Invesco CurrencyShares Japanese Yen ETF (FXY) Performance
FXY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.4% since Dec 31, 2025
- 1 year
- −3.1% total return
- 5 years
- −6.7% a year
- 10 years
- −4.5% a year
- Since first price
- −1.7% a year since 2007
FXY trailing returns vs SPY, QQQ, AGG
| Period | FXY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.3% | +4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.6% | +1.6% | +7.8% | +8.4% | −1.5% |
| YTD | −0.4% | −0.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −3.1% | −3.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −5.9%−2.0%/yr | −5.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −29.5%−6.7%/yr | −29.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −37.2%−4.5%/yr | −37.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −54.9%−5.2%/yr | −54.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 13, 2007 | −29.4%−1.7%/yr | −29.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FXY vs SPY
From Feb 13, 2007: FXY grew to $7,065, SPY to $75,306.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FXY returns by calendar year
9 of 18 full years positive. Best 2008 (+22.9%), worst 2013 (−17.9%). 2026 is year to date.
FXY annual returns table
| Year | FXY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.4% | −7.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.1% | −11.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −10.9% | −12.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −7.4% | −16.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.8% | −24.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −10.9% | −11.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +4.6% | −8.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +0.4% | −4.4% | +31.2% | +39.0% | +8.5% |
| 2018 | +2.3% | −8.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +3.2% | −5.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.3% | −15.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.7% | −7.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −12.5% | −17.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −17.9% | −17.7% | +32.3% | +36.6% | −2.0% |
| 2012 | −11.6% | −12.5% | +16.0% | +18.1% | +3.8% |
| 2011 | +5.1% | −7.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.2% | −6.6% | +15.1% | +19.9% | +6.4% |
| 2009 | −3.2% | −12.3% | +26.4% | +54.7% | +3.0% |
| 2008 | +22.9% | −12.0% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FXY largest drawdowns
Now 55.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 28, 2011 | −57.0% | Jul 28, 2026 | not yet | 14.7 years | 15.0 years so far |
| Dec 17, 2008 | −13.6% | Apr 6, 2009 | Nov 27, 2009 | 4 months | 11 months |
| Mar 17, 2008 | −12.0% | Aug 15, 2008 | Oct 23, 2008 | 5 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FXY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −2.2% | −7.2% | −4.8% | −1.9% |
| Volatility (annualized) | 10.1% | 10.8% | 9.0% | 9.6% |
| Sharpe ratio | -0.60 | -0.97 | -0.76 | -0.29 |
| Sortino ratio | -0.77 | -1.15 | -0.90 | -0.39 |
| Best month | +7.2% | +7.5% | +7.5% | +7.5% |
| Worst month | −5.5% | −6.2% | −8.4% | −8.4% |
| Best 12 months | +11.2% | +11.2% | +11.2% | +22.9% |
| Worst 12 months | −11.7% | −23.8% | −23.8% | −23.8% |
| Positive months | 44% | 42% | 48% | 50% |
| Beta vs S&P 500 | 0.17 | 0.19 | 0.07 | — |
| Correlation with S&P 500 | 0.21 | 0.28 | 0.12 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FXY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −23.8% | −1.0% | +22.9% | 43% |
| 3-year (a year) | 201 | −14.6% | −2.4% | +12.4% | 34% |
| 5-year (a year) | 177 | −8.5% | −4.3% | +8.8% | 21% |
| 10-year (a year) | 117 | −6.5% | −2.9% | +0.6% | 6% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
FXY performance overview
Invesco CurrencyShares Japanese Yen ETF (FXY) returned −3.1% over the past year and −4.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −1.7% a year, turning $10,000 into about $7,065. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −57.0%, from Oct 28, 2011 to Jul 28, 2026; the fund has not yet regained that high. FXY finished 9 of its 18 full calendar years with a gain; the best year was 2008 (+22.9%) and the worst 2013 (−17.9%). Volatility has been 9.6% a year.
Related: FXY chart. See the FXY overview for the latest quote and fund facts.
FXY performance FAQ
What is the FXY return over the past year?
FXY returned −3.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.1%.
What is the average annual return of FXY?
FXY has returned −6.7% a year over 5 years, −4.5% a year over 10 years, −1.7% a year since February 13, 2007 (total return, distributions reinvested).
How much would $10,000 invested in FXY be worth?
$10,000 invested in FXY at its first recorded close on February 13, 2007 would be worth about $7,065 on October 23, 2026 with distributions reinvested.
What was the worst year for FXY?
The worst calendar year was 2013, with a total return of −17.9%. The best was 2008 at +22.9%.
What is the biggest drawdown of FXY?
The largest peak-to-trough decline was −57.0% between October 28, 2011 and July 28, 2026. It has not yet recovered to that high; it is 55.1% below its peak.
How volatile is FXY?
Over the past 3 years FXY had an annualized volatility of 10.1% and a Sharpe ratio of -0.60 (excess return over 1–3 month T-bills per unit of risk).