JPYEUR=X vs. JPYUSD=X

Last updated Apr 2, 2026

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

Performance

JPYEUR=X vs. JPYUSD=X - Performance Comparison

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

JPYEUR=X vs. JPYUSD=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%
JPYUSD=X JPY/USD	0.04%	-11.58%	-4.33%	-9.83%	-6.79%	-3.53%	-3.49%	3.13%	7.64%	-8.86%

Different Trading Currencies

JPYEUR=X is traded in EUR, while JPYUSD=X is traded in USD. To make them comparable, the JPYUSD=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 higher than JPYUSD=X's 0.04% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: JPYEUR=X at -3.62% and JPYUSD=X at -3.62%.

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%

JPYUSD=X

• 1D: -0.28%
• 1M: -0.45%
• YTD: 0.04%
• 6M: -6.21%
• 1Y: -12.39%
• 3Y*: -7.84%
• 5Y*: -6.69%
• 10Y*: -3.62%

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

Return for Risk

JPYEUR=X vs. JPYUSD=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

JPYUSD=X

JPYUSD=X Risk / Return Rank: 20
JPYUSD=X Sharpe Ratio Rank: 32
JPYUSD=X Sortino Ratio Rank: 30
JPYUSD=X Omega Ratio Rank: 32
JPYUSD=X Calmar Ratio Rank: 0
JPYUSD=X Martin Ratio Rank: 6

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. JPYUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPY/EUR Exchange Rate (JPYEUR=X) and JPY/USD (JPYUSD=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	JPYUSD=X	Difference
Sharpe ratio Return per unit of total volatility	-1.71	-1.66	-0.04
Sortino ratio Return per unit of downside risk	-2.28	-2.22	-0.06
Omega ratio Gain probability vs. loss probability	0.74	0.75	-0.01
Calmar ratio Return relative to maximum drawdown	-0.91	-0.92	0.00
Martin ratio Return relative to average drawdown	-1.39	-1.40	+0.01
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. JPYUSD=X - Sharpe Ratio Comparison

The current JPYEUR=X Sharpe Ratio is -1.71, which is comparable to the JPYUSD=X Sharpe Ratio of -1.66. The chart below compares the historical Sharpe Ratios of JPYEUR=X and JPYUSD=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	JPYUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.71	-1.66	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.70	-0.71	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.39	-0.39	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	-0.05	0.00

Correlation

The correlation between JPYEUR=X and JPYUSD=X is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

JPYEUR=X vs. JPYUSD=X - Drawdown Comparison

The maximum JPYEUR=X drawdown since its inception was -49.38%, roughly equal to the maximum JPYUSD=X drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for JPYEUR=X and JPYUSD=X.

Drawdown Indicators

	JPYEUR=X	JPYUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-49.38%	-52.96%	+3.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.19%	-12.14%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.80%	-33.32%	+0.52%
Max Drawdown (10Y) Largest decline over 10 years	-40.34%	-38.21%	-2.13%
Current Drawdown Current decline from peak	-48.75%	-52.16%	+3.41%
Average Drawdown Average peak-to-trough decline	-23.85%	-26.30%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	6.49%	+0.50%

Volatility

JPYEUR=X vs. JPYUSD=X - Volatility Comparison

JPY/EUR Exchange Rate (JPYEUR=X) has a higher volatility of 1.41% compared to JPY/USD (JPYUSD=X) at 1.31%. This indicates that JPYEUR=X's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYEUR=X	JPYUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.31%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	4.08%	4.10%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.84%	5.98%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.59%	8.71%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.65%	8.71%	-0.06%