JPYUSD=X vs. RSPS

Last updated Jun 15, 2026

JPYUSD=X (JPY/USD) is a currency, while RSPS (Invesco S&P 500 Equal Weight Consumer Staples ETF) is Consumer Staples Equities fund tracking the S&P 500 Equal Weighted / Consumer Staples -SEC. Over the past 10 years, JPYUSD=X returned -4.19%/yr vs 4.67%/yr for RSPS. At a correlation of -0.11, they often move in opposite directions.

Performance

JPYUSD=X vs. RSPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPY/USD (JPYUSD=X) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS). 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 lower than RSPS's 7.30% return. Over the past 10 years, JPYUSD=X has underperformed RSPS with an annualized return of -4.19%, while RSPS has yielded a comparatively higher 4.67% 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%

RSPS

• 1D: 0.65%
• 1M: 4.11%
• YTD: 7.30%
• 6M: 4.56%
• 1Y: 6.07%
• 3Y*: 0.13%
• 5Y*: 1.38%
• 10Y*: 4.67%

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

JPYUSD=X vs. RSPS - 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%
RSPS Invesco S&P 500 Equal Weight Consumer Staples ETF	7.30%	-0.88%	-1.47%	-5.39%	2.88%	14.68%	6.19%	28.17%	-10.86%	14.20%

Correlation

The correlation between JPYUSD=X and RSPS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007	-0.11

The correlation between JPYUSD=X and RSPS shifts across timeframes, from -0.11 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JPYUSD=X vs. RSPS — 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

RSPS

RSPS Risk / Return Rank: 14
RSPS Sharpe Ratio Rank: 15
RSPS Sortino Ratio Rank: 15
RSPS Omega Ratio Rank: 14
RSPS Calmar Ratio Rank: 15
RSPS Martin Ratio Rank: 13

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. RSPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS). 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	RSPS	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	0.35	-1.44
Sortino ratio: Return per unit of downside risk	-1.60	0.60	-2.20
Omega ratio: Gain probability vs. loss probability	0.82	1.07	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.76	0.42	-1.18
Martin ratio: Return relative to average drawdown	-1.11	0.77	-1.89

JPYUSD=X vs. RSPS - Sharpe Ratio Comparison

The current JPYUSD=X Sharpe Ratio is -1.09, which is lower than the RSPS Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of JPYUSD=X and RSPS, 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. RSPS - Drawdown Comparison

The maximum JPYUSD=X drawdown since its inception was -52.96%, which is greater than RSPS's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and RSPS.

Drawdown Indicators

	JPYUSD=X	RSPS	Difference
Max Drawdown Largest peak-to-trough decline	-52.96%	-35.93%	-17.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-11.72%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-16.53%	+1.90%
Max Drawdown (5Y) Largest decline over 5 years	-32.59%	-18.61%	-13.98%
Max Drawdown (10Y) Largest decline over 10 years	-38.21%	-25.42%	-12.79%
Current Drawdown Current decline from peak	-52.47%	-6.32%	-46.15%
Average Drawdown Average peak-to-trough decline	-26.92%	-5.05%	-21.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.18%	6.29%	-0.11%

Volatility

JPYUSD=X vs. RSPS - Volatility Comparison

The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) has a volatility of 4.33%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than RSPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYUSD=X	RSPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	4.33%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	10.48%	-5.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.50%	13.78%	-6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	13.65%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.90%	14.89%	-5.99%

Frequently Asked Questions

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

JPYUSD=X and RSPS have a correlation of 0.21, 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 RSPS?

RSPS has higher volatility (4.33%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs RSPS's -35.93%.

Which has better risk-adjusted returns?

RSPS currently has the higher Sharpe Ratio (0.35 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.