ZJPN.TO vs. EWJV
Compare and contrast key facts about BMO Japan Index ETF (ZJPN.TO) and iShares MSCI Japan Value ETF (EWJV).
ZJPN.TO and EWJV 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. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. Both ZJPN.TO and EWJV 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. EWJV - Performance Comparison
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ZJPN.TO vs. EWJV - 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% |
EWJV iShares MSCI Japan Value ETF | 11.21% | 27.82% | 21.18% | 20.88% | -1.40% |
Different Trading Currencies
ZJPN.TO is traded in CAD, while EWJV is traded in USD. To make them comparable, the EWJV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZJPN.TO achieves a 8.23% return, which is significantly lower than EWJV's 11.21% return.
ZJPN.TO
- 1D
- 2.56%
- 1M
- -2.37%
- YTD
- 8.23%
- 6M
- 9.41%
- 1Y
- 27.59%
- 3Y*
- 18.15%
- 5Y*
- —
- 10Y*
- —
EWJV
- 1D
- 2.08%
- 1M
- -1.69%
- YTD
- 11.21%
- 6M
- 17.08%
- 1Y
- 35.07%
- 3Y*
- 25.65%
- 5Y*
- 15.53%
- 10Y*
- —
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ZJPN.TO vs. EWJV - Expense Ratio Comparison
ZJPN.TO has a 0.39% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Return for Risk
ZJPN.TO vs. EWJV — Risk / Return Rank
ZJPN.TO
EWJV
ZJPN.TO vs. EWJV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Japan Index ETF (ZJPN.TO) and iShares MSCI Japan Value ETF (EWJV). 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 | EWJV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.68 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.28 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.39 | -0.32 |
Martin ratioReturn relative to average drawdown | 7.43 | 8.39 | -0.97 |
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 | EWJV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.68 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.77 | +0.04 |
Correlation
The correlation between ZJPN.TO and EWJV is 0.67, 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. EWJV - Dividend Comparison
ZJPN.TO's dividend yield for the trailing twelve months is around 1.28%, less than EWJV's 4.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZJPN.TO BMO Japan Index ETF | 1.28% | 1.45% | 1.79% | 2.05% | 1.97% | 0.00% | 0.00% | 0.00% |
EWJV iShares MSCI Japan Value ETF | 4.88% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% |
Drawdowns
ZJPN.TO vs. EWJV - Drawdown Comparison
The maximum ZJPN.TO drawdown since its inception was -17.03%, smaller than the maximum EWJV drawdown of -25.67%. Use the drawdown chart below to compare losses from any high point for ZJPN.TO and EWJV.
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Drawdown Indicators
| ZJPN.TO | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -30.05% | +13.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.72% | -14.74% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.39% | — |
Current DrawdownCurrent decline from peak | -5.80% | -8.30% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -6.17% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.01% | -0.48% |
Volatility
ZJPN.TO vs. EWJV - Volatility Comparison
BMO Japan Index ETF (ZJPN.TO) has a higher volatility of 8.41% compared to iShares MSCI Japan Value ETF (EWJV) at 7.88%. This indicates that ZJPN.TO's price experiences larger fluctuations and is considered to be riskier than EWJV 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 | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 7.88% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 14.24% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 20.95% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 16.23% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 16.83% | +0.15% |