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EWJ vs. ^N225
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between EWJ and ^N225 is 0.41, 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.


-0.50.00.51.00.4

Performance

EWJ vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Japan ETF (EWJ) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
1.11%
2.06%
EWJ
^N225

Key characteristics

Sharpe Ratio

EWJ:

0.50

^N225:

0.71

Sortino Ratio

EWJ:

0.79

^N225:

1.06

Omega Ratio

EWJ:

1.10

^N225:

1.17

Calmar Ratio

EWJ:

0.72

^N225:

0.71

Martin Ratio

EWJ:

2.10

^N225:

2.55

Ulcer Index

EWJ:

4.23%

^N225:

7.13%

Daily Std Dev

EWJ:

17.63%

^N225:

25.95%

Max Drawdown

EWJ:

-58.89%

^N225:

-81.87%

Current Drawdown

EWJ:

-7.91%

^N225:

-8.08%

Returns By Period

In the year-to-date period, EWJ achieves a 5.57% return, which is significantly lower than ^N225's 15.99% return. Over the past 10 years, EWJ has underperformed ^N225 with an annualized return of 5.47%, while ^N225 has yielded a comparatively higher 8.35% annualized return.


EWJ

YTD

5.57%

1M

-0.98%

6M

0.83%

1Y

8.57%

5Y*

3.86%

10Y*

5.47%

^N225

YTD

15.99%

1M

1.55%

6M

0.63%

1Y

16.84%

5Y*

10.52%

10Y*

8.35%

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Risk-Adjusted Performance

EWJ vs. ^N225 - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ETF (EWJ) and Nikkei 225 (^N225). 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.


Sharpe ratio
The chart of Sharpe ratio for EWJ, currently valued at 0.37, compared to the broader market0.002.004.000.370.16
The chart of Sortino ratio for EWJ, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.0010.000.620.42
The chart of Omega ratio for EWJ, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.001.081.06
The chart of Calmar ratio for EWJ, currently valued at 0.53, compared to the broader market0.005.0010.0015.000.530.19
The chart of Martin ratio for EWJ, currently valued at 1.51, compared to the broader market0.0020.0040.0060.0080.00100.001.510.68
EWJ
^N225

The current EWJ Sharpe Ratio is 0.50, which is comparable to the ^N225 Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of EWJ and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.37
0.16
EWJ
^N225

Drawdowns

EWJ vs. ^N225 - Drawdown Comparison

The maximum EWJ drawdown since its inception was -58.89%, smaller than the maximum ^N225 drawdown of -81.87%. Use the drawdown chart below to compare losses from any high point for EWJ and ^N225. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.91%
-13.68%
EWJ
^N225

Volatility

EWJ vs. ^N225 - Volatility Comparison

The current volatility for iShares MSCI Japan ETF (EWJ) is 5.06%, while Nikkei 225 (^N225) has a volatility of 5.69%. This indicates that EWJ experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
5.06%
5.69%
EWJ
^N225
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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