JPXN vs. VXUS

Last updated Jun 25, 2026

JPXN (iShares JPX-Nikkei 400 ETF) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - JPXN is a Japan Equities fund tracking the JPX-Nikkei Index 400, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, JPXN returned 9.33%/yr vs 10.22%/yr for VXUS. A 0.75 correlation means they provide meaningful diversification when combined. JPXN charges 0.48%/yr vs 0.05%/yr for VXUS.

Performance

JPXN vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares JPX-Nikkei 400 ETF (JPXN) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPXN achieves a 14.58% return, which is significantly higher than VXUS's 12.42% return. Over the past 10 years, JPXN has underperformed VXUS with an annualized return of 9.33%, while VXUS has yielded a comparatively higher 10.22% annualized return.

JPXN

• 1D: -0.05%
• 1M: 0.59%
• YTD: 14.58%
• 6M: 14.15%
• 1Y: 30.40%
• 3Y*: 17.85%
• 5Y*: 8.74%
• 10Y*: 9.33%

VXUS

• 1D: -0.08%
• 1M: 0.31%
• YTD: 12.42%
• 6M: 12.16%
• 1Y: 27.37%
• 3Y*: 18.87%
• 5Y*: 8.23%
• 10Y*: 10.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPXN vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPXN iShares JPX-Nikkei 400 ETF	14.58%	26.03%	6.48%	19.69%	-16.29%	0.16%	15.12%	19.40%	-14.87%	24.41%
VXUS Vanguard Total International Stock ETF	12.42%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between JPXN and VXUS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.75

The correlation between JPXN and VXUS has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

JPXN vs. VXUS - Sectors Allocation Comparison

Sectors	JPXN	VXUS
Industrials	25.4%	15.6%
Technology	20.9%	21.0%
Financial Services	16.6%	21.7%
Consumer Cyclical	9.7%	8.2%
Communication Services	7.3%	4.4%
Healthcare	6.1%	6.8%
Basic Materials	4.3%	7.6%
Consumer Defensive	4.1%	4.8%
Real Estate	2.2%	2.4%
Utilities	1.4%	3.0%
Energy	1.1%	4.7%

Return for Risk

JPXN vs. VXUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPXN

JPXN Risk / Return Rank: 51
JPXN Sharpe Ratio Rank: 51
JPXN Sortino Ratio Rank: 50
JPXN Omega Ratio Rank: 51
JPXN Calmar Ratio Rank: 51
JPXN Martin Ratio Rank: 51

VXUS

VXUS Risk / Return Rank: 55
VXUS Sharpe Ratio Rank: 55
VXUS Sortino Ratio Rank: 53
VXUS Omega Ratio Rank: 56
VXUS Calmar Ratio Rank: 55
VXUS Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPXN vs. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and Vanguard Total International Stock ETF (VXUS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JPXN	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.69	-0.13
Sortino ratio: Return per unit of downside risk	2.22	2.32	-0.10
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	2.33	2.44	-0.11
Martin ratio: Return relative to average drawdown	8.01	9.35	-1.34

JPXN vs. VXUS - Sharpe Ratio Comparison

The current JPXN Sharpe Ratio is 1.56, which is comparable to the VXUS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of JPXN and VXUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPXN vs. VXUS - Drawdown Comparison

The maximum JPXN drawdown since its inception was -55.54%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for JPXN and VXUS.

Drawdown Indicators

	JPXN	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-55.54%	-35.97%	-19.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-11.27%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-13.95%	-13.58%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-33.21%	-29.44%	-3.77%
Max Drawdown (10Y) Largest decline over 10 years	-33.21%	-35.97%	+2.76%
Current Drawdown Current decline from peak	-3.63%	-3.12%	-0.51%
Average Drawdown Average peak-to-trough decline	-15.03%	-8.19%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	2.93%	+0.88%

Volatility

JPXN vs. VXUS - Volatility Comparison

iShares JPX-Nikkei 400 ETF (JPXN) and Vanguard Total International Stock ETF (VXUS) have volatilities of 6.89% and 7.07%, 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.

Volatility by Period

	JPXN	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	7.07%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	14.44%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	16.34%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	16.27%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	17.02%	+0.02%

JPXN vs. VXUS - Expense Ratio Comparison

JPXN has a 0.48% expense ratio, which is higher than VXUS's 0.05% expense ratio.

Dividends

JPXN vs. VXUS - Dividend Comparison

JPXN's dividend yield for the trailing twelve months is around 2.79%, more than VXUS's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPXN iShares JPX-Nikkei 400 ETF	2.79%	3.14%	2.29%	2.57%	1.47%	2.63%	1.27%	1.92%	1.60%	1.50%	2.07%	1.32%
VXUS Vanguard Total International Stock ETF	2.59%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both JPXN and VXUS in my portfolio?

JPXN and VXUS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPXN or VXUS?

VXUS has higher volatility (7.07%) compared to JPXN (6.89%). In terms of maximum drawdown, JPXN dropped -55.54% vs VXUS's -35.97%.

Which ETF is better, JPXN or VXUS?

On 10-year performance, VXUS leads with 10.22% vs 9.33% for JPXN. On fees, VXUS is cheaper at 0.05% per year. On volatility, JPXN has been the lower-risk option at 6.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPXN or VXUS?

Over the 10-year period, VXUS has performed better with a 10.22% return vs 9.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPXN or VXUS?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.48% for JPXN.

Which ETF pays a higher dividend yield, JPXN or VXUS?

JPXN has the higher dividend yield at 2.79%, compared with 2.59% for VXUS.

What is the main difference between JPXN and VXUS?

JPXN is categorized as Japan Equities, while VXUS is Global Equities. JPXN tracks JPX-Nikkei Index 400, while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.48% for JPXN and 0.05% for VXUS.

Which has better risk-adjusted returns?

VXUS currently has the higher Sharpe Ratio (1.69 vs 1.56), 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.