CJP.NEO vs. JPY
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and JPY (Lazard Japanese Equity ETF) are both Japan Equities funds. CJP.NEO is passively managed, while JPY is actively managed. Over the past year, CJP.NEO returned 53.24% vs 36.52% for JPY. A 0.73 correlation means they provide meaningful diversification when combined. CJP.NEO charges 0.71%/yr vs 0.60%/yr for JPY.
Performance
CJP.NEO vs. JPY - Performance Comparison
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Different Trading Currencies
CJP.NEO is traded in CAD, while JPY is traded in USD. To make them comparable, the JPY values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CJP.NEO having a 19.29% return and JPY slightly lower at 18.78%.
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%
JPY
- 1D
- 0.38%
- 1M
- 9.17%
- YTD
- 18.78%
- 6M
- 16.81%
- 1Y
- 36.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CJP.NEO vs. JPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 19.29% | 48.91% |
JPY Lazard Japanese Equity ETF | 18.78% | 34.65% |
Correlation
The correlation between CJP.NEO and JPY is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025 | 0.73 |
The correlation between CJP.NEO and JPY has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
CJP.NEO vs. JPY — Risk / Return Rank
CJP.NEO
JPY
CJP.NEO vs. JPY - 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 Lazard Japanese Equity ETF (JPY). 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 | JPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.36 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.58 | +2.29 |
| Martin ratioReturn relative to average drawdown | 18.49 | 9.03 | +9.46 |
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 | JPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.92 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 2.47 | -2.03 |
Drawdowns
CJP.NEO vs. JPY - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than JPY's maximum drawdown of -14.23%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and JPY.
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Drawdown Indicators
| CJP.NEO | JPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -14.23% | -24.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -14.23% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -2.52% | -8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.05% | -1.16% |
Volatility
CJP.NEO vs. JPY - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) is 2.97%, while Lazard Japanese Equity ETF (JPY) has a volatility of 3.71%. This indicates that CJP.NEO experiences smaller price fluctuations and is considered to be less risky than JPY 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 | JPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 3.71% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 14.48% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 19.12% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 20.32% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 20.32% | -0.72% |
CJP.NEO vs. JPY - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than JPY's 0.60% expense ratio.
Dividends
CJP.NEO vs. JPY - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.24%, less than JPY's 2.03% 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% |
JPY Lazard Japanese Equity ETF | 2.03% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CJP.NEO and JPY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPY is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPY is cheaper with a 0.60% expense ratio, compared with 0.71% for CJP.NEO.
They also come from different issuers: iShares and Lazard. Their fees differ too: 0.71% for CJP.NEO and 0.60% for JPY.
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