Correlation
The correlation between CAJPY and EWJ is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
CAJPY vs. EWJ
Compare and contrast key facts about Canon Inc. (CAJPY) and iShares MSCI Japan ETF (EWJ).
EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAJPY or EWJ.
Performance
CAJPY vs. EWJ - Performance Comparison
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Key characteristics
CAJPY:
0.29
EWJ:
0.54
CAJPY:
0.59
EWJ:
0.79
CAJPY:
1.07
EWJ:
1.10
CAJPY:
0.39
EWJ:
0.69
CAJPY:
1.05
EWJ:
2.09
CAJPY:
7.50%
EWJ:
4.86%
CAJPY:
28.70%
EWJ:
21.38%
CAJPY:
-62.41%
EWJ:
-58.89%
CAJPY:
-12.13%
EWJ:
-1.11%
Returns By Period
In the year-to-date period, CAJPY achieves a -6.91% return, which is significantly lower than EWJ's 10.46% return. Over the past 10 years, CAJPY has underperformed EWJ with an annualized return of 3.86%, while EWJ has yielded a comparatively higher 5.31% annualized return.
CAJPY
-6.91%
-0.49%
-4.18%
8.15%
9.48%
12.01%
3.86%
EWJ
10.46%
3.77%
8.02%
11.42%
10.80%
7.87%
5.31%
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Risk-Adjusted Performance
CAJPY vs. EWJ — Risk-Adjusted Performance Rank
CAJPY
EWJ
CAJPY vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canon Inc. (CAJPY) and iShares MSCI Japan ETF (EWJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CAJPY vs. EWJ - Dividend Comparison
CAJPY's dividend yield for the trailing twelve months is around 1.75%, less than EWJ's 2.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAJPY Canon Inc. | 1.75% | 1.63% | 3.11% | 4.08% | 4.99% | 3.28% | 5.35% | 4.65% | 5.37% | 9.52% | 8.12% | 5.72% |
EWJ iShares MSCI Japan ETF | 2.12% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% |
Drawdowns
CAJPY vs. EWJ - Drawdown Comparison
The maximum CAJPY drawdown since its inception was -62.41%, which is greater than EWJ's maximum drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for CAJPY and EWJ.
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Volatility
CAJPY vs. EWJ - Volatility Comparison
Canon Inc. (CAJPY) and iShares MSCI Japan ETF (EWJ) have volatilities of 4.19% and 4.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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