NBJP vs. MJSC

Last updated Jun 23, 2026

NBJP (Neuberger Berman Japan Equity ETF) and MJSC (MUFG Japan Small Cap Active ETF) are both Japan Equities funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. NBJP charges 0.50%/yr vs 0.85%/yr for MJSC.

Performance

NBJP vs. MJSC - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with NBJP having a 26.08% return and MJSC slightly higher at 26.43%.

NBJP

• 1D: 0.90%
• 1M: 8.26%
• YTD: 26.08%
• 6M: 26.20%
• 1Y: 46.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MJSC

• 1D: 1.00%
• 1M: 3.03%
• YTD: 26.43%
• 6M: 27.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBJP vs. MJSC - Yearly Performance Comparison

	2026 (YTD)	2025
NBJP Neuberger Berman Japan Equity ETF	26.08%	4.00%
MJSC MUFG Japan Small Cap Active ETF	26.43%	-0.05%

Correlation

The correlation between NBJP and MJSC is 0.89, 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	0.89

Return for Risk

NBJP vs. MJSC — Risk / Return Rank

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

NBJP

NBJP Risk / Return Rank: 69
NBJP Sharpe Ratio Rank: 73
NBJP Sortino Ratio Rank: 71
NBJP Omega Ratio Rank: 70
NBJP Calmar Ratio Rank: 67
NBJP Martin Ratio Rank: 65

MJSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MJSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Japan Equity ETF (NBJP) and MUFG Japan Small Cap Active ETF (MJSC). 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.

	NBJP	MJSC	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.24	—	—
Martin ratio: Return relative to average drawdown	11.54	—	—

Drawdowns

NBJP vs. MJSC - Drawdown Comparison

The maximum NBJP drawdown since its inception was -14.34%, which is greater than MJSC's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for NBJP and MJSC.

Drawdown Indicators

	NBJP	MJSC	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-12.63%	-1.71%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.18%	-2.94%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	—	—

Volatility

Volatility by Period

	NBJP	MJSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.58%	20.49%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	20.49%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	20.49%	-0.63%

NBJP vs. MJSC - Expense Ratio Comparison

NBJP has a 0.50% expense ratio, which is lower than MJSC's 0.85% expense ratio.

Dividends

NBJP vs. MJSC - Dividend Comparison

NBJP's dividend yield for the trailing twelve months is around 1.81%, more than MJSC's 0.52% yield.

Position	TTM	2025	2024
MJSC MUFG Japan Small Cap Active ETF	0.52%	0.66%	0.00%
NBJP Neuberger Berman Japan Equity ETF	1.81%	2.29%	0.75%

Frequently Asked Questions

Can I hold both NBJP and MJSC in my portfolio?

NBJP and MJSC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBJP or MJSC?

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.

Which ETF is cheaper, NBJP or MJSC?

NBJP is cheaper with a 0.50% expense ratio, compared with 0.85% for MJSC.

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

NBJP has the higher dividend yield at 1.81%, compared with 0.52% for MJSC.

What is the main difference between NBJP and MJSC?

They also come from different issuers: Neuberger Berman and MUFG. Their fees differ too: 0.50% for NBJP and 0.85% for MJSC.