CJP.NEO vs. DBJP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP).

CJP.NEO and DBJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CJP.NEO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Japan Canadian Dollar Hedged Index. It was launched on Feb 14, 2007. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011. Both CJP.NEO and DBJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CJP.NEO vs. DBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). The values are adjusted to include any dividend payments, if applicable.

CJP.NEO vs. DBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	9.43%	30.67%	26.74%	35.03%	3.67%	18.19%	0.18%	13.12%	-17.35%	21.33%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	11.03%	23.57%	36.31%	33.21%	2.64%	12.02%	8.67%	14.93%	-7.60%	13.52%

Different Trading Currencies

CJP.NEO is traded in CAD, while DBJP is traded in USD. To make them comparable, the DBJP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CJP.NEO achieves a 9.43% return, which is significantly lower than DBJP's 11.03% return. Over the past 10 years, CJP.NEO has underperformed DBJP with an annualized return of 15.12%, while DBJP has yielded a comparatively higher 16.23% annualized return.

CJP.NEO

• 1D: 2.35%
• 1M: -3.54%
• YTD: 9.43%
• 6M: 22.11%
• 1Y: 44.20%
• 3Y*: 31.16%
• 5Y*: 21.18%
• 10Y*: 15.12%

DBJP

• 1D: 2.59%
• 1M: -1.03%
• YTD: 11.03%
• 6M: 22.41%
• 1Y: 41.55%
• 3Y*: 31.12%
• 5Y*: 21.57%
• 10Y*: 16.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CJP.NEO vs. DBJP - Expense Ratio Comparison

CJP.NEO has a 0.71% expense ratio, which is higher than DBJP's 0.46% expense ratio.

CJP.NEO

iShares Japan Fundamental Index ETF (CAD-Hedged)

DBJP

Xtrackers MSCI Japan Hedged Equity ETF

Return for Risk

CJP.NEO vs. DBJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CJP.NEO

CJP.NEO Risk / Return Rank: 90
CJP.NEO Sharpe Ratio Rank: 90
CJP.NEO Sortino Ratio Rank: 91
CJP.NEO Omega Ratio Rank: 90
CJP.NEO Calmar Ratio Rank: 89
CJP.NEO Martin Ratio Rank: 90

DBJP

DBJP Risk / Return Rank: 91
DBJP Sharpe Ratio Rank: 89
DBJP Sortino Ratio Rank: 90
DBJP Omega Ratio Rank: 89
DBJP Calmar Ratio Rank: 93
DBJP Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CJP.NEO vs. DBJP - 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 Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.

	CJP.NEO	DBJP	Difference
Sharpe ratio Return per unit of total volatility	2.08	1.74	+0.33
Sortino ratio Return per unit of downside risk	2.71	2.33	+0.38
Omega ratio Gain probability vs. loss probability	1.40	1.34	+0.06
Calmar ratio Return relative to maximum drawdown	3.19	3.21	-0.02
Martin ratio Return relative to average drawdown	12.50	11.23	+1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CJP.NEO vs. DBJP - Sharpe Ratio Comparison

The current CJP.NEO Sharpe Ratio is 2.08, which is comparable to the DBJP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CJP.NEO and DBJP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CJP.NEO	DBJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.74	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	1.19	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.86	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.80	-0.38

Correlation

The correlation between CJP.NEO and DBJP is 0.70, 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.

Dividends

CJP.NEO vs. DBJP - Dividend Comparison

CJP.NEO's dividend yield for the trailing twelve months is around 1.35%, less than DBJP's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	1.35%	1.48%	1.71%	1.24%	1.96%	1.56%	1.97%	2.42%	2.38%	1.48%	0.97%	0.84%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.57%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%

Drawdowns

CJP.NEO vs. DBJP - Drawdown Comparison

The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than DBJP's maximum drawdown of -29.25%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and DBJP.

Drawdown Indicators

	CJP.NEO	DBJP	Difference
Max Drawdown Largest peak-to-trough decline	-38.36%	-31.30%	-7.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-12.11%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-20.86%	-21.50%	+0.64%
Max Drawdown (10Y) Largest decline over 10 years	-37.75%	-31.30%	-6.45%
Current Drawdown Current decline from peak	-5.16%	-4.71%	-0.45%
Average Drawdown Average peak-to-trough decline	-11.25%	-7.35%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.16%	+0.27%

Volatility

CJP.NEO vs. DBJP - Volatility Comparison

iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP) have volatilities of 7.73% and 7.55%, 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.

Volatility by Period

	CJP.NEO	DBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	7.55%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	15.06%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	23.98%	-2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	18.14%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	18.97%	+1.07%