JAPN vs GLDW

Comparison between HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF) and ROUNDHILL GOLD WEEKLYPAY ETF (GLDW, ETF).

JAPN vs GLDW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JAPN(ETF)	GLDW(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.85%	N/A
Max Drawdown	24.13%	72.07%
Sharpe Ratio	-1.03	-0.60
5Y Beta	0.71	0.98

Net Assets

JAPN

$23M

GLDW

$23M

Expense Ratio

JAPN

0.85%

GLDW

N/A

Max Drawdown

Winner

JAPN

24.13%

GLDW

72.07%

Sharpe Ratio

JAPN

-1.03

Winner

GLDW

-0.60

5Y Beta

Winner

JAPN

0.71

GLDW

0.98

JAPN vs GLDW - Holdings Comparison

JAPN and GLDW have 0 common holdings. Overlap is 0.00%

JAPN's top 25 holdings weight is 88.65%. GLDW's top 25 holdings weight is 3.89%.

Rank	JAPN	GLDW
#1	FURUNO ELECTRIC CO LTD (n/a) - 9.39%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.89%
#2	JAPAN ELEVATOR SERVICE HOLDINGS CO LTD (n/a) - 4.97%	N/A
#3	FINATEXT HOLDINGS LTD (n/a) - 4.81%	N/A
#4	RESORTTRUST INC (n/a) - 4.36%	N/A
#5	M&A CAPITAL PARTNERS CO LTD (n/a) - 4.30%	N/A
#6	FURYU CORP (n/a) - 4.22%	N/A
#7	ULS GROUP INC (n/a) - 4.13%	N/A
#8	HIKARI TSUSHIN INC (n/a) - 3.82%	N/A
#9	ORO CO LTD (n/a) - 3.68%	N/A
#10	PAN PACIFIC INTERNATIONAL HOLDINGS CORP (n/a) - 3.65%	N/A
#11	VISIONAL INC ORDINARY SHARES (n/a) - 3.64%	N/A
#12	INTERNET INITIATIVE JAPAN INC (n/a) - 3.47%	N/A
#13	US BANK MMDA USBGFS 7 (n/a) - 3.34%	N/A
#14	KOTOBUKI SPIRITS CO LTD (n/a) - 3.16%	N/A
#15	KEEPER TECHNICAL LABORATORY CO LTD (n/a) - 3.03%	N/A
#16	OBIC BUSINESS CONSULTANTS CO LTD (n/a) - 2.84%	N/A
#17	YONEX CO LTD (n/a) - 2.82%	N/A
#18	IG PORT INC (n/a) - 2.67%	N/A
#19	STARTS PUBLISHING CORP (n/a) - 2.61%	N/A
#20	ALPHAPOLIS CO LTD (n/a) - 2.57%	N/A
#21	TRANSACTION CO LTD (n/a) - 2.51%	N/A
#22	SEGA SAMMY HOLDINGS INC (n/a) - 2.43%	N/A
#23	TSUBURAYA FIELDS HOLDINGS INC (n/a) - 2.29%	N/A
#24	TOWA CORP (n/a) - 2.15%	N/A
#25	MACNICA HOLDINGS INC (n/a) - 1.79%	N/A
Total Holdings	36	1

JAPN vs GLDW - Historical Returns

Returns include dividend reinvestment.

Period	JAPN	GLDW
1 month	-5.04%	-12.25%
3 months	-5.54%	-21.51%
6 months	-11.95%	-1.95%
1 year	-17.24%	N/A
5 years(CAGR)	N/A	-14.55%
10 years(CAGR)	N/A	-8.35%
Max(CAGR)	-9.61%	-8.35%

Winner

JAPN

-5.04%

GLDW

-12.25%

Winner

JAPN

-5.54%

GLDW

-21.51%

JAPN

-11.95%

Winner

GLDW

-1.95%

JAPN

-17.24%

GLDW

N/A

5Y(CAGR)

JAPN

N/A

GLDW

-14.55%

10Y(CAGR)

JAPN

N/A

GLDW

-8.35%

Max(CAGR)

JAPN

-9.61%

Winner

GLDW

-8.35%

JAPN vs GLDW - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	JAPN	GLDW
2026	-12.94%	-4.66%
2025	+2.79%	+7.63%
2019	N/A	+20.36%
2018	N/A	+3.71%
2017	N/A	+1.12%

JAPN vs GLDW Drawdown Comparison

The maximum drawdown for JAPN was -23.95%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for GLDW was -68.65%, occurring on Nov 4, 2025. This drawdown has not yet recovered.

The current JAPN drawdown is -22.36%. The current GLDW drawdown is -66.83%.

Rank	JAPN	GLDW
#1	-23.95% Aug 18, 2025 - Mar 30, 2026	-68.65% Sep 3, 2019 - Nov 4, 2025
#2	-5.63% Jun 27, 2025 - Aug 6, 2025	-11.54% Apr 13, 2017 - Jan 31, 2019
#3	-2.90% May 27, 2025 - Jun 2, 2025	-4.36% Feb 24, 2017 - Apr 11, 2017
#4	-1.52% Jun 12, 2025 - Jun 24, 2025	-4.16% Feb 19, 2019 - Jun 3, 2019
#5	-1.34% May 20, 2025 - May 27, 2025	-2.13% Jun 25, 2019 - Jul 3, 2019
#6	-1.04% Aug 7, 2025 - Aug 18, 2025	-1.84% Jul 3, 2019 - Jul 10, 2019
#7	-1.00% Jun 2, 2025 - Jun 9, 2025	-1.49% Aug 15, 2019 - Aug 26, 2019
#8	-0.36% May 16, 2025 - May 20, 2025	-1.05% Jul 18, 2019 - Jul 29, 2019
#9	-0.07% Jun 24, 2025 - Jun 26, 2025	-0.82% Jul 10, 2019 - Jul 17, 2019
#10	N/A	-0.74% Jun 7, 2019 - Jun 12, 2019
#11	N/A	-0.60% Jul 30, 2019 - Aug 1, 2019
#12	N/A	-0.57% Aug 27, 2019 - Sep 3, 2019
#13	N/A	-0.44% Aug 1, 2019 - Aug 5, 2019
#14	N/A	-0.41% Aug 8, 2019 - Aug 12, 2019
#15	N/A	-0.40% Feb 8, 2017 - Feb 15, 2017