FXY vs VTI
Invesco CurrencyShares Japanese Yen Trust vs Vanguard Morningstar Total Stock Market ETF
Which is better, FXY or VTI?
Single Currency against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXY | VTI |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $435M | $666.9B |
| Dividend Yield | 0.00% | 1.03% |
| Holdings | 3 | 3,543 |
| YTD Return | -0.19% | +12.30%Best |
| 1Y Return | -5.97% | +16.08%Best |
| 3Y Return (annualized) | -2.36% | +21.01%Best |
| 5Y Return (annualized) | -7.43% | +12.36%Best |
| Volatility (annualized) | 9.7%Best | 15.9% |
| Max Drawdown | -57.0% | -56.6%Best |
| $10,000 over 5 years | $6,798 | $17,908Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Single Currency | Large Cap Blend |
| Inception | Feb 12, 2007 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 13, 2007 to Sep 18, 2026 (19.6 years).
FXY vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.6 years both funds cover.
FXY vs VTI Performance
Invesco CurrencyShares Japanese Yen Trust (FXY) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FXY returned -5.97% while VTI returned +16.08%. Year to date, FXY is down 0.19% versus a gain of 12.30% for VTI.
Over three years, FXY compounded at -2.36% per year against +21.01% for VTI; over five years the annualized figures are -7.43% and +12.36% respectively. Across the full 20-year window we track, VTI has the edge at +9.22% annualized vs -1.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 9.7% for FXY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.0% for FXY and -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.08. They move largely independently of each other.
Fees and Cost Over Time
FXY charges 0.40% per year while VTI charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, FXY currently yields 0.00% against 1.03% for VTI.
You are not choosing between two funds in isolation.
Whichever of FXY and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXY or VTI?
FXY has an expense ratio of 0.40% while VTI charges 0.03%. VTI is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, FXY or VTI?
Over the past year FXY returned -5.97% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (20 years), FXY annualized -1.75% vs +9.22% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXY or VTI?
VTI has been the more volatile fund at 15.9% annualized versus 9.7% for FXY. Worst drawdown: FXY -57.0% vs VTI -56.6%.
Should I hold both FXY and VTI?
FXY and VTI have a monthly-return correlation of -0.08, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FXY or VTI?
FXY yields 0.00% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than FXY?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.