ZJPN.TO vs. CJP.NEO
Compare and contrast key facts about BMO Japan Index ETF (ZJPN.TO) and iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO).
ZJPN.TO and CJP.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZJPN.TO is a passively managed fund by BMO that tracks the performance of the Solactive GBS Japan Large & Mid Cap Index. It was launched on Jan 24, 2022. CJP.NEO 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 ZJPN.TO and CJP.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZJPN.TO vs. CJP.NEO - Performance Comparison
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ZJPN.TO vs. CJP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZJPN.TO BMO Japan Index ETF | 8.23% | 19.62% | 16.50% | 16.10% | -2.46% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 9.43% | 30.67% | 26.74% | 35.03% | 6.58% |
Returns By Period
In the year-to-date period, ZJPN.TO achieves a 8.23% return, which is significantly lower than CJP.NEO's 9.43% return.
ZJPN.TO
- 1D
- 2.56%
- 1M
- -2.37%
- YTD
- 8.23%
- 6M
- 9.41%
- 1Y
- 27.59%
- 3Y*
- 18.15%
- 5Y*
- —
- 10Y*
- —
CJP.NEO
- 1D
- 2.35%
- 1M
- -3.54%
- YTD
- 9.43%
- 6M
- 22.11%
- 1Y
- 44.20%
- 3Y*
- 31.16%
- 5Y*
- 21.18%
- 10Y*
- 15.12%
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ZJPN.TO vs. CJP.NEO - Expense Ratio Comparison
ZJPN.TO has a 0.39% expense ratio, which is lower than CJP.NEO's 0.71% expense ratio.
Return for Risk
ZJPN.TO vs. CJP.NEO — Risk / Return Rank
ZJPN.TO
CJP.NEO
ZJPN.TO vs. CJP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Japan Index ETF (ZJPN.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.
| ZJPN.TO | CJP.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.08 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.71 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.19 | -1.12 |
Martin ratioReturn relative to average drawdown | 7.43 | 12.50 | -5.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZJPN.TO | CJP.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.08 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.43 | +0.38 |
Correlation
The correlation between ZJPN.TO and CJP.NEO is 0.58, 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.
Dividends
ZJPN.TO vs. CJP.NEO - Dividend Comparison
ZJPN.TO's dividend yield for the trailing twelve months is around 1.28%, less than CJP.NEO's 1.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZJPN.TO BMO Japan Index ETF | 1.28% | 1.45% | 1.79% | 2.05% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CJP.NEO iShares Japan Fundamental Index ETF (CAD-Hedged) | 1.35% | 1.48% | 1.71% | 1.24% | 1.96% | 1.56% | 1.97% | 2.42% | 2.38% | 1.48% | 0.97% | 0.84% |
Drawdowns
ZJPN.TO vs. CJP.NEO - Drawdown Comparison
The maximum ZJPN.TO drawdown since its inception was -17.03%, smaller than the maximum CJP.NEO drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for ZJPN.TO and CJP.NEO.
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Drawdown Indicators
| ZJPN.TO | CJP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -38.36% | +21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.72% | -13.45% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.75% | — |
Current DrawdownCurrent decline from peak | -5.80% | -5.16% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -11.25% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.43% | +0.10% |
Volatility
ZJPN.TO vs. CJP.NEO - Volatility Comparison
BMO Japan Index ETF (ZJPN.TO) has a higher volatility of 8.41% compared to iShares Japan Fundamental Index ETF (CAD-Hedged) (CJP.NEO) at 7.73%. This indicates that ZJPN.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
| ZJPN.TO | CJP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.73% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 14.71% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 21.42% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 18.34% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 20.04% | -3.06% |