DBJP vs. CJP.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO).

DBJP and CJP.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011. CJP.NEO 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. Both DBJP and CJP.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBJP vs. CJP.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). The values are adjusted to include any dividend payments, if applicable.

DBJP vs. CJP.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBJP Xtrackers MSCI Japan Hedged Equity ETF	9.63%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	8.15%	36.93%	16.73%	38.10%	-3.26%	19.06%	2.18%	18.77%	-23.77%	29.71%

Different Trading Currencies

DBJP is traded in USD, while CJP.NEO is traded in CAD. To make them comparable, the CJP.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DBJP achieves a 9.63% return, which is significantly higher than CJP.NEO's 8.15% return. Over the past 10 years, DBJP has outperformed CJP.NEO with an annualized return of 15.47%, while CJP.NEO has yielded a comparatively lower 14.36% annualized return.

DBJP

• 1D: 2.73%
• 1M: -2.62%
• YTD: 9.63%
• 6M: 22.76%
• 1Y: 45.69%
• 3Y*: 29.91%
• 5Y*: 19.11%
• 10Y*: 15.47%

CJP.NEO

• 1D: 2.46%
• 1M: -4.98%
• YTD: 8.15%
• 6M: 22.56%
• 1Y: 48.48%
• 3Y*: 29.98%
• 5Y*: 18.74%
• 10Y*: 14.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBJP vs. CJP.NEO - Expense Ratio Comparison

DBJP has a 0.46% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.

CJP.NEO

iShares Japan Fundamental Index ETF (CAD-Hedged)

DBJP

Xtrackers MSCI Japan Hedged Equity ETF

Return for Risk

DBJP vs. CJP.NEO — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 91
DBJP Sharpe Ratio Rank: 89
DBJP Sortino Ratio Rank: 90
DBJP Omega Ratio Rank: 89
DBJP Calmar Ratio Rank: 93
DBJP Martin Ratio Rank: 93

CJP.NEO

CJP.NEO Risk / Return Rank: 90
CJP.NEO Sharpe Ratio Rank: 90
CJP.NEO Sortino Ratio Rank: 91
CJP.NEO Omega Ratio Rank: 90
CJP.NEO Calmar Ratio Rank: 89
CJP.NEO Martin Ratio Rank: 90

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.

DBJP vs. CJP.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). 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.

	DBJP	CJP.NEO	Difference
Sharpe ratio Return per unit of total volatility	1.94	2.22	-0.28
Sortino ratio Return per unit of downside risk	2.62	2.91	-0.28
Omega ratio Gain probability vs. loss probability	1.39	1.41	-0.03
Calmar ratio Return relative to maximum drawdown	3.69	3.57	+0.11
Martin ratio Return relative to average drawdown	14.11	14.30	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBJP vs. CJP.NEO - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 1.94, which is comparable to the CJP.NEO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DBJP and CJP.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBJP	CJP.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.22	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.90	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.63	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.40	+0.26

Correlation

The correlation between DBJP and CJP.NEO is 0.76, 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.

Dividends

DBJP vs. CJP.NEO - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 2.57%, more than CJP.NEO's 1.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.57%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	1.35%	1.48%	1.71%	1.24%	1.96%	1.56%	1.97%	2.42%	2.38%	1.48%	0.97%	0.84%

Drawdowns

DBJP vs. CJP.NEO - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum CJP.NEO drawdown of -45.01%. Use the drawdown chart below to compare losses from any high point for DBJP and CJP.NEO.

Drawdown Indicators

	DBJP	CJP.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-38.36%	+7.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-13.45%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-20.86%	-0.64%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-37.75%	+6.45%
Current Drawdown Current decline from peak	-4.71%	-5.16%	+0.45%
Average Drawdown Average peak-to-trough decline	-7.35%	-11.25%	+3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.43%	-0.27%

Volatility

DBJP vs. CJP.NEO - Volatility Comparison

The current volatility for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is 7.74%, while iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) has a volatility of 8.23%. This indicates that DBJP experiences smaller price fluctuations and is considered to be less risky than CJP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	CJP.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	8.23%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	14.81%	15.25%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	21.92%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	20.84%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	22.82%	-3.04%