VA.TO vs. CJP.NEO
VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index, while CJP.NEO is a Japan Equities fund tracking the FTSE RAFI Japan Canadian Dollar Hedged Index. Both are passively managed. Over the past 10 years, VA.TO returned 11.43%/yr vs 17.24%/yr for CJP.NEO. A 0.65 correlation means they provide meaningful diversification when combined. VA.TO charges 0.22%/yr vs 0.71%/yr for CJP.NEO.
Performance
VA.TO vs. CJP.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, VA.TO achieves a 32.28% return, which is significantly higher than CJP.NEO's 21.65% return. Over the past 10 years, VA.TO has underperformed CJP.NEO with an annualized return of 11.43%, while CJP.NEO has yielded a comparatively higher 17.24% annualized return.
VA.TO
- 1D
- 2.86%
- 1M
- 0.18%
- 6M
- 30.57%
- YTD
- 32.28%
- 1Y
- 51.98%
- 3Y*
- 24.75%
- 5Y*
- 13.29%
- 10Y*
- 11.43%
CJP.NEO
- 1D
- 2.10%
- 1M
- 1.98%
- 6M
- 20.76%
- YTD
- 21.65%
- 1Y
- 51.49%
- 3Y*
- 28.99%
- 5Y*
- 23.76%
- 10Y*
- 17.24%
VA.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 32.28% | 26.08% | 10.31% | 12.16% | -9.26% | 0.89% | 13.72% | 11.68% | -7.50% | 21.44% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 21.65% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
Correlation
The correlation between VA.TO and CJP.NEO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2014 | 0.65 |
The correlation between VA.TO and CJP.NEO has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
VA.TO vs. CJP.NEO — Risk / Return Rank
VA.TO
CJP.NEO
VA.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO). 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.
| VA.TO | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.51 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 4.73 | -0.41 |
| Martin ratioReturn relative to average drawdown | 15.82 | 17.45 | -1.64 |
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Drawdowns
VA.TO vs. CJP.NEO - Drawdown Comparison
The maximum VA.TO drawdown since its inception was -25.81%, smaller than the maximum CJP.NEO drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for VA.TO and CJP.NEO.
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Drawdown Indicators
| VA.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.81% | -38.36% | +12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -10.99% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -20.86% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.73% | -20.86% | -3.87% |
Max Drawdown (10Y)Largest decline over 10 years | -25.81% | -37.75% | +11.94% |
Current DrawdownCurrent decline from peak | -3.77% | -0.35% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -11.12% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.97% | +0.33% |
Volatility
VA.TO vs. CJP.NEO - Volatility Comparison
Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) has a higher volatility of 12.10% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 7.36%. This indicates that VA.TO's price experiences larger fluctuations and is considered to be riskier than CJP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VA.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 7.36% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 14.44% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.10% | 18.97% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 18.48% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 19.37% | -3.86% |
VA.TO vs. CJP.NEO - Expense Ratio Comparison
VA.TO has a 0.22% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
VA.TO vs. CJP.NEO - Dividend Comparison
VA.TO's dividend yield for the trailing twelve months is around 1.67%, more than CJP.NEO's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.15% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF | 1.67% | 2.17% | 2.31% | 2.57% | 3.10% | 2.35% | 2.14% | 2.55% | 2.89% | 1.71% | 1.63% | 1.93% |
Frequently Asked Questions
VA.TO and CJP.NEO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VA.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VA.TO is cheaper with a 0.22% expense ratio, compared with 0.71% for CJP.NEO.
VA.TO is categorized as Asia Pacific Equities, while CJP.NEO is Japan Equities. VA.TO tracks FTSE Developed Asia Pacific All Cap Index, while CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VA.TO and 0.71% for CJP.NEO.
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