XIT.TO vs. CJP.NEO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and CJP.NEO (iShares Japan Fundamental Index ETF (CAD-Hedged)) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD, 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, XIT.TO returned 17.72%/yr vs 16.37%/yr for CJP.NEO. At a 0.29 correlation, their price movements are largely independent. XIT.TO charges 0.60%/yr vs 0.71%/yr for CJP.NEO.
Performance
XIT.TO vs. CJP.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -7.03% return, which is significantly lower than CJP.NEO's 17.05% return. Over the past 10 years, XIT.TO has outperformed CJP.NEO with an annualized return of 17.72%, while CJP.NEO has yielded a comparatively lower 16.37% annualized return.
XIT.TO
- 1D
- -1.05%
- 1M
- 13.98%
- YTD
- -7.03%
- 6M
- -8.75%
- 1Y
- 5.67%
- 3Y*
- 16.18%
- 5Y*
- 7.18%
- 10Y*
- 17.72%
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%
XIT.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -7.03% | 15.48% | 30.02% | 55.56% | -35.85% | 10.74% | 45.91% | 60.88% | 11.71% | 17.09% |
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 XIT.TO and CJP.NEO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.29 |
The correlation between XIT.TO and CJP.NEO shifts across timeframes, from 0.25 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XIT.TO vs. CJP.NEO — Risk / Return Rank
XIT.TO
CJP.NEO
XIT.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.
| XIT.TO | CJP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.51 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 4.58 | -4.41 |
| Martin ratioReturn relative to average drawdown | 0.36 | 17.20 | -16.85 |
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Drawdowns
XIT.TO vs. CJP.NEO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -56.92%, 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 XIT.TO and CJP.NEO.
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Drawdown Indicators
| XIT.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -38.36% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -10.99% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -20.86% | -11.07% |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | -20.86% | -33.29% |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | -37.75% | -16.40% |
Current DrawdownCurrent decline from peak | -17.01% | -1.88% | -15.13% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -11.15% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 2.92% | +13.06% |
Volatility
XIT.TO vs. CJP.NEO - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 10.65% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 5.03%. This indicates that XIT.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
| XIT.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 5.03% | +5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 24.63% | 13.58% | +11.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.61% | 18.26% | +13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.43% | 18.37% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.56% | 19.59% | +8.97% |
XIT.TO vs. CJP.NEO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Dividends
XIT.TO vs. CJP.NEO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while CJP.NEO's dividend yield for the trailing twelve months is around 1.26%.
| 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% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.35% | 0.00% | 0.15% | 0.18% | 0.10% |
Frequently Asked Questions
XIT.TO and CJP.NEO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIT.TO is cheaper with a 0.60% expense ratio, compared with 0.71% for CJP.NEO.
XIT.TO is categorized as Technology Equities, while CJP.NEO is Japan Equities. XIT.TO tracks Morningstar Gbl GR CAD, while CJP.NEO tracks FTSE RAFI Japan Canadian Dollar Hedged Index. Their fees differ too: 0.60% for XIT.TO and 0.71% for CJP.NEO.
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