XMR-USD vs. JPY=X
XMR-USD (Monero) is a cryptocurrency, while JPY=X (USD/JPY) is a currency. Over the past 10 years, XMR-USD returned 77.53%/yr vs -0.00%/yr for JPY=X. At a 0.01 correlation, their price movements are largely independent.
Performance
XMR-USD vs. JPY=X - Performance Comparison
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Different Trading Currencies
XMR-USD 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, XMR-USD achieves a -28.16% return, which is significantly lower than JPY=X's -0.15% return.
XMR-USD
- 1D
- -16.60%
- 1M
- -25.14%
- YTD
- -28.16%
- 6M
- -21.98%
- 1Y
- -1.73%
- 3Y*
- 28.39%
- 5Y*
- 2.71%
- 10Y*
- 77.53%
JPY=X
- 1D
- -0.06%
- 1M
- -0.07%
- YTD
- -0.15%
- 6M
- -0.04%
- 1Y
- 0.00%
- 3Y*
- -0.01%
- 5Y*
- 0.00%
- 10Y*
- -0.00%
XMR-USD vs. JPY=X - Yearly Performance Comparison
Correlation
The correlation between XMR-USD and JPY=X is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 21, 2014 | 0.01 |
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Return for Risk
XMR-USD vs. JPY=X — Risk / Return Rank
XMR-USD
JPY=X
XMR-USD vs. JPY=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monero (XMR-USD) 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.
| XMR-USD | JPY=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.00 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.06 | 0.00 | -0.06 |
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
| XMR-USD | JPY=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.00 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.00 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | -0.00 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.01 | +0.46 |
Drawdowns
XMR-USD vs. JPY=X - Drawdown Comparison
The maximum XMR-USD drawdown since its inception was -95.68%, 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 XMR-USD and JPY=X.
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Drawdown Indicators
| XMR-USD | JPY=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.68% | -3.46% | -92.22% |
Max Drawdown (1Y)Largest decline over 1 year | -58.97% | -0.55% | -58.42% |
Max Drawdown (3Y)Largest decline over 3 years | -58.97% | -1.14% | -57.83% |
Max Drawdown (5Y)Largest decline over 5 years | -67.28% | -1.14% | -66.14% |
Max Drawdown (10Y)Largest decline over 10 years | -93.09% | -1.19% | -91.90% |
Current DrawdownCurrent decline from peak | -56.25% | -2.43% | -53.82% |
Average DrawdownAverage peak-to-trough decline | -62.54% | -2.08% | -60.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.23% | 0.40% | +35.83% |
Volatility
XMR-USD vs. JPY=X - Volatility Comparison
Monero (XMR-USD) has a higher volatility of 30.62% compared to USD/JPY (JPY=X) at 0.15%. This indicates that XMR-USD'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
| XMR-USD | JPY=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.62% | 0.15% | +30.47% |
Volatility (6M)Calculated over the trailing 6-month period | 67.41% | 0.81% | +66.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.17% | 1.48% | +65.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.16% | 1.20% | +60.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.79% | 1.16% | +86.63% |
Frequently Asked Questions
XMR-USD and JPY=X have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMR-USD has higher volatility (30.62%) compared to JPY=X (0.15%). In terms of maximum drawdown, XMR-USD dropped -95.68% vs JPY=X's -3.46%.
JPY=X currently has the higher Sharpe Ratio (0.00 vs -0.02), 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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