Lazard Japanese Equity ETF (JPY) Performance
JPY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +19.6% since Dec 31, 2025
- 1 year
- +21.1% total return
- Since first price
- +67.3% since 2025
JPY trailing returns vs SPY, QQQ, AGG
| Period | JPY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.8% | +3.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.7% | +12.0% | +7.8% | +8.4% | −1.5% |
| YTD | +19.6% | +18.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.1% | +19.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 7, 2025 | +67.3% | +61.9% | — | — | — |
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: JPY vs SPY
From Apr 7, 2025: JPY grew to $16,731, SPY to $15,317.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPY returns by calendar year
2026 is year to date.
JPY annual returns table
| Year | JPY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +19.6% | −15.1% | +12.3% | +15.1% | −1.0% |
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.
JPY largest drawdowns
Now 4.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2026 | −15.1% | Mar 20, 2026 | May 29, 2026 | 37 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JPY risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +31.7% |
| Volatility (annualized) | 13.7% |
| Sharpe ratio | 1.82 |
| Sortino ratio | 3.17 |
| Best month | +7.3% |
| Worst month | −8.8% |
| Best 12 months | +33.5% |
| Worst 12 months | +26.5% |
| Positive months | 82% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
JPY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +20.5% | +29.5% | +33.5% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
JPY performance overview
Lazard Japanese Equity ETF (JPY) returned +21.1% over the past year, with distributions reinvested. Since its first recorded price on Apr 7, 2025 it has returned +67.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.1%, from Feb 11, 2026 to Mar 20, 2026, and it took 2 months to get back to the old high. Volatility has been 13.7% a year.
Related: JPY chart, JPY holdings, JPY dividends. See the JPY overview for the latest quote and fund facts.
JPY performance FAQ
What is the JPY return over the past year?
JPY returned +21.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.6%.
How much would $10,000 invested in JPY be worth?
$10,000 invested in JPY at its first recorded close on April 7, 2025 would be worth about $16,731 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of JPY?
The largest peak-to-trough decline was −15.1% between February 11, 2026 and March 20, 2026. It recovered to the old high on May 29, 2026, 2 months after the bottom.
How volatile is JPY?
Over the past history JPY had an annualized volatility of 13.7% and a Sharpe ratio of 1.82 (excess return over 1–3 month T-bills per unit of risk).