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Commonwealth Japan Fund (CNJFX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US2030421067
CUSIP
203042106
Inception Date
Jul 9, 1989
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

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Commonwealth Japan Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Commonwealth Japan Fund (CNJFX) has returned 3.66% so far this year and 20.66% over the past 12 months. Over the last ten years, CNJFX has returned 4.16% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Commonwealth Japan Fund

1D
0.00%
1M
-10.65%
YTD
3.66%
6M
6.88%
1Y
20.66%
3Y*
9.88%
5Y*
1.61%
10Y*
4.16%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 11, 1996, CNJFX's average daily return is 0.00%, while the average monthly return is -0.02%.

Historically, 51% of months were positive and 49% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.20%12.42%-10.65%3.66%
20250.00%1.07%0.53%3.68%1.52%1.75%-0.74%5.94%0.23%-0.23%1.87%1.45%18.27%
20240.79%1.56%1.79%-5.78%0.80%-1.59%6.72%2.02%-0.49%-5.96%2.37%-3.05%-1.53%
20234.48%-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 -3.58%, beta of 0.41, and R² of 0.19 versus S&P 500 Index. Calculated based on daily prices since June 12, 1996.

  • This fund participated in 70.10% of S&P 500 Index downside but only 34.82% 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
-3.58%
Beta
0.41
0.19
Upside Capture
34.82%
Downside Capture
70.10%

Expense Ratio

CNJFX has a high expense ratio of 1.75%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

CNJFX ranks 55 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.


CNJFX Risk / Return Rank: 5555
Overall Rank
CNJFX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
CNJFX Sortino Ratio Rank: 5757
Sortino Ratio Rank
CNJFX Omega Ratio Rank: 4141
Omega Ratio Rank
CNJFX Calmar Ratio Rank: 6868
Calmar Ratio Rank
CNJFX Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Commonwealth Japan Fund (CNJFX) and compare them to a chosen benchmark (S&P 500 Index).


CNJFXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.02

0.90

+0.12

Sortino ratio

Return per unit of downside risk

1.55

1.39

+0.16

Omega ratio

Gain probability vs. loss probability

1.19

1.21

-0.02

Calmar ratio

Return relative to maximum drawdown

1.59

1.40

+0.19

Martin ratio

Return relative to average drawdown

5.46

6.61

-1.15

Explore CNJFX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Commonwealth Japan Fund provided a 1.16% 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.


0.00%1.00%2.00%3.00%4.00%$0.00$0.05$0.10$0.1520212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$0.05$0.05$0.02$0.00$0.00$0.17

Dividend yield

1.16%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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 38.97%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.98%Jan 4, 20002311Mar 9, 2009
-51.1%Jun 21, 1996578Oct 5, 1998290Nov 29, 1999868
-7.64%Nov 30, 199912Dec 15, 199911Dec 31, 199923
-0.65%Jun 17, 19961Jun 17, 19961Jun 18, 19962

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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