NGAS.L vs. JPY=X
NGAS.L (WisdomTree Natural Gas ETF) is Commodities fund tracking the Bloomberg Natural Gas Sub Total Return Index, while JPY=X (USD/JPY) is a currency. Over the past 10 years, NGAS.L returned -23.06%/yr vs 0.00%/yr for JPY=X. At a correlation of -0.01, they often move in opposite directions.
Performance
NGAS.L vs. JPY=X - Performance Comparison
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Different Trading Currencies
NGAS.L is traded in USD, while JPY=X is traded in JPY. To make them comparable, the JPY=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NGAS.L achieves a -7.29% return, which is significantly lower than JPY=X's -0.09% return.
NGAS.L
- 1D
- 4.75%
- 1M
- 9.66%
- YTD
- -7.29%
- 6M
- -25.83%
- 1Y
- -34.14%
- 3Y*
- -25.17%
- 5Y*
- -24.98%
- 10Y*
- -23.06%
JPY=X
- 1D
- 0.01%
- 1M
- 0.05%
- YTD
- -0.09%
- 6M
- 0.07%
- 1Y
- 0.02%
- 3Y*
- 0.01%
- 5Y*
- 0.01%
- 10Y*
- 0.00%
NGAS.L vs. JPY=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGAS.L WisdomTree Natural Gas ETF | -7.29% | -24.72% | -26.18% | -65.28% | 20.27% | 25.42% | -43.27% | -40.74% | 2.93% | -37.77% |
JPY=X USD/JPY | -0.09% | 0.04% | 0.14% | -0.04% | -0.02% | 0.05% | -0.02% | -0.12% | 0.11% | 0.07% |
Correlation
The correlation between NGAS.L and JPY=X is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | -0.01 |
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Return for Risk
NGAS.L vs. JPY=X — Risk / Return Rank
NGAS.L
JPY=X
NGAS.L vs. JPY=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) and USD/JPY (JPY=X). 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.
| NGAS.L | JPY=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.00 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.03 | -0.75 |
| Martin ratioReturn relative to average drawdown | -1.02 | 0.05 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGAS.L | JPY=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 0.01 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.01 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | 0.00 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.02 | -0.60 |
Drawdowns
NGAS.L vs. JPY=X - Drawdown Comparison
The maximum NGAS.L drawdown since its inception was -99.91%, which is greater than JPY=X's maximum drawdown of -3.46%. Use the drawdown chart below to compare losses from any high point for NGAS.L and JPY=X.
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Drawdown Indicators
| NGAS.L | JPY=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -3.46% | -96.45% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -0.55% | -47.18% |
Max Drawdown (3Y)Largest decline over 3 years | -70.31% | -1.14% | -69.17% |
Max Drawdown (5Y)Largest decline over 5 years | -93.13% | -1.14% | -91.99% |
Max Drawdown (10Y)Largest decline over 10 years | -94.91% | -1.19% | -93.72% |
Current DrawdownCurrent decline from peak | -99.90% | -2.36% | -97.54% |
Average DrawdownAverage peak-to-trough decline | -89.09% | -2.08% | -87.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.35% | 0.40% | +32.95% |
Volatility
NGAS.L vs. JPY=X - Volatility Comparison
WisdomTree Natural Gas ETF (NGAS.L) has a higher volatility of 12.03% compared to USD/JPY (JPY=X) at 0.15%. This indicates that NGAS.L's price experiences larger fluctuations and is considered to be riskier than JPY=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGAS.L | JPY=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.03% | 0.15% | +11.88% |
Volatility (6M)Calculated over the trailing 6-month period | 47.46% | 0.80% | +46.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.58% | 1.48% | +54.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.04% | 1.20% | +57.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.66% | 1.16% | +49.50% |
Frequently Asked Questions
NGAS.L and JPY=X have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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