- ISIN
- US97717X7012
- CUSIP
- 97717X701
- Issuer
- WisdomTree
- Inception Date
- Dec 31, 2009
- Region
- Developed Europe (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- WisdomTree Europe Hedged Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 59K
- Avg. Volume Value (1M)
- $3.36M
Share Price Chart
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Performance
HEDJ Performance Chart
WisdomTree Europe Hedged Equity Fund (HEDJ) is up 8.6% since the beginning of the year. HEDJ is currently trading at $57 per share. Investors who bought $1,000 worth of HEDJ shares 5 years ago would now be looking at an investment worth $1,668.
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Returns By Period
WisdomTree Europe Hedged Equity Fund (HEDJ) has returned 8.59% so far this year and 21.05% over the past 12 months. Over the last ten years, HEDJ has returned 10.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
WisdomTree Europe Hedged Equity Fund
- 1D
- -0.87%
- 1M
- -0.79%
- 6M
- 6.02%
- YTD
- 8.59%
- 1Y
- 21.05%
- 3Y*
- 13.72%
- 5Y*
- 10.78%
- 10Y*
- 10.96%
- ALL TIME*
- 8.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HEDJ Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2009, HEDJ's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 63% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +12.8%, while the worst month was Mar 2020 at -17.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HEDJ closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.43% | 3.24% | -6.79% | 4.40% | 3.50% | 2.63% | -0.65% | 8.59% | |||||
| 2025 | 7.69% | 4.40% | -3.40% | -0.48% | 4.80% | -1.14% | 1.31% | 1.85% | 1.57% | 2.72% | 0.87% | 1.61% | 23.55% |
| 2024 | 1.28% | 6.73% | 4.27% | -3.62% | 2.13% | -2.54% | -2.06% | 1.58% | -0.09% | -3.72% | 0.39% | 1.33% | 5.28% |
| 2023 | 10.52% | 3.71% | 2.52% | 0.33% | -2.68% | 5.12% | 2.31% | -3.22% | -2.36% | -3.06% | 8.20% | 3.75% | 26.89% |
| 2022 | -2.72% | -6.33% | 0.87% | -1.25% | 2.06% | -9.57% | 7.86% | -6.38% | -5.77% | 9.15% | 9.43% | -5.56% | -10.09% |
| 2021 | -0.11% | 1.04% | 8.85% | 1.62% | 2.69% | 1.75% | 2.31% | 2.03% | -4.27% | 3.85% | -3.24% | 5.47% | 23.54% |
Benchmark Metrics
WisdomTree Europe Hedged Equity Fund has an annualized alpha of -1.11%, beta of 0.87, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 31, 2009.
- This ETF participated in 86.31% of S&P 500 Index downside but only 75.59% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.11%
- Beta
- 0.87
- R²
- 0.64
- Upside Capture
- 75.59%
- Downside Capture
- 86.31%
Expense Ratio
HEDJ has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HEDJ ranks 47 for risk / return — above 47% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HEDJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.00 | -0.46 |
| Martin ratioReturn relative to average drawdown | 6.28 | 8.49 | -2.21 |
Dividends
Dividend History
WisdomTree Europe Hedged Equity Fund provided a 1.79% dividend yield over the last twelve months, with an annual payout of $1.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.02 | $0.87 | $1.43 | $1.42 | $0.99 | $0.83 | $0.88 | $0.64 | $0.77 | $0.72 | $0.79 | $2.54 |
Dividend yield | 1.79% | 1.63% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.74% | 9.43% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree Europe Hedged Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.00 | $0.99 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.26 | $1.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $1.42 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.22 | $0.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Europe Hedged Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Europe Hedged Equity Fund was 38.18%, occurring on Mar 16, 2020. Recovery took 248 trading sessions.
The current WisdomTree Europe Hedged Equity Fund drawdown is 1.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.18%Mar 2020 | 1mo 2d | 11mo 29d | 1y 26dFeb 2020 - Mar 2021 | COVID crash2020 |
-26.08%Feb 2016 | 10mo 4d | 1y 27d | 1y 11moApr 2015 - Mar 2017 | — |
-22.17%Sep 2022 | 8mo 27d | 4mo 19d | 1y 1moJan 2022 - Feb 2023 | Bear market2022 |
-21.95%Sep 2011 | 7mo 6d | 1y 2mo | 1y 9moFeb 2011 - Dec 2012 | — |
-16.96%Dec 2018 | 7mo 5d | 3mo 12d | 10mo 17dMay 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| HEDJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.18% | -56.78% | +18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -9.10% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -18.90% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -25.43% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.18% | -33.92% | -4.26% |
Current DrawdownCurrent decline from peak | -1.22% | -1.58% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -10.70% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.14% | +0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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