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Compare BMO Japan Index ETF (ZJPN) vs iShares Japan Fundamental Index ETF (CJP) to find the best fit for your portfolio. ZJPN provides Industrials, Consumer Discretionary, and Financials exposures, while CJP is primarily weighted in Industrials, Financials, and Consumer Discretionary. When evaluating costs, ZJPN features a management fee (MER) of 0.35%, compared to 0.65% for CJP. Performance-wise, ZJPN has returned 11.34% year-to-date with +$108 M in net flows, whereas CJP is at 13.67% with +$20 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZJPN
CJP
| AuM | $641.78 M | $151.22 M |
| Management Fees | 0.35% | 0.65% |
| Exp. ratio | 0.39% | 0.72% |
| Tracking Difference | 0.34% | - |
Historical performance and flows
As of May 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZJPN | +4.14% | +0.49% | +11.34% | +28.74% | +70.01% |
CJP | +4.77% | +1.50% | +13.67% | +49.48% | +125.97% | |
| Flows | ZJPN | +$5 M | +$106 M | +$108 M | +$129 M | +$4 M |
CJP | +$2 M | -$4 M | +$20 M | +$30 M | +$43 M |
ZJPN vs CJP exposure
Countries
ZJPN
Japan
100.00%
CJP
Japan
99.82%
Sectors
ZJPN
Industrials
25.96%
Consumer Discretionary
16.15%
Financials
16.04%
Information Technology
12.48%
Other
29.37%
CJP
Industrials
24.04%
Financials
18.64%
Consumer Discretionary
16.03%
Information Technology
9.55%
Other
31.74%
As of May 7, 2026
Top 10 Holdings
ZJPN
TOYOTA
4.18%
MITSUBISHI UFJ FINANCIAL GROUP
3.64%
HITACHI
2.41%
SUMITOMO MITSUI
2.36%
SONY GROUP CORPORATION
2.36%
MITSUBISHI
2.35%
TOKYO ELECTRON
2.14%
MITSUI
1.87%
MIZUHO FINANCIAL
1.85%
ADVANTEST
1.82%
CJP
MITSUBISHI UFJ FINANCIAL GROUP
4.83%
SONY GROUP CORPORATION
3.17%
TOYOTA
3.01%
SUMITOMO MITSUI
2.82%
HITACHI
2.49%
MIZUHO FINANCIAL
2.21%
SOFTBANK GROUP CORP
1.78%
MITSUBISHI
1.60%
SHIN-ETSU CHEM
1.58%
TOKYO ELECTRIC POWER CO HOLDING
1.47%
Diversification
ZJPN
Total weight of top 10 holdings out of 305 total
24.99%
CJP
Total weight of top 10 holdings out of 250 total
24.96%
Characteristics
Compare
ZJPN
CJP
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive GBS Japan Large & Mid Cap NTR Index - CAD | FTSE RAFI Japan Hedged in Canadian Dollar Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.24% | 1.30% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | February 14, 2007 |
Frequently asked questions about ZJPN and CJP
Which ETF has performed better year to date: ZJPN or CJP?
As of May 7, 2026, ZJPN has returned 11.34% year to date, while CJP has returned 13.67%. CJP is ahead on YTD performance.
Which ETF is larger by assets under management: ZJPN or CJP?
As of May 7, 2026, ZJPN manages $641.78 M in assets, while CJP manages $151.22 M. ZJPN is the larger fund by AUM.
How are ZJPN and CJP managed?
ZJPN is passively managed by BMO. It tracks the Solactive GBS Japan Large & Mid Cap NTR Index - CAD benchmark. CJP is passively managed by iShares. It tracks the FTSE RAFI Japan Hedged in Canadian Dollar Total Return Index - CAD benchmark.
What sectors do ZJPN and CJP emphasize?
ZJPN is most exposed to Industrials, Consumer Discretionary, and Financials. CJP is most exposed to Industrials, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: ZJPN or CJP?
Year to date, ZJPN has seen +$108.46 M in net flows, compared with +$19.54 M for CJP. ZJPN has attracted more net investor money so far.
How do the fees of ZJPN and CJP compare?
ZJPN has an expense ratio of 0.39%, while CJP has an expense ratio of 0.72%.
What are the top holdings of ZJPN and CJP?
ZJPN's largest holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP, and HITACHI. CJP's top holdings include MITSUBISHI UFJ FINANCIAL GROUP, SONY GROUP CORPORATION, and TOYOTA.
Which ETF is more diversified: ZJPN or CJP?
ZJPN holds 299 securities, while CJP holds 246. On holdings count, ZJPN is the more diversified portfolio.
Recent articles about ZJPN and CJP
Japan ETFs Rally as Takaichi Win Drives Global Flows
Political stability and structural reform lift Japan equities — and Canadian-listed ETFs are following.
Posted on 2/16/2026 by ETF Market Canada inJapan
US–Japan Trade Deal Sparks Rally in Canadian Japan ETFs
Tariff relief and $550 billion investment pledge lift Canadian-listed funds tracking Japanese equities.
Posted on 7/28/2025 by ETF Market Canada inJapan
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