JPYUSD=X vs. XLU
JPYUSD=X (JPY/USD) is a currency, while XLU (State Street Utilities Select Sector SPDR ETF) is Utilities Equities fund tracking the Utilities Select Sector Index. Over the past 10 years, JPYUSD=X returned -4.19%/yr vs 9.20%/yr for XLU. At a correlation of -0.06, they often move in opposite directions.
Performance
JPYUSD=X vs. XLU - 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 XLU's 5.04% return. Over the past 10 years, JPYUSD=X has underperformed XLU with an annualized return of -4.19%, while XLU has yielded a comparatively higher 9.20% 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%
XLU
- 1D
- 1.09%
- 1M
- 1.50%
- YTD
- 5.04%
- 6M
- 5.48%
- 1Y
- 12.50%
- 3Y*
- 13.79%
- 5Y*
- 9.41%
- 10Y*
- 9.20%
JPYUSD=X vs. XLU - 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% |
XLU State Street Utilities Select Sector SPDR ETF | 5.04% | 16.03% | 23.31% | -7.18% | 1.44% | 17.70% | 0.51% | 25.93% | 3.94% | 12.05% |
Correlation
The correlation between JPYUSD=X and XLU is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | -0.06 |
The correlation between JPYUSD=X and XLU shifts across timeframes, from -0.06 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPYUSD=X vs. XLU — Risk / Return Rank
JPYUSD=X
XLU
JPYUSD=X vs. XLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPY/USD (JPYUSD=X) and State Street Utilities Select Sector SPDR ETF (XLU). 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 | XLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.15 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.30 | -2.06 |
| Martin ratioReturn relative to average drawdown | -1.11 | 2.80 | -3.91 |
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Drawdowns
JPYUSD=X vs. XLU - Drawdown Comparison
The maximum JPYUSD=X drawdown since its inception was -52.96%, roughly equal to the maximum XLU drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for JPYUSD=X and XLU.
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Drawdown Indicators
| JPYUSD=X | XLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.96% | -51.98% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -9.18% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -17.26% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -25.26% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.21% | -36.07% | -2.14% |
Current DrawdownCurrent decline from peak | -52.47% | -6.05% | -46.42% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -10.22% | -16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.25% | +1.93% |
Volatility
JPYUSD=X vs. XLU - Volatility Comparison
The current volatility for JPY/USD (JPYUSD=X) is 0.69%, while State Street Utilities Select Sector SPDR ETF (XLU) has a volatility of 5.59%. This indicates that JPYUSD=X experiences smaller price fluctuations and is considered to be less risky than XLU 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 | XLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 5.59% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 11.68% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 14.66% | -7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 17.34% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 19.27% | -10.37% |
Frequently Asked Questions
JPYUSD=X and XLU have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLU has higher volatility (5.59%) compared to JPYUSD=X (0.69%). In terms of maximum drawdown, JPYUSD=X dropped -52.96% vs XLU's -51.98%.
XLU currently has the higher Sharpe Ratio (0.81 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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