PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

WisdomTree Europe Hedged Equity Fund (HEDJ) Sharpe Ratio: 1.46

ETF · Currency in USD · Last updated Jun 23, 2026

HEDJ is a passive ETF by WisdomTree tracking the investment results of the WisdomTree Europe Hedged Equity Index. HEDJ launched on Dec 31, 2009 and has a 0.58% expense ratio.

HEDJ's Sharpe Ratio of 1.46 indicates that for each unit of volatility, it generates 1.46 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 23, 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.

HEDJ Sharpe Ratio Rank

HEDJ Sharpe Ratio Rank: 42.843
Average

HEDJ ranks above 42.8% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

HEDJ Sharpe Ratio Market Positioning

The chart shows HEDJ'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%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.45+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares WisdomTree Europe Hedged Equity Fund's Sharpe Ratio with other ETFs in the Europe Equities category across multiple time periods, showing how HEDJ'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 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
EWOiShares MSCI Austria ETF2.99
EWPiShares MSCI Spain ETF2.33
FDDFirst Trust STOXX European Select Dividend Index Fund2.12
EFNLiShares MSCI Finland ETF2.11
EWNiShares MSCI Netherlands ETF2.08
RFEUFirst Trust RiverFront Dynamic Europe ETF1.94
OPPEWisdomTree European Opportunities Fund1.94
DBEUXtrackers MSCI Europe Hedged Equity Fund1.92
EWIiShares MSCI Italy ETF1.90
HEZUiShares Currency Hedged MSCI Eurozone ETF1.87
HEDJWisdomTree Europe Hedged Equity Fund1.46

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HEDJ'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 HEDJ consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does HEDJ fit in your portfolio?

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

Analyze Your Portfolio