MJSC vs. SCJ

Last updated Jun 7, 2026

MJSC (MUFG Japan Small Cap Active ETF) and SCJ (iShares MSCI Japan Small Cap ETF) are both Japan Equities funds. MJSC is actively managed, while SCJ is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. MJSC charges 0.85%/yr vs 0.49%/yr for SCJ.

Performance

MJSC vs. SCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MUFG Japan Small Cap Active ETF (MJSC) and iShares MSCI Japan Small Cap ETF (SCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MJSC achieves a 20.72% return, which is significantly higher than SCJ's 12.53% return.

MJSC

• 1D: -2.64%
• 1M: 1.37%
• YTD: 20.72%
• 6M: 20.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCJ

• 1D: -2.05%
• 1M: -0.15%
• YTD: 12.53%
• 6M: 13.64%
• 1Y: 28.00%
• 3Y*: 16.77%
• 5Y*: 7.02%
• 10Y*: 7.24%

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

MJSC vs. SCJ - Yearly Performance Comparison

	2026 (YTD)	2025
MJSC MUFG Japan Small Cap Active ETF	20.72%	0.40%
SCJ iShares MSCI Japan Small Cap ETF	12.53%	0.53%

Correlation

The correlation between MJSC and SCJ is 0.93, 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 18, 2025	0.93

Return for Risk

MJSC vs. SCJ — Risk / Return Rank

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

SCJ

SCJ Risk / Return Rank: 52
SCJ Sharpe Ratio Rank: 54
SCJ Sortino Ratio Rank: 55
SCJ Omega Ratio Rank: 53
SCJ Calmar Ratio Rank: 50
SCJ Martin Ratio Rank: 49

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.

MJSC vs. SCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MUFG Japan Small Cap Active ETF (MJSC) and iShares MSCI Japan Small Cap ETF (SCJ). 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

	MJSC	SCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.30	+1.22

Drawdowns

MJSC vs. SCJ - Drawdown Comparison

The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum SCJ drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for MJSC and SCJ.

Drawdown Indicators

	MJSC	SCJ	Difference
Max Drawdown Largest peak-to-trough decline	-12.63%	-43.52%	+30.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.87%	—
Current Drawdown Current decline from peak	-4.13%	-3.38%	-0.75%
Average Drawdown Average peak-to-trough decline	-2.95%	-10.38%	+7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.60%	—

Volatility

Volatility by Period

	MJSC	SCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.42%	16.22%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	15.82%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	16.30%	+4.12%

MJSC vs. SCJ - Expense Ratio Comparison

MJSC has a 0.85% expense ratio, which is higher than SCJ's 0.49% expense ratio.

Dividends

MJSC vs. SCJ - Dividend Comparison

MJSC's dividend yield for the trailing twelve months is around 0.54%, less than SCJ's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCJ iShares MSCI Japan Small Cap ETF	2.79%	3.14%	1.79%	1.99%	1.18%	1.87%	0.89%	1.85%	1.44%	1.45%	2.73%	1.53%

Frequently Asked Questions

Can I hold both MJSC and SCJ in my portfolio?

With a correlation of 0.93, MJSC and SCJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MJSC or SCJ?

On fees, SCJ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MJSC or SCJ?

SCJ is cheaper with a 0.49% expense ratio, compared with 0.85% for MJSC.

Which ETF pays a higher dividend yield, MJSC or SCJ?

SCJ has the higher dividend yield at 2.79%, compared with 0.54% for MJSC.

What is the main difference between MJSC and SCJ?

They also come from different issuers: MUFG and iShares. Their fees differ too: 0.85% for MJSC and 0.49% for SCJ.