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Launched

Lazard Japanese Equity ETF

JPYNasdaqLazardC

$37.51−0.05 (−0.12%)

At close: Nov 2, 2026, 4:00 PM ET

C49/ 100

Rank 12 of 18 in Japan

C49/100Rank 12 of 18inJapan
Intraday session: down, 79 prints from 37.56 to 37.51. Range 37.01 to 37.84. Use the arrow keys to read each point.37.0037.2037.4037.8010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$84M
1Y total return
+19.0%
Yield · Last 12 months
1.17%
Holdings
63
Avg volume · 30D
4.39K sh
52W range
low $28.92high $39.98
Launched

The ETF.net JPY Grade

C

Score 49 out of 100

Category
Japan⁠
Rank
12 of 18
Six-pillar profile for JPY. Scores out of 100: Cost 35, Risk 39, Mission 100, Tradability 18, Holdings 42, Durability 17. Strongest: Mission (100). Weakest: Durability (17). Leans toward Mission.

Score 49 of 100 falls in the C 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.
    D35 out of 100
    Rank 12 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 15 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 17 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 14 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F17 out of 100
    Rank 17 of 18

Our read on JPY

ETF.net Research

In short

CMost Japan ETFs just buy the index. JPY hands the stock picking to Lazard's Japan team, which has run the strategy for decades, and holds a concentrated, non-diversified slice of the market instead.

Stated mandate

The Portfolio seeks long-term capital appreciation.

Why people hold it

  • Active, not index-tracking: a local, bilingual Lazard team chooses the names, a rarity in a category where the biggest funds simply replicate a Japan benchmark.lazardassetmanagement.com
  • The prospectus commits at least 80% of net assets to equities traded on Japanese markets, and the portfolio has stayed tightly inside that Japan-only lane.yahoo.com
  • Launched in 2025 as one of Lazard's first US active ETFs, putting a long-running institutional Japan strategy into an exchange-traded wrapper.lazard.com

Worth knowing

  • Costs 0.60% a year, above the typical Japan fund and well above index trackers like FLJP and FLJH at 0.09%. Research is what the premium buys.
  • A 2025 launch, modest in size and thinly traded, so spreads can run wider than at the giant Japan trackers and there is little history to judge.
  • Non-diversified and concentrated: a handful of names drive results, which can land far from the broad Japan market in either direction.yahoo.com

JPY Performance

Launched Apr 4, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
JPY$11,900
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. JPY $11,900. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for JPY. Periods over one year show the average yearly return.
PeriodJPY
Year to date+18.1%
1 month−4.2%
3 months+0.6%
1 year+19.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JPY
YearReturn barJPY
2026 YTD+18.1%
2025+39.9%

History from Apr 7, 2025

JPY in the news

JPY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.17%Last 12 months
Payout per share
$0.44Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Jun 20, 2025 $0.55; Dec 19, 2025 $0.21; Jun 18, 2026 $0.23. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 22, 2026$0.23
Dec 19, 2025Dec 22, 2025$0.21
Jun 20, 2025Jun 23, 2025$0.55

$10,000 in JPY 1 year ago paid $138 in dividends.

JPY Risk

Risk pillarD39 out of 100Rank 15 of 18 in Japan
How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 18 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.41
vs 3-month T-bills · 18 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−15.1%
18 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

JPY Cost

Compare JPY and FLJP

Overpaying vs FLJP, tied cheapest in Japan

$9,919

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JPY 0.60%

    $11,817

  • FLJP 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • JPY 0.60%
  • FLJP 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530JPY $11,817FLJP $1,898

Year by year

YearJPYFLJPOverpaying
10$1,076$165$911
20$4,116$646$3,470
30$11,817$1,898$9,919

Other funds in Japan

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