CEW.TO vs. CJP.NEO
CEW.TO (iShares Equal Weight Banc & Lifeco ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - CEW.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index. Both are passively managed. Over the past 10 years, CEW.TO returned 16.02%/yr vs 16.37%/yr for CJP.NEO. At a 0.43 correlation, their price movements are largely independent. CEW.TO charges 0.61%/yr vs 0.71%/yr for CJP.NEO.
Performance
CEW.TO vs. CJP.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEW.TO achieves a 22.02% return, which is significantly higher than CJP.NEO's 17.05% return. Both investments have delivered pretty close results over the past 10 years, with CEW.TO having a 16.02% annualized return and CJP.NEO not far ahead at 16.37%.
CEW.TO
- 1D
- 1.03%
- 1M
- 9.08%
- YTD
- 22.02%
- 6M
- 20.13%
- 1Y
- 51.89%
- 3Y*
- 31.90%
- 5Y*
- 19.14%
- 10Y*
- 16.02%
CJP.NEO
- 1D
- 2.51%
- 1M
- 0.99%
- YTD
- 17.05%
- 6M
- 17.74%
- 1Y
- 49.90%
- 3Y*
- 27.93%
- 5Y*
- 22.66%
- 10Y*
- 16.37%
CEW.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 22.02% | 32.70% | 29.62% | 17.18% | -6.76% | 29.51% | -0.38% | 25.64% | -12.71% | 12.06% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 17.05% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
Correlation
The correlation between CEW.TO and CJP.NEO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.43 |
The correlation between CEW.TO and CJP.NEO shifts across timeframes, from 0.38 (1 year) to 0.49 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEW.TO vs. CJP.NEO — Risk / Return Rank
CEW.TO
CJP.NEO
CEW.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). 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.
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.
| CEW.TO | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.51 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 7.32 | 4.58 | +2.73 |
| Martin ratioReturn relative to average drawdown | 27.01 | 17.20 | +9.80 |
Loading charts...
Drawdowns
CEW.TO vs. CJP.NEO - Drawdown Comparison
The maximum CEW.TO drawdown since its inception was -53.50%, which is greater than CJP.NEO's maximum drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for CEW.TO and CJP.NEO.
Loading charts...
Drawdown Indicators
| CEW.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.50% | -38.36% | -15.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -10.99% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -20.86% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.41% | -20.86% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -43.66% | -37.75% | -5.91% |
Current DrawdownCurrent decline from peak | 0.00% | -1.88% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -11.15% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.92% | -0.99% |
Volatility
CEW.TO vs. CJP.NEO - Volatility Comparison
The current volatility for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) is 3.79%, while iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a volatility of 5.03%. This indicates that CEW.TO experiences smaller price fluctuations and is considered to be less risky than CJP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEW.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 5.03% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 13.58% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 18.26% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 18.37% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 19.59% | -2.53% |
CEW.TO vs. CJP.NEO - Expense Ratio Comparison
CEW.TO has a 0.61% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
CEW.TO vs. CJP.NEO - Dividend Comparison
CEW.TO's dividend yield for the trailing twelve months is around 2.34%, more than CJP.NEO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 2.34% | 2.82% | 3.41% | 3.98% | 3.95% | 3.10% | 3.83% | 3.39% | 3.13% | 2.62% | 2.70% | 2.91% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.26% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
Frequently Asked Questions
CEW.TO and CJP.NEO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEW.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEW.TO is cheaper with a 0.61% expense ratio, compared with 0.71% for CJP.NEO.
CEW.TO is categorized as Financials Equities, while CJP.NEO is Japan Equities. CEW.TO tracks Morningstar Gbl Fin Svc GR CAD, while CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index. Their fees differ too: 0.61% for CEW.TO and 0.71% for CJP.NEO.
Find the right allocation for CEW.TO and CJP.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer