HJPNX vs. EWJ
Compare and contrast key facts about Hennessy Japan Fund (HJPNX) and iShares MSCI Japan ETF (EWJ).
HJPNX is managed by Hennessy. It was launched on Oct 30, 2003. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJPNX or EWJ.
Correlation
The correlation between HJPNX and EWJ is 0.82, 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.
Performance
HJPNX vs. EWJ - Performance Comparison
Key characteristics
HJPNX:
0.20
EWJ:
0.23
HJPNX:
0.42
EWJ:
0.43
HJPNX:
1.05
EWJ:
1.05
HJPNX:
0.19
EWJ:
0.33
HJPNX:
0.68
EWJ:
0.83
HJPNX:
6.50%
EWJ:
4.89%
HJPNX:
22.38%
EWJ:
17.99%
HJPNX:
-59.51%
EWJ:
-58.89%
HJPNX:
-17.93%
EWJ:
-3.86%
Returns By Period
In the year-to-date period, HJPNX achieves a 0.02% return, which is significantly lower than EWJ's 2.97% return. Over the past 10 years, HJPNX has outperformed EWJ with an annualized return of 6.52%, while EWJ has yielded a comparatively lower 5.21% annualized return.
HJPNX
0.02%
0.82%
-7.37%
2.36%
3.31%
6.52%
EWJ
2.97%
2.74%
-2.45%
2.60%
5.92%
5.21%
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HJPNX vs. EWJ - Expense Ratio Comparison
HJPNX has a 1.44% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Risk-Adjusted Performance
HJPNX vs. EWJ — Risk-Adjusted Performance Rank
HJPNX
EWJ
HJPNX vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) 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
HJPNX vs. EWJ - Dividend Comparison
HJPNX's dividend yield for the trailing twelve months is around 1.00%, less than EWJ's 2.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPNX Hennessy Japan Fund | 1.00% | 1.00% | 0.00% | 0.00% | 0.89% | 0.00% | 0.06% | 0.04% | 0.02% | 0.00% | 0.00% | 0.00% |
EWJ iShares MSCI Japan ETF | 2.28% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% |
Drawdowns
HJPNX vs. EWJ - Drawdown Comparison
The maximum HJPNX drawdown since its inception was -59.51%, roughly equal to the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for HJPNX and EWJ. For additional features, visit the drawdowns tool.
Volatility
HJPNX vs. EWJ - Volatility Comparison
Hennessy Japan Fund (HJPNX) and iShares MSCI Japan ETF (EWJ) have volatilities of 4.58% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.