JPYEUR=X vs. IUES.L
JPYEUR=X (JPY/EUR Exchange Rate) is a currency, while IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) is Energy Equities fund tracking the MSCI World/Energy NR USD. Over the past 10 years, JPYEUR=X returned -4.61%/yr vs 9.44%/yr for IUES.L. Their -0.07 correlation means they have often moved in opposite directions in the past.
Performance
JPYEUR=X vs. IUES.L - Performance Comparison
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Different Trading Currencies
JPYEUR=X is traded in EUR, while IUES.L is traded in USD. To make them comparable, the IUES.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPYEUR=X achieves a 1.40% return, which is significantly lower than IUES.L's 34.41% return. Over the past 10 years, JPYEUR=X has underperformed IUES.L with an annualized return of -4.61%, while IUES.L has yielded a comparatively higher 9.44% annualized return.
JPYEUR=X
- 1D
- 1.36%
- 1M
- 1.49%
- 6M
- 1.06%
- YTD
- 1.40%
- 1Y
- -5.89%
- 3Y*
- -4.65%
- 5Y*
- -6.43%
- 10Y*
- -4.61%
- ALL TIME*
- -0.48%
IUES.L
- 1D
- 0.80%
- 1M
- 10.27%
- 6M
- 20.17%
- YTD
- 34.41%
- 1Y
- 42.22%
- 3Y*
- 12.32%
- 5Y*
- 23.67%
- 10Y*
- 9.44%
- ALL TIME*
- 8.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €4.27M | €4.73M | €6.97M | |
JPYEUR=X JPY/EUR Exchange Rate | €999.71 | €882.35 | €846.37 |
JPYEUR=X vs. IUES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPYEUR=X JPY/EUR Exchange Rate | 1.40% | -11.54% | -4.39% | -9.84% | -6.69% | -3.62% | -3.48% | 3.14% | 7.63% | -8.95% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 34.41% | -3.14% | 10.73% | -3.64% | 74.00% | 63.31% | -38.84% | 11.16% | -14.27% | -13.21% |
Correlation
The correlation between JPYEUR=X and IUES.L is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | -0.07 |
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Return for Risk
JPYEUR=X vs. IUES.L — Risk / Return Rank
JPYEUR=X
IUES.L
JPYEUR=X vs. IUES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/EUR Exchange Rate (JPYEUR=X) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). 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.
| JPYEUR=X | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.27 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.23 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.64 | 5.42 | -6.06 |
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Drawdowns
JPYEUR=X vs. IUES.L - Drawdown Comparison
The maximum JPYEUR=X drawdown since its inception was -49.74%, smaller than the maximum IUES.L drawdown of -65.54%. Use the drawdown chart below to compare losses from any high point for JPYEUR=X and IUES.L.
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Drawdown Indicators
| JPYEUR=X | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.74% | -65.54% | +15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -16.72% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -27.20% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -27.20% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.07% | -65.54% | +25.47% |
Current DrawdownCurrent decline from peak | -48.06% | -6.93% | -41.13% |
Average DrawdownAverage peak-to-trough decline | -24.75% | -17.42% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 6.88% | -2.38% |
Volatility
JPYEUR=X vs. IUES.L - Volatility Comparison
The current volatility for JPY/EUR Exchange Rate (JPYEUR=X) is 2.50%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 7.65%. This indicates that JPYEUR=X experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPYEUR=X | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 7.65% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 20.78% | -16.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 24.10% | -18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 27.10% | -18.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 28.92% | -20.88% |
Frequently Asked Questions
JPYEUR=X and IUES.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for JPYEUR=X and IUES.L
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