DBJP vs. MSCI

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and MSCI Inc. (MSCI).

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.

Performance

DBJP vs. MSCI - Performance Comparison

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

DBJP vs. MSCI - 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%
MSCI MSCI Inc.	-5.68%	-3.17%	7.31%	22.90%	-23.34%	38.14%	74.38%	77.19%	17.95%	62.63%

Returns By Period

In the year-to-date period, DBJP achieves a 6.72% return, which is significantly higher than MSCI's -5.68% return. Over the past 10 years, DBJP has underperformed MSCI with an annualized return of 15.16%, while MSCI has yielded a comparatively higher 23.21% 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%

MSCI

• 1D: 1.34%
• 1M: -5.74%
• YTD: -5.68%
• 6M: -4.33%
• 1Y: -3.40%
• 3Y*: -0.04%
• 5Y*: 5.82%
• 10Y*: 23.21%

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

Return for Risk

DBJP vs. MSCI — 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

MSCI

MSCI Risk / Return Rank: 35
MSCI Sharpe Ratio Rank: 37
MSCI Sortino Ratio Rank: 32
MSCI Omega Ratio Rank: 32
MSCI Calmar Ratio Rank: 38
MSCI Martin Ratio Rank: 37

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. MSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and MSCI Inc. (MSCI). 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	MSCI	Difference
Sharpe ratio Return per unit of total volatility	1.74	-0.11	+1.86
Sortino ratio Return per unit of downside risk	2.40	0.05	+2.35
Omega ratio Gain probability vs. loss probability	1.35	1.01	+0.34
Calmar ratio Return relative to maximum drawdown	3.16	-0.12	+3.28
Martin ratio Return relative to average drawdown	12.34	-0.34	+12.67
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. MSCI - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 1.74, which is higher than the MSCI Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of DBJP and MSCI, 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	MSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.11	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.19	+0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.75	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.53	+0.11

Correlation

The correlation between DBJP and MSCI is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DBJP vs. MSCI - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 2.64%, more than MSCI's 1.38% 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%
MSCI MSCI Inc.	1.38%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%

Drawdowns

DBJP vs. MSCI - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for DBJP and MSCI.

Drawdown Indicators

	DBJP	MSCI	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-69.06%	+37.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-18.07%	+5.96%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-43.74%	+22.24%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-43.74%	+12.44%
Current Drawdown Current decline from peak	-7.24%	-16.20%	+8.96%
Average Drawdown Average peak-to-trough decline	-7.35%	-13.12%	+5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	6.48%	-3.27%

Volatility

DBJP vs. MSCI - Volatility Comparison

Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a higher volatility of 8.10% compared to MSCI Inc. (MSCI) at 6.58%. This indicates that DBJP's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	6.58%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	21.10%	-6.48%
Volatility (1Y) Calculated over the trailing 1-year period	23.52%	30.07%	-6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	30.55%	-11.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	31.03%	-11.26%