JPXN vs. SCJ
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and iShares MSCI Japan Small Cap ETF (SCJ).
JPXN and SCJ 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. SCJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Small Cap Index. It was launched on Dec 20, 2007. Both JPXN and SCJ 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. SCJ - Performance Comparison
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JPXN vs. SCJ - 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% |
SCJ iShares MSCI Japan Small Cap ETF | 8.41% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -17.17% | 31.61% |
Returns By Period
The year-to-date returns for both investments are quite close, with JPXN having a 8.03% return and SCJ slightly higher at 8.41%. Over the past 10 years, JPXN has outperformed SCJ with an annualized return of 8.96%, while SCJ has yielded a comparatively lower 7.77% 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%
SCJ
- 1D
- 2.52%
- 1M
- -4.30%
- YTD
- 8.41%
- 6M
- 11.24%
- 1Y
- 34.45%
- 3Y*
- 16.10%
- 5Y*
- 6.09%
- 10Y*
- 7.77%
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JPXN vs. SCJ - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than SCJ's 0.49% expense ratio.
Return for Risk
JPXN vs. SCJ — Risk / Return Rank
JPXN
SCJ
JPXN vs. SCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and iShares MSCI Japan Small Cap ETF (SCJ). 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 | SCJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.98 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.73 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.79 | -0.34 |
Martin ratioReturn relative to average drawdown | 9.35 | 10.58 | -1.23 |
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 | SCJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.98 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.39 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.48 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.29 | -0.04 |
Correlation
The correlation between JPXN and SCJ is 0.84, 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. SCJ - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.91%, which matches SCJ's 2.90% 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% |
SCJ iShares MSCI Japan Small Cap ETF | 2.90% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Drawdowns
JPXN vs. SCJ - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, which is greater than SCJ's maximum drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for JPXN and SCJ.
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Drawdown Indicators
| JPXN | SCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -43.52% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -12.17% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -33.25% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -38.87% | +5.66% |
Current DrawdownCurrent decline from peak | -7.51% | -6.92% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -10.44% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.21% | +0.22% |
Volatility
JPXN vs. SCJ - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) has a higher volatility of 8.66% compared to iShares MSCI Japan Small Cap ETF (SCJ) at 7.15%. This indicates that JPXN's price experiences larger fluctuations and is considered to be riskier than SCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPXN | SCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 7.15% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 12.35% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 17.53% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 15.68% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 16.25% | +0.82% |