0941.HK vs. DXJ

Last updated Jun 13, 2026

0941.HK (China Mobile Ltd) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, 0941.HK returned 5.35%/yr vs 18.84%/yr for DXJ. At a 0.15 correlation, their price movements are largely independent.

Performance

0941.HK vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Mobile Ltd (0941.HK) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0941.HK is traded in HKD, while DXJ is traded in USD. To make them comparable, the DXJ values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0941.HK achieves a 3.19% return, which is significantly lower than DXJ's 19.53% return. Over the past 10 years, 0941.HK has underperformed DXJ with an annualized return of 5.35%, while DXJ has yielded a comparatively higher 18.84% annualized return.

0941.HK

• 1D: -0.06%
• 1M: -2.59%
• YTD: 3.19%
• 6M: -2.54%
• 1Y: -0.42%
• 3Y*: 15.94%
• 5Y*: 19.04%
• 10Y*: 5.35%

DXJ

• 1D: 0.72%
• 1M: -0.14%
• YTD: 19.53%
• 6M: 20.63%
• 1Y: 53.06%
• 3Y*: 30.92%
• 5Y*: 26.25%
• 10Y*: 18.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

0941.HK vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0941.HK China Mobile Ltd	3.19%	13.20%	26.39%	34.44%	21.03%	13.23%	-28.53%	-9.29%	-0.39%	-0.36%
DXJ WisdomTree Japan Hedged Equity Fund	19.53%	33.03%	29.16%	42.02%	6.14%	18.63%	3.47%	18.32%	-19.61%	23.75%

Correlation

The correlation between 0941.HK and DXJ is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.15

The correlation between 0941.HK and DXJ shifts across timeframes, from -0.08 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

0941.HK vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0941.HK

0941.HK Risk / Return Rank: 38
0941.HK Sharpe Ratio Rank: 41
0941.HK Sortino Ratio Rank: 33
0941.HK Omega Ratio Rank: 32
0941.HK Calmar Ratio Rank: 41
0941.HK Martin Ratio Rank: 41

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 93
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 90
DXJ Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0941.HK vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Mobile Ltd (0941.HK) 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.

	0941.HK	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	3.00	-3.04
Sortino ratio: Return per unit of downside risk	0.03	4.00	-3.97
Omega ratio: Gain probability vs. loss probability	1.00	1.54	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.03	4.92	-4.96
Martin ratio: Return relative to average drawdown	-0.07	19.13	-19.20

0941.HK vs. DXJ - Sharpe Ratio Comparison

The current 0941.HK Sharpe Ratio is -0.04, which is lower than the DXJ Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of 0941.HK and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

0941.HK vs. DXJ - Drawdown Comparison

The maximum 0941.HK drawdown since its inception was -65.24%, which is greater than DXJ's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for 0941.HK and DXJ.

Drawdown Indicators

	0941.HK	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-65.24%	-47.98%	-17.26%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-10.84%	-1.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-22.42%	+9.65%
Max Drawdown (5Y) Largest decline over 5 years	-16.58%	-22.42%	+5.84%
Max Drawdown (10Y) Largest decline over 10 years	-49.33%	-39.55%	-9.78%
Current Drawdown Current decline from peak	-5.11%	-1.33%	-3.78%
Average Drawdown Average peak-to-trough decline	-29.78%	-14.17%	-15.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	2.78%	+3.36%

Volatility

0941.HK vs. DXJ - Volatility Comparison

The current volatility for China Mobile Ltd (0941.HK) is 2.08%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.63%. This indicates that 0941.HK 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.

Volatility by Period

	0941.HK	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	4.63%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	13.60%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	17.78%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	19.05%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	20.17%	+0.09%

Dividends

0941.HK vs. DXJ - Dividend Comparison

0941.HK's dividend yield for the trailing twelve months is around 6.44%, more than DXJ's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0941.HK China Mobile Ltd	6.44%	6.41%	6.53%	7.16%	8.95%	7.24%	7.36%	4.45%	4.52%	3.62%	3.27%	3.32%
DXJ WisdomTree Japan Hedged Equity Fund	1.09%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Frequently Asked Questions

Can I hold both 0941.HK and DXJ in my portfolio?

0941.HK and DXJ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.