- ISIN
- US4642873826
- CUSIP
- 464287382
- Issuer
- iShares
- Inception Date
- Oct 26, 2001
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- JPX-Nikkei Index 400
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $138M
Share Price Chart
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Performance
JPXN Performance Chart
iShares JPX-Nikkei 400 ETF (JPXN) is up 18.9% since the beginning of the year. JPXN is currently trading at $102 per share. Investors who bought $1,000 worth of JPXN shares 5 years ago would now be looking at an investment worth $1,600.
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Returns By Period
iShares JPX-Nikkei 400 ETF (JPXN) has returned 18.90% so far this year and 37.02% over the past 12 months. Over the last ten years, JPXN has returned 9.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares JPX-Nikkei 400 ETF
- 1D
- 0.40%
- 1M
- 4.39%
- YTD
- 18.90%
- 6M
- 19.37%
- 1Y
- 37.02%
- 3Y*
- 19.31%
- 5Y*
- 9.86%
- 10Y*
- 9.74%
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%
JPXN Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2001, JPXN's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +12.2%, while the worst month was Oct 2008 at -15.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, JPXN closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +14.8%, while the worst single day was Mar 12, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.42% | 8.47% | -8.41% | 5.34% | 3.90% | 2.75% | 18.90% | ||||||
| 2025 | 1.90% | 0.50% | 0.65% | 4.56% | 3.44% | 2.29% | -1.89% | 5.82% | 2.47% | 3.05% | -0.10% | 0.91% | 26.03% |
| 2024 | 2.53% | 4.15% | 3.26% | -4.99% | 2.54% | -0.20% | 4.90% | 1.18% | -0.26% | -5.34% | 2.08% | -2.91% | 6.48% |
| 2023 | 7.35% | -4.27% | 4.60% | 0.21% | 0.98% | 4.77% | 2.58% | -2.83% | -2.69% | -2.33% | 6.47% | 4.13% | 19.69% |
| 2022 | -4.38% | -1.04% | -2.63% | -7.91% | 1.47% | -6.46% | 5.38% | -4.24% | -8.57% | 1.93% | 12.18% | -1.48% | -16.29% |
| 2021 | -0.64% | 1.47% | 0.81% | -2.27% | 2.04% | -1.13% | -1.01% | 2.48% | 2.73% | -2.76% | -3.71% | 2.43% | 0.16% |
Benchmark Metrics
iShares JPX-Nikkei 400 ETF has an annualized alpha of 0.51%, beta of 0.72, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since October 26, 2001.
- This ETF participated in 72.98% of S&P 500 Index downside but only 64.45% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.51%
- Beta
- 0.72
- R²
- 0.46
- Upside Capture
- 64.45%
- Downside Capture
- 72.98%
Expense Ratio
JPXN has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPXN ranks 59 for risk / return — on par with similar ETFs. 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 iShares JPX-Nikkei 400 ETF (JPXN) 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.
| JPXN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.78 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.44 | -2.65 |
Dividends
Dividend History
iShares JPX-Nikkei 400 ETF provided a 2.69% dividend yield over the last twelve months, with an annual payout of $2.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.75 | $2.72 | $1.62 | $1.75 | $0.86 | $1.86 | $0.92 | $1.22 | $0.87 | $0.98 | $1.10 | $0.69 |
Dividend yield | 2.69% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares JPX-Nikkei 400 ETF. 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 | $0.64 | $0.64 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.11 | $2.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $1.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.86 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.86 |
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 iShares JPX-Nikkei 400 ETF. 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 iShares JPX-Nikkei 400 ETF was 55.54%, occurring on Mar 9, 2009. Recovery took 2071 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.54%Mar 2009 | 2y 10mo | 8y 2mo | 11y 23dMay 2006 - May 2017 |
2003 bear market2003 | -33.49%Apr 2003 | 11mo 5d | 5mo 8d | 1y 4moMay 2002 - Oct 2003 |
Bear market2022 | -33.21%Oct 2022 | 1y 1mo | 1y 4mo | 2y 5moSep 2021 - Mar 2024 |
COVID crash2020 | -31.62%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Dot-com crash2000–2002 | -19.95%Feb 2002 | 3mo 10d | 29d | 4mo 9dOct 2001 - Mar 2002 |
Drawdown Indicators
| JPXN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -56.78% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -9.10% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -18.90% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -25.43% | -7.78% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -33.92% | +0.71% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -10.71% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.03% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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