CJP.NEO vs. XFN.TO
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and XFN.TO (iShares S&P/TSX Capped Financials Index ETF) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD. Both are passively managed. Over the past 10 years, CJP.NEO returned 16.37%/yr vs 15.21%/yr for XFN.TO. At a 0.44 correlation, their price movements are largely independent. CJP.NEO charges 0.71%/yr vs 0.61%/yr for XFN.TO.
Performance
CJP.NEO vs. XFN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CJP.NEO achieves a 17.05% return, which is significantly lower than XFN.TO's 17.97% return. Over the past 10 years, CJP.NEO has outperformed XFN.TO with an annualized return of 16.37%, while XFN.TO has yielded a comparatively lower 15.21% annualized return.
CJP.NEO
- 1D
- 2.51%
- 1M
- 0.99%
- YTD
- 17.05%
- 6M
- 17.74%
- 1Y
- 49.90%
- 3Y*
- 27.93%
- 5Y*
- 22.66%
- 10Y*
- 16.37%
XFN.TO
- 1D
- 0.81%
- 1M
- 9.07%
- YTD
- 17.97%
- 6M
- 19.57%
- 1Y
- 48.08%
- 3Y*
- 31.45%
- 5Y*
- 18.22%
- 10Y*
- 15.21%
CJP.NEO vs. XFN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 17.05% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 17.97% | 34.40% | 29.32% | 13.09% | -9.92% | 35.57% | 0.99% | 20.66% | -9.76% | 12.54% |
Correlation
The correlation between CJP.NEO and XFN.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.44 |
The correlation between CJP.NEO and XFN.TO has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
CJP.NEO vs. XFN.TO — Risk / Return Rank
CJP.NEO
XFN.TO
CJP.NEO vs. XFN.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 S&P/TSX Capped Financials Index ETF (XFN.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 | XFN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.70 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 6.20 | -1.61 |
| Martin ratioReturn relative to average drawdown | 17.20 | 25.03 | -7.83 |
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Drawdowns
CJP.NEO vs. XFN.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, smaller than the maximum XFN.TO drawdown of -55.53%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and XFN.TO.
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Drawdown Indicators
| CJP.NEO | XFN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -55.53% | +17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -7.80% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -12.37% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -21.90% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | -39.93% | +2.18% |
Current DrawdownCurrent decline from peak | -1.88% | 0.00% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -6.95% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.93% | +0.99% |
Volatility
CJP.NEO vs. XFN.TO - Volatility Comparison
iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a higher volatility of 5.03% compared to iShares S&P/TSX Capped Financials Index ETF (XFN.TO) at 4.08%. This indicates that CJP.NEO's price experiences larger fluctuations and is considered to be riskier than XFN.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 | XFN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.08% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 10.20% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 12.24% | +6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 13.50% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 16.54% | +3.05% |
CJP.NEO vs. XFN.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than XFN.TO's 0.61% expense ratio.
Dividends
CJP.NEO vs. XFN.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.26%, less than XFN.TO's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.26% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 2.07% | 2.39% | 3.16% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% |
Frequently Asked Questions
CJP.NEO and XFN.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFN.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFN.TO is cheaper with a 0.61% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO is categorized as Japan Equities, while XFN.TO is Financials Equities. CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while XFN.TO tracks Morningstar Gbl Fin Svc GR CAD. Their fees differ too: 0.71% for CJP.NEO and 0.61% for XFN.TO.
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