CJP.NEO vs. ZJPN.TO
Compare and contrast key facts about iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) and BMO Japan Index ETF (ZJPN.TO).
CJP.NEO and ZJPN.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. ZJPN.TO is a passively managed fund by BMO that tracks the performance of the Solactive GBS Japan Large & Mid Cap Index. It was launched on Jan 24, 2022. Both CJP.NEO and ZJPN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CJP.NEO vs. ZJPN.TO - Performance Comparison
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CJP.NEO vs. ZJPN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 9.43% | 30.67% | 26.74% | 35.03% | 6.58% |
ZJPN.TO BMO Japan Index ETF | 8.23% | 19.62% | 16.50% | 16.10% | -2.46% |
Returns By Period
In the year-to-date period, CJP.NEO achieves a 9.43% return, which is significantly higher than ZJPN.TO's 8.23% 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%
ZJPN.TO
- 1D
- 2.56%
- 1M
- -2.37%
- YTD
- 8.23%
- 6M
- 9.41%
- 1Y
- 27.59%
- 3Y*
- 18.15%
- 5Y*
- —
- 10Y*
- —
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CJP.NEO vs. ZJPN.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than ZJPN.TO's 0.39% expense ratio.
Return for Risk
CJP.NEO vs. ZJPN.TO — Risk / Return Rank
CJP.NEO
ZJPN.TO
CJP.NEO vs. ZJPN.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 BMO Japan Index ETF (ZJPN.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 | ZJPN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.29 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.86 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.06 | +1.12 |
Martin ratioReturn relative to average drawdown | 12.50 | 7.43 | +5.08 |
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 | ZJPN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.29 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | — | — |
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 | 0.81 | -0.38 |
Correlation
The correlation between CJP.NEO and ZJPN.TO is 0.58, 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. ZJPN.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.35%, more than ZJPN.TO's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZJPN.TO BMO Japan Index ETF | 1.28% | 1.45% | 1.79% | 2.05% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CJP.NEO vs. ZJPN.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than ZJPN.TO's maximum drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and ZJPN.TO.
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Drawdown Indicators
| CJP.NEO | ZJPN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -17.03% | -21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -12.72% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | -5.16% | -5.80% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -11.25% | -4.39% | -6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.53% | -0.10% |
Volatility
CJP.NEO vs. ZJPN.TO - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) is 7.73%, while BMO Japan Index ETF (ZJPN.TO) has a volatility of 8.41%. This indicates that CJP.NEO experiences smaller price fluctuations and is considered to be less risky than ZJPN.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 | ZJPN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 8.41% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 15.17% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 21.47% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.34% | 16.98% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 16.98% | +3.06% |