Invesco CurrencyShares Japanese Yen Trust
$57.91−0.30 (−0.52%)
- Expense ratio
- 0.40%
- Fund size
- $478M
- 1Y return
- −6.6%
- Yield · Last 12 months
- —
- Volume · 30D
- 0.3M sh
- NAV per share
- $58.23
- 52W range
The ETF.net FXY Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 15Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on FXY
CThe yen, in a brokerage account. FXY is a grantor trust that has held Japanese yen since 2007 and aims to reflect the currency's dollar price plus accrued interest, after trust expenses. One moving part.
The Trust seeks to have its shares reflect the U.S.-dollar price of the Japanese yen, plus accrued interest, less the Trust’s operating expenses.
Why people hold it
- Simple by design: a grantor trust built to give investors benefits similar to holding yen itself, so there is no index to track and no futures ladder to roll.
- Listed since 2007, which means a long public record across multiple yen cycles rather than a fund that showed up after the story got popular.
- Moderately traded, and one of the stronger implementations in a small cohort of single-currency funds.
Worth knowing
- This is one exchange rate and nothing else. Moves in the dollar price of the yen come through directly, with no stocks or bonds underneath to soften them.
- Income is not the mechanism. Interest accrues inside the trust and expenses come off the top, and the trust has not been making distributions.
- The 0.40% fee is the going rate across the CurrencyShares lineup (FXE, FXB, FXF) and the cohort median, so cost is not the tiebreaker here.
FXY Holdings
- Other
- —
- 100%
- CASH & EQUIVALENTS
FXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FXY$9,345
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FXY |
|---|---|
| Year to date | −0.8% |
| 1 month | +0.9% |
| 3 months | +2.5% |
| 1 year | −6.6% |
| 3 years | −2.4% |
| 5 years | −7.4% |
| 10 years | −4.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FXY |
|---|---|---|
| 2026 YTD | −0.8% | |
| 2025 | +0.1% | |
| 2024 | −10.9% | |
| 2023 | −7.4% | |
| 2022 | −12.8% | |
| 2021 | −10.9% | |
| 2020 | +4.6% |
FXY in the news
FXY Dividends
No distributions in the last 12 months.
FXY Risk
- 10.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −34.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FXY Cost
0.40%
FXY0.40%
- The middle half of Single Currency funds
- Median 0.40%
No Single Currency fund charges less.