CJP.NEO vs. BTCC.TO
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and BTCC.TO (Purpose Bitcoin CAD ETF Currency Hedged Units) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while BTCC.TO is a Cryptocurrency fund actively managed by Purpose Investments. CJP.NEO is passively managed, while BTCC.TO is actively managed. Over the past 5 years, CJP.NEO returned 23.84%/yr vs 10.99%/yr for BTCC.TO. At a 0.17 correlation, their price movements are largely independent. CJP.NEO charges 0.71%/yr vs 1.00%/yr for BTCC.TO.
Performance
CJP.NEO vs. BTCC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CJP.NEO achieves a 20.36% return, which is significantly higher than BTCC.TO's -28.48% return.
CJP.NEO
- 1D
- 0.88%
- 1M
- 2.18%
- 6M
- 15.65%
- YTD
- 20.36%
- 1Y
- 43.34%
- 3Y*
- 28.63%
- 5Y*
- 23.84%
- 10Y*
- 16.43%
- ALL TIME*
- 10.52%
BTCC.TO
- 1D
- -1.06%
- 1M
- 6.74%
- 6M
- -29.69%
- YTD
- -28.48%
- 1Y
- -48.11%
- 3Y*
- 26.03%
- 5Y*
- 10.99%
- 10Y*
- —
- ALL TIME*
- 0.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.02M | CA$1.47M | CA$2.55M | |
| CA$1.04M | CA$644.80K | CA$793.54K |
CJP.NEO vs. BTCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 20.36% | 30.67% | 26.74% | 35.03% | 3.67% | 6.71% |
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | -28.48% | -9.18% | 116.50% | 149.22% | -65.78% | -13.94% |
Correlation
The correlation between CJP.NEO and BTCC.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.17 |
The correlation between CJP.NEO and BTCC.TO shifts across timeframes, from 0.14 (3 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CJP.NEO vs. BTCC.TO — Risk / Return Rank
CJP.NEO
BTCC.TO
CJP.NEO vs. BTCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO). 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.
| CJP.NEO | BTCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +4.77 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.81 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | -0.88 | +4.87 |
| Martin ratioReturn relative to average drawdown | 14.47 | -1.38 | +15.85 |
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Drawdowns
CJP.NEO vs. BTCC.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, smaller than the maximum BTCC.TO drawdown of -77.80%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and BTCC.TO.
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Drawdown Indicators
| CJP.NEO | BTCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -77.80% | +39.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -54.58% | +43.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -54.58% | +33.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -77.80% | +56.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -50.48% | +48.51% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -35.16% | +24.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 34.89% | -31.87% |
Volatility
CJP.NEO vs. BTCC.TO - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) is 4.78%, while Purpose Bitcoin CAD ETF Currency Hedged Units (BTCC.TO) has a volatility of 9.12%. This indicates that CJP.NEO experiences smaller price fluctuations and is considered to be less risky than BTCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CJP.NEO | BTCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 9.12% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 34.29% | -20.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 44.19% | -25.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 54.60% | -36.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 56.05% | -36.77% |
CJP.NEO vs. BTCC.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is lower than BTCC.TO's 1.00% expense ratio.
Dividends
CJP.NEO vs. BTCC.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.16%, while BTCC.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCC.TO Purpose Bitcoin CAD ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.16% | 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
CJP.NEO and BTCC.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CJP.NEO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJP.NEO is cheaper with a 0.71% expense ratio, compared with 1.00% for BTCC.TO.
CJP.NEO is categorized as Japan Equities, while BTCC.TO is Cryptocurrency. They also come from different issuers: iShares and Purpose Investments. Their fees differ too: 0.71% for CJP.NEO and 1.00% for BTCC.TO.
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