JOF vs. HJPSX
Compare and contrast key facts about Japan Smaller Capitalization Fund (JOF) and Hennessy Japan Small Cap Fund (HJPSX).
JOF is managed by Japan Smaller Capitalization Fund. It was launched on Mar 21, 1990. HJPSX is managed by Hennessy. It was launched on Aug 30, 2007.
Performance
JOF vs. HJPSX - Performance Comparison
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JOF vs. HJPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JOF Japan Smaller Capitalization Fund | 0.73% | 52.12% | 5.28% | 21.40% | -17.07% | -6.15% | 4.76% | 16.62% | -15.66% | 40.78% |
HJPSX Hennessy Japan Small Cap Fund | 0.77% | 29.02% | 8.24% | 16.30% | -16.35% | -4.64% | 13.43% | 19.97% | -12.56% | 49.60% |
Returns By Period
In the year-to-date period, JOF achieves a 0.73% return, which is significantly lower than HJPSX's 0.77% return. Both investments have delivered pretty close results over the past 10 years, with JOF having a 9.61% annualized return and HJPSX not far ahead at 9.90%.
JOF
- 1D
- 2.35%
- 1M
- -11.15%
- YTD
- 0.73%
- 6M
- 8.65%
- 1Y
- 40.08%
- 3Y*
- 22.46%
- 5Y*
- 8.09%
- 10Y*
- 9.61%
HJPSX
- 1D
- -0.76%
- 1M
- -14.77%
- YTD
- 0.77%
- 6M
- 1.04%
- 1Y
- 26.62%
- 3Y*
- 14.81%
- 5Y*
- 5.37%
- 10Y*
- 9.90%
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JOF vs. HJPSX - Expense Ratio Comparison
JOF has a 0.02% expense ratio, which is lower than HJPSX's 1.57% expense ratio.
Return for Risk
JOF vs. HJPSX — Risk / Return Rank
JOF
HJPSX
JOF vs. HJPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Japan Smaller Capitalization Fund (JOF) and Hennessy Japan Small Cap Fund (HJPSX). 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.
| JOF | HJPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.44 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.59 | 1.94 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.67 | +0.67 |
Martin ratioReturn relative to average drawdown | 8.77 | 6.17 | +2.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JOF | HJPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.44 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.32 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.56 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.48 | -0.38 |
Correlation
The correlation between JOF and HJPSX is 0.57, 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.
Dividends
JOF vs. HJPSX - Dividend Comparison
JOF's dividend yield for the trailing twelve months is around 7.32%, less than HJPSX's 13.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOF Japan Smaller Capitalization Fund | 7.32% | 4.80% | 4.07% | 3.50% | 0.71% | 7.70% | 3.81% | 8.30% | 20.55% | 15.89% | 9.63% | 8.58% |
HJPSX Hennessy Japan Small Cap Fund | 13.14% | 13.25% | 3.64% | 0.85% | 0.61% | 0.43% | 0.23% | 1.30% | 3.46% | 2.09% | 2.03% | 3.34% |
Drawdowns
JOF vs. HJPSX - Drawdown Comparison
The maximum JOF drawdown since its inception was -74.98%, which is greater than HJPSX's maximum drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for JOF and HJPSX.
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Drawdown Indicators
| JOF | HJPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.98% | -47.91% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -17.21% | -14.77% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -37.03% | -33.24% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -34.80% | -7.57% |
Current DrawdownCurrent decline from peak | -13.73% | -14.77% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -32.83% | -10.10% | -22.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 3.99% | +0.60% |
Volatility
JOF vs. HJPSX - Volatility Comparison
Japan Smaller Capitalization Fund (JOF) has a higher volatility of 9.54% compared to Hennessy Japan Small Cap Fund (HJPSX) at 6.97%. This indicates that JOF's price experiences larger fluctuations and is considered to be riskier than HJPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JOF | HJPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 6.97% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 13.24% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.02% | 18.01% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 17.07% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.65% | -0.16% |