SCJ vs. JPXN
Compare and contrast key facts about iShares MSCI Japan Small Cap ETF (SCJ) and iShares JPX-Nikkei 400 ETF (JPXN).
SCJ and JPXN 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. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. Both SCJ and JPXN 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 JPXN.
Key characteristics
| SCJ | JPXN | |
|---|---|---|
| YTD Return | 4.69% | 9.29% |
| 1Y Return | 15.00% | 19.32% |
| 3Y Return (Ann) | -0.73% | 2.02% |
| 5Y Return (Ann) | 1.70% | 4.84% |
| 10Y Return (Ann) | 5.64% | 5.83% |
| Sharpe Ratio | 1.01 | 1.16 |
| Sortino Ratio | 1.46 | 1.61 |
| Omega Ratio | 1.18 | 1.21 |
| Calmar Ratio | 0.72 | 1.18 |
| Martin Ratio | 4.30 | 5.70 |
| Ulcer Index | 3.59% | 3.47% |
| Daily Std Dev | 15.23% | 17.10% |
| Max Drawdown | -43.52% | -54.97% |
| Current Drawdown | -9.69% | -5.32% |
Correlation
The correlation between SCJ and JPXN is 0.83, 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. JPXN - Performance Comparison
In the year-to-date period, SCJ achieves a 4.69% return, which is significantly lower than JPXN's 9.29% return. Both investments have delivered pretty close results over the past 10 years, with SCJ having a 5.64% annualized return and JPXN not far ahead at 5.83%. 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. JPXN - Expense Ratio Comparison
SCJ has a 0.49% expense ratio, which is higher than JPXN's 0.48% expense ratio.
Risk-Adjusted Performance
SCJ vs. JPXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) and iShares JPX-Nikkei 400 ETF (JPXN). 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. JPXN - Dividend Comparison
SCJ's dividend yield for the trailing twelve months is around 2.21%, less than JPXN's 2.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCJ iShares MSCI Japan Small Cap ETF | 2.21% | 1.99% | 1.18% | 1.87% | 0.89% | 4.46% | 1.44% | 1.45% | 2.73% | 1.53% | 2.31% | 1.85% |
JPXN iShares JPX-Nikkei 400 ETF | 2.55% | 2.58% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% | 1.18% |
Drawdowns
SCJ vs. JPXN - Drawdown Comparison
The maximum SCJ drawdown since its inception was -43.52%, smaller than the maximum JPXN drawdown of -54.97%. Use the drawdown chart below to compare losses from any high point for SCJ and JPXN. For additional features, visit the drawdowns tool.
Volatility
SCJ vs. JPXN - Volatility Comparison
iShares MSCI Japan Small Cap ETF (SCJ) and iShares JPX-Nikkei 400 ETF (JPXN) have volatilities of 4.44% and 4.58%, 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.