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JAPN.TO vs. CIAI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JAPN.TO vs. CIAI.TO

Last updated Jun 4, 2026

JAPN.TO (CI WisdomTree Japan Equity Index ETF) and CIAI.TO (CI Global Artificial Intelligence ETF) are both exchange-traded funds - JAPN.TO is a Japan Equities fund tracking the WisdomTree Japan Equity Index CAD, while CIAI.TO is a Technology Equities fund actively managed by CI Investments. JAPN.TO is passively managed, while CIAI.TO is actively managed. Over the past year, JAPN.TO returned 51.47% vs 63.98% for CIAI.TO. At a 0.37 correlation, their price movements are largely independent. JAPN.TO charges 0.48%/yr vs 0.50%/yr for CIAI.TO.

Performance

JAPN.TO vs. CIAI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI WisdomTree Japan Equity Index ETF (JAPN.TO) and CI Global Artificial Intelligence ETF (CIAI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JAPN.TO achieves a 19.35% return, which is significantly lower than CIAI.TO's 31.59% return.

JAPN.TO

1D
0.86%
1M
7.38%
YTD
19.35%
6M
23.23%
1Y
51.47%
3Y*
33.20%
5Y*
25.62%
10Y*
—

CIAI.TO

1D
-0.87%
1M
16.11%
YTD
31.59%
6M
26.69%
1Y
63.98%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JAPN.TO vs. CIAI.TO - Yearly Performance Comparison

2026 (YTD)20252024
JAPN.TO
CI WisdomTree Japan Equity Index ETF		19.35%30.66%3.75%
CIAI.TO
CI Global Artificial Intelligence ETF		31.59%18.84%29.92%

Correlation

The correlation between JAPN.TO and CIAI.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (All Time)
Calculated using the full available price history since May 8, 2024

0.37

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI WisdomTree Japan Equity Index ETF

CI Global Artificial Intelligence ETF

Often compared with JAPN.TO:
JAPN.TO vs. VOOJAPN.TO vs. VGTJAPN.TO vs. EWTJAPN.TO vs. YCSJAPN.TO vs. DXJJAPN.TO vs. CJP.NEOJAPN.TO vs. DXJS
Often compared with CIAI.TO:
CIAI.TO vs. AIGO.TOCIAI.TO vs. CHPS.TOCIAI.TO vs. TEC.TOCIAI.TO vs. CHPS-U.TOCIAI.TO vs. AIQCIAI.TO vs. INAI.TOCIAI.TO vs. MTRX.TO

Return for Risk

JAPN.TO vs. CIAI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JAPN.TO
JAPN.TO Risk / Return Rank: 8686
Overall Rank
JAPN.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
JAPN.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
JAPN.TO Omega Ratio Rank: 8787
Omega Ratio Rank
JAPN.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
JAPN.TO Martin Ratio Rank: 8484
Martin Ratio Rank
CIAI.TO
CIAI.TO Risk / Return Rank: 6969
Overall Rank
CIAI.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CIAI.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
CIAI.TO Omega Ratio Rank: 7171
Omega Ratio Rank
CIAI.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
CIAI.TO Martin Ratio Rank: 5656
Martin Ratio Rank
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.

JAPN.TO vs. CIAI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI WisdomTree Japan Equity Index ETF (JAPN.TO) and CI Global Artificial Intelligence ETF (CIAI.TO). 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.

JAPN.TOCIAI.TODifference
Sharpe ratioReturn per unit of total volatility
2.87
2.69

+0.18

Sortino ratioReturn per unit of downside risk
4.04
3.23

+0.81

Omega ratioGain probability vs. loss probability

1.54

1.43

+0.11

Calmar ratioReturn relative to maximum drawdown

4.66

3.40

+1.27

Martin ratioReturn relative to average drawdown

17.52

9.79

+7.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAPN.TO vs. CIAI.TO - Sharpe Ratio Comparison

The current JAPN.TO Sharpe Ratio is 2.87, which is comparable to the CIAI.TO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of JAPN.TO and CIAI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JAPN.TOCIAI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.87

2.69

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.36

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

1.44

-0.51

Drawdowns

JAPN.TO vs. CIAI.TO - Drawdown Comparison

The maximum JAPN.TO drawdown since its inception was -28.88%, smaller than the maximum CIAI.TO drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for JAPN.TO and CIAI.TO.

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Drawdown Indicators

JAPN.TOCIAI.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.88%

-31.22%

+2.34%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-18.93%

+7.84%

Max Drawdown (3Y)

Largest decline over 3 years

-21.67%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.87%

+0.87%

Average Drawdown

Average peak-to-trough decline

-6.05%

-6.50%

+0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

6.55%

-3.60%

Volatility

JAPN.TO vs. CIAI.TO - Volatility Comparison

The current volatility for CI WisdomTree Japan Equity Index ETF (JAPN.TO) is 3.65%, while CI Global Artificial Intelligence ETF (CIAI.TO) has a volatility of 7.14%. This indicates that JAPN.TO experiences smaller price fluctuations and is considered to be less risky than CIAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JAPN.TOCIAI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.65%

7.14%

-3.49%

Volatility (6M)

Calculated over the trailing 6-month period

13.69%

18.43%

-4.74%

Volatility (1Y)

Calculated over the trailing 1-year period

18.02%

23.90%

-5.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.98%

28.40%

-9.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.67%

28.40%

-8.73%

JAPN.TO vs. CIAI.TO - Expense Ratio Comparison

JAPN.TO has a 0.48% expense ratio, which is lower than CIAI.TO's 0.50% expense ratio.

Dividends

JAPN.TO vs. CIAI.TO - Dividend Comparison

JAPN.TO's dividend yield for the trailing twelve months is around 2.02%, while CIAI.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
CIAI.TO
CI Global Artificial Intelligence ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JAPN.TO
CI WisdomTree Japan Equity Index ETF		2.02%2.08%1.58%1.51%2.59%1.35%1.36%2.12%0.62%

Frequently Asked Questions

JAPN.TO and CIAI.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JAPN.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JAPN.TO is cheaper with a 0.48% expense ratio, compared with 0.50% for CIAI.TO.

JAPN.TO is categorized as Japan Equities, while CIAI.TO is Technology Equities. Their fees differ too: 0.48% for JAPN.TO and 0.50% for CIAI.TO.

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