Invesco CurrencyShares Japanese Yen Trust
$57.89+0.11 (+0.19%)
- 0.40%
- $449M
- −4.8%
- 0.2M sh
- $57.88
- low $55.96high $61.26
The ETF.net FXY Grade
B
Score 55 out of 100
- 3 of 9
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 1 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F23 out of 100Rank 9 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 4 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 1 of 9
Our read on FXY
BThe 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
- 1
- 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$9,522
Returns run to the Oct 12, 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 | −1.5% |
| 1 month | −3.2% |
| 3 months | +1.8% |
| 1 year | −4.8% |
| 3 years | −2.3% |
| 5 years | −6.9% |
| 10 years | −4.6% |
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 | −1.5% | |
| 2025 | +0.1% | |
| 2024 | −10.9% | |
| 2023 | −7.4% | |
| 2022 | −12.8% | |
| 2021 | −10.9% | |
| 2020 | +4.6% |
FXY in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
FXY Dividends
No distributions in the last 12 months.
FXY Risk
- 10.1%
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.
- −0.61
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.
- −32.8%
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.
Other funds in Single Currency
- BFXEInvesco CurrencyShares Euro TrustExpense ratio 0.40%1 year return −3.1%
- BFXBInvesco CurrencyShares British Pound Sterling TrustExpense ratio 0.40%1 year return +1.1%
- CFXCInvesco CurrencyShares Canadian Dollar TrustExpense ratio 0.40%1 year return −1.9%
- CFXFInvesco CurrencyShares Swiss Franc TrustExpense ratio 0.40%1 year return −4.6%
- CUSDUWisdomTree Bloomberg U.S. Dollar Bullish FundExpense ratio 0.50%1 year return +5.6%