JPYUSD=X vs. IXJ
JPYUSD=X (JPY/USD) is a currency, while IXJ (iShares Global Healthcare ETF) is Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index. Over the past 10 years, JPYUSD=X returned -4.19%/yr vs 8.43%/yr for IXJ. At a correlation of -0.13, they often move in opposite directions.
Performance
JPYUSD=X vs. IXJ - Performance Comparison
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Returns By Period
In the year-to-date period, JPYUSD=X achieves a -2.12% return, which is significantly lower than IXJ's -1.18% return. Over the past 10 years, JPYUSD=X has underperformed IXJ with an annualized return of -4.19%, while IXJ has yielded a comparatively higher 8.43% annualized 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%
IXJ
- 1D
- -0.24%
- 1M
- 3.58%
- YTD
- -1.18%
- 6M
- -0.09%
- 1Y
- 11.25%
- 3Y*
- 5.65%
- 5Y*
- 4.37%
- 10Y*
- 8.43%
JPYUSD=X vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPYUSD=X JPY/USD | -2.12% | 0.33% | -10.26% | -7.04% | -12.23% | -10.24% | 5.18% | 0.86% | 2.82% | 3.91% |
IXJ iShares Global Healthcare ETF | -1.18% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
Correlation
The correlation between JPYUSD=X and IXJ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | -0.13 |
The correlation between JPYUSD=X and IXJ shifts across timeframes, from -0.13 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPYUSD=X vs. IXJ — Risk / Return Rank
JPYUSD=X
IXJ
JPYUSD=X vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and iShares Global Healthcare ETF (IXJ). 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 | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.13 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.95 | -1.71 |
| Martin ratioReturn relative to average drawdown | -1.11 | 2.29 | -3.40 |
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Drawdowns
JPYUSD=X vs. IXJ - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -52.96%, which is greater than IXJ's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and IXJ.
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Drawdown Indicators
| JPYUSD=X | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.96% | -40.60% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -10.78% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -18.14% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -18.14% | -14.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -27.35% | -10.86% |
Current DrawdownCurrent decline from peak | -52.47% | -5.37% | -47.10% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -6.92% | -20.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.52% | +1.66% |
Volatility
JPYUSD=X vs. IXJ - Volatility Comparison
The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while iShares Global Healthcare ETF (IXJ) has a volatility of 4.81%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPYUSD=X | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 4.81% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 10.46% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 14.92% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 14.26% | -4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 15.70% | -6.80% |
Frequently Asked Questions
JPYUSD=X and IXJ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXJ has higher volatility (4.81%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs IXJ's -40.60%.
IXJ currently has the higher Sharpe Ratio (0.69 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.
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