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ETFs

Invesco CurrencyShares Japanese Yen Trust

FXY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 12 2007
Expense Ratio
0.40%
Type
Global Ex. US Currency
Fund Owner
Invesco
Volume (1m avg. daily)
$4,602,836
AUM
$222,659,148
Associated Index
Japanese Yen
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

JPY
Japanese Yen
100.00%
Invest with FXY

What is FXY?

The Invesco CurrencyShares Japanese Yen Trust (the "trust") is designed to track the price of the Japanese yen, and trades under the ticker symbol FXY. The Japanese yen is the national currency of Japan and the currency of the accounts of the Bank of Japan, the Japanese central bank. The Fund is rebalanced quarterly.

ETFs related toFXY

ETFs correlated to FXY include BWX, IAUM, SGOL

FXY
Rydex Investments - Invesco CurrencyShares Japanese Yen Trust
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFXY

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FXY using Composer

FAQ

FXY is a Global Ex. US Currency ETF. The Invesco CurrencyShares Japanese Yen Trust (the "trust") is designed to track the price of the Japanese yen, and trades under the ticker symbol FXY. The Japanese yen is the national currency of Japan and the currency of the accounts of the Bank of Japan, the Japanese central bank. The Fund is rebalanced quarterly.

FXY tracks the Japanese Yen.

No, FXY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FXY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FXY is -0.021%. This is the percent change in the value of FXY over the most recent 1-month period. The 3-month return on FXY is -0.0382%. This is the percent change in the value of FXY over the most recent 3-month period.

The standard deviation of FXY for the past year is 0.1225%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FXY include FXF, FXB, and FXC.

ETFs correlated to FXY include BWX, IAUM, and SGOL.

ETFs that are inversely correlated to FXY include UUP, GLL, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.