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CNJFX vs. JOF
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

CNJFX vs. JOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Commonwealth Japan Fund (CNJFX) and Japan Smaller Capitalization Fund (JOF). The values are adjusted to include any dividend payments, if applicable.

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CNJFX vs. JOF - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CNJFX
Commonwealth Japan Fund
3.66%18.27%-1.53%14.15%-18.49%-7.92%9.93%19.15%-10.80%20.61%
JOF
Japan Smaller Capitalization Fund
0.73%52.12%5.28%21.40%-17.07%-6.15%4.76%16.62%-15.66%40.78%

Returns By Period

In the year-to-date period, CNJFX achieves a 3.66% return, which is significantly higher than JOF's 0.73% return. Over the past 10 years, CNJFX has underperformed JOF with an annualized return of 4.16%, while JOF has yielded a comparatively higher 9.61% annualized return.


CNJFX

1D
0.00%
1M
-10.65%
YTD
3.66%
6M
6.88%
1Y
20.66%
3Y*
9.88%
5Y*
1.61%
10Y*
4.16%

JOF

1D
2.35%
1M
-11.15%
YTD
0.73%
6M
8.65%
1Y
40.08%
3Y*
22.46%
5Y*
8.09%
10Y*
9.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CNJFX vs. JOF - Expense Ratio Comparison

CNJFX has a 1.75% expense ratio, which is higher than JOF's 0.02% expense ratio.


Return for Risk

CNJFX vs. JOF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNJFX
CNJFX Risk / Return Rank: 5656
Overall Rank
CNJFX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
CNJFX Sortino Ratio Rank: 5959
Sortino Ratio Rank
CNJFX Omega Ratio Rank: 4444
Omega Ratio Rank
CNJFX Calmar Ratio Rank: 6969
Calmar Ratio Rank
CNJFX Martin Ratio Rank: 5656
Martin Ratio Rank

JOF
JOF Risk / Return Rank: 8888
Overall Rank
JOF Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
JOF Sortino Ratio Rank: 9090
Sortino Ratio Rank
JOF Omega Ratio Rank: 8585
Omega Ratio Rank
JOF Calmar Ratio Rank: 8888
Calmar Ratio Rank
JOF Martin Ratio Rank: 8585
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.

CNJFX vs. JOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commonwealth Japan Fund (CNJFX) and Japan Smaller Capitalization Fund (JOF). 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.


CNJFXJOFDifference

Sharpe ratio

Return per unit of total volatility

1.02

1.92

-0.90

Sortino ratio

Return per unit of downside risk

1.55

2.59

-1.04

Omega ratio

Gain probability vs. loss probability

1.19

1.35

-0.16

Calmar ratio

Return relative to maximum drawdown

1.59

2.34

-0.75

Martin ratio

Return relative to average drawdown

5.46

8.77

-3.31

CNJFX vs. JOF - Sharpe Ratio Comparison

The current CNJFX Sharpe Ratio is 1.02, which is lower than the JOF Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of CNJFX and JOF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


CNJFXJOFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

1.92

-0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

0.48

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

0.55

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.08

0.10

-0.18

Correlation

The correlation between CNJFX and JOF is 0.50, 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

CNJFX vs. JOF - Dividend Comparison

CNJFX's dividend yield for the trailing twelve months is around 1.16%, less than JOF's 7.32% yield.


TTM20252024202320222021202020192018201720162015
CNJFX
Commonwealth Japan Fund
1.16%1.20%0.58%0.10%0.00%4.25%0.00%0.00%0.00%0.00%0.00%0.00%
JOF
Japan Smaller Capitalization Fund
7.32%4.80%4.07%3.50%0.71%7.70%3.81%8.30%20.55%15.89%9.63%8.58%

Drawdowns

CNJFX vs. JOF - Drawdown Comparison

The maximum CNJFX drawdown since its inception was -73.98%, roughly equal to the maximum JOF drawdown of -74.98%. Use the drawdown chart below to compare losses from any high point for CNJFX and JOF.


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Drawdown Indicators


CNJFXJOFDifference

Max Drawdown

Largest peak-to-trough decline

-73.98%

-74.98%

+1.00%

Max Drawdown (1Y)

Largest decline over 1 year

-11.44%

-17.21%

+5.77%

Max Drawdown (5Y)

Largest decline over 5 years

-36.47%

-37.03%

+0.56%

Max Drawdown (10Y)

Largest decline over 10 years

-36.47%

-42.37%

+5.90%

Current Drawdown

Current decline from peak

-38.97%

-13.73%

-25.24%

Average Drawdown

Average peak-to-trough decline

-50.01%

-32.83%

-17.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

4.59%

-1.26%

Volatility

CNJFX vs. JOF - Volatility Comparison

The current volatility for Commonwealth Japan Fund (CNJFX) is 7.30%, while Japan Smaller Capitalization Fund (JOF) has a volatility of 9.54%. This indicates that CNJFX experiences smaller price fluctuations and is considered to be less risky than JOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CNJFXJOFDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.30%

9.54%

-2.24%

Volatility (6M)

Calculated over the trailing 6-month period

13.58%

15.90%

-2.32%

Volatility (1Y)

Calculated over the trailing 1-year period

19.19%

21.02%

-1.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.00%

16.80%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.27%

17.49%

-0.22%