JPYUSD=X vs. PPL.TO
JPYUSD=X (JPY/USD) is a currency, while PPL.TO (Pembina Pipeline Corporation) is a stock. Over the past 10 years, JPYUSD=X returned -4.19%/yr vs 10.60%/yr for PPL.TO. At a correlation of -0.10, they often move in opposite directions.
Performance
JPYUSD=X vs. PPL.TO - Performance Comparison
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Different Trading Currencies
JPYUSD=X is traded in USD, while PPL.TO is traded in CAD. To make them comparable, the PPL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPYUSD=X achieves a -2.12% return, which is significantly lower than PPL.TO's 28.18% return. Over the past 10 years, JPYUSD=X has underperformed PPL.TO with an annualized return of -4.19%, while PPL.TO has yielded a comparatively higher 10.60% 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%
PPL.TO
- 1D
- -0.64%
- 1M
- -1.43%
- YTD
- 28.18%
- 6M
- 26.37%
- 1Y
- 32.53%
- 3Y*
- 22.00%
- 5Y*
- 13.84%
- 10Y*
- 10.60%
JPYUSD=X vs. PPL.TO - 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% |
PPL.TO Pembina Pipeline Corporation | 28.18% | 8.72% | 13.13% | 8.13% | 19.09% | 36.19% | -30.75% | 30.11% | -13.55% | 22.01% |
Correlation
The correlation between JPYUSD=X and PPL.TO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | -0.10 |
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Return for Risk
JPYUSD=X vs. PPL.TO — Risk / Return Rank
JPYUSD=X
PPL.TO
JPYUSD=X vs. PPL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and Pembina Pipeline Corporation (PPL.TO). 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 | PPL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.31 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.80 | -3.56 |
| Martin ratioReturn relative to average drawdown | -1.11 | 6.47 | -7.58 |
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Drawdowns
JPYUSD=X vs. PPL.TO - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -52.96%, smaller than the maximum PPL.TO drawdown of -71.00%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and PPL.TO.
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Drawdown Indicators
| JPYUSD=X | PPL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.96% | -71.00% | +18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -12.40% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -19.03% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -26.90% | -5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -71.00% | +32.79% |
Current DrawdownCurrent decline from peak | -52.47% | -2.65% | -49.82% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -14.11% | -12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 5.35% | +0.83% |
Volatility
JPYUSD=X vs. PPL.TO - Volatility Comparison
The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while Pembina Pipeline Corporation (PPL.TO) has a volatility of 6.14%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than PPL.TO 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 | PPL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 6.14% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 13.80% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 19.58% | -12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 19.85% | -10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 31.56% | -22.66% |
Frequently Asked Questions
JPYUSD=X and PPL.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for JPYUSD=X and PPL.TO
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