CJP.NEO vs. GSJY
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) are both Japan Equities funds - CJP.NEO tracks the FTSE RAFI Japan Canadian Dollar Hedged Index while GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index. Both are passively managed. Over the past 10 years, CJP.NEO returned 15.86%/yr vs 10.09%/yr for GSJY. A 0.61 correlation means they provide meaningful diversification when combined. CJP.NEO charges 0.71%/yr vs 0.25%/yr for GSJY.
Performance
CJP.NEO vs. GSJY - Performance Comparison
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Different Trading Currencies
CJP.NEO is traded in CAD, while GSJY is traded in USD. To make them comparable, the GSJY 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 19.29% return, which is significantly higher than GSJY's 15.27% return. Over the past 10 years, CJP.NEO has outperformed GSJY with an annualized return of 15.86%, while GSJY has yielded a comparatively lower 10.09% annualized return.
CJP.NEO
- 1D
- 0.00%
- 1M
- 7.91%
- YTD
- 19.29%
- 6M
- 21.96%
- 1Y
- 53.24%
- 3Y*
- 30.45%
- 5Y*
- 22.91%
- 10Y*
- 15.86%
GSJY
- 1D
- 0.47%
- 1M
- 6.43%
- YTD
- 15.27%
- 6M
- 13.91%
- 1Y
- 32.47%
- 3Y*
- 19.59%
- 5Y*
- 12.01%
- 10Y*
- 10.09%
CJP.NEO vs. GSJY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 19.29% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 15.27% | 20.43% | 18.25% | 16.55% | -10.17% | -0.50% | 11.89% | 12.48% | -4.06% | 17.51% |
Correlation
The correlation between CJP.NEO and GSJY is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.61 |
The correlation between CJP.NEO and GSJY shifts across timeframes, from 0.61 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CJP.NEO vs. GSJY — Risk / Return Rank
CJP.NEO
GSJY
CJP.NEO vs. GSJY - 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 Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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 | GSJY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.33 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.48 | +2.39 |
| Martin ratioReturn relative to average drawdown | 18.49 | 8.69 | +9.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CJP.NEO | GSJY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.73 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 0.74 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.65 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.18 |
Drawdowns
CJP.NEO vs. GSJY - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than GSJY's maximum drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and GSJY.
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Drawdown Indicators
| CJP.NEO | GSJY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -26.69% | -11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -13.17% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -15.49% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -26.69% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | -26.69% | -11.06% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -5.98% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.75% | -0.86% |
Volatility
CJP.NEO vs. GSJY - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) is 2.97%, while Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a volatility of 4.10%. This indicates that CJP.NEO experiences smaller price fluctuations and is considered to be less risky than GSJY 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 | GSJY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 4.10% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 14.74% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 18.81% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 16.23% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 15.55% | +4.05% |
CJP.NEO vs. GSJY - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than GSJY's 0.25% expense ratio.
Dividends
CJP.NEO vs. GSJY - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.24%, less than GSJY's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.24% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.75% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% |
Frequently Asked Questions
CJP.NEO and GSJY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSJY is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSJY is cheaper with a 0.25% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.71% for CJP.NEO and 0.25% for GSJY.
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