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CJP.NEO vs. XEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CJP.NEO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and iShares Core Equity ETF Portfolio (XEQT.TO).

CJP.NEO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CJP.NEO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Japan Canadian Dollar Hedged Index. It was launched on Feb 14, 2007. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

CJP.NEO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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CJP.NEO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CJP.NEO
iShares Japan Fundamental Index ETF (CAD-Hedged)		9.43%30.67%26.74%35.03%3.67%18.19%0.18%17.70%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Returns By Period

In the year-to-date period, CJP.NEO achieves a 9.43% return, which is significantly higher than XEQT.TO's 1.51% return.

CJP.NEO

1D
2.35%
1M
-3.54%
YTD
9.43%
6M
22.11%
1Y
44.20%
3Y*
31.16%
5Y*
21.18%
10Y*
15.12%

XEQT.TO

1D
0.85%
1M
-3.50%
YTD
1.51%
6M
2.89%
1Y
21.17%
3Y*
18.44%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares Japan Fundamental Index ETF (CAD-Hedged)

iShares Core Equity ETF Portfolio

Often compared with CJP.NEO:
CJP.NEO vs. JAPN.TOCJP.NEO vs. ZJPN.TOCJP.NEO vs. VCE.TOCJP.NEO vs. EWJCJP.NEO vs. XEF.TOCJP.NEO vs. AGF-B.TOCJP.NEO vs. FLJP
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. XAW.TO

CJP.NEO vs. XEQT.TO - Expense Ratio Comparison

CJP.NEO has a 0.71% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

CJP.NEO
iShares Japan Fundamental Index ETF (CAD-Hedged)
XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

CJP.NEO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CJP.NEO
CJP.NEO Risk / Return Rank: 9090
Overall Rank
CJP.NEO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
CJP.NEO Sortino Ratio Rank: 9191
Sortino Ratio Rank
CJP.NEO Omega Ratio Rank: 9090
Omega Ratio Rank
CJP.NEO Calmar Ratio Rank: 8989
Calmar Ratio Rank
CJP.NEO Martin Ratio Rank: 9090
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7272
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CJP.NEO vs. XEQT.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 Equity ETF Portfolio (XEQT.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.NEOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

2.08

1.33

+0.75

Sortino ratio

Return per unit of downside risk

2.71

1.85

+0.86

Omega ratio

Gain probability vs. loss probability

1.40

1.29

+0.11

Calmar ratio

Return relative to maximum drawdown

3.19

1.79

+1.40

Martin ratio

Return relative to average drawdown

12.50

7.98

+4.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CJP.NEO vs. XEQT.TO - Sharpe Ratio Comparison

The current CJP.NEO Sharpe Ratio is 2.08, which is higher than the XEQT.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of CJP.NEO and XEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CJP.NEOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

1.33

+0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.16

0.93

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.86

-0.43

Correlation

The correlation between CJP.NEO and XEQT.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CJP.NEO vs. XEQT.TO - Dividend Comparison

CJP.NEO's dividend yield for the trailing twelve months is around 1.35%, less than XEQT.TO's 1.64% yield.

TTM20252024202320222021202020192018201720162015
CJP.NEO
iShares Japan Fundamental Index ETF (CAD-Hedged)		1.35%1.48%1.71%1.24%1.96%1.56%1.97%2.42%2.38%1.48%0.97%0.84%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Drawdowns

CJP.NEO vs. XEQT.TO - Drawdown Comparison

The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and XEQT.TO.

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Drawdown Indicators

CJP.NEOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.36%

-29.74%

-8.62%

Max Drawdown (1Y)

Largest decline over 1 year

-13.45%

-11.78%

-1.67%

Max Drawdown (5Y)

Largest decline over 5 years

-20.86%

-19.56%

-1.30%

Max Drawdown (10Y)

Largest decline over 10 years

-37.75%

—

—

Current Drawdown

Current decline from peak

-5.16%

-4.27%

-0.89%

Average Drawdown

Average peak-to-trough decline

-11.25%

-4.20%

-7.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.64%

+0.79%

Volatility

CJP.NEO vs. XEQT.TO - Volatility Comparison

iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a higher volatility of 7.73% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 5.77%. This indicates that CJP.NEO's price experiences larger fluctuations and is considered to be riskier than XEQT.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.NEOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.73%

5.77%

+1.96%

Volatility (6M)

Calculated over the trailing 6-month period

14.71%

9.49%

+5.22%

Volatility (1Y)

Calculated over the trailing 1-year period

21.42%

15.99%

+5.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.34%

13.03%

+5.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.04%

15.63%

+4.41%