DBJP vs. DXJ
Compare and contrast key facts about Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and WisdomTree Japan Hedged Equity Fund (DXJ).
DBJP and DXJ 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both DBJP and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBJP or DXJ.
Key characteristics
| DBJP | DXJ | |
|---|---|---|
| YTD Return | 23.31% | 25.92% |
| 1Y Return | 24.33% | 25.45% |
| 3Y Return (Ann) | 16.48% | 23.73% |
| 5Y Return (Ann) | 15.40% | 18.72% |
| 10Y Return (Ann) | 10.32% | 11.46% |
| Sharpe Ratio | 1.22 | 1.24 |
| Sortino Ratio | 1.60 | 1.61 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 1.13 | 1.16 |
| Martin Ratio | 3.88 | 4.14 |
| Ulcer Index | 6.28% | 6.24% |
| Daily Std Dev | 19.95% | 20.85% |
| Max Drawdown | -31.30% | -49.63% |
| Current Drawdown | -6.35% | -6.43% |
Correlation
The correlation between DBJP and DXJ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DBJP vs. DXJ - Performance Comparison
In the year-to-date period, DBJP achieves a 23.31% return, which is significantly lower than DXJ's 25.92% return. Over the past 10 years, DBJP has underperformed DXJ with an annualized return of 10.32%, while DXJ has yielded a comparatively higher 11.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBJP vs. DXJ - Expense Ratio Comparison
DBJP has a 0.46% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
DBJP vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) 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.
Dividends
DBJP vs. DXJ - Dividend Comparison
DBJP's dividend yield for the trailing twelve months is around 3.05%, more than DXJ's 2.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 3.05% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% | 10.53% | 1.84% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.34% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
DBJP vs. DXJ - Drawdown Comparison
The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DBJP and DXJ. For additional features, visit the drawdowns tool.
Volatility
DBJP vs. DXJ - Volatility Comparison
Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 5.31% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.