JPXN vs. EWJ
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and iShares MSCI Japan ETF (EWJ).
JPXN and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both JPXN and EWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPXN or EWJ.
Correlation
The correlation between JPXN and EWJ is 0.61, 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.
Performance
JPXN vs. EWJ - Performance Comparison
Key characteristics
JPXN:
0.39
EWJ:
0.33
JPXN:
0.68
EWJ:
0.60
JPXN:
1.09
EWJ:
1.08
JPXN:
0.58
EWJ:
0.48
JPXN:
1.57
EWJ:
1.44
JPXN:
5.11%
EWJ:
4.89%
JPXN:
20.46%
EWJ:
21.46%
JPXN:
-54.98%
EWJ:
-58.89%
JPXN:
-2.28%
EWJ:
-2.21%
Returns By Period
In the year-to-date period, JPXN achieves a 5.92% return, which is significantly higher than EWJ's 4.74% return. Both investments have delivered pretty close results over the past 10 years, with JPXN having a 4.69% annualized return and EWJ not far behind at 4.60%.
JPXN
5.92%
-1.32%
6.34%
7.37%
8.72%
4.69%
EWJ
4.74%
-1.95%
6.19%
6.35%
8.59%
4.60%
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JPXN vs. EWJ - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than EWJ's 0.49% expense ratio.
Risk-Adjusted Performance
JPXN vs. EWJ — Risk-Adjusted Performance Rank
JPXN
EWJ
JPXN vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and iShares MSCI Japan ETF (EWJ). 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.
Dividends
JPXN vs. EWJ - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.16%, less than EWJ's 2.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.16% | 2.29% | 2.58% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% |
EWJ iShares MSCI Japan ETF | 2.24% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% |
Drawdowns
JPXN vs. EWJ - Drawdown Comparison
The maximum JPXN drawdown since its inception was -54.98%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for JPXN and EWJ. For additional features, visit the drawdowns tool.
Volatility
JPXN vs. EWJ - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 11.35%, while iShares MSCI Japan ETF (EWJ) has a volatility of 12.40%. This indicates that JPXN experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.