JPYUSD=X vs. EURUSD=X

Last updated Apr 1, 2026

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

Performance

JPYUSD=X vs. EURUSD=X - Performance Comparison

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

JPYUSD=X vs. EURUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPYUSD=X JPY/USD	-1.34%	0.33%	-10.26%	-7.04%	-12.23%	-10.24%	5.18%	0.86%	2.82%	3.91%
EURUSD=X EUR/USD	-1.47%	13.43%	-6.18%	3.16%	-6.01%	-6.81%	8.85%	-1.94%	-4.66%	14.14%

Returns By Period

In the year-to-date period, JPYUSD=X achieves a -1.34% return, which is significantly higher than EURUSD=X's -1.47% return. Over the past 10 years, JPYUSD=X has underperformed EURUSD=X with an annualized return of -3.46%, while EURUSD=X has yielded a comparatively higher 0.16% annualized return.

JPYUSD=X

• 1D: 0.60%
• 1M: -1.44%
• YTD: -1.34%
• 6M: -6.87%
• 1Y: -5.56%
• 3Y*: -5.78%
• 5Y*: -6.98%
• 10Y*: -3.46%

EURUSD=X

• 1D: 0.97%
• 1M: -1.78%
• YTD: -1.47%
• 6M: -1.36%
• 1Y: 7.02%
• 3Y*: 2.20%
• 5Y*: -0.35%
• 10Y*: 0.16%

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

Return for Risk

JPYUSD=X vs. EURUSD=X — 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: 23
JPYUSD=X Sharpe Ratio Rank: 31
JPYUSD=X Sortino Ratio Rank: 31
JPYUSD=X Omega Ratio Rank: 32
JPYUSD=X Calmar Ratio Rank: 9
JPYUSD=X Martin Ratio Rank: 10

EURUSD=X

EURUSD=X Risk / Return Rank: 67
EURUSD=X Sharpe Ratio Rank: 79
EURUSD=X Sortino Ratio Rank: 81
EURUSD=X Omega Ratio Rank: 77
EURUSD=X Calmar Ratio Rank: 48
EURUSD=X Martin Ratio Rank: 48

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. EURUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and EUR/USD (EURUSD=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.

	JPYUSD=X	EURUSD=X	Difference
Sharpe ratio Return per unit of total volatility	-0.50	0.78	-1.28
Sortino ratio Return per unit of downside risk	-0.66	1.27	-1.93
Omega ratio Gain probability vs. loss probability	0.92	1.15	-0.23
Calmar ratio Return relative to maximum drawdown	-0.81	-0.01	-0.80
Martin ratio Return relative to average drawdown	-1.32	-0.03	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPYUSD=X vs. EURUSD=X - Sharpe Ratio Comparison

The current JPYUSD=X Sharpe Ratio is -0.50, which is lower than the EURUSD=X Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of JPYUSD=X and EURUSD=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

	JPYUSD=X	EURUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	0.78	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	-0.04	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.36	0.02	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	-0.07	-0.06

Correlation

The correlation between JPYUSD=X and EURUSD=X is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

JPYUSD=X vs. EURUSD=X - Drawdown Comparison

The maximum JPYUSD=X drawdown since its inception was -52.96%, which is greater than EURUSD=X's maximum drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and EURUSD=X.

Drawdown Indicators

	JPYUSD=X	EURUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-52.96%	-40.01%	-12.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-5.19%	-6.95%
Max Drawdown (5Y) Largest decline over 5 years	-33.32%	-21.68%	-11.64%
Max Drawdown (10Y) Largest decline over 10 years	-38.21%	-23.31%	-14.90%
Current Drawdown Current decline from peak	-52.09%	-27.63%	-24.46%
Average Drawdown Average peak-to-trough decline	-26.37%	-23.15%	-3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.49%	2.02%	+4.47%

Volatility

JPYUSD=X vs. EURUSD=X - Volatility Comparison

The current volatility for JPY/USD (JPYUSD=X) is 2.38%, while EUR/USD (EURUSD=X) has a volatility of 2.69%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYUSD=X	EURUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.69%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	4.22%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	8.76%	7.15%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	7.45%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.04%	7.21%	+1.83%