SCJ vs. JPY
SCJ (iShares MSCI Japan Small Cap ETF) and JPY (Lazard Japanese Equity ETF) are both Japan Equities funds. SCJ is passively managed, while JPY is actively managed. Over the past year, SCJ returned 30.15% vs 33.54% for JPY. Their correlation of 0.81 suggests significant overlap in exposure. SCJ charges 0.49%/yr vs 0.60%/yr for JPY.
Performance
SCJ vs. JPY - Performance Comparison
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Returns By Period
In the year-to-date period, SCJ achieves a 14.35% return, which is significantly lower than JPY's 16.84% return.
SCJ
- 1D
- 0.36%
- 1M
- 5.04%
- YTD
- 14.35%
- 6M
- 16.37%
- 1Y
- 30.15%
- 3Y*
- 17.70%
- 5Y*
- 7.36%
- 10Y*
- 7.55%
JPY
- 1D
- 0.51%
- 1M
- 7.65%
- YTD
- 16.84%
- 6M
- 18.09%
- 1Y
- 33.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCJ vs. JPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCJ iShares MSCI Japan Small Cap ETF | 14.35% | 36.29% |
JPY Lazard Japanese Equity ETF | 16.84% | 39.81% |
Correlation
The correlation between SCJ and JPY is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025 | 0.81 |
The correlation between SCJ and JPY has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.
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Return for Risk
SCJ vs. JPY — Risk / Return Rank
SCJ
JPY
SCJ vs. JPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) and Lazard Japanese Equity ETF (JPY). 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.
| SCJ | JPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.23 | +0.26 |
| Martin ratioReturn relative to average drawdown | 8.42 | 7.55 | +0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCJ | JPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.70 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 2.52 | -2.22 |
Drawdowns
SCJ vs. JPY - Drawdown Comparison
The maximum SCJ drawdown since its inception was -43.52%, which is greater than JPY's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for SCJ and JPY.
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Drawdown Indicators
| SCJ | JPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -15.13% | -28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -15.13% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | 0.00% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -2.58% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 4.45% | -0.86% |
Volatility
SCJ vs. JPY - Volatility Comparison
iShares MSCI Japan Small Cap ETF (SCJ) and Lazard Japanese Equity ETF (JPY) have volatilities of 4.03% and 3.90%, 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.
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Volatility by Period
| SCJ | JPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.90% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 14.91% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 19.81% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 21.10% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 21.10% | -4.81% |
SCJ vs. JPY - Expense Ratio Comparison
SCJ has a 0.49% expense ratio, which is lower than JPY's 0.60% expense ratio.
Dividends
SCJ vs. JPY - Dividend Comparison
SCJ's dividend yield for the trailing twelve months is around 2.75%, more than JPY's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPY Lazard Japanese Equity ETF | 2.04% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCJ iShares MSCI Japan Small Cap ETF | 2.75% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
SCJ and JPY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCJ has higher volatility (4.03%) compared to JPY (3.90%). In terms of maximum drawdown, SCJ dropped -43.52% vs JPY's -15.13%.
On 1-year performance, JPY leads with 33.54% vs 30.15% for SCJ. On fees, SCJ is cheaper at 0.49% per year. On volatility, JPY has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPY has performed better with a 33.54% return vs 30.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCJ is cheaper with a 0.49% expense ratio, compared with 0.60% for JPY.
SCJ has the higher dividend yield at 2.75%, compared with 2.04% for JPY.
They also come from different issuers: iShares and Lazard. Their fees differ too: 0.49% for SCJ and 0.60% for JPY.
SCJ currently has the higher Sharpe Ratio (1.88 vs 1.70), 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.
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