ASEA vs. DXJ

Last updated Aug 2, 2026

ASEA (Global X FTSE Southeast Asia ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, ASEA returned 7.72%/yr vs 19.00%/yr for DXJ. Their 0.45 correlation means their historical movements had little consistent relationship. ASEA charges 0.65%/yr vs 0.48%/yr for DXJ.

Performance

ASEA vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FTSE Southeast Asia ETF (ASEA) 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, ASEA achieves a 17.61% return, which is significantly lower than DXJ's 21.25% return. Over the past 10 years, ASEA has underperformed DXJ with an annualized return of 7.72%, while DXJ has yielded a comparatively higher 19.00% annualized return.

ASEA

• 1D: -0.56%
• 1M: 6.95%
• 6M: 10.72%
• YTD: 17.61%
• 1Y: 32.88%
• 3Y*: 15.21%
• 5Y*: 13.10%
• 10Y*: 7.72%
• ALL TIME*: 5.36%

DXJ

• 1D: -0.73%
• 1M: -0.63%
• 6M: 14.45%
• YTD: 21.25%
• 1Y: 49.27%
• 3Y*: 30.10%
• 5Y*: 27.38%
• 10Y*: 19.00%
• ALL TIME*: 9.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASEA Global X FTSE Southeast Asia ETF	$394.47K	$542.80K	$604.39K
DXJ WisdomTree Japan Hedged Equity Fund	$66.09M	$60.67M	$58.46M

ASEA vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASEA Global X FTSE Southeast Asia ETF	17.61%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	-7.58%	35.06%
DXJ WisdomTree Japan Hedged Equity Fund	21.25%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between ASEA and DXJ is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Feb 17, 2011	0.45

The correlation between ASEA and DXJ shifts across timeframes, from 0.33 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

ASEA vs. DXJ - Sectors Allocation Comparison

Sectors	ASEA	DXJ
Financial Services	60.3%	18.3%
Industrials	15.6%	29.5%
Communication Services	8.0%	2.3%
Utilities	4.3%	0.1%
Energy	3.2%	1.7%
Real Estate	2.8%	-
Healthcare	2.2%	6.8%
Consumer Defensive	2.1%	4.7%
Basic Materials	1.5%	9.1%
Consumer Cyclical	0.7%	13.3%
Technology	-	12.9%

Return for Risk

ASEA vs. DXJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASEA

ASEA Risk / Return Rank: 90
ASEA Sharpe Ratio Rank: 92
ASEA Sortino Ratio Rank: 92
ASEA Omega Ratio Rank: 91
ASEA Calmar Ratio Rank: 92
ASEA Martin Ratio Rank: 83

DXJ

DXJ Risk / Return Rank: 93
DXJ Sharpe Ratio Rank: 94
DXJ Sortino Ratio Rank: 92
DXJ Omega Ratio Rank: 93
DXJ Calmar Ratio Rank: 92
DXJ Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASEA vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) 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.

	ASEA	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.61	-0.18
Sortino ratio: Return per unit of downside risk	3.43	3.40	+0.03
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	4.22	4.30	-0.08
Martin ratio: Return relative to average drawdown	11.27	16.08	-4.80

ASEA vs. DXJ - Sharpe Ratio Comparison

The current ASEA Sharpe Ratio is 2.43, which is comparable to the DXJ Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of ASEA 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

ASEA vs. DXJ - Drawdown Comparison

The maximum ASEA drawdown since its inception was -44.16%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for ASEA and DXJ.

Drawdown Indicators

	ASEA	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-44.16%	-49.63%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-10.98%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	-22.19%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-22.20%	-22.19%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-44.16%	-39.14%	-5.02%
Current Drawdown Current decline from peak	-0.56%	-3.40%	+2.84%
Average Drawdown Average peak-to-trough decline	-10.56%	-14.24%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.93%	+0.17%

Volatility

ASEA vs. DXJ - Volatility Comparison

The current volatility for Global X FTSE Southeast Asia ETF (ASEA) is 3.39%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 6.07%. This indicates that ASEA 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

	ASEA	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	6.07%	-2.68%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	14.35%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.53%	18.07%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	19.07%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	19.93%	-2.44%

ASEA vs. DXJ - Expense Ratio Comparison

ASEA has a 0.65% expense ratio, which is higher than DXJ's 0.48% expense ratio.

Dividends

ASEA vs. DXJ - Dividend Comparison

ASEA's dividend yield for the trailing twelve months is around 3.67%, more than DXJ's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.67%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
DXJ WisdomTree Japan Hedged Equity Fund	0.97%	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 ASEA and DXJ in my portfolio?

ASEA and DXJ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASEA or DXJ?

DXJ has higher volatility (6.07%) compared to ASEA (3.39%). In terms of maximum drawdown, ASEA dropped -44.16% vs DXJ's -49.63%.

Which ETF is better, ASEA or DXJ?

On 10-year performance, DXJ leads with 19.00% vs 7.72% for ASEA. On fees, DXJ is cheaper at 0.48% per year. On volatility, ASEA has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASEA or DXJ?

Over the 10-year period, DXJ has performed better with a 19.00% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASEA or DXJ?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.65% for ASEA.

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

ASEA has the higher dividend yield at 3.67%, compared with 0.97% for DXJ.

What is the main difference between ASEA and DXJ?

ASEA is categorized as Asia Pacific Equities, while DXJ is Japan Equities. ASEA tracks FTSE/ASEAN 40 Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.65% for ASEA and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.61 vs 2.43), 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.