SCJ vs. EWJ
Compare and contrast key facts about iShares MSCI Japan Small Cap ETF (SCJ) and iShares MSCI Japan ETF (EWJ).
SCJ and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Small Cap Index. It was launched on Dec 20, 2007. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both SCJ and EWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCJ or EWJ.
Key characteristics
| SCJ | EWJ | |
|---|---|---|
| YTD Return | 1.67% | 6.75% |
| 1Y Return | 9.30% | 19.24% |
| 3Y Return (Ann) | -1.84% | 1.91% |
| 5Y Return (Ann) | 2.57% | 5.93% |
| 10Y Return (Ann) | 5.56% | 6.04% |
| Sharpe Ratio | 0.78 | 1.35 |
| Daily Std Dev | 13.26% | 14.80% |
| Max Drawdown | -43.52% | -58.89% |
| Current Drawdown | -12.29% | -4.68% |
Correlation
The correlation between SCJ and EWJ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCJ vs. EWJ - Performance Comparison
In the year-to-date period, SCJ achieves a 1.67% return, which is significantly lower than EWJ's 6.75% return. Over the past 10 years, SCJ has underperformed EWJ with an annualized return of 5.56%, while EWJ has yielded a comparatively higher 6.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCJ vs. EWJ - Expense Ratio Comparison
Both SCJ and EWJ have an expense ratio of 0.49%.
Risk-Adjusted Performance
SCJ vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) and iShares MSCI Japan ETF (EWJ). 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.
Dividends
SCJ vs. EWJ - Dividend Comparison
SCJ's dividend yield for the trailing twelve months is around 1.96%, more than EWJ's 1.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCJ iShares MSCI Japan Small Cap ETF | 1.96% | 1.99% | 1.18% | 1.87% | 0.89% | 4.46% | 1.44% | 1.45% | 2.73% | 1.53% | 2.31% | 1.85% |
EWJ iShares MSCI Japan ETF | 1.91% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
SCJ vs. EWJ - Drawdown Comparison
The maximum SCJ drawdown since its inception was -43.52%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for SCJ and EWJ. For additional features, visit the drawdowns tool.
Volatility
SCJ vs. EWJ - Volatility Comparison
iShares MSCI Japan Small Cap ETF (SCJ) and iShares MSCI Japan ETF (EWJ) have volatilities of 4.39% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.