GNMA vs FXY

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

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

GNMA vs FXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

GNMA

$429M

Winner

FXY

$431M

Expense Ratio

Winner

GNMA

0.10%

FXY

0.40%

Max Drawdown

Winner

GNMA

23.27%

FXY

56.78%

Sharpe Ratio

Winner

GNMA

0.35

FXY

-1.64

5Y Beta

GNMA

0.04

Winner

FXY

-0.12

5Y Dividends CAGR

GNMA

20.40%

FXY

N/A

GNMA vs FXY - Historical Returns

Returns include dividend reinvestment.

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

Winner

GNMA

-0.48%

FXY

-1.00%

Winner

GNMA

-0.74%

FXY

-2.23%

Winner

GNMA

+0.04%

FXY

-3.19%

Winner

GNMA

+4.72%

FXY

-10.02%

5Y(CAGR)

Winner

GNMA

+0.47%

FXY

-8.01%

10Y(CAGR)

Winner

GNMA

+1.11%

FXY

-4.75%

Max(CAGR)

Winner

GNMA

+1.33%

FXY

-1.97%

GNMA vs FXY - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

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

GNMA vs FXY Drawdown Comparison

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

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

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

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

Correlation

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

-0.46

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