HXQ.TO vs. CJP.NEO
HXQ.TO (Horizons NASDAQ-100 Index ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index. Both are passively managed. Over the past 10 years, HXQ.TO returned 22.27%/yr vs 16.37%/yr for CJP.NEO. At a 0.38 correlation, their price movements are largely independent. HXQ.TO charges 0.25%/yr vs 0.71%/yr for CJP.NEO.
Performance
HXQ.TO vs. CJP.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HXQ.TO achieves a 19.67% return, which is significantly higher than CJP.NEO's 17.05% return. Over the past 10 years, HXQ.TO has outperformed CJP.NEO with an annualized return of 22.27%, while CJP.NEO has yielded a comparatively lower 16.37% annualized return.
HXQ.TO
- 1D
- 0.78%
- 1M
- 3.00%
- YTD
- 19.67%
- 6M
- 19.59%
- 1Y
- 39.46%
- 3Y*
- 28.29%
- 5Y*
- 19.92%
- 10Y*
- 22.27%
CJP.NEO
- 1D
- 2.51%
- 1M
- 0.99%
- YTD
- 17.05%
- 6M
- 17.74%
- 1Y
- 49.90%
- 3Y*
- 27.93%
- 5Y*
- 22.66%
- 10Y*
- 16.37%
HXQ.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 19.67% | 15.05% | 35.98% | 51.16% | -27.84% | 26.20% | 45.58% | 32.26% | 6.71% | 23.12% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 17.05% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
Correlation
The correlation between HXQ.TO and CJP.NEO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HXQ.TO vs. CJP.NEO — Risk / Return Rank
HXQ.TO
CJP.NEO
HXQ.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). 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.
| HXQ.TO | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.51 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 4.58 | -1.39 |
| Martin ratioReturn relative to average drawdown | 10.12 | 17.20 | -7.09 |
Loading charts...
Drawdowns
HXQ.TO vs. CJP.NEO - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, smaller than the maximum CJP.NEO drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and CJP.NEO.
Loading charts...
Drawdown Indicators
| HXQ.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -38.36% | +6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -10.99% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -20.86% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.60% | -20.86% | -10.74% |
Max Drawdown (10Y)Largest decline over 10 years | -31.60% | -37.75% | +6.15% |
Current DrawdownCurrent decline from peak | -2.58% | -1.88% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -11.15% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.92% | +0.99% |
Volatility
HXQ.TO vs. CJP.NEO - Volatility Comparison
Horizons NASDAQ-100 Index ETF (HXQ.TO) has a higher volatility of 7.27% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 5.03%. This indicates that HXQ.TO's price experiences larger fluctuations and is considered to be riskier than CJP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HXQ.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 5.03% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 13.58% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 18.26% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 18.37% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 19.59% | +1.33% |
HXQ.TO vs. CJP.NEO - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
HXQ.TO vs. CJP.NEO - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while CJP.NEO's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.26% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HXQ.TO and CJP.NEO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.71% for CJP.NEO.
HXQ.TO is categorized as Nasdaq-100, while CJP.NEO is Japan Equities. HXQ.TO tracks NASDAQ-100 Index, while CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index. They also come from different issuers: Horizons and iShares. Their fees differ too: 0.25% for HXQ.TO and 0.71% for CJP.NEO.
Find the right allocation for HXQ.TO and CJP.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer