CJP.TO vs. MGK
Compare and contrast key facts about iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) and Vanguard Mega Cap Growth ETF (MGK).
CJP.TO and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both CJP.TO and MGK 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 MGK.
Key characteristics
| CJP.TO | MGK | |
|---|---|---|
| YTD Return | 20.91% | 9.80% |
| 1Y Return | 42.92% | 37.43% |
| 3Y Return (Ann) | 20.10% | 9.68% |
| 5Y Return (Ann) | 16.20% | 18.30% |
| 10Y Return (Ann) | 10.41% | 15.77% |
| Sharpe Ratio | 2.86 | 2.29 |
| Daily Std Dev | 15.79% | 16.06% |
| Max Drawdown | -40.66% | -48.36% |
| Current Drawdown | -1.88% | -1.55% |
Correlation
The correlation between CJP.TO and MGK is 0.53, 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.
Performance
CJP.TO vs. MGK - Performance Comparison
In the year-to-date period, CJP.TO achieves a 20.91% return, which is significantly higher than MGK's 9.80% return. Over the past 10 years, CJP.TO has underperformed MGK with an annualized return of 10.41%, while MGK has yielded a comparatively higher 15.77% 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. MGK - Expense Ratio Comparison
CJP.TO has a 0.71% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
CJP.TO vs. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
CJP.TO's dividend yield for the trailing twelve months is around 1.02%, more than MGK's 0.46% 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% |
MGK Vanguard Mega Cap Growth ETF | 0.46% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
CJP.TO vs. MGK - Drawdown Comparison
The maximum CJP.TO drawdown since its inception was -40.66%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for CJP.TO and MGK. For additional features, visit the drawdowns tool.
Volatility
CJP.TO vs. MGK - Volatility Comparison
The current volatility for iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) is 5.11%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.97%. This indicates that CJP.TO experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.