JPYUSD=X vs. BNDW
JPYUSD=X (JPY/USD) is a currency, while BNDW (Vanguard Total World Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Over the past 5 years, JPYUSD=X returned -6.97%/yr vs -0.14%/yr for BNDW. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
JPYUSD=X vs. BNDW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPYUSD=X achieves a -0.51% return, which is significantly lower than BNDW's 0.50% return.
JPYUSD=X
- 1D
- -0.17%
- 1M
- 2.72%
- 6M
- -1.07%
- YTD
- -0.51%
- 1Y
- -6.57%
- 3Y*
- -3.45%
- 5Y*
- -6.97%
- 10Y*
- -4.27%
- ALL TIME*
- -1.65%
BNDW
- 1D
- 0.33%
- 1M
- -0.39%
- 6M
- 0.18%
- YTD
- 0.50%
- 1Y
- 1.88%
- 3Y*
- 4.20%
- 5Y*
- -0.14%
- 10Y*
- —
- ALL TIME*
- 1.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.80M | $6.17M | $6.89M | |
JPYUSD=X JPY/USD | $763.15 | $670.97 | $589.12 |
JPYUSD=X vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPYUSD=X JPY/USD | -0.51% | 0.33% | -10.26% | -7.04% | -12.23% | -10.24% | 5.18% | 0.86% | 1.72% |
BNDW Vanguard Total World Bond ETF | 0.50% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
Correlation
The correlation between JPYUSD=X and BNDW is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPYUSD=X vs. BNDW — Risk / Return Rank
JPYUSD=X
BNDW
JPYUSD=X vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and Vanguard Total World Bond ETF (BNDW). 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.
| JPYUSD=X | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.10 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.70 | -1.20 |
| Martin ratioReturn relative to average drawdown | -0.81 | 1.68 | -2.49 |
Loading charts...
Drawdowns
JPYUSD=X vs. BNDW - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -53.57%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and BNDW.
Loading charts...
Drawdown Indicators
| JPYUSD=X | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -17.22% | -36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -2.70% | -7.91% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -3.57% | -10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -16.74% | -16.61% |
Max Drawdown (10Y)Largest decline over 10 years | -39.01% | — | — |
Current DrawdownCurrent decline from peak | -51.69% | -1.46% | -50.23% |
Average DrawdownAverage peak-to-trough decline | -27.37% | -4.90% | -22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 1.12% | +3.81% |
Volatility
JPYUSD=X vs. BNDW - Volatility Comparison
JPY/USD (JPYUSD=X) has a higher volatility of 2.97% compared to Vanguard Total World Bond ETF (BNDW) at 1.10%. This indicates that JPYUSD=X's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPYUSD=X | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.10% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.07% | 2.86% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.34% | 3.37% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 5.23% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.65% | 4.88% | +3.77% |
Frequently Asked Questions
JPYUSD=X and BNDW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPYUSD=X has higher volatility (2.97%) compared to BNDW (1.10%). In terms of maximum drawdown, JPYUSD=X dropped -53.57% vs BNDW's -17.22%.
BNDW currently has the higher Sharpe Ratio (0.56 vs -0.73), 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.
Find the right allocation for JPYUSD=X and BNDW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer