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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)
$4,323,110
AUM
$220,695,087
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 UNIY, BWX, IGOV

FXY
Rydex Investments - Invesco CurrencyShares Japanese Yen Trust
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
DFJ
WisdomTree Trust - WisdomTree Japan SmallCap Dividend Fund
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
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
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF

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.

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 0.0163%. This is the percent change in the value of FXY over the most recent 1-month period. The 3-month return on FXY is 0.0238%. 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 0.1321%. 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 CEW, FXE, and FXF.

ETFs correlated to FXY include UNIY, BWX, and IGOV.

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

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.