JPY vs. DBJP

Last updated Apr 2, 2026

Compare and contrast key facts about Lazard Japanese Equity ETF (JPY) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP).

JPY and DBJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPY is an actively managed fund by Lazard. It was launched on Apr 4, 2025. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011.

Performance

JPY vs. DBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Japanese Equity ETF (JPY) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). The values are adjusted to include any dividend payments, if applicable.

JPY vs. DBJP - Yearly Performance Comparison

	2026 (YTD)	2025
JPY Lazard Japanese Equity ETF	5.21%	39.81%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	9.63%	49.63%

Returns By Period

In the year-to-date period, JPY achieves a 5.21% return, which is significantly lower than DBJP's 9.63% return.

JPY

• 1D: 2.24%
• 1M: -4.30%
• YTD: 5.21%
• 6M: 8.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBJP

• 1D: 2.73%
• 1M: -2.62%
• YTD: 9.63%
• 6M: 22.76%
• 1Y: 45.69%
• 3Y*: 29.91%
• 5Y*: 19.11%
• 10Y*: 15.47%

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

JPY vs. DBJP - Expense Ratio Comparison

JPY has a 0.60% expense ratio, which is higher than DBJP's 0.46% expense ratio.

JPY

Lazard Japanese Equity ETF

DBJP

Xtrackers MSCI Japan Hedged Equity ETF

Return for Risk

JPY vs. DBJP — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 91
DBJP Sharpe Ratio Rank: 89
DBJP Sortino Ratio Rank: 90
DBJP Omega Ratio Rank: 89
DBJP Calmar Ratio Rank: 93
DBJP Martin Ratio Rank: 93

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.

JPY vs. DBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Japanese Equity ETF (JPY) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JPY	DBJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	0.65	+1.59

Correlation

The correlation between JPY and DBJP is 0.81, 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

JPY vs. DBJP - Dividend Comparison

JPY's dividend yield for the trailing twelve months is around 2.26%, less than DBJP's 2.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPY Lazard Japanese Equity ETF	2.26%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.57%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%

Drawdowns

JPY vs. DBJP - Drawdown Comparison

The maximum JPY drawdown since its inception was -15.13%, smaller than the maximum DBJP drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for JPY and DBJP.

Drawdown Indicators

	JPY	DBJP	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-31.30%	+16.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.30%	—
Current Drawdown Current decline from peak	-9.26%	-4.71%	-4.55%
Average Drawdown Average peak-to-trough decline	-2.22%	-7.35%	+5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.16%	—

Volatility

Volatility by Period

	JPY	DBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	23.64%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	18.88%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	19.78%	+1.72%