GSJY vs. SCJ

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and iShares MSCI Japan Small Cap ETF (SCJ).

GSJY and SCJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSJY is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Japan Equity Index. It was launched on Mar 2, 2016. SCJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Small Cap Index. It was launched on Dec 20, 2007. Both GSJY and SCJ 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

GSJY vs. SCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and iShares MSCI Japan Small Cap ETF (SCJ). The values are adjusted to include any dividend payments, if applicable.

GSJY vs. SCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	4.45%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-11.56%	25.50%
SCJ iShares MSCI Japan Small Cap ETF	5.74%	29.58%	3.41%	13.22%	-12.75%	-2.95%	7.46%	16.16%	-17.17%	31.61%

Returns By Period

In the year-to-date period, GSJY achieves a 4.45% return, which is significantly lower than SCJ's 5.74% return. Over the past 10 years, GSJY has outperformed SCJ with an annualized return of 8.90%, while SCJ has yielded a comparatively lower 7.50% annualized return.

GSJY

• 1D: 3.50%
• 1M: -8.53%
• YTD: 4.45%
• 6M: 9.43%
• 1Y: 29.05%
• 3Y*: 16.99%
• 5Y*: 7.02%
• 10Y*: 8.90%

SCJ

• 1D: 2.63%
• 1M: -9.21%
• YTD: 5.74%
• 6M: 7.75%
• 1Y: 30.63%
• 3Y*: 15.14%
• 5Y*: 5.57%
• 10Y*: 7.50%

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

GSJY vs. SCJ - Expense Ratio Comparison

GSJY has a 0.25% expense ratio, which is lower than SCJ's 0.49% expense ratio.

SCJ

iShares MSCI Japan Small Cap ETF

GSJY

Goldman Sachs ActiveBeta Japan Equity ETF

Return for Risk

GSJY vs. SCJ — Risk / Return Rank

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

GSJY

GSJY Risk / Return Rank: 74
GSJY Sharpe Ratio Rank: 74
GSJY Sortino Ratio Rank: 75
GSJY Omega Ratio Rank: 72
GSJY Calmar Ratio Rank: 75
GSJY Martin Ratio Rank: 72

SCJ

SCJ Risk / Return Rank: 85
SCJ Sharpe Ratio Rank: 87
SCJ Sortino Ratio Rank: 89
SCJ Omega Ratio Rank: 85
SCJ Calmar Ratio Rank: 84
SCJ Martin Ratio Rank: 83

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.

GSJY vs. SCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and iShares MSCI Japan Small Cap ETF (SCJ). 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.

	GSJY	SCJ	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.77	-0.45
Sortino ratio Return per unit of downside risk	1.90	2.48	-0.58
Omega ratio Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio Return relative to maximum drawdown	1.97	2.41	-0.44
Martin ratio Return relative to average drawdown	7.41	9.17	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSJY vs. SCJ - Sharpe Ratio Comparison

The current GSJY Sharpe Ratio is 1.32, which is comparable to the SCJ Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of GSJY and SCJ, 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

	GSJY	SCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.77	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.36	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.46	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.28	+0.22

Correlation

The correlation between GSJY and SCJ is 0.86, 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

GSJY vs. SCJ - Dividend Comparison

GSJY's dividend yield for the trailing twelve months is around 1.90%, less than SCJ's 2.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.90%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%	0.00%
SCJ iShares MSCI Japan Small Cap ETF	2.97%	3.14%	1.79%	1.99%	1.18%	1.87%	0.89%	1.85%	1.44%	1.45%	2.73%	1.53%

Drawdowns

GSJY vs. SCJ - Drawdown Comparison

The maximum GSJY drawdown since its inception was -32.53%, smaller than the maximum SCJ drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for GSJY and SCJ.

Drawdown Indicators

	GSJY	SCJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-43.52%	+10.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-12.17%	-1.91%
Max Drawdown (5Y) Largest decline over 5 years	-32.53%	-33.25%	+0.72%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	-38.87%	+6.34%
Current Drawdown Current decline from peak	-10.22%	-9.21%	-1.01%
Average Drawdown Average peak-to-trough decline	-7.62%	-10.44%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.19%	+0.54%

Volatility

GSJY vs. SCJ - Volatility Comparison

Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a higher volatility of 9.57% compared to iShares MSCI Japan Small Cap ETF (SCJ) at 7.26%. This indicates that GSJY's price experiences larger fluctuations and is considered to be riskier than SCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSJY	SCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	7.26%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	12.11%	+2.80%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	17.40%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.93%	15.64%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	16.23%	+0.72%