CJP.NEO vs. ZNQ.TO
CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) and ZNQ.TO (BMO NASDAQ 100 Equity Index ETF) are both exchange-traded funds - CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index, while ZNQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CJP.NEO returned 22.91%/yr vs 20.82%/yr for ZNQ.TO. At a 0.38 correlation, their price movements are largely independent. CJP.NEO charges 0.71%/yr vs 0.39%/yr for ZNQ.TO.
Performance
CJP.NEO vs. ZNQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CJP.NEO achieves a 19.29% return, which is significantly lower than ZNQ.TO's 22.24% return.
CJP.NEO
- 1D
- 0.00%
- 1M
- 7.91%
- YTD
- 19.29%
- 6M
- 21.96%
- 1Y
- 53.24%
- 3Y*
- 30.45%
- 5Y*
- 22.91%
- 10Y*
- 15.86%
ZNQ.TO
- 1D
- -0.42%
- 1M
- 10.90%
- YTD
- 22.24%
- 6M
- 18.27%
- 1Y
- 42.32%
- 3Y*
- 29.53%
- 5Y*
- 20.82%
- 10Y*
- —
CJP.NEO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 19.29% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 6.35% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 22.24% | 14.60% | 35.84% | 51.32% | -28.06% | 26.59% | 44.65% | 22.90% |
Correlation
The correlation between CJP.NEO and ZNQ.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2019 | 0.38 |
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Return for Risk
CJP.NEO vs. ZNQ.TO — Risk / Return Rank
CJP.NEO
ZNQ.TO
CJP.NEO vs. ZNQ.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 NASDAQ 100 Equity Index ETF (ZNQ.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 | ZNQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.48 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 3.40 | +1.47 |
| Martin ratioReturn relative to average drawdown | 18.49 | 10.71 | +7.78 |
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 | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.71 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.01 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.06 | -0.61 |
Drawdowns
CJP.NEO vs. ZNQ.TO - Drawdown Comparison
The maximum CJP.NEO drawdown since its inception was -38.36%, which is greater than ZNQ.TO's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for CJP.NEO and ZNQ.TO.
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Drawdown Indicators
| CJP.NEO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.36% | -32.09% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -12.50% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -22.67% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -32.09% | +11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -37.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.42% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -6.63% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.96% | -1.07% |
Volatility
CJP.NEO vs. ZNQ.TO - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) is 2.97%, while BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) has a volatility of 4.49%. This indicates that CJP.NEO experiences smaller price fluctuations and is considered to be less risky than ZNQ.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 | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 4.49% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.99% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 15.68% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.27% | 20.81% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 22.33% | -2.73% |
CJP.NEO vs. ZNQ.TO - Expense Ratio Comparison
CJP.NEO has a 0.71% expense ratio, which is higher than ZNQ.TO's 0.39% expense ratio.
Dividends
CJP.NEO vs. ZNQ.TO - Dividend Comparison
CJP.NEO's dividend yield for the trailing twelve months is around 1.24%, more than ZNQ.TO's 0.20% 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% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.20% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CJP.NEO and ZNQ.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZNQ.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZNQ.TO is cheaper with a 0.39% expense ratio, compared with 0.71% for CJP.NEO.
CJP.NEO is categorized as Japan Equities, while ZNQ.TO is Nasdaq-100. CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index, while ZNQ.TO tracks NASDAQ-100 Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.71% for CJP.NEO and 0.39% for ZNQ.TO.
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