DBJP vs. NBJP

Last updated Jun 24, 2026

DBJP (Xtrackers MSCI Japan Hedged Equity ETF) and NBJP (Neuberger Berman Japan Equity ETF) are both Japan Equities funds. DBJP is passively managed, while NBJP is actively managed. Over the past year, DBJP returned 53.92% vs 38.22% for NBJP. A 0.76 correlation means they provide meaningful diversification when combined. DBJP charges 0.45%/yr vs 0.50%/yr for NBJP.

Performance

DBJP vs. NBJP - Performance Comparison

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

Returns By Period

In the year-to-date period, DBJP achieves a 21.03% return, which is significantly higher than NBJP's 19.75% return.

DBJP

• 1D: -4.33%
• 1M: 3.46%
• YTD: 21.03%
• 6M: 21.10%
• 1Y: 53.92%
• 3Y*: 28.45%
• 5Y*: 21.61%
• 10Y*: 17.47%

NBJP

• 1D: -5.02%
• 1M: 2.82%
• YTD: 19.75%
• 6M: 18.67%
• 1Y: 38.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBJP vs. NBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DBJP Xtrackers MSCI Japan Hedged Equity ETF	21.03%	29.51%	10.39%
NBJP Neuberger Berman Japan Equity ETF	19.75%	30.41%	-2.65%

Correlation

The correlation between DBJP and NBJP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.76

The correlation between DBJP and NBJP has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

DBJP vs. NBJP — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 88
DBJP Sharpe Ratio Rank: 88
DBJP Sortino Ratio Rank: 85
DBJP Omega Ratio Rank: 85
DBJP Calmar Ratio Rank: 90
DBJP Martin Ratio Rank: 91

NBJP

NBJP Risk / Return Rank: 58
NBJP Sharpe Ratio Rank: 59
NBJP Sortino Ratio Rank: 57
NBJP Omega Ratio Rank: 58
NBJP Calmar Ratio Rank: 59
NBJP Martin Ratio Rank: 58

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. NBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Neuberger Berman Japan Equity ETF (NBJP). 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.

	DBJP	NBJP	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.81	+0.91
Sortino ratio: Return per unit of downside risk	3.58	2.48	+1.10
Omega ratio: Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	5.22	2.68	+2.54
Martin ratio: Return relative to average drawdown	19.97	9.51	+10.46

DBJP vs. NBJP - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 2.72, which is higher than the NBJP Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of DBJP and NBJP, 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

DBJP vs. NBJP - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, which is greater than NBJP's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for DBJP and NBJP.

Drawdown Indicators

	DBJP	NBJP	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-14.34%	-16.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-14.34%	+3.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	—	—
Current Drawdown Current decline from peak	-4.33%	-5.02%	+0.69%
Average Drawdown Average peak-to-trough decline	-7.27%	-3.18%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	4.03%	-1.32%

Volatility

DBJP vs. NBJP - Volatility Comparison

The current volatility for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is 7.92%, while Neuberger Berman Japan Equity ETF (NBJP) has a volatility of 9.10%. This indicates that DBJP experiences smaller price fluctuations and is considered to be less risky than NBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	NBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	9.10%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	15.56%	18.37%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	19.90%	21.18%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	20.21%	-1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	20.21%	-0.90%

DBJP vs. NBJP - Expense Ratio Comparison

DBJP has a 0.45% expense ratio, which is lower than NBJP's 0.50% expense ratio.

Dividends

DBJP vs. NBJP - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 1.25%, less than NBJP's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	1.25%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
NBJP Neuberger Berman Japan Equity ETF	1.91%	2.29%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBJP and NBJP in my portfolio?

DBJP and NBJP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBJP or NBJP?

NBJP has higher volatility (9.10%) compared to DBJP (7.92%). In terms of maximum drawdown, DBJP dropped -31.30% vs NBJP's -14.34%.

Which ETF is better, DBJP or NBJP?

On 1-year performance, DBJP leads with 53.92% vs 38.22% for NBJP. On fees, DBJP is cheaper at 0.45% per year. On volatility, DBJP has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBJP or NBJP?

Over the 1-year period, DBJP has performed better with a 53.92% return vs 38.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBJP or NBJP?

DBJP is cheaper with a 0.45% expense ratio, compared with 0.50% for NBJP.

Which ETF pays a higher dividend yield, DBJP or NBJP?

NBJP has the higher dividend yield at 1.91%, compared with 1.25% for DBJP.

What is the main difference between DBJP and NBJP?

They also come from different issuers: Xtrackers and Neuberger Berman. Their fees differ too: 0.45% for DBJP and 0.50% for NBJP.

Which has better risk-adjusted returns?

DBJP currently has the higher Sharpe Ratio (2.72 vs 1.81), 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.