underperformed SPY with an annualized return of 1.73%, while SPY has yielded a comparatively higher 12.16% annualized return.
JPY=X
-8.66%
-4.17%
-6.04%
-9.32%
5.43%
1.73%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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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
The current volatility for USD/JPY (JPY=X) is 3.50%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.02%. 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.