JPXN vs. PEP
JPXN (iShares JPX-Nikkei 400 ETF) is Japan Equities fund tracking the JPX-Nikkei Index 400, while PEP (PepsiCo, Inc.) is a stock. Over the past 10 years, JPXN returned 9.18%/yr vs 6.45%/yr for PEP. At a 0.29 correlation, their price movements are largely independent.
Performance
JPXN vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, JPXN achieves a 15.72% return, which is significantly higher than PEP's 0.20% return. Over the past 10 years, JPXN has outperformed PEP with an annualized return of 9.18%, while PEP has yielded a comparatively lower 6.45% annualized return.
JPXN
- 1D
- 0.13%
- 1M
- 5.12%
- YTD
- 15.72%
- 6M
- 17.28%
- 1Y
- 30.49%
- 3Y*
- 17.85%
- 5Y*
- 8.70%
- 10Y*
- 9.18%
PEP
- 1D
- 0.38%
- 1M
- -7.79%
- YTD
- 0.20%
- 6M
- -1.92%
- 1Y
- 12.44%
- 3Y*
- -5.24%
- 5Y*
- 2.25%
- 10Y*
- 6.45%
JPXN vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 15.72% | 26.03% | 6.48% | 19.69% | -16.29% | 0.16% | 15.12% | 19.40% | -14.87% | 24.41% |
PEP PepsiCo, Inc. | 0.20% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between JPXN and PEP is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2001 | 0.29 |
The correlation between JPXN and PEP shifts across timeframes, from 0.10 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPXN vs. PEP — Risk / Return Rank
JPXN
PEP
JPXN vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.12 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.77 | +1.57 |
| Martin ratioReturn relative to average drawdown | 8.14 | 2.12 | +6.01 |
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 | PEP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.58 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.12 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.33 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.11 |
Drawdowns
JPXN vs. PEP - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for JPXN and PEP.
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Drawdown Indicators
| JPXN | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -73.92% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -16.25% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.95% | -29.17% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -30.32% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -30.32% | -2.89% |
Current DrawdownCurrent decline from peak | -0.93% | -19.58% | +18.65% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -13.64% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 5.87% | -2.11% |
Volatility
JPXN vs. PEP - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 4.31%, while PepsiCo, Inc. (PEP) has a volatility of 6.35%. This indicates that JPXN experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPXN | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 6.35% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 14.90% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 21.71% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 18.38% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 19.66% | -2.60% |
Dividends
JPXN vs. PEP - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.72%, less than PEP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.72% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
PEP PepsiCo, Inc. | 3.99% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Frequently Asked Questions
JPXN and PEP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEP has higher volatility (6.35%) compared to JPXN (4.31%). In terms of maximum drawdown, JPXN dropped -55.54% vs PEP's -73.92%.
JPXN currently has the higher Sharpe Ratio (1.63 vs 0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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