CNYA vs. EWJ
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and iShares MSCI Japan ETF (EWJ).
CNYA and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both CNYA and EWJ 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: CNYA or EWJ.
Key characteristics
| CNYA | EWJ | |
|---|---|---|
| YTD Return | 5.19% | 7.44% |
| 1Y Return | -12.34% | 18.45% |
| 3Y Return (Ann) | -11.11% | 1.72% |
| 5Y Return (Ann) | 2.18% | 6.95% |
| Sharpe Ratio | -0.65 | 1.23 |
| Daily Std Dev | 18.10% | 14.83% |
| Max Drawdown | -49.49% | -58.89% |
| Current Drawdown | -40.53% | -4.07% |
Correlation
The correlation between CNYA and EWJ is 0.40, 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.
Performance
CNYA vs. EWJ - Performance Comparison
In the year-to-date period, CNYA achieves a 5.19% return, which is significantly lower than EWJ's 7.44% 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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CNYA vs. EWJ - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Risk-Adjusted Performance
CNYA vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) and iShares MSCI Japan ETF (EWJ). 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
CNYA vs. EWJ - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 4.02%, more than EWJ's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 4.02% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% | 0.00% | 0.00% |
EWJ iShares MSCI Japan ETF | 1.89% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
CNYA vs. EWJ - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for CNYA and EWJ. For additional features, visit the drawdowns tool.
Volatility
CNYA vs. EWJ - Volatility Comparison
iShares MSCI China A ETF (CNYA) has a higher volatility of 5.68% compared to iShares MSCI Japan ETF (EWJ) at 4.74%. This indicates that CNYA's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.