UJPIX vs. FXY
UJPIX (ProFunds UltraJapan Fund) and FXY (Invesco CurrencyShares® Japanese Yen Trust) are both funds - UJPIX is a Leveraged Equities fund managed by ProFunds, while FXY is a Currency fund tracking the Japanese Yen. Over the past 10 years, UJPIX returned 26.70%/yr vs -4.95%/yr for FXY. Their -0.48 correlation means they have often moved in opposite directions in the past. UJPIX charges 1.78%/yr vs 0.40%/yr for FXY.
Performance
UJPIX vs. FXY - Performance Comparison
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Returns By Period
In the year-to-date period, UJPIX achieves a 51.04% return, which is significantly higher than FXY's -1.72% return. Over the past 10 years, UJPIX has outperformed FXY with an annualized return of 26.70%, while FXY has yielded a comparatively lower -4.95% annualized return.
UJPIX
- 1D
- 7.89%
- 1M
- -13.79%
- 6M
- 34.98%
- YTD
- 51.04%
- 1Y
- 140.92%
- 3Y*
- 46.83%
- 5Y*
- 35.45%
- 10Y*
- 26.70%
- ALL TIME*
- 8.22%
FXY
- 1D
- 0.14%
- 1M
- 1.25%
- 6M
- -2.96%
- YTD
- -1.72%
- 1Y
- -7.64%
- 3Y*
- -3.84%
- 5Y*
- -7.64%
- 10Y*
- -4.95%
- ALL TIME*
- -1.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.81M | $16.82M | $12.69M | |
| $0.00 | $0.00 | $0.00 |
UJPIX vs. FXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJPIX ProFunds UltraJapan Fund | 51.04% | 60.72% | 28.67% | 70.81% | -21.63% | 6.44% | 23.36% | 40.42% | -25.61% | 39.72% |
FXY Invesco CurrencyShares® Japanese Yen Trust | -1.72% | 0.09% | -10.93% | -7.44% | -12.75% | -10.90% | 4.61% | 0.37% | 2.31% | 3.17% |
Correlation
The correlation between UJPIX and FXY is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2007 | -0.48 |
The correlation between UJPIX and FXY shifts across timeframes, from -0.48 (all time) to 0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UJPIX vs. FXY — Risk / Return Rank
UJPIX
FXY
UJPIX vs. FXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraJapan Fund (UJPIX) and Invesco CurrencyShares® Japanese Yen Trust (FXY). 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.
| UJPIX | FXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.89 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | -0.52 | +4.91 |
| Martin ratioReturn relative to average drawdown | 13.74 | -0.84 | +14.58 |
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Drawdowns
UJPIX vs. FXY - Drawdown Comparison
The maximum UJPIX drawdown since its inception was -89.83%, which is greater than FXY's maximum drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for UJPIX and FXY.
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Drawdown Indicators
| UJPIX | FXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.83% | -56.95% | -32.88% |
Max Drawdown (1Y)Largest decline over 1 year | -30.55% | -10.86% | -19.69% |
Max Drawdown (3Y)Largest decline over 3 years | -43.92% | -14.91% | -29.01% |
Max Drawdown (5Y)Largest decline over 5 years | -43.92% | -34.99% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -42.08% | -14.91% |
Current DrawdownCurrent decline from peak | -25.07% | -55.68% | +30.61% |
Average DrawdownAverage peak-to-trough decline | -49.70% | -27.96% | -21.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 6.67% | +3.07% |
Volatility
UJPIX vs. FXY - Volatility Comparison
ProFunds UltraJapan Fund (UJPIX) has a higher volatility of 18.92% compared to Invesco CurrencyShares® Japanese Yen Trust (FXY) at 3.00%. This indicates that UJPIX's price experiences larger fluctuations and is considered to be riskier than FXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJPIX | FXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.92% | 3.00% | +15.92% |
Volatility (6M)Calculated over the trailing 6-month period | 45.20% | 5.52% | +39.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 8.30% | +46.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.66% | 10.29% | +33.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.72% | 9.13% | +32.59% |
UJPIX vs. FXY - Expense Ratio Comparison
UJPIX has a 1.78% expense ratio, which is higher than FXY's 0.40% expense ratio.
Dividends
UJPIX vs. FXY - Dividend Comparison
UJPIX's dividend yield for the trailing twelve months is around 26.29%, while FXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJPIX ProFunds UltraJapan Fund | 26.29% | 39.71% | 0.00% | 0.00% | 0.00% | 14.19% | 0.00% | 0.00% | 2.64% |
Frequently Asked Questions
UJPIX and FXY have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UJPIX has higher volatility (18.92%) compared to FXY (3.00%). In terms of maximum drawdown, UJPIX dropped -89.83% vs FXY's -56.95%.
UJPIX currently has the higher Sharpe Ratio (2.43 vs -0.68), 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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