JAPN vs THYM

Comparison between HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF) and T. ROWE PRICE HIGH INCOME MUNICIPAL ETF (THYM, ETF).

JAPN vs THYM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JAPN(ETF)	THYM(ETF)
Net Assets	$24M	$24M
Expense Ratio	0.85%	0.32%
Max Drawdown	24.13%	3.43%
Sharpe Ratio	-1.03	0.65
5Y Beta	0.71	0.14

Net Assets

JAPN

$24M

Winner

THYM

$24M

Expense Ratio

JAPN

0.85%

Winner

THYM

0.32%

Max Drawdown

JAPN

24.13%

Winner

THYM

3.43%

Sharpe Ratio

JAPN

-1.03

Winner

THYM

0.65

5Y Beta

JAPN

0.71

Winner

THYM

0.14

JAPN vs THYM - Historical Returns

Returns include dividend reinvestment.

Period	JAPN	THYM
1 month	-2.02%	+1.00%
3 months	-5.18%	+1.33%
6 months	-12.74%	+3.44%
1 year	-16.55%	N/A
Max(CAGR)	-9.35%	+6.48%

JAPN

-2.02%

Winner

THYM

+1.00%

JAPN

-5.18%

Winner

THYM

+1.33%

JAPN

-12.74%

Winner

THYM

+3.44%

JAPN

-16.55%

THYM

N/A

Max(CAGR)

JAPN

-9.35%

Winner

THYM

+6.48%

JAPN vs THYM - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	JAPN	THYM
2026	-12.57%	+3.05%
2025	+2.79%	+0.27%

JAPN vs THYM 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 THYM was -2.93%, occurring on Mar 27, 2026. Recovery took 46 trading sessions.

The current JAPN drawdown is -22.03%. The current THYM drawdown is -0.52%.

Rank	JAPN	THYM
#1	-23.95% Aug 18, 2025 - Mar 30, 2026	-2.93% Mar 2, 2026 - May 6, 2026
#2	-5.63% Jun 27, 2025 - Aug 6, 2025	-1.30% May 7, 2026 - May 27, 2026
#3	-2.90% May 27, 2025 - Jun 2, 2025	-0.79% Jan 14, 2026 - Feb 2, 2026
#4	-1.52% Jun 12, 2025 - Jun 24, 2025	-0.52% Jun 4, 2026 - Jun 5, 2026
#5	-1.34% May 20, 2025 - May 27, 2025	-0.43% Feb 19, 2026 - Feb 26, 2026
#6	-1.04% Aug 7, 2025 - Aug 18, 2025	-0.41% Nov 28, 2025 - Dec 29, 2025
#7	-1.00% Jun 2, 2025 - Jun 9, 2025	-0.24% Feb 2, 2026 - Feb 9, 2026
#8	-0.36% May 16, 2025 - May 20, 2025	-0.18% Jan 7, 2026 - Jan 14, 2026
#9	-0.07% Jun 24, 2025 - Jun 26, 2025	-0.07% Nov 20, 2025 - Nov 24, 2025
#10	N/A	-0.06% Feb 17, 2026 - Feb 19, 2026
#11	N/A	-0.04% May 27, 2026 - May 29, 2026

Correlation

Correlation between JAPN and THYM is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.66

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