JPXN vs. HJPNX
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and Hennessy Japan Fund (HJPNX).
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. HJPNX is managed by Hennessy. It was launched on Oct 30, 2003.
Performance
JPXN vs. HJPNX - Performance Comparison
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JPXN vs. HJPNX - 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% |
HJPNX Hennessy Japan Fund | 2.38% | 14.58% | 18.72% | 22.90% | -30.65% | -3.08% | 25.52% | 18.04% | -6.57% | 32.04% |
Returns By Period
In the year-to-date period, JPXN achieves a 8.03% return, which is significantly higher than HJPNX's 2.38% return. Both investments have delivered pretty close results over the past 10 years, with JPXN having a 8.96% annualized return and HJPNX not far ahead at 9.01%.
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%
HJPNX
- 1D
- 4.00%
- 1M
- -3.85%
- YTD
- 2.38%
- 6M
- 4.49%
- 1Y
- 20.75%
- 3Y*
- 16.90%
- 5Y*
- 3.66%
- 10Y*
- 9.01%
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JPXN vs. HJPNX - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than HJPNX's 1.44% expense ratio.
Return for Risk
JPXN vs. HJPNX — Risk / Return Rank
JPXN
HJPNX
JPXN vs. HJPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and Hennessy Japan Fund (HJPNX). 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 | HJPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.81 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.26 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.31 | +1.14 |
Martin ratioReturn relative to average drawdown | 9.35 | 4.46 | +4.90 |
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 | HJPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.81 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.18 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.48 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.41 | -0.16 |
Correlation
The correlation between JPXN and HJPNX is 0.76, 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. HJPNX - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.91%, less than HJPNX's 12.53% 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% |
HJPNX Hennessy Japan Fund | 12.53% | 12.83% | 5.80% | 5.87% | 0.00% | 0.89% | 0.00% | 0.13% | 0.04% | 0.02% | 0.00% | 0.00% |
Drawdowns
JPXN vs. HJPNX - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, smaller than the maximum HJPNX drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for JPXN and HJPNX.
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Drawdown Indicators
| JPXN | HJPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -59.65% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -14.18% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -44.72% | +11.51% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -44.72% | +11.51% |
Current DrawdownCurrent decline from peak | -7.51% | -8.36% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -15.67% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 4.17% | -0.74% |
Volatility
JPXN vs. HJPNX - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 8.66%, while Hennessy Japan Fund (HJPNX) has a volatility of 11.22%. This indicates that JPXN experiences smaller price fluctuations and is considered to be less risky than HJPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPXN | HJPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 11.22% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 18.09% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 24.95% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 20.91% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.79% | -1.72% |