JPYUSD=X vs. EUAD

Last updated Jun 15, 2026

JPYUSD=X (JPY/USD) is a currency, while EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Over the past year, JPYUSD=X returned -9.99% vs 3.14% for EUAD. At a 0.10 correlation, their price movements are largely independent.

Performance

JPYUSD=X vs. EUAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPY/USD (JPYUSD=X) and Select STOXX Europe Aerospace & Defense ETF (EUAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPYUSD=X achieves a -2.12% return, which is significantly higher than EUAD's -2.37% return.

JPYUSD=X

• 1D: 0.10%
• 1M: -0.82%
• YTD: -2.12%
• 6M: -3.07%
• 1Y: -9.99%
• 3Y*: -4.30%
• 5Y*: -7.22%
• 10Y*: -4.19%

EUAD

• 1D: -0.77%
• 1M: 9.27%
• YTD: -2.37%
• 6M: -0.54%
• 1Y: 3.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPYUSD=X vs. EUAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JPYUSD=X JPY/USD	-2.12%	0.33%	-4.09%
EUAD Select STOXX Europe Aerospace & Defense ETF	-2.37%	74.51%	-6.86%

Correlation

The correlation between JPYUSD=X and EUAD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	0.10

Return for Risk

JPYUSD=X vs. EUAD — Risk / Return Rank

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

JPYUSD=X

JPYUSD=X Risk / Return Rank: 8
JPYUSD=X Sharpe Ratio Rank: 8
JPYUSD=X Sortino Ratio Rank: 8
JPYUSD=X Omega Ratio Rank: 8
JPYUSD=X Calmar Ratio Rank: 3
JPYUSD=X Martin Ratio Rank: 14

EUAD

EUAD Risk / Return Rank: 11
EUAD Sharpe Ratio Rank: 11
EUAD Sortino Ratio Rank: 11
EUAD Omega Ratio Rank: 11
EUAD Calmar Ratio Rank: 11
EUAD Martin Ratio Rank: 11

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.

JPYUSD=X vs. EUAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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	EUAD	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	0.09	-1.18
Sortino ratio: Return per unit of downside risk	-1.60	0.35	-1.95
Omega ratio: Gain probability vs. loss probability	0.82	1.04	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.76	0.13	-0.89
Martin ratio: Return relative to average drawdown	-1.11	0.30	-1.41

JPYUSD=X vs. EUAD - Sharpe Ratio Comparison

The current JPYUSD=X Sharpe Ratio is -1.09, which is lower than the EUAD Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of JPYUSD=X and EUAD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPYUSD=X vs. EUAD - Drawdown Comparison

The maximum JPYUSD=X drawdown since its inception was -52.96%, which is greater than EUAD's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and EUAD.

Drawdown Indicators

	JPYUSD=X	EUAD	Difference
Max Drawdown Largest peak-to-trough decline	-52.96%	-22.04%	-30.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-22.04%	+11.36%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.21%	—	—
Current Drawdown Current decline from peak	-52.47%	-14.81%	-37.66%
Average Drawdown Average peak-to-trough decline	-26.92%	-5.88%	-21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.18%	9.34%	-3.16%

Volatility

JPYUSD=X vs. EUAD - Volatility Comparison

The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 9.65%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYUSD=X	EUAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	9.65%	-8.96%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	24.40%	-18.92%
Volatility (1Y) Calculated over the trailing 1-year period	7.50%	29.15%	-21.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	29.90%	-20.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.90%	29.90%	-21.00%

Frequently Asked Questions

Can I hold both JPYUSD=X and EUAD in my portfolio?

JPYUSD=X and EUAD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPYUSD=X or EUAD?

EUAD has higher volatility (9.65%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs EUAD's -22.04%.

Which has better risk-adjusted returns?

EUAD currently has the higher Sharpe Ratio (0.09 vs -1.09), 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.