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HJPN.AX vs. VMIN.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HJPN.AX vs. VMIN.AX

Last updated Jul 18, 2026
Documentation

HJPN.AX (Betashares Japan Currency Hedged ETF) and VMIN.AX (Vanguard Global Minimum Volatility Active ETF) are both Global Equities funds. HJPN.AX is passively managed, while VMIN.AX is actively managed. Over the past 5 years, HJPN.AX returned 18.93%/yr vs 6.35%/yr for VMIN.AX. At a 0.41 correlation, their price movements are largely independent.

Performance

HJPN.AX vs. VMIN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Betashares Japan Currency Hedged ETF (HJPN.AX) and Vanguard Global Minimum Volatility Active ETF (VMIN.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HJPN.AX achieves a 20.94% return, which is significantly higher than VMIN.AX's 7.84% return.

HJPN.AX

1D
-3.91%
1M
-4.66%
6M
11.09%
YTD
20.94%
1Y
50.26%
3Y*
25.78%
5Y*
18.93%
10Y*
15.01%

VMIN.AX

1D
0.21%
1M
0.74%
6M
7.57%
YTD
7.84%
1Y
12.02%
3Y*
11.87%
5Y*
6.35%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HJPN.AX vs. VMIN.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HJPN.AX
Betashares Japan Currency Hedged ETF		20.94%25.64%24.96%34.17%-13.44%16.18%15.92%16.79%-15.87%
VMIN.AX
Vanguard Global Minimum Volatility Active ETF		7.84%12.03%11.45%5.06%-6.66%11.54%-3.76%18.59%0.31%

Correlation

The correlation between HJPN.AX and VMIN.AX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2018

0.41

Compare stocks, funds, or ETFs

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Betashares Japan Currency Hedged ETF

Vanguard Global Minimum Volatility Active ETF

Often compared with HJPN.AX:
HJPN.AX vs. CORE.AXHJPN.AX vs. ESGI.AXHJPN.AX vs. ESTX.AXHJPN.AX vs. F100.AXHJPN.AX vs. FOOD.AXHJPN.AX vs. FUEL.AXHJPN.AX vs. GEAR.AX
Often compared with VMIN.AX:
VMIN.AX vs. GLIN.AXVMIN.AX vs. IFRA.AXVMIN.AX vs. ILB.AXVMIN.AX vs. VDCO.AXVMIN.AX vs. WVOL.AXVMIN.AX vs. VACF.AXVMIN.AX vs. VGB.AX

Return for Risk

HJPN.AX vs. VMIN.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HJPN.AX
HJPN.AX Risk / Return Rank: 8181
Overall Rank
HJPN.AX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
HJPN.AX Sortino Ratio Rank: 7676
Sortino Ratio Rank
HJPN.AX Omega Ratio Rank: 7777
Omega Ratio Rank
HJPN.AX Calmar Ratio Rank: 9090
Calmar Ratio Rank
HJPN.AX Martin Ratio Rank: 8484
Martin Ratio Rank
VMIN.AX
VMIN.AX Risk / Return Rank: 5454
Overall Rank
VMIN.AX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VMIN.AX Sortino Ratio Rank: 4848
Sortino Ratio Rank
VMIN.AX Omega Ratio Rank: 5757
Omega Ratio Rank
VMIN.AX Calmar Ratio Rank: 5353
Calmar Ratio Rank
VMIN.AX Martin Ratio Rank: 6666
Martin Ratio Rank
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.

HJPN.AX vs. VMIN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Betashares Japan Currency Hedged ETF (HJPN.AX) and Vanguard Global Minimum Volatility Active ETF (VMIN.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

HJPN.AXVMIN.AXDifference
Sharpe ratioReturn per unit of total volatility
1.80
1.19

+0.61

Sortino ratioReturn per unit of downside risk
2.59
1.85

+0.74

Omega ratioGain probability vs. loss probability

1.34

1.27

+0.07

Calmar ratioReturn relative to maximum drawdown

4.10

2.01

+2.09

Martin ratioReturn relative to average drawdown

12.52

8.65

+3.87

HJPN.AX vs. VMIN.AX - Sharpe Ratio Comparison

The current HJPN.AX Sharpe Ratio is 1.80, which is higher than the VMIN.AX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of HJPN.AX and VMIN.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HJPN.AX vs. VMIN.AX - Drawdown Comparison

The maximum HJPN.AX drawdown since its inception was -36.74%, which is greater than VMIN.AX's maximum drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for HJPN.AX and VMIN.AX.

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Drawdown Indicators

HJPN.AXVMIN.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.74%

-31.28%

-5.46%

Max Drawdown (1Y)

Largest decline over 1 year

-11.86%

-5.81%

-6.05%

Max Drawdown (3Y)

Largest decline over 3 years

-26.71%

-9.72%

-16.99%

Max Drawdown (5Y)

Largest decline over 5 years

-26.71%

-15.31%

-11.40%

Max Drawdown (10Y)

Largest decline over 10 years

-36.74%

—

—

Current Drawdown

Current decline from peak

-8.20%

-0.55%

-7.65%

Average Drawdown

Average peak-to-trough decline

-7.84%

-3.70%

-4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.90%

1.37%

+2.53%

Volatility

HJPN.AX vs. VMIN.AX - Volatility Comparison

Betashares Japan Currency Hedged ETF (HJPN.AX) has a higher volatility of 8.12% compared to Vanguard Global Minimum Volatility Active ETF (VMIN.AX) at 2.29%. This indicates that HJPN.AX's price experiences larger fluctuations and is considered to be riskier than VMIN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HJPN.AXVMIN.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.12%

2.29%

+5.83%

Volatility (6M)

Calculated over the trailing 6-month period

20.18%

8.75%

+11.43%

Volatility (1Y)

Calculated over the trailing 1-year period

26.97%

9.82%

+17.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.86%

10.67%

+13.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.02%

12.42%

+8.60%

Dividends

HJPN.AX vs. VMIN.AX - Dividend Comparison

HJPN.AX's dividend yield for the trailing twelve months is around 6.17%, less than VMIN.AX's 11.18% yield.

PositionTTM2025202420232022202120202019201820172016
HJPN.AX
Betashares Japan Currency Hedged ETF		6.17%0.00%5.68%3.06%8.35%5.39%0.00%0.37%2.46%1.47%0.11%
VMIN.AX
Vanguard Global Minimum Volatility Active ETF		11.18%6.54%0.88%0.00%0.00%10.76%4.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HJPN.AX and VMIN.AX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: BetaShares and Vanguard.

Portfolio Optimizer

Find the right allocation for HJPN.AX and VMIN.AX

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