JPAN vs VOO
Matthews Japan Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. JPAN delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JPAN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $10M | $997.4B | |
| Dividend Yield | 4.47% | 1.08% | |
| Holdings | 55 | 509 | |
| YTD Return | +17.67% | +13.20% | |
| 1Y Return | +22.82% | +21.62% | |
| 3Y Return (annualized) | +22.82% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 14.8% | 14.1% | |
| Max Drawdown | -15.2% | -34.3% | |
| Fund Family | Matthews Asia Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2023 | Sep 7, 2010 |
JPAN vs VOO Performance
Matthews Japan Active ETF (JPAN) is a ETF from Matthews Asia Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JPAN returned +22.82% while VOO returned +21.62%. Year to date, JPAN is up 17.67% versus a gain of 13.20% for VOO.
Over three years, JPAN compounded at +22.82% per year against +22.16% for VOO. Across the full 3-year window we track, JPAN has the edge at +22.82% annualized vs +13.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPAN has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.2% for JPAN and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPAN charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, JPAN currently yields 4.47% against 1.08% for VOO.
Holdings Overlap
JPAN and VOO share 0 holdings out of 557 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPAN or VOO?
JPAN has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, JPAN or VOO?
Over the past year JPAN returned +22.82% vs +21.62% for VOO, so JPAN leads on 1-year performance. Over the longest common window we track (3 years), JPAN annualized +22.82% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, JPAN or VOO?
JPAN has been the more volatile fund at 14.8% annualized versus 14.1% for VOO. Worst drawdown: JPAN -15.2% vs VOO -34.3%.
Should I hold both JPAN and VOO?
JPAN and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPAN and VOO?
JPAN and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, JPAN or VOO?
JPAN yields 4.47% while VOO yields 1.08%, so JPAN currently pays the higher dividend yield.
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