JPYEUR=X vs. JPYUSD=X
JPYEUR=X (JPY/EUR Exchange Rate) and JPYUSD=X (JPY/USD) are both currencies. Over the past 10 years, JPYEUR=X returned -4.61%/yr vs -4.61%/yr for JPYUSD=X. Their 0.98 correlation means they have historically moved very closely together.
Performance
JPYEUR=X vs. JPYUSD=X - Performance Comparison
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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
The year-to-date returns for both investments are quite close, with JPYEUR=X having a 1.40% return and JPYUSD=X slightly higher at 1.41%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: JPYEUR=X at -4.61% and JPYUSD=X at -4.61%.
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%
JPYUSD=X
- 1D
- 1.41%
- 1M
- 1.52%
- 6M
- 1.05%
- YTD
- 1.41%
- 1Y
- -5.89%
- 3Y*
- -4.65%
- 5Y*
- -6.43%
- 10Y*
- -4.61%
- ALL TIME*
- -0.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
JPYEUR=X JPY/EUR Exchange Rate | €999.71 | €882.35 | €846.37 |
JPYUSD=X JPY/USD | €597.38 | €672.24 | €516.96 |
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 | 1.40% | -11.54% | -4.39% | -9.84% | -6.69% | -3.62% | -3.48% | 3.14% | 7.63% | -8.95% |
JPYUSD=X JPY/USD | 1.41% | -11.58% | -4.33% | -9.83% | -6.79% | -3.53% | -3.49% | 3.13% | 7.64% | -8.86% |
Correlation
The correlation between JPYEUR=X and JPYUSD=X is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2007 | 0.98 |
The correlation between JPYEUR=X and JPYUSD=X has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
JPYEUR=X vs. JPYUSD=X — Risk / Return Rank
JPYEUR=X
JPYUSD=X
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.
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 | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.46 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.64 | -0.65 | +0.01 |
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Drawdowns
JPYEUR=X vs. JPYUSD=X - Drawdown Comparison
The maximum JPYEUR=X drawdown since its inception was -49.74%, roughly equal to the maximum JPYUSD=X drawdown of -49.65%. Use the drawdown chart below to compare losses from any high point for JPYEUR=X and JPYUSD=X.
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Drawdown Indicators
| JPYEUR=X | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.74% | -49.65% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -9.24% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -17.40% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -33.27% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -40.07% | -40.07% | 0.00% |
Current DrawdownCurrent decline from peak | -48.06% | -47.97% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -24.75% | -24.56% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.52% | -0.02% |
Volatility
JPYEUR=X vs. JPYUSD=X - Volatility Comparison
JPY/EUR Exchange Rate (JPYEUR=X) and JPY/USD (JPYUSD=X) have volatilities of 2.50% and 2.48%, 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 | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.48% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 4.05% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.73% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 8.72% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 8.10% | -0.06% |
Frequently Asked Questions
With a correlation of 0.96, JPYEUR=X and JPYUSD=X move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JPYEUR=X has higher volatility (2.50%) compared to JPYUSD=X (2.48%). In terms of maximum drawdown, JPYEUR=X dropped -49.74% vs JPYUSD=X's -49.65%.
JPYEUR=X currently has the higher Sharpe Ratio (-0.73 vs -0.75), 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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