JPYEUR=X vs. JPY=X

Last updated Apr 2, 2026

Compare and contrast key facts about JPY/EUR Exchange Rate (JPYEUR=X) and USD/JPY (JPY=X).

Performance

JPYEUR=X vs. JPY=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPY/EUR Exchange Rate (JPYEUR=X) and USD/JPY (JPY=X). The values are adjusted to include any dividend payments, if applicable.

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	0.05%	-11.54%	-4.39%	-9.84%	-6.69%	-3.62%	-3.48%	3.14%	7.63%	-8.95%
JPY=X USD/JPY	1.27%	-11.80%	6.68%	-3.04%	6.29%	7.43%	-8.26%	2.14%	4.79%	-12.32%

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 0.05% return, which is significantly lower than JPY=X's 1.27% return. Over the past 10 years, JPYEUR=X has underperformed JPY=X with an annualized return of -3.62%, while JPY=X has yielded a comparatively higher -0.17% annualized return.

JPYEUR=X

• 1D: -0.25%
• 1M: -0.01%
• YTD: 0.05%
• 6M: -6.22%
• 1Y: -12.20%
• 3Y*: -7.84%
• 5Y*: -6.68%
• 10Y*: -3.62%

JPY=X

• 1D: 0.00%
• 1M: 0.24%
• YTD: 1.27%
• 6M: 1.12%
• 1Y: -6.82%
• 3Y*: -2.00%
• 5Y*: 0.31%
• 10Y*: -0.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JPYEUR=X vs. JPY=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPYEUR=X

JPYEUR=X Risk / Return Rank: 3
JPYEUR=X Sharpe Ratio Rank: 3
JPYEUR=X Sortino Ratio Rank: 2
JPYEUR=X Omega Ratio Rank: 3
JPYEUR=X Calmar Ratio Rank: 0
JPYEUR=X Martin Ratio Rank: 7

JPY=X

JPY=X Risk / Return Rank: 77
JPY=X Sharpe Ratio Rank: 68
JPY=X Sortino Ratio Rank: 69
JPY=X Omega Ratio Rank: 68
JPY=X Calmar Ratio Rank: 91
JPY=X Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	JPYEUR=X	JPY=X	Difference
Sharpe ratio Return per unit of total volatility	-1.71	-0.75	-0.95
Sortino ratio Return per unit of downside risk	-2.28	-0.94	-1.34
Omega ratio Gain probability vs. loss probability	0.74	0.88	-0.13
Calmar ratio Return relative to maximum drawdown	-0.91	0.01	-0.92
Martin ratio Return relative to average drawdown	-1.39	0.03	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPYEUR=X vs. JPY=X - Sharpe Ratio Comparison

The current JPYEUR=X Sharpe Ratio is -1.71, which is lower than the JPY=X Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of JPYEUR=X and JPY=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPYEUR=X	JPY=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.71	-0.75	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.70	0.04	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.39	-0.02	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.08	-0.13

Correlation

The correlation between JPYEUR=X and JPY=X is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

JPYEUR=X vs. JPY=X - Drawdown Comparison

The maximum JPYEUR=X drawdown since its inception was -49.38%, 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.

Drawdown Indicators

	JPYEUR=X	JPY=X	Difference
Max Drawdown Largest peak-to-trough decline	-49.38%	-38.80%	-10.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.19%	-4.70%	-9.49%
Max Drawdown (5Y) Largest decline over 5 years	-32.80%	-14.84%	-17.96%
Max Drawdown (10Y) Largest decline over 10 years	-40.34%	-14.84%	-25.50%
Current Drawdown Current decline from peak	-48.75%	-1.29%	-47.46%
Average Drawdown Average peak-to-trough decline	-23.85%	-14.82%	-9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	1.53%	+5.46%

Volatility

JPYEUR=X vs. JPY=X - Volatility Comparison

The current volatility for JPY/EUR Exchange Rate (JPYEUR=X) is 1.41%, while USD/JPY (JPY=X) has a volatility of 2.22%. This indicates that JPYEUR=X experiences smaller price fluctuations and is considered to be less risky than JPY=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYEUR=X	JPY=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	2.22%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	4.08%	4.33%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	5.84%	7.33%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.59%	7.55%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.65%	7.35%	+1.30%