CJP.TO vs. DXJ
Compare and contrast key facts about iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) and WisdomTree Japan Hedged Equity Fund (DXJ).
CJP.TO and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CJP.TO 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both CJP.TO and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CJP.TO or DXJ.
Key characteristics
| CJP.TO | DXJ | |
|---|---|---|
| YTD Return | 21.65% | 23.86% |
| 1Y Return | 44.91% | 52.33% |
| 3Y Return (Ann) | 21.13% | 26.00% |
| 5Y Return (Ann) | 16.32% | 20.62% |
| 10Y Return (Ann) | 10.29% | 13.12% |
| Sharpe Ratio | 2.93 | 3.33 |
| Daily Std Dev | 15.66% | 15.76% |
| Max Drawdown | -40.66% | -49.63% |
| Current Drawdown | -1.28% | -0.83% |
Correlation
The correlation between CJP.TO and DXJ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CJP.TO vs. DXJ - Performance Comparison
In the year-to-date period, CJP.TO achieves a 21.65% return, which is significantly lower than DXJ's 23.86% return. Over the past 10 years, CJP.TO has underperformed DXJ with an annualized return of 10.29%, while DXJ has yielded a comparatively higher 13.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CJP.TO vs. DXJ - Expense Ratio Comparison
CJP.TO has a 0.71% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
CJP.TO vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
Dividends
CJP.TO vs. DXJ - Dividend Comparison
CJP.TO's dividend yield for the trailing twelve months is around 1.02%, less than DXJ's 2.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.TO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.02% | 1.24% | 1.96% | 0.00% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.49% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
CJP.TO vs. DXJ - Drawdown Comparison
The maximum CJP.TO drawdown since its inception was -40.66%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for CJP.TO and DXJ. For additional features, visit the drawdowns tool.
Volatility
CJP.TO vs. DXJ - Volatility Comparison
iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 4.58% and 4.44%, 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.