FXY vs GNMA

Comparison between Invesco CurrencyShares Japanese Yen Trust (FXY, ETF) and ISHARES GNMA BOND ETF (GNMA, ETF).

5-Year PerformanceGNMA has outperformed FXY, delivering a return of +0.5% compared to -8.0%

FXY vs GNMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXY(ETF)	GNMA(ETF)
Net Assets	$431M	$429M
Expense Ratio	0.40%	0.10%
Max Drawdown	56.78%	23.27%
Sharpe Ratio	-1.64	0.35
5Y Beta	-0.12	0.04
5Y Dividends CAGR	N/A	20.40%

Net Assets

Winner

FXY

$431M

GNMA

$429M

Expense Ratio

FXY

0.40%

Winner

GNMA

0.10%

Max Drawdown

FXY

56.78%

Winner

GNMA

23.27%

Sharpe Ratio

FXY

-1.64

Winner

GNMA

0.35

5Y Beta

Winner

FXY

-0.12

GNMA

0.04

5Y Dividends CAGR

FXY

N/A

GNMA

20.40%

FXY vs GNMA - Historical Returns

Returns include dividend reinvestment.

Period	FXY	GNMA
1 month	-1.00%	-0.48%
3 months	-2.23%	-0.74%
6 months	-3.19%	+0.04%
1 year	-10.02%	+4.72%
5 years(CAGR)	-8.01%	+0.47%
10 years(CAGR)	-4.75%	+1.11%
Max(CAGR)	-1.97%	+1.33%

FXY

-1.00%

Winner

GNMA

-0.48%

FXY

-2.23%

Winner

GNMA

-0.74%

FXY

-3.19%

Winner

GNMA

+0.04%

FXY

-10.02%

Winner

GNMA

+4.72%

5Y(CAGR)

FXY

-8.01%

Winner

GNMA

+0.47%

10Y(CAGR)

FXY

-4.75%

Winner

GNMA

+1.11%

Max(CAGR)

FXY

-1.97%

Winner

GNMA

+1.33%

FXY vs GNMA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FXY	GNMA
2026	-4.05%	+0.60%
2025	+0.20%	+8.45%
2024	-10.24%	+1.71%
2023	-7.66%	+4.84%
2022	-12.55%	-10.46%
2021	-10.98%	-1.82%
2020	+4.51%	+3.43%
2019	-0.25%	+5.88%
2018	+1.92%	+0.79%
2017	+3.99%	+1.79%
2016	+1.78%	+0.96%
2015	-0.11%	+0.80%
2014	-12.91%	+6.51%
2013	-17.46%	-2.32%
2012	-12.01%	+1.55%
2011	+5.79%	N/A
2010	+13.59%	N/A
2009	-1.09%	N/A
2008	+20.73%	N/A
2007	+8.36%	N/A

FXY vs GNMA Drawdown Comparison

The maximum drawdown for FXY was -56.78%, occurring on Jul 21, 2026. This drawdown has not yet recovered.

The maximum drawdown for GNMA was -17.09%, occurring on Oct 20, 2022. Recovery took 1416 trading sessions.

The current FXY drawdown is -56.78%. The current GNMA drawdown is -1.72%.

Rank	FXY	GNMA
#1	-56.78% Oct 28, 2011 - Jul 21, 2026	-17.09% Apr 8, 2020 - Nov 25, 2025
#2	-13.65% Dec 17, 2008 - Nov 27, 2009	-9.58% Aug 15, 2012 - Jan 20, 2016
#3	-12.05% Mar 17, 2008 - Oct 23, 2008	-3.06% Aug 10, 2016 - Sep 5, 2017
#4	-8.76% Nov 30, 2009 - Aug 3, 2010	-2.96% Sep 5, 2017 - Dec 28, 2018
#5	-7.63% Mar 17, 2011 - Jul 20, 2011	-2.61% Feb 27, 2026 - May 19, 2026
#6	-6.54% Mar 5, 2007 - Aug 16, 2007	-2.52% Mar 9, 2020 - Mar 24, 2020
#7	-6.40% Nov 26, 2007 - Jan 15, 2008	-1.33% Jun 15, 2012 - Jul 31, 2012
#8	-6.30% Oct 27, 2008 - Dec 1, 2008	-1.27% May 31, 2012 - Jun 15, 2012
#9	-4.53% Oct 29, 2010 - Mar 16, 2011	-1.25% Feb 11, 2016 - Jun 10, 2016
#10	-3.62% Sep 7, 2007 - Nov 7, 2007	-1.10% Aug 9, 2012 - Aug 15, 2012
#11	-3.21% Sep 14, 2010 - Oct 6, 2010	-1.05% Aug 2, 2012 - Aug 9, 2012
#12	-2.69% Jul 29, 2011 - Aug 9, 2011	-0.84% May 16, 2012 - May 31, 2012
#13	-1.91% Aug 16, 2007 - Sep 7, 2007	-0.84% Mar 13, 2012 - Mar 29, 2012
#14	-1.87% Feb 15, 2007 - Feb 27, 2007	-0.79% Nov 25, 2025 - Dec 31, 2025
#15	-1.80% Jan 30, 2008 - Feb 27, 2008	-0.72% Mar 28, 2019 - May 6, 2019

Correlation

Correlation between FXY and GNMA is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

-101