BMO Japan Index ETF (ZJPN.TO)

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

BMO Japan Index ETF (ZJPN.TO) has returned 5.52% so far this year and 23.07% over the past 12 months.

Based on dividend-adjusted daily data since Jan 27, 2022, ZJPN.TO's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, your investment would double in approximately 5.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +9.9%, while the worst month was Jun 2022 at -6.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.

On a daily basis, ZJPN.TO closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Apr 3, 2025 at -5.3%.

BMO Japan Index ETF has an annualized alpha of 7.53%, beta of 0.47, and R² of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 28, 2022.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (60.87%) than losses (38.90%) — typical of diversified or defensive assets.
• Beta of 0.47 may look defensive, but with R² of 0.19 this ETF 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 ETF's risk.
• R² of 0.19 means this ETF 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.

ZJPN.TO has an expense ratio of 0.39%, placing it in the medium range.

ZJPN.TO ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for BMO Japan Index ETF (ZJPN.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Japan Index ETF provided a 1.31% dividend yield over the last twelve months, with an annual payout of CA$0.58 per share.

The table displays the monthly dividend distributions for BMO Japan Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BMO Japan Index 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 BMO Japan Index ETF was 17.03%, occurring on Oct 20, 2022. Recovery took 131 trading sessions.

The current BMO Japan Index ETF drawdown is 8.16%.

The chart below shows the rolling one-month volatility.