CJP.NEO vs. VIDY.TO
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while VIDY.TO is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America High Dividend Yield Index. Both are passively managed. Over the past 5 years, CJP.NEO returned 23.84%/yr vs 16.44%/yr for VIDY.TO. A 0.55 correlation means they provide meaningful diversification when combined. CJP.NEO charges 0.71%/yr vs 0.31%/yr for VIDY.TO.
Performance
CJP.NEO vs. VIDY.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 VIDY.TO's 17.58% 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%
VIDY.TO
- 1D
- 0.98%
- 1M
- 3.97%
- 6M
- 13.54%
- YTD
- 17.58%
- 1Y
- 31.61%
- 3Y*
- 23.05%
- 5Y*
- 16.44%
- 10Y*
- —
- ALL TIME*
- 11.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.04M | CA$644.80K | CA$793.54K | |
| CA$1.96M | CA$2.16M | CA$2.22M |
CJP.NEO vs. VIDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 20.36% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -13.65% |
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 17.58% | 35.07% | 11.97% | 15.46% | 1.57% | 14.26% | -2.63% | 12.64% | -6.56% |
Correlation
The correlation between CJP.NEO and VIDY.TO is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | 0.55 |
The correlation between CJP.NEO and VIDY.TO has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
CJP.NEO vs. VIDY.TO — Risk / Return Rank
CJP.NEO
VIDY.TO
CJP.NEO vs. VIDY.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 Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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 | VIDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 3.03 | +0.95 |
| Martin ratioReturn relative to average drawdown | 14.47 | 11.68 | +2.79 |
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Drawdowns
CJP.NEO vs. VIDY.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than VIDY.TO's maximum drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and VIDY.TO.
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Drawdown Indicators
| CJP.NEO | VIDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -31.99% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -10.48% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -13.89% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -19.01% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -0.11% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -4.21% | -6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.71% | +0.31% |
Volatility
CJP.NEO vs. VIDY.TO - Volatility Comparison
iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a higher volatility of 4.78% compared to Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) at 3.19%. This indicates that CJP.NEO's price experiences larger fluctuations and is considered to be riskier than VIDY.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 | VIDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 3.19% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 11.10% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 13.27% | +5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 13.53% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 16.38% | +2.90% |
CJP.NEO vs. VIDY.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than VIDY.TO's 0.31% expense ratio.
Dividends
CJP.NEO vs. VIDY.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.16%, less than VIDY.TO's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 2.87% | 2.80% | 3.64% | 3.91% | 4.39% | 3.30% | 3.36% | 3.37% | 0.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CJP.NEO and VIDY.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIDY.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIDY.TO is cheaper with a 0.31% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO is categorized as Japan Equities, while VIDY.TO is Foreign Large Cap Equities. CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while VIDY.TO tracks FTSE Developed ex North America High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.71% for CJP.NEO and 0.31% for VIDY.TO.
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