XEF.TO vs. CJP.TO
Compare and contrast key facts about iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO).
XEF.TO and CJP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEF.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM xNA GR CAD. It was launched on Apr 10, 2013. CJP.TO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Japan Canadian Dollar Hedged Index. It was launched on Feb 14, 2007. Both XEF.TO and CJP.TO 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: XEF.TO or CJP.TO.
Key characteristics
| XEF.TO | CJP.TO | |
|---|---|---|
| YTD Return | 13.57% | 14.15% |
| 1Y Return | 19.23% | 11.66% |
| 3Y Return (Ann) | 5.23% | 14.88% |
| 5Y Return (Ann) | 7.94% | 13.93% |
| 10Y Return (Ann) | 7.96% | 8.42% |
| Sharpe Ratio | 1.81 | 0.67 |
| Daily Std Dev | 10.41% | 20.00% |
| Max Drawdown | -28.50% | -40.66% |
| Current Drawdown | 0.00% | -13.68% |
Correlation
The correlation between XEF.TO and CJP.TO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XEF.TO vs. CJP.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with XEF.TO having a 13.57% return and CJP.TO slightly higher at 14.15%. Over the past 10 years, XEF.TO has underperformed CJP.TO with an annualized return of 7.96%, while CJP.TO has yielded a comparatively higher 8.42% 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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XEF.TO vs. CJP.TO - Expense Ratio Comparison
XEF.TO has a 0.22% expense ratio, which is lower than CJP.TO's 0.71% expense ratio.
Risk-Adjusted Performance
XEF.TO vs. CJP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO). 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
XEF.TO vs. CJP.TO - Dividend Comparison
XEF.TO's dividend yield for the trailing twelve months is around 2.53%, more than CJP.TO's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.53% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% | 5.21% | 1.72% |
CJP.TO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.46% | 1.24% | 1.96% | 0.00% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XEF.TO vs. CJP.TO - Drawdown Comparison
The maximum XEF.TO drawdown since its inception was -28.50%, smaller than the maximum CJP.TO drawdown of -40.66%. Use the drawdown chart below to compare losses from any high point for XEF.TO and CJP.TO. For additional features, visit the drawdowns tool.
Volatility
XEF.TO vs. CJP.TO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.11%, while iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.TO) has a volatility of 6.96%. This indicates that XEF.TO experiences smaller price fluctuations and is considered to be less risky than CJP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.