DBJP vs. DFJ

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and WisdomTree Japan SmallCap Dividend Fund (DFJ).

DBJP and DFJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011. DFJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan SmallCap Dividend Index. It was launched on Jun 16, 2006. Both DBJP and DFJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBJP vs. DFJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and WisdomTree Japan SmallCap Dividend Fund (DFJ). The values are adjusted to include any dividend payments, if applicable.

DBJP vs. DFJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBJP Xtrackers MSCI Japan Hedged Equity ETF	6.72%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%
DFJ WisdomTree Japan SmallCap Dividend Fund	5.94%	31.90%	2.80%	21.81%	-9.00%	0.38%	1.29%	16.98%	-18.53%	32.14%

Returns By Period

In the year-to-date period, DBJP achieves a 6.72% return, which is significantly higher than DFJ's 5.94% return. Over the past 10 years, DBJP has outperformed DFJ with an annualized return of 15.16%, while DFJ has yielded a comparatively lower 9.09% annualized return.

DBJP

• 1D: 2.55%
• 1M: -6.59%
• YTD: 6.72%
• 6M: 18.90%
• 1Y: 40.80%
• 3Y*: 28.75%
• 5Y*: 18.47%
• 10Y*: 15.16%

DFJ

• 1D: 3.53%
• 1M: -9.59%
• YTD: 5.94%
• 6M: 9.16%
• 1Y: 32.42%
• 3Y*: 17.78%
• 5Y*: 8.69%
• 10Y*: 9.09%

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

DBJP vs. DFJ - Expense Ratio Comparison

DBJP has a 0.46% expense ratio, which is lower than DFJ's 0.58% expense ratio.

DFJ

WisdomTree Japan SmallCap Dividend Fund

DBJP

Xtrackers MSCI Japan Hedged Equity ETF

Return for Risk

DBJP vs. DFJ — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 89
DBJP Sharpe Ratio Rank: 86
DBJP Sortino Ratio Rank: 88
DBJP Omega Ratio Rank: 88
DBJP Calmar Ratio Rank: 91
DBJP Martin Ratio Rank: 92

DFJ

DFJ Risk / Return Rank: 86
DFJ Sharpe Ratio Rank: 89
DFJ Sortino Ratio Rank: 90
DFJ Omega Ratio Rank: 86
DFJ Calmar Ratio Rank: 84
DFJ Martin Ratio Rank: 81

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.

DBJP vs. DFJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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.

	DBJP	DFJ	Difference
Sharpe ratio Return per unit of total volatility	1.74	1.88	-0.13
Sortino ratio Return per unit of downside risk	2.40	2.54	-0.14
Omega ratio Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio Return relative to maximum drawdown	3.16	2.41	+0.75
Martin ratio Return relative to average drawdown	12.34	8.69	+3.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBJP vs. DFJ - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 1.74, which is comparable to the DFJ Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DBJP and DFJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBJP	DFJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.88	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.55	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.54	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.30	+0.34

Correlation

The correlation between DBJP and DFJ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DBJP vs. DFJ - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 2.64%, more than DFJ's 2.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.64%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
DFJ WisdomTree Japan SmallCap Dividend Fund	2.51%	2.68%	2.46%	2.43%	2.62%	2.07%	2.59%	2.24%	1.89%	1.60%	1.76%	1.23%

Drawdowns

DBJP vs. DFJ - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum DFJ drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for DBJP and DFJ.

Drawdown Indicators

	DBJP	DFJ	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-46.00%	+14.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-13.03%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-29.71%	+8.21%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-40.02%	+8.72%
Current Drawdown Current decline from peak	-7.24%	-9.59%	+2.35%
Average Drawdown Average peak-to-trough decline	-7.35%	-11.19%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.62%	-0.41%

Volatility

DBJP vs. DFJ - Volatility Comparison

Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a higher volatility of 8.10% compared to WisdomTree Japan SmallCap Dividend Fund (DFJ) at 7.65%. This indicates that DBJP's price experiences larger fluctuations and is considered to be riskier than DFJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	DFJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	7.65%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	12.62%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	23.52%	17.39%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	15.75%	+3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	16.90%	+2.87%