CDE vs. DXJ

Last updated Jun 24, 2026

CDE (Coeur Mining, Inc.) 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, CDE returned 5.08%/yr vs 19.25%/yr for DXJ. At a 0.18 correlation, their price movements are largely independent.

Performance

CDE vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coeur Mining, Inc. (CDE) 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, CDE achieves a -8.37% return, which is significantly lower than DXJ's 20.23% return. Over the past 10 years, CDE has underperformed DXJ with an annualized return of 5.08%, while DXJ has yielded a comparatively higher 19.25% annualized return.

CDE

• 1D: -6.58%
• 1M: -7.43%
• YTD: -8.37%
• 6M: -14.41%
• 1Y: 80.33%
• 3Y*: 80.90%
• 5Y*: 11.93%
• 10Y*: 5.08%

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%

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

CDE vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDE Coeur Mining, Inc.	-8.37%	211.71%	75.46%	-2.98%	-33.33%	-51.30%	28.09%	80.76%	-40.40%	-17.49%
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 CDE and DXJ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.18

The correlation between CDE and DXJ shifts across timeframes, from 0.12 (10 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CDE vs. DXJ — Risk / Return Rank

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

CDE

CDE Risk / Return Rank: 72
CDE Sharpe Ratio Rank: 75
CDE Sortino Ratio Rank: 71
CDE Omega Ratio Rank: 71
CDE Calmar Ratio Rank: 74
CDE Martin Ratio Rank: 71

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 90
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 89
DXJ Martin Ratio Rank: 90

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.

CDE vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coeur Mining, Inc. (CDE) 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.

	CDE	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.12	3.10	-1.97
Sortino ratio: Return per unit of downside risk	1.73	4.02	-2.29
Omega ratio: Gain probability vs. loss probability	1.22	1.55	-0.33
Calmar ratio: Return relative to maximum drawdown	1.87	5.12	-3.24
Martin ratio: Return relative to average drawdown	3.61	19.78	-16.18

CDE vs. DXJ - Sharpe Ratio Comparison

The current CDE Sharpe Ratio is 1.12, which is lower than the DXJ Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of CDE 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

CDE vs. DXJ - Drawdown Comparison

The maximum CDE drawdown since its inception was -99.40%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for CDE and DXJ.

Drawdown Indicators

	CDE	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-49.63%	-49.77%
Max Drawdown (1Y) Largest decline over 1 year	-43.18%	-10.98%	-32.20%
Max Drawdown (3Y) Largest decline over 3 years	-43.18%	-22.19%	-20.99%
Max Drawdown (5Y) Largest decline over 5 years	-77.44%	-22.19%	-55.25%
Max Drawdown (10Y) Largest decline over 10 years	-87.42%	-39.14%	-48.28%
Current Drawdown Current decline from peak	-94.34%	-3.57%	-90.77%
Average Drawdown Average peak-to-trough decline	-81.50%	-14.30%	-67.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.36%	2.83%	+19.53%

Volatility

CDE vs. DXJ - Volatility Comparison

Coeur Mining, Inc. (CDE) has a higher volatility of 22.87% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.28%. This indicates that CDE'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

	CDE	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.87%	6.28%	+16.59%
Volatility (6M) Calculated over the trailing 6-month period	55.89%	14.08%	+41.81%
Volatility (1Y) Calculated over the trailing 1-year period	72.05%	18.14%	+53.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.53%	19.08%	+49.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	20.00%	+48.92%

Dividends

CDE vs. DXJ - Dividend Comparison

CDE's dividend yield for the trailing twelve months is around 0.12%, less than DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDE Coeur Mining, Inc.	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	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 CDE and DXJ in my portfolio?

CDE and DXJ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDE or DXJ?

CDE has higher volatility (22.87%) compared to DXJ (6.28%). In terms of maximum drawdown, CDE dropped -99.40% vs DXJ's -49.63%.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.10 vs 1.12), 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.