MJSC vs. JPXN
MJSC (MUFG Japan Small Cap Active ETF) and JPXN (iShares JPX-Nikkei 400 ETF) are both Japan Equities funds. MJSC is actively managed, while JPXN is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. MJSC charges 0.85%/yr vs 0.48%/yr for JPXN.
Performance
MJSC vs. JPXN - Performance Comparison
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Returns By Period
In the year-to-date period, MJSC achieves a 22.41% return, which is significantly higher than JPXN's 16.01% return.
MJSC
- 1D
- 1.18%
- 1M
- 0.00%
- YTD
- 22.41%
- 6M
- 20.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPXN
- 1D
- 1.70%
- 1M
- 1.83%
- YTD
- 16.01%
- 6M
- 14.23%
- 1Y
- 31.70%
- 3Y*
- 17.00%
- 5Y*
- 8.78%
- 10Y*
- 9.42%
MJSC vs. JPXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MJSC MUFG Japan Small Cap Active ETF | 22.41% | -0.05% |
JPXN iShares JPX-Nikkei 400 ETF | 16.01% | 2.20% |
Correlation
The correlation between MJSC and JPXN is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.88 |
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Return for Risk
MJSC vs. JPXN — Risk / Return Rank
MJSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JPXN
MJSC vs. JPXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUFG Japan Small Cap Active ETF (MJSC) and iShares JPX-Nikkei 400 ETF (JPXN). 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.
| MJSC | JPXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.43 | — |
| Martin ratioReturn relative to average drawdown | — | 8.37 | — |
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Drawdowns
MJSC vs. JPXN - Drawdown Comparison
The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum JPXN drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for MJSC and JPXN.
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Drawdown Indicators
| MJSC | JPXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -55.54% | +42.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.21% | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.68% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -15.04% | +12.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.80% | — |
Volatility
MJSC vs. JPXN - Volatility Comparison
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Volatility by Period
| MJSC | JPXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 19.41% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 17.83% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 17.07% | +3.56% |
MJSC vs. JPXN - Expense Ratio Comparison
MJSC has a 0.85% expense ratio, which is higher than JPXN's 0.48% expense ratio.
Dividends
MJSC vs. JPXN - Dividend Comparison
MJSC's dividend yield for the trailing twelve months is around 0.54%, less than JPXN's 3.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 3.37% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
MJSC MUFG Japan Small Cap Active ETF | 0.54% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MJSC and JPXN have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPXN is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPXN is cheaper with a 0.48% expense ratio, compared with 0.85% for MJSC.
JPXN has the higher dividend yield at 3.37%, compared with 0.54% for MJSC.
They also come from different issuers: MUFG and iShares. Their fees differ too: 0.85% for MJSC and 0.48% for JPXN.
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