iShares JPX-Nikkei 400 ETF (JPXN) Performance
JPXN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.7% since Dec 31, 2025
- 1 year
- +20.8% total return
- 5 years
- +9.5% a year
- 10 years
- +8.7% a year
- Since first price
- +5.5% a year since 2001
JPXN trailing returns vs SPY, QQQ, AGG
| Period | JPXN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.9% | +4.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.3% | +8.6% | +7.8% | +8.4% | −1.5% |
| YTD | +18.7% | +17.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.8% | +17.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +79.4%+21.5%/yr | +65.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +57.4%+9.5%/yr | +39.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +129.3%+8.7%/yr | +87.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +230.5%+8.3%/yr | +148.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +138.0%+4.4%/yr | +66.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 26, 2001 | +280.9%+5.5%/yr | +163.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JPXN vs SPY
From Oct 26, 2001: JPXN grew to $38,086, SPY to $108,059.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPXN returns by calendar year
17 of 24 full years positive. Best 2003 (+35.3%), worst 2008 (−27.6%). 2026 is year to date.
JPXN annual returns table
| Year | JPXN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.7% | −13.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.0% | −13.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.5% | −11.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.7% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.3% | −27.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +0.2% | −11.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.1% | −28.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.4% | −5.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.9% | −23.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.4% | −3.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.0% | −14.9% | +12.0% | +7.1% | +2.4% |
| 2015 | +9.8% | −16.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −6.7% | −11.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +25.7% | −13.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +12.1% | −15.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −16.7% | −25.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.1% | −14.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +3.4% | −29.5% | +26.4% | +54.7% | +3.0% |
| 2008 | −27.6% | −44.4% | −36.8% | −41.7% | +7.9% |
| 2007 | −5.8% | −13.4% | +5.1% | +19.0% | +6.6% |
| 2006 | +8.5% | −20.5% | +15.8% | +7.1% | +3.9% |
| 2005 | +23.9% | −10.0% | +4.8% | +1.6% | +2.3% |
| 2004 | +12.7% | −19.4% | +10.7% | +10.5% | +3.8% |
| 2003 | +35.3% | −15.7% | +28.2% | +49.7% | — |
| 2002 | −11.0% | −27.2% | −21.6% | −37.4% | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JPXN largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 9, 2006 | −55.0% | Mar 9, 2009 | May 5, 2017 | 2.8 years | 11.0 years |
| May 24, 2002 | −33.9% | Apr 28, 2003 | Oct 3, 2003 | 11 months | 1.4 years |
| Sep 15, 2021 | −33.2% | Oct 20, 2022 | Mar 7, 2024 | 1.1 years | 2.5 years |
| Jan 26, 2018 | −31.6% | Mar 16, 2020 | Nov 9, 2020 | 2.1 years | 2.8 years |
| Oct 26, 2001 | −19.9% | Feb 6, 2002 | Mar 7, 2002 | 3 months | 4 months |
| Apr 5, 2004 | −19.4% | May 17, 2004 | Sep 1, 2005 | 42 days | 1.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JPXN risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2001 |
|---|---|---|---|---|
| Annualized return | +20.5% | +9.2% | +8.8% | +5.7% |
| Volatility (annualized) | 12.2% | 14.7% | 13.8% | 15.9% |
| Sharpe ratio | 1.24 | 0.43 | 0.52 | — |
| Sortino ratio | 2.06 | 0.66 | 0.80 | — |
| Best month | +8.5% | +12.2% | +12.2% | +12.2% |
| Worst month | −8.4% | −8.6% | −9.0% | −15.9% |
| Best 12 months | +42.1% | +42.1% | +42.1% | +61.6% |
| Worst 12 months | −0.5% | −28.7% | −28.7% | −41.8% |
| Positive months | 72% | 62% | 61% | 57% |
| Beta vs S&P 500 | 0.58 | 0.67 | 0.65 | — |
| Correlation with S&P 500 | 0.59 | 0.72 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JPXN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 289 | −41.8% | +8.2% | +61.6% | 67% |
| 3-year (a year) | 265 | −18.1% | +5.8% | +33.2% | 82% |
| 5-year (a year) | 241 | −8.5% | +5.6% | +17.0% | 78% |
| 10-year (a year) | 181 | −1.2% | +4.8% | +9.9% | 96% |
Every holding period starting at a month-end since 2001. Returns for 3 years and longer are annualized.
JPXN performance overview
iShares JPX-Nikkei 400 ETF (JPXN) returned +20.8% over the past year and +8.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2001 it has returned +5.5% a year, turning $10,000 into about $38,086. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −55.0%, from May 9, 2006 to Mar 9, 2009, and it took 8.2 years to get back to the old high. JPXN finished 17 of its 24 full calendar years with a gain; the best year was 2003 (+35.3%) and the worst 2008 (−27.6%). Volatility has been 15.9% a year.
Related: JPXN chart, JPXN holdings, JPXN dividends. See the JPXN overview for the latest quote and fund facts.
JPXN performance FAQ
What is the JPXN return over the past year?
JPXN returned +20.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.2%.
What is the average annual return of JPXN?
JPXN has returned +9.5% a year over 5 years, +8.7% a year over 10 years, +5.5% a year since October 26, 2001 (total return, distributions reinvested).
How much would $10,000 invested in JPXN be worth?
$10,000 invested in JPXN at its first recorded close on October 26, 2001 would be worth about $38,086 on October 23, 2026 with distributions reinvested.
What was the worst year for JPXN?
The worst calendar year was 2008, with a total return of −27.6%. The best was 2003 at +35.3%.
What is the biggest drawdown of JPXN?
The largest peak-to-trough decline was −55.0% between May 9, 2006 and March 9, 2009. It recovered to the old high on May 5, 2017, 8.2 years after the bottom.
How volatile is JPXN?
Over the past 3 years JPXN had an annualized volatility of 12.2% and a Sharpe ratio of 1.24 (excess return over 1–3 month T-bills per unit of risk).