CJP.NEO vs. DXJS
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds - CJP.NEO tracks the FTSE RAFI Japan Canadian Dollar Hedged Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. Over the past 10 years, CJP.NEO returned 17.24%/yr vs 17.80%/yr for DXJS. A 0.67 correlation means they provide meaningful diversification when combined. CJP.NEO charges 0.71%/yr vs 0.58%/yr for DXJS.
Performance
CJP.NEO vs. DXJS - Performance Comparison
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Different Trading Currencies
CJP.NEO is traded in CAD, while DXJS is traded in USD. To make them comparable, the DXJS 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 21.65% return, which is significantly lower than DXJS's 25.20% return. Both investments have delivered pretty close results over the past 10 years, with CJP.NEO having a 17.24% annualized return and DXJS not far ahead at 17.80%.
CJP.NEO
- 1D
- 2.10%
- 1M
- 1.98%
- 6M
- 20.76%
- YTD
- 21.65%
- 1Y
- 51.49%
- 3Y*
- 28.99%
- 5Y*
- 23.76%
- 10Y*
- 17.24%
DXJS
- 1D
- -2.74%
- 1M
- -1.83%
- 6M
- 23.16%
- YTD
- 25.20%
- 1Y
- 59.66%
- 3Y*
- 35.19%
- 5Y*
- 28.11%
- 10Y*
- 17.80%
CJP.NEO vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 21.65% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 25.20% | 30.82% | 30.92% | 35.65% | 11.68% | 11.60% | -5.51% | 13.37% | -11.86% | 20.79% |
Correlation
The correlation between CJP.NEO and DXJS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.67 |
The correlation between CJP.NEO and DXJS has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
CJP.NEO vs. DXJS — Risk / Return Rank
CJP.NEO
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CJP.NEO vs. DXJS - 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 WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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 | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.53 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 6.70 | -1.97 |
| Martin ratioReturn relative to average drawdown | 17.45 | 22.79 | -5.33 |
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Drawdowns
CJP.NEO vs. DXJS - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than DXJS's maximum drawdown of -33.54%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and DXJS.
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Drawdown Indicators
| CJP.NEO | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -33.54% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -9.55% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -15.23% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -15.23% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | -33.54% | -4.21% |
Current DrawdownCurrent decline from peak | -0.35% | -5.06% | +4.71% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -5.61% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.80% | +0.17% |
Volatility
CJP.NEO vs. DXJS - Volatility Comparison
iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a higher volatility of 7.36% compared to WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) at 5.42%. This indicates that CJP.NEO's price experiences larger fluctuations and is considered to be riskier than DXJS 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 | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 5.42% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 15.89% | -1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 19.94% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 19.13% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 20.82% | -1.45% |
CJP.NEO vs. DXJS - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than DXJS's 0.58% expense ratio.
Dividends
CJP.NEO vs. DXJS - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.15%, while DXJS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.15% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 0.53% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
CJP.NEO and DXJS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJS is cheaper with a 0.58% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.71% for CJP.NEO and 0.58% for DXJS.
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