CurrencyShares Japanese Yen Trust

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FXY : n.a. : Financial
$96.10 -0.31 | -0.32%
Today's Range: 96.03 - 96.32
Avg. Daily Volume: 226,900
08/24/16 - 11:36 AM ET
  • Last Ratings Update:07/31/2016
  • Price as of 07/31/2016 :$94.71
  • Net Assets:$66.6 Million
  • NAV:$94.31
  • Premium0.42%
  •   
  • Peer Rank:114 of 326
  • Investment Rating:C-
  • Performance:C-
  • RiskB-
FXY Price Chart

SUMMARY


We rate Guggenheim Japanese Yen Trust at C-. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Non-US Equity strategy.


POSITIVES AND RISKS


Total return ranks well below peers over the last three years. The Guggenheim Japanese Yen Trust has returned an annual rate of 1.45% since inception. More recently, the fund has generated a total return of -5.51% in the last five years, -1.45% in the last three years, and 20.93% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 16% of them. It has also outpaced 23% of its competitors on a three year basis and 85% of them over the last year for the period ending 7/31/2016. On a year to date basis, FXY has returned 17.46%.

Downside risk has been below average. FXY has a draw down risk of -21.70%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.1%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 7/31/2016, the fund was trading at a price of $94.71, which is 1.6% below its 52-week high of $96.29 and 4.9% above its 52-week low of $90.31.

Low expense ratio helps performance. On total assets of $66.60 million, FXY maintains a low expense ratio compared to its Non-US Equity peers of just 0.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FXY is an exchange traded fund, it has no front end or back end load.

The Guggenheim Japanese Yen Trust is managed by David C. Kwan at Guggenheim Investments. This fund is one of 29 Guggenheim Investments exchange-traded funds launched since 4/24/2003 that we track.


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