CNJFX vs. SPY
Compare and contrast key facts about Commonwealth Japan Fund (CNJFX) and State Street SPDR S&P 500 ETF (SPY).
CNJFX is managed by Commonwealth Intl Series Tr. It was launched on Jul 9, 1989. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CNJFX vs. SPY - Performance Comparison
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CNJFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNJFX Commonwealth Japan Fund | 3.66% | 18.27% | -1.53% | 14.15% | -18.49% | -7.92% | 9.93% | 19.15% | -10.80% | 20.61% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CNJFX achieves a 3.66% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, CNJFX has underperformed SPY with an annualized return of 4.16%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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CNJFX vs. SPY - Expense Ratio Comparison
CNJFX has a 1.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CNJFX vs. SPY — Risk / Return Rank
CNJFX
SPY
CNJFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commonwealth Japan Fund (CNJFX) and State Street SPDR S&P 500 ETF (SPY). 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.
| CNJFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.93 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.45 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.53 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.46 | 7.30 | -1.84 |
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
| CNJFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.93 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.69 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.78 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.56 | -0.64 |
Correlation
The correlation between CNJFX and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CNJFX vs. SPY - Dividend Comparison
CNJFX's dividend yield for the trailing twelve months is around 1.16%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CNJFX vs. SPY - Drawdown Comparison
The maximum CNJFX drawdown since its inception was -73.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CNJFX and SPY.
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Drawdown Indicators
| CNJFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.98% | -55.19% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -12.05% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -36.47% | -24.50% | -11.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -33.72% | -2.75% |
Current DrawdownCurrent decline from peak | -38.97% | -6.24% | -32.73% |
Average DrawdownAverage peak-to-trough decline | -50.01% | -9.09% | -40.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.52% | +0.81% |
Volatility
CNJFX vs. SPY - Volatility Comparison
Commonwealth Japan Fund (CNJFX) has a higher volatility of 7.30% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that CNJFX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNJFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.31% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 9.47% | +4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 19.05% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 17.06% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.92% | -0.65% |