NBJP vs. CJP.NEO
NBJP (Neuberger Berman Japan Equity ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both Japan Equities funds. NBJP is actively managed, while CJP.NEO is passively managed. Over the past year, NBJP returned 35.70% vs 50.67% for CJP.NEO. A 0.69 correlation means they provide meaningful diversification when combined. NBJP charges 0.50%/yr vs 0.71%/yr for CJP.NEO.
Performance
NBJP vs. CJP.NEO - Performance Comparison
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Different Trading Currencies
NBJP is traded in USD, while CJP.NEO is traded in CAD. To make them comparable, the CJP.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NBJP achieves a 19.10% return, which is significantly higher than CJP.NEO's 17.77% return.
NBJP
- 1D
- 0.19%
- 1M
- 6.21%
- YTD
- 19.10%
- 6M
- 20.98%
- 1Y
- 35.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CJP.NEO
- 1D
- -0.08%
- 1M
- 5.68%
- YTD
- 17.77%
- 6M
- 22.46%
- 1Y
- 50.67%
- 3Y*
- 28.99%
- 5Y*
- 19.50%
- 10Y*
- 14.93%
NBJP vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NBJP Neuberger Berman Japan Equity ETF | 19.10% | 30.41% | -3.34% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 17.77% | 36.93% | 3.62% |
Correlation
The correlation between NBJP and CJP.NEO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.69 |
The correlation between NBJP and CJP.NEO has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
NBJP vs. CJP.NEO — Risk / Return Rank
NBJP
CJP.NEO
NBJP vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Japan Equity ETF (NBJP) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). 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.
| NBJP | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 4.24 | -1.74 |
| Martin ratioReturn relative to average drawdown | 8.99 | 16.10 | -7.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NBJP | CJP.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.75 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.36 | +1.01 |
Drawdowns
NBJP vs. CJP.NEO - Drawdown Comparison
The maximum NBJP drawdown since its inception was -14.34%, smaller than the maximum CJP.NEO drawdown of -45.01%. Use the drawdown chart below to compare losses from any high point for NBJP and CJP.NEO.
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Drawdown Indicators
| NBJP | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -45.01% | +30.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -12.00% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.01% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.08% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -13.36% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.16% | +0.82% |
Volatility
NBJP vs. CJP.NEO - Volatility Comparison
Neuberger Berman Japan Equity ETF (NBJP) has a higher volatility of 5.43% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 3.13%. This indicates that NBJP's price experiences larger fluctuations and is considered to be riskier than CJP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBJP | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 3.13% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 13.49% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 18.53% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 20.69% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 22.36% | -2.84% |
NBJP vs. CJP.NEO - Expense Ratio Comparison
NBJP has a 0.50% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
NBJP vs. CJP.NEO - Dividend Comparison
NBJP's dividend yield for the trailing twelve months is around 1.92%, more than CJP.NEO's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.24% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
NBJP Neuberger Berman Japan Equity ETF | 1.92% | 2.29% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NBJP and CJP.NEO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBJP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBJP is cheaper with a 0.50% expense ratio, compared with 0.71% for CJP.NEO.
They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.50% for NBJP and 0.71% for CJP.NEO.
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