SOBO.TO vs. JPYUSD=X

Last updated Jun 13, 2026

SOBO.TO (South Bow Corp) is a stock, while JPYUSD=X (JPY/USD) is a currency. Over the past year, SOBO.TO returned 55.36% vs -7.60% for JPYUSD=X. At a correlation of -0.05, they often move in opposite directions.

Performance

SOBO.TO vs. JPYUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in South Bow Corp (SOBO.TO) and JPY/USD (JPYUSD=X). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOBO.TO is traded in CAD, while JPYUSD=X is traded in USD. To make them comparable, the JPYUSD=X values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOBO.TO achieves a 43.31% return, which is significantly higher than JPYUSD=X's -0.24% return.

SOBO.TO

• 1D: 1.25%
• 1M: 4.02%
• YTD: 43.31%
• 6M: 46.62%
• 1Y: 55.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPYUSD=X

• 1D: 0.00%
• 1M: 0.87%
• YTD: -0.24%
• 6M: -1.35%
• 1Y: -7.60%
• 3Y*: -2.81%
• 5Y*: -4.59%
• 10Y*: -3.44%

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

SOBO.TO vs. JPYUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOBO.TO South Bow Corp	43.31%	19.87%	23.73%
JPYUSD=X JPY/USD	-0.24%	-4.25%	-3.30%

Correlation

The correlation between SOBO.TO and JPYUSD=X is -0.07, 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	-0.07
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.05

Return for Risk

SOBO.TO vs. JPYUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOBO.TO

SOBO.TO Risk / Return Rank: 92
SOBO.TO Sharpe Ratio Rank: 94
SOBO.TO Sortino Ratio Rank: 94
SOBO.TO Omega Ratio Rank: 92
SOBO.TO Calmar Ratio Rank: 91
SOBO.TO Martin Ratio Rank: 91

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

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.

SOBO.TO vs. JPYUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for South Bow Corp (SOBO.TO) and JPY/USD (JPYUSD=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.

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.

	SOBO.TO	JPYUSD=X	Difference
Sharpe ratio: Return per unit of total volatility	2.72	-0.75	+3.47
Sortino ratio: Return per unit of downside risk	3.70	-1.03	+4.73
Omega ratio: Gain probability vs. loss probability	1.44	0.87	+0.57
Calmar ratio: Return relative to maximum drawdown	4.48	-0.60	+5.08
Martin ratio: Return relative to average drawdown	11.83	-0.99	+12.82

SOBO.TO vs. JPYUSD=X - Sharpe Ratio Comparison

The current SOBO.TO Sharpe Ratio is 2.72, which is higher than the JPYUSD=X Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of SOBO.TO and JPYUSD=X, 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

SOBO.TO vs. JPYUSD=X - Drawdown Comparison

The maximum SOBO.TO drawdown since its inception was -26.40%, smaller than the maximum JPYUSD=X drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for SOBO.TO and JPYUSD=X.

Drawdown Indicators

	SOBO.TO	JPYUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-39.93%	+13.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-10.21%	-1.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.69%	—
Current Drawdown Current decline from peak	0.00%	-37.91%	+37.91%
Average Drawdown Average peak-to-trough decline	-4.69%	-19.88%	+15.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	6.65%	-2.05%

Volatility

SOBO.TO vs. JPYUSD=X - Volatility Comparison

South Bow Corp (SOBO.TO) has a higher volatility of 7.30% compared to JPY/USD (JPYUSD=X) at 1.04%. This indicates that SOBO.TO's price experiences larger fluctuations and is considered to be riskier than JPYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOBO.TO	JPYUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	1.04%	+6.26%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	5.67%	+9.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	8.26%	+11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.55%	11.22%	+33.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.55%	10.93%	+33.62%

Frequently Asked Questions

Can I hold both SOBO.TO and JPYUSD=X in my portfolio?

SOBO.TO and JPYUSD=X have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.