ADVE vs. DXJ

Last updated Jul 14, 2026

ADVE (Matthews Asia Dividend Active ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - ADVE is a Asia Pacific Equities fund actively managed by Matthews, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. ADVE is actively managed, while DXJ is passively managed. Over the past year, ADVE returned 30.26% vs 54.82% for DXJ. A 0.57 correlation means they provide meaningful diversification when combined. ADVE charges 0.79%/yr vs 0.48%/yr for DXJ.

Performance

ADVE vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Dividend Active ETF (ADVE) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVE achieves a 15.93% return, which is significantly lower than DXJ's 22.23% return.

ADVE

• 1D: -1.69%
• 1M: -2.43%
• 6M: 10.57%
• YTD: 15.93%
• 1Y: 30.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXJ

• 1D: -0.98%
• 1M: 2.95%
• 6M: 14.85%
• YTD: 22.23%
• 1Y: 54.82%
• 3Y*: 32.72%
• 5Y*: 27.03%
• 10Y*: 18.62%

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

ADVE vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	15.93%	26.12%	7.02%	4.58%
DXJ WisdomTree Japan Hedged Equity Fund	22.23%	32.78%	29.83%	0.08%

Correlation

The correlation between ADVE and DXJ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.57

The correlation between ADVE and DXJ has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

ADVE vs. DXJ - Sectors Allocation Comparison

Sectors	ADVE	DXJ
Technology	29.3%	13.4%
Financial Services	27.7%	18.3%
Industrials	12.2%	27.4%
Communication Services	12.0%	2.3%
Consumer Cyclical	5.8%	15.5%
Basic Materials	4.1%	8.5%
Real Estate	3.4%	-
Consumer Defensive	2.7%	4.7%
Energy	1.0%	1.7%
Utilities	0.9%	0.1%
Healthcare	0.9%	6.8%

Return for Risk

ADVE vs. DXJ — Risk / Return Rank

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

ADVE

ADVE Risk / Return Rank: 63
ADVE Sharpe Ratio Rank: 60
ADVE Sortino Ratio Rank: 58
ADVE Omega Ratio Rank: 64
ADVE Calmar Ratio Rank: 65
ADVE Martin Ratio Rank: 65

DXJ

DXJ Risk / Return Rank: 94
DXJ Sharpe Ratio Rank: 95
DXJ Sortino Ratio Rank: 94
DXJ Omega Ratio Rank: 94
DXJ Calmar Ratio Rank: 93
DXJ Martin Ratio Rank: 93

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.

ADVE vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Dividend Active ETF (ADVE) 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.

	ADVE	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.59	3.02	-1.42
Sortino ratio: Return per unit of downside risk	2.21	3.93	-1.72
Omega ratio: Gain probability vs. loss probability	1.30	1.54	-0.24
Calmar ratio: Return relative to maximum drawdown	2.59	5.02	-2.43
Martin ratio: Return relative to average drawdown	9.32	19.10	-9.78

ADVE vs. DXJ - Sharpe Ratio Comparison

The current ADVE Sharpe Ratio is 1.59, which is lower than the DXJ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of ADVE 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

ADVE vs. DXJ - Drawdown Comparison

The maximum ADVE drawdown since its inception was -18.41%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for ADVE and DXJ.

Drawdown Indicators

	ADVE	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-49.63%	+31.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-10.98%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-5.18%	-2.62%	-2.56%
Average Drawdown Average peak-to-trough decline	-3.20%	-14.27%	+11.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.88%	+0.38%

Volatility

ADVE vs. DXJ - Volatility Comparison

Matthews Asia Dividend Active ETF (ADVE) has a higher volatility of 7.77% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.56%. This indicates that ADVE's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVE	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	6.56%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	14.47%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.14%	18.30%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	19.06%	-2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	19.93%	-3.54%

ADVE vs. DXJ - Expense Ratio Comparison

ADVE has a 0.79% expense ratio, which is higher than DXJ's 0.48% expense ratio.

Dividends

ADVE vs. DXJ - Dividend Comparison

ADVE's dividend yield for the trailing twelve months is around 2.22%, more than DXJ's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVE Matthews Asia Dividend Active ETF	2.22%	2.97%	6.00%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	0.96%	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 ADVE and DXJ in my portfolio?

ADVE and DXJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVE or DXJ?

ADVE has higher volatility (7.77%) compared to DXJ (6.56%). In terms of maximum drawdown, ADVE dropped -18.41% vs DXJ's -49.63%.

Which ETF is better, ADVE or DXJ?

On 1-year performance, DXJ leads with 54.82% vs 30.26% for ADVE. On fees, DXJ is cheaper at 0.48% per year. On volatility, DXJ has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADVE or DXJ?

Over the 1-year period, DXJ has performed better with a 54.82% return vs 30.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADVE or DXJ?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.79% for ADVE.

Which ETF pays a higher dividend yield, ADVE or DXJ?

ADVE has the higher dividend yield at 2.22%, compared with 0.96% for DXJ.

What is the main difference between ADVE and DXJ?

ADVE is categorized as Asia Pacific Equities, while DXJ is Japan Equities. They also come from different issuers: Matthews and WisdomTree. Their fees differ too: 0.79% for ADVE and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.02 vs 1.59), 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.