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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPXN or SCJ.
Key characteristics
| JPXN | SCJ | |
|---|---|---|
| YTD Return | 7.90% | 2.42% |
| 1Y Return | 20.06% | 9.80% |
| 3Y Return (Ann) | 2.88% | -1.37% |
| 5Y Return (Ann) | 6.21% | 2.72% |
| 10Y Return (Ann) | 6.32% | 5.67% |
| Sharpe Ratio | 1.39 | 0.76 |
| Daily Std Dev | 14.55% | 13.25% |
| Max Drawdown | -54.97% | -43.52% |
| Current Drawdown | -2.81% | -11.64% |
Correlation
The correlation between JPXN and SCJ is 0.83, 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.
Performance
JPXN vs. SCJ - Performance Comparison
In the year-to-date period, JPXN achieves a 7.90% return, which is significantly higher than SCJ's 2.42% return. Over the past 10 years, JPXN has outperformed SCJ with an annualized return of 6.32%, while SCJ has yielded a comparatively lower 5.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
JPXN vs. SCJ - 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 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.
Dividends
JPXN vs. SCJ - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.39%, more than SCJ's 1.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.39% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% | 1.18% |
SCJ iShares MSCI Japan Small Cap ETF | 1.94% | 1.99% | 1.18% | 1.87% | 0.89% | 4.46% | 1.44% | 1.45% | 2.73% | 1.53% | 2.31% | 1.85% |
Drawdowns
JPXN vs. SCJ - Drawdown Comparison
The maximum JPXN drawdown since its inception was -54.97%, 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. For additional features, visit the drawdowns tool.
Volatility
JPXN vs. SCJ - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) and iShares MSCI Japan Small Cap ETF (SCJ) have volatilities of 4.65% and 4.45%, 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.