CJP.NEO vs. XDIV.TO
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, CJP.NEO returned 22.91%/yr vs 16.42%/yr for XDIV.TO. At a 0.47 correlation, their price movements are largely independent. CJP.NEO charges 0.71%/yr vs 0.11%/yr for XDIV.TO.
Performance
CJP.NEO vs. XDIV.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CJP.NEO having a 19.29% return and XDIV.TO slightly lower at 19.17%.
CJP.NEO
- 1D
- 0.46%
- 1M
- 9.32%
- YTD
- 19.29%
- 6M
- 23.23%
- 1Y
- 51.21%
- 3Y*
- 30.24%
- 5Y*
- 22.91%
- 10Y*
- 16.15%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
CJP.NEO vs. XDIV.TO - 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% | 16.22% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between CJP.NEO and XDIV.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.47 |
The correlation between CJP.NEO and XDIV.TO shifts across timeframes, from 0.34 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CJP.NEO vs. XDIV.TO — Risk / Return Rank
CJP.NEO
XDIV.TO
CJP.NEO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| CJP.NEO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 2.03 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 16.64 | -11.96 |
| Martin ratioReturn relative to average drawdown | 17.78 | 56.55 | -38.76 |
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 | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 4.94 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.57 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.81 | -0.36 |
Drawdowns
CJP.NEO vs. XDIV.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and XDIV.TO.
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Drawdown Indicators
| CJP.NEO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -41.30% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -2.33% | -8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -10.53% | -10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -17.60% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -4.25% | -6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.69% | +2.21% |
Volatility
CJP.NEO vs. XDIV.TO - Volatility Comparison
iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a higher volatility of 3.09% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that CJP.NEO's price experiences larger fluctuations and is considered to be riskier than XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.81% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 6.36% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 7.85% | +9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 10.53% | +7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 16.01% | +3.60% |
CJP.NEO vs. XDIV.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
CJP.NEO vs. XDIV.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.24%, less than XDIV.TO's 3.28% 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% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
Frequently Asked Questions
CJP.NEO and XDIV.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO is categorized as Japan Equities, while XDIV.TO is Dividend. CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.71% for CJP.NEO and 0.11% for XDIV.TO.
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