Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
iShares JPX-Nikkei 400 ETF
$104.40+0.30 (+0.29%)
- 0.48%
- $140M
- +29.2%
- 2.64%
- 0M sh
- $103.97
- low $83.74high $105.69
The ETF.net JPXN Grade
A
Score 74 out of 100
- 3 of 18
Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 6 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 5 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 7 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 3 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 6 of 18
Our read on JPXN
AMost Japan ETFs just buy Tokyo. JPXN follows the JPX-Nikkei 400, an index that screens for profitability and shareholder-oriented practices, making it the corporate-reform cut of Japan rather than plain country beta.
JPXN seeks to follow an index of Japanese equities that applies profitability and shareholder-oriented practice screens. It is intended to provide targeted exposure to Japan as a single-country allocation.
Why people hold it
- The screen picks on capital discipline, not just size: about 400 Japanese companies filtered for profitability and shareholder-oriented management.
- 0.48% a year, a touch below the typical single-country Japan fund, which is unusual for a screened index rather than a plain market cap build.
- Listed since 2001, it is one of the longer-running US-listed Japan funds, and it has tracked its stated index closely with no side bets.
- Sits among the stronger implementations in a Japan single-country peer group that runs to well over a dozen funds.
Worth knowing
- Broad Japan trackers cost far less: FLJP at 0.09% and BBJP at 0.19%. The profitability and governance screen is what the extra fee buys.
- It trades lightly next to the giant Japan funds, so bid-ask spreads matter more here than with the category heavyweights.
- One country, one screen. Japanese equities only, so it moves with Japan's market and offers no cushion from other regions.
JPXN Holdings
- Stocks
- 401
- 17%
- 6098.T
Sectors
- Industrials28.4%
- Information Technology15.7%
- Consumer Discretionary14.9%
- Financials14.5%
- Communication6.4%
- Health Care5.4%
- Materials4.8%
- Consumer Staples4.8%
- Real Estate2.2%
- Utilities1.6%
- Energy1.3%
Geography
- Japan100.00%
Developed 100% · Emerging 0%
JPXN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
JPXN$12,915
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JPXN |
|---|---|
| Year to date | +21.2% |
| 1 month | −0.7% |
| 3 months | +3.2% |
| 1 year | +29.2% |
| 3 years | +20.7% |
| 5 years | +10.2% |
| 10 years | +9.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JPXN |
|---|---|---|
| 2026 YTD | +21.2% | |
| 2025 | +26.1% | |
| 2024 | +6.5% | |
| 2023 | +19.7% | |
| 2022 | −16.3% | |
| 2021 | +0.2% | |
| 2020 | +15.1% |
JPXN in the news
JPXN Dividends
- 2.64%
- $2.75
- $0.64 per share
- Twice a year
Distribution history
JPXN Risk
- 12.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −29.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JPXN Cost
0.48%
JPXN0.48%
- The middle half of Japan funds
- Median 0.54%
5 of the 18 Japan funds charge less.
Other funds in Japan
- ABBJPJPMorgan BetaBuilders Japan ETFExpense ratio 0.19%1 year return +27.6%
- AFLJHFranklin FTSE Japan Hedged ETFExpense ratio 0.09%1 year return +38.7%
- ASCJiShares MSCI Japan Small-Cap ETFExpense ratio 0.50%1 year return +28.2%
- AEWJiShares MSCI Japan ETFExpense ratio 0.49%1 year return +29.6%
- BGSJYGoldman Sachs ActiveBeta Japan Equity ETFExpense ratio 0.25%1 year return +30.7%