JPY=X vs. XMR-USD
JPY=X (USD/JPY) is a currency, while XMR-USD (Monero) is a cryptocurrency. Over the past 10 years, JPY=X returned 4.73%/yr vs 78.84%/yr for XMR-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
JPY=X vs. XMR-USD - Performance Comparison
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Different Trading Currencies
JPY=X is traded in JPY, while XMR-USD is traded in USD. To make them comparable, the XMR-USD values have been converted to JPY using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPY=X achieves a 3.18% return, which is significantly higher than XMR-USD's -26.40% return. Over the past 10 years, JPY=X has underperformed XMR-USD with an annualized return of 4.73%, while XMR-USD has yielded a comparatively higher 78.84% annualized return.
JPY=X
- 1D
- 0.03%
- 1M
- 1.60%
- YTD
- 3.18%
- 6M
- 3.65%
- 1Y
- 11.48%
- 3Y*
- 4.09%
- 5Y*
- 7.87%
- 10Y*
- 4.73%
XMR-USD
- 1D
- -1.89%
- 1M
- -17.31%
- YTD
- -26.40%
- 6M
- -27.95%
- 1Y
- 10.47%
- 3Y*
- 28.68%
- 5Y*
- 18.23%
- 10Y*
- 78.84%
JPY=X vs. XMR-USD - Yearly Performance Comparison
Correlation
The correlation between JPY=X and XMR-USD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 20, 2014 | 0.11 |
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Return for Risk
JPY=X vs. XMR-USD — Risk / Return Rank
JPY=X
XMR-USD
JPY=X vs. XMR-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/JPY (JPY=X) and Monero (XMR-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPY=X | XMR-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.18 | +1.93 |
| Martin ratioReturn relative to average drawdown | 6.38 | 0.31 | +6.07 |
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Drawdowns
JPY=X vs. XMR-USD - Drawdown Comparison
The maximum JPY=X drawdown since its inception was -36.72%, smaller than the maximum XMR-USD drawdown of -93.97%. Use the drawdown chart below to compare losses from any high point for JPY=X and XMR-USD.
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Drawdown Indicators
| JPY=X | XMR-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -93.97% | +57.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -59.34% | +55.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | -59.34% | +46.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | -60.69% | +45.85% |
Max Drawdown (10Y)Largest decline over 10 years | -14.84% | -93.63% | +78.79% |
Current DrawdownCurrent decline from peak | 0.00% | -55.62% | +55.62% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -58.17% | +44.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 39.27% | -37.99% |
Volatility
JPY=X vs. XMR-USD - Volatility Comparison
The current volatility for USD/JPY (JPY=X) is 0.77%, while Monero (XMR-USD) has a volatility of 35.89%. This indicates that JPY=X experiences smaller price fluctuations and is considered to be less risky than XMR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPY=X | XMR-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 35.89% | -35.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 70.06% | -65.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.47% | 72.48% | -65.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.55% | 61.85% | -52.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.74% | 90.03% | -81.29% |
Frequently Asked Questions
JPY=X and XMR-USD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMR-USD has higher volatility (35.89%) compared to JPY=X (0.77%). In terms of maximum drawdown, JPY=X dropped -36.72% vs XMR-USD's -93.97%.
JPY=X currently has the higher Sharpe Ratio (1.23 vs 0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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