PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CJP.NEO vs. XUS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CJP.NEO vs. XUS.TO

Last updated Jun 4, 2026

CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CJP.NEO returned 16.15%/yr vs 15.98%/yr for XUS.TO. At a 0.45 correlation, their price movements are largely independent. CJP.NEO charges 0.71%/yr vs 0.09%/yr for XUS.TO.

Performance

CJP.NEO vs. XUS.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 S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CJP.NEO achieves a 19.29% return, which is significantly higher than XUS.TO's 12.21% return. Both investments have delivered pretty close results over the past 10 years, with CJP.NEO having a 16.15% annualized return and XUS.TO not far behind at 15.98%.

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%

XUS.TO

1D
-0.31%
1M
7.22%
YTD
12.21%
6M
10.39%
1Y
29.30%
3Y*
23.52%
5Y*
16.78%
10Y*
15.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%21.33%
XUS.TO
iShares Core S&P 500 Index ETF		12.21%12.19%35.16%23.31%-12.59%27.20%15.56%24.57%3.31%13.56%

Correlation

The correlation between CJP.NEO and XUS.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2013

0.45

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Japan Fundamental Index ETF (CAD-Hedged)

iShares Core S&P 500 Index ETF

Often compared with CJP.NEO:
CJP.NEO vs. ZJPN.TOCJP.NEO vs. JAPN.TOCJP.NEO vs. EWJCJP.NEO vs. VCE.TOCJP.NEO vs. XEQT.TOCJP.NEO vs. AGF-B.TOCJP.NEO vs. FLJP
Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

Return for Risk

CJP.NEO vs. XUS.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: 8686
Overall Rank
CJP.NEO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CJP.NEO Sortino Ratio Rank: 8585
Sortino Ratio Rank
CJP.NEO Omega Ratio Rank: 8686
Omega Ratio Rank
CJP.NEO Calmar Ratio Rank: 8585
Calmar Ratio Rank
CJP.NEO Martin Ratio Rank: 8585
Martin Ratio Rank
XUS.TO
XUS.TO Risk / Return Rank: 7373
Overall Rank
XUS.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 7777
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 6868
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. XUS.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 S&P 500 Index ETF (XUS.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.NEOXUS.TODifference
Sharpe ratioReturn per unit of total volatility
2.89
2.55

+0.35

Sortino ratioReturn per unit of downside risk
3.85
3.47

+0.38

Omega ratioGain probability vs. loss probability

1.53

1.47

+0.06

Calmar ratioReturn relative to maximum drawdown

4.68

3.41

+1.27

Martin ratioReturn relative to average drawdown

17.78

12.94

+4.84

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. XUS.TO - Sharpe Ratio Comparison

The current CJP.NEO Sharpe Ratio is 2.89, which is comparable to the XUS.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of CJP.NEO and XUS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

CJP.NEOXUS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.55

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.26

1.13

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.98

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

1.08

-0.63

Drawdowns

CJP.NEO vs. XUS.TO - Drawdown Comparison

The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and XUS.TO.

Loading charts...

Drawdown Indicators

CJP.NEOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.36%

-27.23%

-11.13%

Max Drawdown (1Y)

Largest decline over 1 year

-10.99%

-8.63%

-2.36%

Max Drawdown (3Y)

Largest decline over 3 years

-20.86%

-18.96%

-1.90%

Max Drawdown (5Y)

Largest decline over 5 years

-20.86%

-21.85%

+0.99%

Max Drawdown (10Y)

Largest decline over 10 years

-37.75%

-27.23%

-10.52%

Current Drawdown

Current decline from peak

0.00%

-0.31%

+0.31%

Average Drawdown

Average peak-to-trough decline

-11.17%

-3.46%

-7.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.27%

+0.63%

Volatility

CJP.NEO vs. XUS.TO - Volatility Comparison

iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and iShares Core S&P 500 Index ETF (XUS.TO) have volatilities of 3.09% and 3.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CJP.NEOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.09%

3.19%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

12.95%

8.66%

+4.29%

Volatility (1Y)

Calculated over the trailing 1-year period

17.80%

11.58%

+6.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.27%

14.92%

+3.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.61%

16.48%

+3.13%

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

CJP.NEO has a 0.71% expense ratio, which is higher than XUS.TO's 0.09% expense ratio.

Dividends

CJP.NEO vs. XUS.TO - Dividend Comparison

CJP.NEO's dividend yield for the trailing twelve months is around 1.24%, more than XUS.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XUS.TO
iShares Core S&P 500 Index ETF		1.12%1.26%1.03%1.22%1.38%0.99%1.35%2.02%1.77%1.48%1.66%1.70%

Frequently Asked Questions

CJP.NEO and XUS.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUS.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUS.TO is cheaper with a 0.09% expense ratio, compared with 0.71% for CJP.NEO.

CJP.NEO is categorized as Japan Equities, while XUS.TO is S&P 500. CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while XUS.TO tracks S&P 500 Index. Their fees differ too: 0.71% for CJP.NEO and 0.09% for XUS.TO.

Portfolio Optimizer

Find the right allocation for CJP.NEO and XUS.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer