NBJP vs. IVLU
NBJP (Neuberger Berman Japan Equity ETF) and IVLU (iShares MSCI Intl Value Factor ETF) are both exchange-traded funds - NBJP is a Japan Equities fund actively managed by Neuberger Berman, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value. NBJP is actively managed, while IVLU is passively managed. Over the past year, NBJP returned 35.11% vs 35.35% for IVLU. A 0.77 correlation means they provide meaningful diversification when combined. NBJP charges 0.50%/yr vs 0.30%/yr for IVLU.
Performance
NBJP vs. IVLU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NBJP achieves a 18.88% return, which is significantly higher than IVLU's 12.64% return.
NBJP
- 1D
- 0.32%
- 1M
- 7.23%
- YTD
- 18.88%
- 6M
- 21.26%
- 1Y
- 35.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVLU
- 1D
- -0.74%
- 1M
- 4.72%
- YTD
- 12.64%
- 6M
- 16.60%
- 1Y
- 35.35%
- 3Y*
- 24.56%
- 5Y*
- 14.01%
- 10Y*
- 10.97%
NBJP vs. IVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NBJP Neuberger Berman Japan Equity ETF | 18.88% | 30.41% | -3.34% |
IVLU iShares MSCI Intl Value Factor ETF | 12.64% | 46.09% | -3.53% |
Correlation
The correlation between NBJP and IVLU is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.77 |
The correlation between NBJP and IVLU has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NBJP vs. IVLU — Risk / Return Rank
NBJP
IVLU
NBJP vs. IVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Japan Equity ETF (NBJP) and iShares MSCI Intl Value Factor ETF (IVLU). 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 | IVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.04 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.84 | 11.57 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NBJP | IVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.36 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.48 | +0.89 |
Drawdowns
NBJP vs. IVLU - Drawdown Comparison
The maximum NBJP drawdown since its inception was -14.34%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for NBJP and IVLU.
Loading charts...
Drawdown Indicators
| NBJP | IVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -41.85% | +27.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -11.69% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.85% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.81% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -8.59% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.06% | +0.92% |
Volatility
NBJP vs. IVLU - Volatility Comparison
Neuberger Berman Japan Equity ETF (NBJP) has a higher volatility of 5.49% compared to iShares MSCI Intl Value Factor ETF (IVLU) at 4.63%. This indicates that NBJP's price experiences larger fluctuations and is considered to be riskier than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NBJP | IVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.63% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 12.20% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.76% | 15.09% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 16.48% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 17.66% | +1.89% |
NBJP vs. IVLU - Expense Ratio Comparison
NBJP has a 0.50% expense ratio, which is higher than IVLU's 0.30% expense ratio.
Dividends
NBJP vs. IVLU - Dividend Comparison
NBJP's dividend yield for the trailing twelve months is around 1.92%, less than IVLU's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI Intl Value Factor ETF | 3.29% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
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 IVLU have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBJP has higher volatility (5.49%) compared to IVLU (4.63%). In terms of maximum drawdown, NBJP dropped -14.34% vs IVLU's -41.85%.
On 1-year performance, IVLU leads with 35.35% vs 35.11% for NBJP. On fees, IVLU is cheaper at 0.30% per year. On volatility, IVLU has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVLU has performed better with a 35.35% return vs 35.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVLU is cheaper with a 0.30% expense ratio, compared with 0.50% for NBJP.
IVLU has the higher dividend yield at 3.29%, compared with 1.92% for NBJP.
NBJP is categorized as Japan Equities, while IVLU is Foreign Large Cap Equities. They also come from different issuers: Neuberger Berman and iShares. Their fees differ too: 0.50% for NBJP and 0.30% for IVLU.
IVLU currently has the higher Sharpe Ratio (2.36 vs 1.79), 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.
Find the right allocation for NBJP and IVLU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer