^UTY vs. DXJ
^UTY (PHLX Utility Sector Index) is an index, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, ^UTY returned 5.93%/yr vs 19.25%/yr for DXJ. At a 0.29 correlation, their price movements are largely independent.
Performance
^UTY vs. DXJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ^UTY achieves a 6.10% return, which is significantly lower than DXJ's 20.23% return. Over the past 10 years, ^UTY has underperformed DXJ with an annualized return of 5.93%, while DXJ has yielded a comparatively higher 19.25% annualized return.
^UTY
- 1D
- 0.97%
- 1M
- -0.53%
- YTD
- 6.10%
- 6M
- 6.28%
- 1Y
- 11.86%
- 3Y*
- 10.50%
- 5Y*
- 6.60%
- 10Y*
- 5.93%
DXJ
- 1D
- -3.57%
- 1M
- 2.21%
- YTD
- 20.23%
- 6M
- 20.18%
- 1Y
- 55.89%
- 3Y*
- 31.66%
- 5Y*
- 26.40%
- 10Y*
- 19.25%
^UTY vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^UTY PHLX Utility Sector Index | 6.10% | 13.45% | 16.89% | -12.33% | -2.35% | 14.64% | -0.62% | 22.62% | -0.16% | 8.96% |
DXJ WisdomTree Japan Hedged Equity Fund | 20.23% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between ^UTY and DXJ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.29 |
The correlation between ^UTY and DXJ shifts across timeframes, from 0.12 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^UTY vs. DXJ — Risk / Return Rank
^UTY
DXJ
^UTY vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) and WisdomTree Japan Hedged Equity Fund (DXJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ^UTY | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.55 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 5.12 | -3.83 |
| Martin ratioReturn relative to average drawdown | 2.72 | 19.78 | -17.07 |
Loading charts...
Drawdowns
^UTY vs. DXJ - Drawdown Comparison
The maximum ^UTY drawdown since its inception was -48.16%, roughly equal to the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for ^UTY and DXJ.
Loading charts...
Drawdown Indicators
| ^UTY | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.16% | -49.63% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -10.98% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -22.19% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -22.19% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | -39.14% | +3.04% |
Current DrawdownCurrent decline from peak | -4.69% | -3.57% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -12.45% | -14.30% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.83% | +1.54% |
Volatility
^UTY vs. DXJ - Volatility Comparison
The current volatility for PHLX Utility Sector Index (^UTY) is 5.49%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 6.28%. This indicates that ^UTY experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^UTY | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 6.28% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 14.08% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 18.14% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 19.08% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 20.00% | -0.45% |
Frequently Asked Questions
^UTY and DXJ have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJ has higher volatility (6.28%) compared to ^UTY (5.49%). In terms of maximum drawdown, ^UTY dropped -48.16% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (3.10 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ^UTY and DXJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer