JPXN vs. FJP
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and First Trust Japan AlphaDEX Fund (FJP).
JPXN and FJP 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. FJP is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Japan Index. It was launched on Apr 18, 2011. Both JPXN and FJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JPXN vs. FJP - Performance Comparison
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JPXN vs. FJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 8.03% | 26.03% | 6.48% | 19.69% | -16.29% | 0.16% | 15.12% | 19.40% | -14.87% | 24.41% |
FJP First Trust Japan AlphaDEX Fund | 11.49% | 33.60% | 5.80% | 23.00% | -12.83% | -1.13% | 3.60% | 7.72% | -18.60% | 27.63% |
Returns By Period
In the year-to-date period, JPXN achieves a 8.03% return, which is significantly lower than FJP's 11.49% return. Over the past 10 years, JPXN has outperformed FJP with an annualized return of 8.96%, while FJP has yielded a comparatively lower 7.83% annualized return.
JPXN
- 1D
- 2.18%
- 1M
- -4.41%
- YTD
- 8.03%
- 6M
- 12.46%
- 1Y
- 32.64%
- 3Y*
- 17.31%
- 5Y*
- 7.27%
- 10Y*
- 8.96%
FJP
- 1D
- 3.00%
- 1M
- -7.04%
- YTD
- 11.49%
- 6M
- 17.65%
- 1Y
- 41.85%
- 3Y*
- 21.92%
- 5Y*
- 9.87%
- 10Y*
- 7.83%
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JPXN vs. FJP - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than FJP's 0.80% expense ratio.
Return for Risk
JPXN vs. FJP — Risk / Return Rank
JPXN
FJP
JPXN vs. FJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and First Trust Japan AlphaDEX Fund (FJP). 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.
| JPXN | FJP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.88 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.45 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.80 | -0.35 |
Martin ratioReturn relative to average drawdown | 9.35 | 10.48 | -1.13 |
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
| JPXN | FJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.88 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.50 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.42 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.32 | -0.06 |
Correlation
The correlation between JPXN and FJP is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JPXN vs. FJP - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.91%, more than FJP's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.91% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
FJP First Trust Japan AlphaDEX Fund | 2.56% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
Drawdowns
JPXN vs. FJP - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, which is greater than FJP's maximum drawdown of -41.51%. Use the drawdown chart below to compare losses from any high point for JPXN and FJP.
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Drawdown Indicators
| JPXN | FJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -41.51% | -14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -14.43% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -31.88% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -41.51% | +8.30% |
Current DrawdownCurrent decline from peak | -7.51% | -8.63% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -11.51% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.86% | -0.43% |
Volatility
JPXN vs. FJP - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) and First Trust Japan AlphaDEX Fund (FJP) have volatilities of 8.66% and 8.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPXN | FJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 8.60% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 14.69% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 22.39% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 20.03% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.77% | -1.70% |