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SCJ vs. ^N225
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between SCJ and ^N225 is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

SCJ vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Japan Small Cap ETF (SCJ) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
3.19%
1.91%
SCJ
^N225

Key characteristics

Sharpe Ratio

SCJ:

0.37

^N225:

0.69

Sortino Ratio

SCJ:

0.61

^N225:

1.04

Omega Ratio

SCJ:

1.07

^N225:

1.17

Calmar Ratio

SCJ:

0.33

^N225:

0.69

Martin Ratio

SCJ:

1.36

^N225:

2.48

Ulcer Index

SCJ:

4.19%

^N225:

7.14%

Daily Std Dev

SCJ:

15.42%

^N225:

25.92%

Max Drawdown

SCJ:

-43.52%

^N225:

-81.87%

Current Drawdown

SCJ:

-12.34%

^N225:

-8.22%

Returns By Period

In the year-to-date period, SCJ achieves a 1.61% return, which is significantly lower than ^N225's 15.81% return. Over the past 10 years, SCJ has underperformed ^N225 with an annualized return of 5.27%, while ^N225 has yielded a comparatively higher 8.33% annualized return.


SCJ

YTD

1.61%

1M

-1.06%

6M

2.77%

1Y

5.41%

5Y*

0.79%

10Y*

5.27%

^N225

YTD

15.81%

1M

0.89%

6M

0.32%

1Y

15.08%

5Y*

10.48%

10Y*

8.33%

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Risk-Adjusted Performance

SCJ vs. ^N225 - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) and Nikkei 225 (^N225). 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.


Sharpe ratio
The chart of Sharpe ratio for SCJ, currently valued at 0.18, compared to the broader market0.002.004.000.180.16
The chart of Sortino ratio for SCJ, currently valued at 0.35, compared to the broader market-2.000.002.004.006.008.0010.000.350.41
The chart of Omega ratio for SCJ, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.06
The chart of Calmar ratio for SCJ, currently valued at 0.16, compared to the broader market0.005.0010.0015.000.160.18
The chart of Martin ratio for SCJ, currently valued at 0.63, compared to the broader market0.0020.0040.0060.0080.00100.000.630.66
SCJ
^N225

The current SCJ Sharpe Ratio is 0.37, which is lower than the ^N225 Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of SCJ and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.18
0.16
SCJ
^N225

Drawdowns

SCJ vs. ^N225 - Drawdown Comparison

The maximum SCJ drawdown since its inception was -43.52%, smaller than the maximum ^N225 drawdown of -81.87%. Use the drawdown chart below to compare losses from any high point for SCJ and ^N225. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%JulyAugustSeptemberOctoberNovemberDecember
-12.34%
-13.81%
SCJ
^N225

Volatility

SCJ vs. ^N225 - Volatility Comparison

The current volatility for iShares MSCI Japan Small Cap ETF (SCJ) is 4.20%, while Nikkei 225 (^N225) has a volatility of 5.65%. This indicates that SCJ experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
4.20%
5.65%
SCJ
^N225
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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