BDNNY vs. DXJ
BDNNY (Boliden AB ADR) 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, BDNNY returned 15.86%/yr vs 19.57%/yr for DXJ. At a 0.21 correlation, their price movements are largely independent.
Performance
BDNNY vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, BDNNY achieves a 2.84% return, which is significantly lower than DXJ's 20.68% return. Over the past 10 years, BDNNY has underperformed DXJ with an annualized return of 15.86%, while DXJ has yielded a comparatively higher 19.57% annualized return.
BDNNY
- 1D
- 2.86%
- 1M
- -7.96%
- YTD
- 2.84%
- 6M
- 4.79%
- 1Y
- 91.14%
- 3Y*
- 26.21%
- 5Y*
- 11.84%
- 10Y*
- 15.86%
DXJ
- 1D
- 0.23%
- 1M
- 1.56%
- YTD
- 20.68%
- 6M
- 21.33%
- 1Y
- 56.48%
- 3Y*
- 31.79%
- 5Y*
- 26.39%
- 10Y*
- 19.57%
BDNNY vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDNNY Boliden AB ADR | 2.84% | 99.12% | -9.06% | -10.79% | 2.01% | 16.35% | 40.33% | 16.52% | -32.29% | 36.21% |
DXJ WisdomTree Japan Hedged Equity Fund | 20.68% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between BDNNY and DXJ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | 0.21 |
Over the past year, BDNNY and DXJ have become more correlated (0.45) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
BDNNY vs. DXJ — Risk / Return Rank
BDNNY
DXJ
BDNNY vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boliden AB ADR (BDNNY) 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.
| BDNNY | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.56 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 5.17 | -2.88 |
| Martin ratioReturn relative to average drawdown | 5.98 | 19.89 | -13.91 |
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Drawdowns
BDNNY vs. DXJ - Drawdown Comparison
The maximum BDNNY drawdown since its inception was -55.33%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for BDNNY and DXJ.
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Drawdown Indicators
| BDNNY | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.33% | -49.63% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -39.97% | -10.98% | -28.99% |
Max Drawdown (3Y)Largest decline over 3 years | -39.97% | -22.19% | -17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -22.19% | -25.52% |
Max Drawdown (10Y)Largest decline over 10 years | -55.33% | -39.14% | -16.19% |
Current DrawdownCurrent decline from peak | -29.24% | -3.21% | -26.03% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -14.30% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 2.85% | +12.44% |
Volatility
BDNNY vs. DXJ - Volatility Comparison
Boliden AB ADR (BDNNY) has a higher volatility of 16.72% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.21%. This indicates that BDNNY'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.
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Volatility by Period
| BDNNY | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.72% | 6.21% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 44.81% | 13.93% | +30.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.01% | 18.14% | +30.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.98% | 19.07% | +25.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.12% | 19.99% | +29.13% |
Dividends
BDNNY vs. DXJ - Dividend Comparison
BDNNY's dividend yield for the trailing twelve months is around 2.14%, more than DXJ's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDNNY Boliden AB ADR | 2.14% | 0.00% | 2.62% | 8.16% | 7.07% | 6.73% | 1.91% | 5.22% | 0.00% | 0.00% | 0.00% | 0.00% |
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
BDNNY and DXJ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDNNY has higher volatility (16.72%) compared to DXJ (6.21%). In terms of maximum drawdown, BDNNY dropped -55.33% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (3.13 vs 1.87), 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.
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