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WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) Sharpe Ratio: 3.08
Delisted

ETF · Currency in USD · Last updated Jun 24, 2026

DXJS is a passive ETF by WisdomTree tracking the investment results of the WisdomTree Japan Hedged SmallCap Equity Index. DXJS launched on Jun 28, 2013 and has a 0.58% expense ratio.

DXJS's Sharpe Ratio of 3.08 indicates that for each unit of volatility, it generates 3.08 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

DXJS Sharpe Ratio Market Positioning

The chart shows DXJS's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.99+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares WisdomTree Japan Hedged SmallCap Equity Fund's Sharpe Ratio with other ETFs in the Japan Equities category across multiple time periods, showing how DXJS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DXJWisdomTree Japan Hedged Equity Fund3.10
OPPJWisdomTree Japan Opportunities ETF3.09
DBJPXtrackers MSCI Japan Hedged Equity ETF2.72
HEWJiShares Currency Hedged MSCI Japan ETF2.69
FLJHFranklin FTSE Japan Hedged ETF2.49
EWJViShares MSCI Japan Value ETF1.90
SCJiShares MSCI Japan Small Cap ETF1.83
NBJPNeuberger Berman Japan Equity ETF1.81
DFJWisdomTree Japan SmallCap Dividend Fund1.76
FLJPFranklin FTSE Japan ETF1.71
DXJSWisdomTree Japan Hedged SmallCap Equity Fund—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DXJS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DXJS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does DXJS fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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