JPYUSD=X vs. VDE

Last updated Jun 4, 2026

JPYUSD=X (JPY/USD) is a currency, while VDE (Vanguard Energy ETF) is Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 10 years, JPYUSD=X returned -3.98%/yr vs 9.70%/yr for VDE. At a correlation of -0.19, they often move in opposite directions.

Performance

JPYUSD=X vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPY/USD (JPYUSD=X) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPYUSD=X achieves a -2.00% return, which is significantly lower than VDE's 32.24% return. Over the past 10 years, JPYUSD=X has underperformed VDE with an annualized return of -3.98%, while VDE has yielded a comparatively higher 9.70% annualized return.

JPYUSD=X

• 1D: -0.17%
• 1M: -1.69%
• YTD: -2.00%
• 6M: -2.90%
• 1Y: -9.92%
• 3Y*: -4.34%
• 5Y*: -7.29%
• 10Y*: -3.98%

VDE

• 1D: 1.13%
• 1M: -2.17%
• YTD: 32.24%
• 6M: 29.32%
• 1Y: 45.53%
• 3Y*: 17.97%
• 5Y*: 20.43%
• 10Y*: 9.70%

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

JPYUSD=X vs. VDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPYUSD=X JPY/USD	-2.00%	0.33%	-10.26%	-7.04%	-12.23%	-10.24%	5.18%	0.86%	2.82%	3.91%
VDE Vanguard Energy ETF	32.24%	7.11%	6.75%	0.03%	62.89%	56.31%	-33.02%	9.28%	-19.95%	-2.50%

Correlation

The correlation between JPYUSD=X and VDE is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (10Y) Calculated over the trailing 10-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	-0.19

The correlation between JPYUSD=X and VDE shifts across timeframes, from -0.19 (all time) to -0.06 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JPYUSD=X vs. VDE — 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: 14
JPYUSD=X Sharpe Ratio Rank: 12
JPYUSD=X Sortino Ratio Rank: 10
JPYUSD=X Omega Ratio Rank: 11
JPYUSD=X Calmar Ratio Rank: 18
JPYUSD=X Martin Ratio Rank: 19

VDE

VDE Risk / Return Rank: 64
VDE Sharpe Ratio Rank: 66
VDE Sortino Ratio Rank: 60
VDE Omega Ratio Rank: 57
VDE Calmar Ratio Rank: 75
VDE Martin Ratio Rank: 62

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. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and Vanguard Energy ETF (VDE). 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.

	JPYUSD=X	VDE	Difference
Sharpe ratio Return per unit of total volatility	-1.06	2.25	-3.31
Sortino ratio Return per unit of downside risk	-1.55	2.88	-4.43
Omega ratio Gain probability vs. loss probability	0.83	1.36	-0.53
Calmar ratio Return relative to maximum drawdown	-0.73	3.88	-4.61
Martin ratio Return relative to average drawdown	-1.08	11.42	-12.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPYUSD=X vs. VDE - Sharpe Ratio Comparison

The current JPYUSD=X Sharpe Ratio is -1.06, which is lower than the VDE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of JPYUSD=X and VDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPYUSD=X	VDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.06	2.25	-3.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.70	0.78	-1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.42	0.33	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.28	-0.41

Drawdowns

JPYUSD=X vs. VDE - Drawdown Comparison

The maximum JPYUSD=X drawdown since its inception was -52.96%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and VDE.

Drawdown Indicators

	JPYUSD=X	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-52.96%	-74.20%	+21.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.01%	-11.80%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-21.41%	+6.78%
Max Drawdown (5Y) Largest decline over 5 years	-32.59%	-26.58%	-6.01%
Max Drawdown (10Y) Largest decline over 10 years	-38.21%	-69.29%	+31.08%
Current Drawdown Current decline from peak	-52.41%	-6.43%	-45.98%
Average Drawdown Average peak-to-trough decline	-26.83%	-19.96%	-6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	4.00%	+1.96%

Volatility

JPYUSD=X vs. VDE - Volatility Comparison

The current volatility for JPY/USD (JPYUSD=X) is 0.74%, while Vanguard Energy ETF (VDE) has a volatility of 7.99%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPYUSD=X	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	7.99%	-7.25%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	16.33%	-10.76%
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	20.38%	-12.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.57%	26.40%	-16.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.91%	29.93%	-21.02%

Frequently Asked Questions

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

JPYUSD=X and VDE have a correlation of -0.09, 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 VDE?

VDE has higher volatility (7.99%) compared to JPYUSD=X (0.74%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs VDE's -74.20%.

Which has better risk-adjusted returns?

VDE currently has the higher Sharpe Ratio (2.25 vs -1.06), 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.