NBJP vs. GSJY

Last updated Jun 4, 2026

NBJP (Neuberger Berman Japan Equity ETF) and GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) are both Japan Equities funds. NBJP is actively managed, while GSJY is passively managed. Over the past year, NBJP returned 35.11% vs 29.76% for GSJY. Their correlation of 0.92 suggests significant overlap in exposure. NBJP charges 0.50%/yr vs 0.25%/yr for GSJY.

Performance

NBJP vs. GSJY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Japan Equity ETF (NBJP) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBJP achieves a 18.88% return, which is significantly higher than GSJY's 13.29% return.

NBJP

• 1D: 0.32%
• 1M: 7.23%
• YTD: 18.88%
• 6M: 21.26%
• 1Y: 35.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSJY

• 1D: 0.75%
• 1M: 4.99%
• YTD: 13.29%
• 6M: 15.13%
• 1Y: 29.76%
• 3Y*: 18.00%
• 5Y*: 8.80%
• 10Y*: 9.28%

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

NBJP vs. GSJY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBJP Neuberger Berman Japan Equity ETF	18.88%	30.41%	-3.34%
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	13.29%	26.22%	-2.18%

Correlation

The correlation between NBJP and GSJY is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024	0.92

The correlation between NBJP and GSJY has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

NBJP vs. GSJY — Risk / Return Rank

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

NBJP

NBJP Risk / Return Rank: 52
NBJP Sharpe Ratio Rank: 53
NBJP Sortino Ratio Rank: 53
NBJP Omega Ratio Rank: 53
NBJP Calmar Ratio Rank: 51
NBJP Martin Ratio Rank: 52

GSJY

GSJY Risk / Return Rank: 44
GSJY Sharpe Ratio Rank: 43
GSJY Sortino Ratio Rank: 44
GSJY Omega Ratio Rank: 45
GSJY Calmar Ratio Rank: 43
GSJY Martin Ratio Rank: 44

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.

NBJP vs. GSJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Japan Equity ETF (NBJP) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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	GSJY	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.54	+0.25
Sortino ratio: Return per unit of downside risk	2.55	2.24	+0.31
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.46	2.12	+0.34
Martin ratio: Return relative to average drawdown	8.84	7.09	+1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBJP vs. GSJY - Sharpe Ratio Comparison

The current NBJP Sharpe Ratio is 1.79, which is comparable to the GSJY Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of NBJP and GSJY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBJP	GSJY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.54	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.54	+0.82

Drawdowns

NBJP vs. GSJY - Drawdown Comparison

The maximum NBJP drawdown since its inception was -14.34%, smaller than the maximum GSJY drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for NBJP and GSJY.

Drawdown Indicators

	NBJP	GSJY	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-32.53%	+18.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	-14.08%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.53%	—
Current Drawdown Current decline from peak	-0.79%	-2.62%	+1.83%
Average Drawdown Average peak-to-trough decline	-3.22%	-7.58%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	4.21%	-0.23%

Volatility

NBJP vs. GSJY - Volatility Comparison

Neuberger Berman Japan Equity ETF (NBJP) has a higher volatility of 5.49% compared to Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) at 4.21%. This indicates that NBJP's price experiences larger fluctuations and is considered to be riskier than GSJY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBJP	GSJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	4.21%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	15.17%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	19.76%	19.48%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	18.07%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	17.04%	+2.51%

NBJP vs. GSJY - Expense Ratio Comparison

NBJP has a 0.50% expense ratio, which is higher than GSJY's 0.25% expense ratio.

Dividends

NBJP vs. GSJY - Dividend Comparison

NBJP's dividend yield for the trailing twelve months is around 1.92%, more than GSJY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.75%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%
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%

Frequently Asked Questions

Can I hold both NBJP and GSJY in my portfolio?

With a correlation of 0.90, NBJP and GSJY 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 is riskier, NBJP or GSJY?

NBJP has higher volatility (5.49%) compared to GSJY (4.21%). In terms of maximum drawdown, NBJP dropped -14.34% vs GSJY's -32.53%.

Which ETF is better, NBJP or GSJY?

On 1-year performance, NBJP leads with 35.11% vs 29.76% for GSJY. On fees, GSJY is cheaper at 0.25% per year. On volatility, GSJY has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBJP or GSJY?

Over the 1-year period, NBJP has performed better with a 35.11% return vs 29.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBJP or GSJY?

GSJY is cheaper with a 0.25% expense ratio, compared with 0.50% for NBJP.

Which ETF pays a higher dividend yield, NBJP or GSJY?

NBJP has the higher dividend yield at 1.92%, compared with 1.75% for GSJY.

What is the main difference between NBJP and GSJY?

They also come from different issuers: Neuberger Berman and Goldman Sachs. Their fees differ too: 0.50% for NBJP and 0.25% for GSJY.

Which has better risk-adjusted returns?

NBJP currently has the higher Sharpe Ratio (1.79 vs 1.54), 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.