Correlation
The correlation between HJPNX and JPXN is 0.56, 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.
HJPNX vs. JPXN
Compare and contrast key facts about Hennessy Japan Fund (HJPNX) and iShares JPX-Nikkei 400 ETF (JPXN).
HJPNX is managed by Hennessy. It was launched on Oct 30, 2003. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJPNX or JPXN.
Performance
HJPNX vs. JPXN - Performance Comparison
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Key characteristics
HJPNX:
0.38
JPXN:
0.63
HJPNX:
0.64
JPXN:
0.87
HJPNX:
1.08
JPXN:
1.11
HJPNX:
0.39
JPXN:
0.78
HJPNX:
1.25
JPXN:
2.15
HJPNX:
6.76%
JPXN:
5.10%
HJPNX:
24.41%
JPXN:
20.47%
HJPNX:
-59.51%
JPXN:
-54.98%
HJPNX:
-5.80%
JPXN:
-1.30%
Returns By Period
In the year-to-date period, HJPNX achieves a 3.45% return, which is significantly lower than JPXN's 11.18% return. Over the past 10 years, HJPNX has outperformed JPXN with an annualized return of 7.56%, while JPXN has yielded a comparatively lower 5.26% annualized return.
HJPNX
3.45%
3.72%
3.62%
9.17%
12.88%
5.13%
7.56%
JPXN
11.18%
2.61%
10.65%
12.66%
10.74%
7.79%
5.26%
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HJPNX vs. JPXN - Expense Ratio Comparison
HJPNX has a 1.44% expense ratio, which is higher than JPXN's 0.48% expense ratio.
Risk-Adjusted Performance
HJPNX vs. JPXN — Risk-Adjusted Performance Rank
HJPNX
JPXN
HJPNX vs. JPXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) and iShares JPX-Nikkei 400 ETF (JPXN). 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.
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Dividends
HJPNX vs. JPXN - Dividend Comparison
HJPNX's dividend yield for the trailing twelve months is around 5.61%, more than JPXN's 2.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPNX Hennessy Japan Fund | 5.61% | 5.80% | 5.87% | 0.00% | 0.89% | 0.00% | 0.13% | 0.04% | 0.02% | 0.00% | 0.00% | 0.00% |
JPXN iShares JPX-Nikkei 400 ETF | 2.06% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% |
Drawdowns
HJPNX vs. JPXN - Drawdown Comparison
The maximum HJPNX drawdown since its inception was -59.51%, which is greater than JPXN's maximum drawdown of -54.98%. Use the drawdown chart below to compare losses from any high point for HJPNX and JPXN.
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Volatility
HJPNX vs. JPXN - Volatility Comparison
Hennessy Japan Fund (HJPNX) and iShares JPX-Nikkei 400 ETF (JPXN) have volatilities of 4.47% and 4.29%, 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.
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