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Launched · SEC filings

Invesco CurrencyShares Japanese Yen Trust

FXYNYSE ArcaInvescoC

$58.05−0.14 (−0.24%)

At close: Nov 2, 2026, 4:00 PM ET

C55/ 100

Rank 3 of 9 in Single Currency

C55/100Rank 3 of 9inSingle Currency
Intraday session: down, 79 prints from 58.19 to 58.05. Range 58.04 to 58.16. Use the arrow keys to read each point.58.0858.1058.1358.1510 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$442M
1Y total return
−2.5%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
239K sh
52W range
low $55.96high $60.45
Launched
Filings
SEC EDGAR

The ETF.net FXY Grade

Based on 4 of 6 pillars

C

Score 55 out of 100

Category
Single Currency⁠
Rank
3 of 9
Six-pillar profile for FXY. Scores out of 100: Cost 67, Risk 25, Mission not scored, Tradability 57, Holdings not scored, Durability 70. Strongest: Durability (70). Weakest: Risk (25). Based on 4 of 6 pillars.

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. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 1 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 9 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 4 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 1 of 9

Our read on FXY

ETF.net Research

In short

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.

Stated mandate

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

Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
Cash & Equivalents100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCash & Equivalents99.98%69,692,824,740$442M10
2No dataUSD Pending Dividends0.02%0$90.1K242

Showing 1–2 of 2 holdings

FXY Performance

Launched Feb 12, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FXY$9,754
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FXY $9,754. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for FXY. Periods over one year show the average yearly return.
PeriodFXY
Year to date−0.8%
1 month−0.1%
3 months+0.9%
1 year−2.5%
3 yearsper year−1.7%
5 yearsper year−6.7%
10 yearsper year−4.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FXY
YearReturn barFXY
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

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

FXY Risk

Risk pillarD25 out of 100Rank 9 of 9 in Single Currency
How much the fund’s monthly returns vary, scaled to a year.
10.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.57
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−32.8%
Trough Jul 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.19
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FXY Cost

Tied cheapest in Single Currency

$8,090

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FXY 0.40%

    $8,090

$10,000
30 years

Cost over time

  • FXY 0.40%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FXY $8,090

Year by year

YearFXY
10$723
20$2,793
30$8,090

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