JPXN vs. VEA
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and Vanguard FTSE Developed Markets ETF (VEA).
JPXN and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both JPXN and VEA 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 VEA.
Key characteristics
| JPXN | VEA | |
|---|---|---|
| YTD Return | 6.73% | 3.12% |
| 1Y Return | 18.91% | 10.76% |
| 3Y Return (Ann) | 2.11% | 1.85% |
| 5Y Return (Ann) | 5.99% | 6.32% |
| 10Y Return (Ann) | 6.12% | 4.66% |
| Sharpe Ratio | 1.36 | 0.86 |
| Daily Std Dev | 14.52% | 12.79% |
| Max Drawdown | -54.97% | -60.70% |
| Current Drawdown | -3.86% | -2.31% |
Correlation
The correlation between JPXN and VEA is 0.78, 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. VEA - Performance Comparison
In the year-to-date period, JPXN achieves a 6.73% return, which is significantly higher than VEA's 3.12% return. Over the past 10 years, JPXN has outperformed VEA with an annualized return of 6.12%, while VEA has yielded a comparatively lower 4.66% 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. VEA - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is higher than VEA's 0.05% expense ratio.
Risk-Adjusted Performance
JPXN vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and Vanguard FTSE Developed Markets ETF (VEA). 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. VEA - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.41%, less than VEA's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.41% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% | 1.18% |
VEA Vanguard FTSE Developed Markets ETF | 3.34% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
JPXN vs. VEA - Drawdown Comparison
The maximum JPXN drawdown since its inception was -54.97%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for JPXN and VEA. For additional features, visit the drawdowns tool.
Volatility
JPXN vs. VEA - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) has a higher volatility of 4.58% compared to Vanguard FTSE Developed Markets ETF (VEA) at 3.98%. This indicates that JPXN's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.