JPYUSD=X vs. IBAT
JPYUSD=X (JPY/USD) is a currency, while IBAT (iShares Energy Storage & Materials ETF) is Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials. Over the past year, JPYUSD=X returned -9.99% vs 105.19% for IBAT. At a 0.12 correlation, their price movements are largely independent.
Performance
JPYUSD=X vs. IBAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPYUSD=X achieves a -2.12% return, which is significantly lower than IBAT's 51.63% 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%
IBAT
- 1D
- 1.07%
- 1M
- -4.06%
- YTD
- 51.63%
- 6M
- 46.54%
- 1Y
- 105.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPYUSD=X vs. IBAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPYUSD=X JPY/USD | -2.12% | 0.33% | -3.80% |
IBAT iShares Energy Storage & Materials ETF | 51.63% | 32.09% | -13.29% |
Correlation
The correlation between JPYUSD=X and IBAT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.12 |
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. IBAT — Risk / Return Rank
JPYUSD=X
IBAT
JPYUSD=X vs. IBAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and iShares Energy Storage & Materials ETF (IBAT). 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 | IBAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.71 | ||
| Sortino ratioReturn per unit of downside risk | -5.57 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.54 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 7.45 | -8.21 |
| Martin ratioReturn relative to average drawdown | -1.11 | 20.84 | -21.95 |
Loading charts...
Drawdowns
JPYUSD=X vs. IBAT - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -52.96%, which is greater than IBAT's maximum drawdown of -28.26%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and IBAT.
Loading charts...
Drawdown Indicators
| JPYUSD=X | IBAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.96% | -28.26% | -24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -13.71% | +3.03% |
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 DrawdownCurrent decline from peak | -52.47% | -8.98% | -43.49% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -7.74% | -19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.90% | +1.28% |
Volatility
JPYUSD=X vs. IBAT - Volatility Comparison
The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while iShares Energy Storage & Materials ETF (IBAT) has a volatility of 13.41%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than IBAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPYUSD=X | IBAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 13.41% | -12.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 22.68% | -17.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 28.18% | -20.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 24.58% | -15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 24.58% | -15.68% |
Frequently Asked Questions
JPYUSD=X and IBAT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBAT has higher volatility (13.41%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs IBAT's -28.26%.
IBAT currently has the higher Sharpe Ratio (3.63 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.
Find the right allocation for JPYUSD=X and IBAT
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