IPPP vs. CJP.NEO

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - IPPP is a Preferred Stock/Convertible Bonds fund actively managed by Innovative Portfolios, while CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index. IPPP is actively managed, while CJP.NEO is passively managed. IPPP charges 1.27%/yr vs 0.71%/yr for CJP.NEO.

Performance

IPPP vs. CJP.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IPPP 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

IPPP

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

CJP.NEO

• 1D: 0.06%
• 1M: 7.14%
• YTD: 17.82%
• 6M: 23.71%
• 1Y: 49.27%
• 3Y*: 28.76%
• 5Y*: 19.51%
• 10Y*: 15.32%

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

IPPP vs. CJP.NEO - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged)	4.82%

Return for Risk

IPPP 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: 86
CJP.NEO Sharpe Ratio Rank: 87
CJP.NEO Sortino Ratio Rank: 85
CJP.NEO Omega Ratio Rank: 86
CJP.NEO Calmar Ratio Rank: 85
CJP.NEO Martin Ratio Rank: 85

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.

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

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) 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

	IPPP	CJP.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.37	—

Drawdowns

IPPP vs. CJP.NEO - Drawdown Comparison

The maximum IPPP 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 IPPP and CJP.NEO.

Drawdown Indicators

	IPPP	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%	0.00%	0.00%
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

	IPPP	CJP.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.29%	—
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%	20.70%	-20.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	22.36%	-22.36%

IPPP vs. CJP.NEO - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than CJP.NEO's 0.71% expense ratio.

Dividends

IPPP vs. CJP.NEO - Dividend Comparison

IPPP 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%
IPPP Preferred-Plus 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, IPPP 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, IPPP or CJP.NEO?

CJP.NEO is cheaper with a 0.71% expense ratio, compared with 1.27% for IPPP.

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

IPPP is categorized as Preferred Stock/Convertible Bonds, while CJP.NEO is Japan Equities. They also come from different issuers: Innovative Portfolios and iShares. Their fees differ too: 1.27% for IPPP and 0.71% for CJP.NEO.