JPXN vs. SPYD
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
JPXN and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both JPXN and SPYD 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 SPYD.
Key characteristics
| JPXN | SPYD | |
|---|---|---|
| YTD Return | 7.90% | 3.04% |
| 1Y Return | 20.06% | 15.47% |
| 3Y Return (Ann) | 2.88% | 3.72% |
| 5Y Return (Ann) | 6.21% | 5.60% |
| Sharpe Ratio | 1.39 | 0.89 |
| Daily Std Dev | 14.55% | 15.76% |
| Max Drawdown | -54.97% | -46.42% |
| Current Drawdown | -2.81% | -3.57% |
Correlation
The correlation between JPXN and SPYD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JPXN vs. SPYD - Performance Comparison
In the year-to-date period, JPXN achieves a 7.90% return, which is significantly higher than SPYD's 3.04% 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. SPYD - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
JPXN vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.39%, less than SPYD's 4.53% 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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.53% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
JPXN vs. SPYD - Drawdown Comparison
The maximum JPXN drawdown since its inception was -54.97%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for JPXN and SPYD. For additional features, visit the drawdowns tool.
Volatility
JPXN vs. SPYD - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 4.65% and 4.59%, 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.