- ISIN
- US2030421067
- CUSIP
- 203042106
- Inception Date
- Jul 9, 1989
- Category
- Japan Equities
- Min. Investment
- $200
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CNJFX Performance Chart
Commonwealth Japan Fund (CNJFX) is up 23.6% since the beginning of the year. CNJFX is currently trading at $5 per share. Investors who bought $1,000 worth of CNJFX shares 5 years ago would now be looking at an investment worth $1,315.
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Returns By Period
Commonwealth Japan Fund (CNJFX) has returned 23.57% so far this year and 39.07% over the past 12 months. Over the last ten years, CNJFX has returned 5.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Commonwealth Japan Fund
- 1D
- 0.75%
- 1M
- 6.30%
- YTD
- 23.57%
- 6M
- 24.14%
- 1Y
- 39.07%
- 3Y*
- 14.46%
- 5Y*
- 5.63%
- 10Y*
- 5.65%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CNJFX Monthly Returns History
Based on dividend-adjusted daily data since Jun 11, 1996, CNJFX's average daily return is 0.00%, while the average monthly return is +0.03%. At this rate, an investment would double in approximately 192.6 years.
Historically, 52% of months were positive and 48% were negative. The best month was Oct 1998 with a return of +15.2%, while the worst month was Jul 2000 at -13.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, CNJFX closed higher 45% of trading days. The best single day was Oct 7, 1998 with a return of +9.8%, while the worst single day was Dec 27, 2006 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.20% | 12.42% | -7.89% | 5.57% | 7.30% | 2.08% | 23.57% | ||||||
| 2025 | 0.00% | 1.07% | 0.53% | 3.68% | 1.52% | 1.75% | -0.74% | 5.94% | 0.23% | -0.23% | 1.87% | 1.45% | 18.27% |
| 2024 | 0.79% | 1.56% | 1.79% | -5.78% | 0.80% | -1.59% | 6.72% | 2.02% | -0.49% | -5.96% | 2.37% | -3.05% | -1.53% |
| 2023 | 4.48% | -4.00% | 3.57% | 0.86% | 0.28% | 3.41% | 2.20% | -1.61% | -3.55% | -3.12% | 5.85% | 5.63% | 14.15% |
| 2022 | -5.84% | -1.55% | -4.46% | -7.69% | 0.89% | -5.31% | 6.85% | -3.79% | -8.79% | 0.66% | 11.22% | -0.59% | -18.49% |
| 2021 | -2.80% | -2.21% | 0.45% | -2.03% | 2.07% | -2.03% | 0.69% | 3.88% | 1.10% | -4.13% | -4.31% | 1.46% | -7.92% |
Benchmark Metrics
Commonwealth Japan Fund has an annualized alpha of -3.22%, beta of 0.41, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since June 11, 1996.
- This fund participated in 69.32% of S&P 500 Index downside but only 35.60% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.41 may look defensive, but with R2 of 0.19 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.19 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -3.22%
- Beta
- 0.41
- R²
- 0.19
- Upside Capture
- 35.60%
- Downside Capture
- 69.32%
Expense Ratio
CNJFX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CNJFX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Commonwealth Japan Fund (CNJFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNJFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.78 | +0.43 |
| Martin ratioReturn relative to average drawdown | 10.68 | 12.44 | -1.75 |
Dividends
Dividend History
Commonwealth Japan Fund provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.05 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.02 | $0.00 | $0.00 | $0.17 |
Dividend yield | 0.97% | 1.20% | 0.58% | 0.10% | 0.00% | 4.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Commonwealth Japan Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Commonwealth Japan Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Commonwealth Japan Fund was 73.98%, occurring on Mar 9, 2009. The portfolio has not yet recovered.
The current Commonwealth Japan Fund drawdown is 27.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -73.98%Mar 2009 | 9y 2mo | — | 26y 5moJan 2000 - now |
1998 bear market1998 | -51.10%Oct 1998 | 2y 3mo | 1y 1mo | 3y 5moJun 1996 - Nov 1999 |
1999 pullback1999 | -7.64%Dec 1999 | 15d | 16d | 1mo 1dNov 1999 - Dec 1999 |
1996 pullback1996 | -0.65%Jun 1996 | 0s | 1d | 1dJun 1996 - Jun 1996 |
Drawdown Indicators
| CNJFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.98% | -56.78% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -9.10% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -18.90% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -25.43% | -11.04% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -33.92% | -2.55% |
Current DrawdownCurrent decline from peak | -27.25% | -1.80% | -25.45% |
Average DrawdownAverage peak-to-trough decline | -49.87% | -10.71% | -39.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.03% | +1.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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