HYKE vs. CJP.NEO

Last updated Jun 5, 2026

HYKE (Vest 2 Year Interest Rate Hedge ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - HYKE is a Nontraditional Bonds fund actively managed by Cboe Vest, while CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index. HYKE is actively managed, while CJP.NEO is passively managed. HYKE charges 0.85%/yr vs 0.71%/yr for CJP.NEO.

Performance

HYKE vs. CJP.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYKE is traded in USD, while CJP.NEO is traded in CAD. To make them comparable, the CJP.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CJP.NEO

• 1D: -0.08%
• 1M: 5.68%
• YTD: 17.77%
• 6M: 22.46%
• 1Y: 50.67%
• 3Y*: 28.99%
• 5Y*: 19.50%
• 10Y*: 14.93%

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

HYKE vs. CJP.NEO - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	15.29%

Return for Risk

HYKE vs. CJP.NEO — Risk / Return Rank

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

CJP.NEO

CJP.NEO Risk / Return Rank: 88
CJP.NEO Sharpe Ratio Rank: 90
CJP.NEO Sortino Ratio Rank: 89
CJP.NEO Omega Ratio Rank: 89
CJP.NEO Calmar Ratio Rank: 87
CJP.NEO Martin Ratio Rank: 87

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.

HYKE vs. CJP.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYKE	CJP.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.75	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.36	—

Drawdowns

HYKE vs. CJP.NEO - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum CJP.NEO drawdown of -45.01%. Use the drawdown chart below to compare losses from any high point for HYKE and CJP.NEO.

Drawdown Indicators

	HYKE	CJP.NEO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-45.01%	+45.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.01%	—
Current Drawdown Current decline from peak	0.00%	-0.08%	+0.08%
Average Drawdown Average peak-to-trough decline	0.00%	-13.36%	+13.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.16%	—

Volatility

Volatility by Period

	HYKE	CJP.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	18.53%	-18.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	20.69%	-20.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	22.36%	-22.36%

HYKE vs. CJP.NEO - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is higher than CJP.NEO's 0.71% expense ratio.

Dividends

HYKE vs. CJP.NEO - Dividend Comparison

HYKE has not paid dividends to shareholders, while CJP.NEO's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	1.24%	1.48%	1.71%	1.24%	1.96%	1.56%	1.97%	2.42%	2.38%	1.48%	0.97%	0.84%
HYKE Vest 2 Year Interest Rate Hedge 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

Which ETF is better, HYKE or CJP.NEO?

On fees, CJP.NEO is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYKE or CJP.NEO?

CJP.NEO is cheaper with a 0.71% expense ratio, compared with 0.85% for HYKE.

What is the main difference between HYKE and CJP.NEO?

HYKE is categorized as Nontraditional Bonds, while CJP.NEO is Japan Equities. They also come from different issuers: Cboe Vest and iShares. Their fees differ too: 0.85% for HYKE and 0.71% for CJP.NEO.