JPYUSD=X vs. TRP
JPYUSD=X (JPY/USD) is a currency, while TRP (TC Energy Corporation) is a stock. Over the past 10 years, JPYUSD=X returned -4.19%/yr vs 12.24%/yr for TRP. At a correlation of -0.08, they often move in opposite directions.
Performance
JPYUSD=X vs. TRP - 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 TRP's 27.41% return. Over the past 10 years, JPYUSD=X has underperformed TRP with an annualized return of -4.19%, while TRP has yielded a comparatively higher 12.24% 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%
TRP
- 1D
- 0.12%
- 1M
- 1.69%
- YTD
- 27.41%
- 6M
- 29.66%
- 1Y
- 46.49%
- 3Y*
- 30.95%
- 5Y*
- 14.55%
- 10Y*
- 12.24%
JPYUSD=X vs. TRP - 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% |
TRP TC Energy Corporation | 27.41% | 24.02% | 39.88% | 6.09% | -7.83% | 20.99% | -19.09% | 56.30% | -22.64% | 13.51% |
Correlation
The correlation between JPYUSD=X and TRP is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
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 | -0.08 |
The correlation between JPYUSD=X and TRP shifts across timeframes, from -0.08 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPYUSD=X vs. TRP — Risk / Return Rank
JPYUSD=X
TRP
JPYUSD=X vs. TRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and TC Energy Corporation (TRP). 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 | TRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.42 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 4.70 | -5.46 |
| Martin ratioReturn relative to average drawdown | -1.11 | 14.42 | -15.53 |
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Drawdowns
JPYUSD=X vs. TRP - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -52.96%, smaller than the maximum TRP drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and TRP.
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Drawdown Indicators
| JPYUSD=X | TRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.96% | -62.52% | +9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.65% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -17.00% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -37.05% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -41.64% | +3.43% |
Current DrawdownCurrent decline from peak | -52.47% | -2.14% | -50.33% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -11.72% | -15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 3.26% | +2.92% |
Volatility
JPYUSD=X vs. TRP - Volatility Comparison
The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while TC Energy Corporation (TRP) has a volatility of 5.62%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than TRP 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 | TRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 5.62% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 13.27% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 17.71% | -10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 21.86% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 24.83% | -15.93% |
Frequently Asked Questions
JPYUSD=X and TRP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRP has higher volatility (5.62%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs TRP's -62.52%.
TRP currently has the higher Sharpe Ratio (2.56 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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