XEG.TO vs. CJP.NEO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy 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, XEG.TO returned 11.69%/yr vs 16.37%/yr for CJP.NEO. At a 0.33 correlation, their price movements are largely independent. XEG.TO charges 0.61%/yr vs 0.71%/yr for CJP.NEO.
Performance
XEG.TO vs. CJP.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 38.53% return, which is significantly higher than CJP.NEO's 17.05% return. Over the past 10 years, XEG.TO has underperformed CJP.NEO with an annualized return of 11.69%, while CJP.NEO has yielded a comparatively higher 16.37% annualized return.
XEG.TO
- 1D
- -0.41%
- 1M
- -2.76%
- YTD
- 38.53%
- 6M
- 37.54%
- 1Y
- 55.84%
- 3Y*
- 26.37%
- 5Y*
- 28.03%
- 10Y*
- 11.69%
CJP.NEO
- 1D
- 2.51%
- 1M
- 0.99%
- YTD
- 17.05%
- 6M
- 17.74%
- 1Y
- 49.90%
- 3Y*
- 27.93%
- 5Y*
- 22.66%
- 10Y*
- 16.37%
XEG.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 38.53% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 17.05% | 30.67% | 26.74% | 35.03% | 3.67% | 18.19% | 0.18% | 13.12% | -17.35% | 21.33% |
Correlation
The correlation between XEG.TO and CJP.NEO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.33 |
Over the past year, the correlation between XEG.TO and CJP.NEO has dropped to 0.07 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
XEG.TO vs. CJP.NEO — Risk / Return Rank
XEG.TO
CJP.NEO
XEG.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.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.
| XEG.TO | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.51 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 4.58 | +0.46 |
| Martin ratioReturn relative to average drawdown | 14.38 | 17.20 | -2.82 |
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Drawdowns
XEG.TO vs. CJP.NEO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than CJP.NEO's maximum drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for XEG.TO and CJP.NEO.
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Drawdown Indicators
| XEG.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -38.36% | -49.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -10.99% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -20.86% | -4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -20.86% | -7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | -37.75% | -41.91% |
Current DrawdownCurrent decline from peak | -7.87% | -1.88% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -11.15% | -23.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.92% | +0.97% |
Volatility
XEG.TO vs. CJP.NEO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.11% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 5.03%. This indicates that XEG.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
| XEG.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 5.03% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.65% | 13.58% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 18.26% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 18.37% | +10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.40% | 19.59% | +13.81% |
XEG.TO vs. CJP.NEO - Expense Ratio Comparison
XEG.TO has a 0.61% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
XEG.TO vs. CJP.NEO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.76%, more than CJP.NEO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.26% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.76% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XEG.TO and CJP.NEO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.61% expense ratio, compared with 0.71% for CJP.NEO.
XEG.TO is categorized as Energy Equities, while CJP.NEO is Japan Equities. XEG.TO tracks S&P/TSX Capped Energy Index, while CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index. Their fees differ too: 0.61% for XEG.TO and 0.71% for CJP.NEO.
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