JPYEUR=X vs. JPY=X
JPYEUR=X (JPY/EUR Exchange Rate) and JPY=X (USD/JPY) are both currencies. Over the past 10 years, JPYEUR=X returned -4.46%/yr vs -0.25%/yr for JPY=X. At a 0.50 correlation, their price movements are largely independent.
Performance
JPYEUR=X vs. JPY=X - Performance Comparison
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Different Trading Currencies
JPYEUR=X is traded in EUR, while JPY=X is traded in JPY. To make them comparable, the JPY=X 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 -0.36% return, which is significantly lower than JPY=X's 2.99% return. Over the past 10 years, JPYEUR=X has underperformed JPY=X with an annualized return of -4.46%, while JPY=X has yielded a comparatively higher -0.25% annualized return.
JPYEUR=X
- 1D
- -0.08%
- 1M
- 0.34%
- 6M
- -0.24%
- YTD
- -0.36%
- 1Y
- -6.71%
- 3Y*
- -5.68%
- 5Y*
- -6.74%
- 10Y*
- -4.46%
JPY=X
- 1D
- 0.19%
- 1M
- 1.55%
- 6M
- 2.28%
- YTD
- 2.99%
- 1Y
- 2.60%
- 3Y*
- -0.49%
- 5Y*
- 0.67%
- 10Y*
- -0.25%
JPYEUR=X vs. JPY=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPYEUR=X JPY/EUR Exchange Rate | -0.36% | -11.54% | -4.39% | -9.84% | -6.69% | -3.62% | -3.48% | 3.14% | 7.63% | -8.95% |
JPY=X USD/JPY | 2.99% | -11.80% | 6.68% | -3.04% | 6.29% | 7.43% | -8.26% | 2.14% | 4.79% | -12.32% |
Correlation
The correlation between JPYEUR=X and JPY=X is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.50 |
Over the past year, the correlation between JPYEUR=X and JPY=X has dropped to 0.27 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
JPYEUR=X vs. JPY=X — Risk / Return Rank
JPYEUR=X
JPY=X
JPYEUR=X vs. JPY=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/EUR Exchange Rate (JPYEUR=X) and USD/JPY (JPY=X). 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 | JPY=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.07 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.57 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.23 | 1.33 | -2.56 |
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Drawdowns
JPYEUR=X vs. JPY=X - Drawdown Comparison
The maximum JPYEUR=X drawdown since its inception was -49.74%, which is greater than JPY=X's maximum drawdown of -20.33%. Use the drawdown chart below to compare losses from any high point for JPYEUR=X and JPY=X.
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Drawdown Indicators
| JPYEUR=X | JPY=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.74% | -20.33% | -29.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -5.29% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -14.94% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -20.33% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.07% | -20.33% | -19.74% |
Current DrawdownCurrent decline from peak | -48.96% | -15.78% | -33.18% |
Average DrawdownAverage peak-to-trough decline | -24.60% | -9.47% | -15.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 1.83% | +3.96% |
Volatility
JPYEUR=X vs. JPY=X - Volatility Comparison
JPY/EUR Exchange Rate (JPYEUR=X) and USD/JPY (JPY=X) have volatilities of 1.59% and 1.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPYEUR=X | JPY=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.58% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.78% | 5.06% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 5.96% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 7.49% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.10% | 7.21% | +0.89% |
Frequently Asked Questions
JPYEUR=X and JPY=X have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPYEUR=X has higher volatility (1.59%) compared to JPY=X (1.58%). In terms of maximum drawdown, JPYEUR=X dropped -49.74% vs JPY=X's -20.33%.
JPY=X currently has the higher Sharpe Ratio (0.42 vs -1.16), 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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