DBJP vs. OPPJ
DBJP (Xtrackers MSCI Japan Hedged Equity ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both Japan Equities funds - DBJP tracks the MSCI Japan US Dollar Hedged Index while OPPJ tracks the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, DBJP returned 16.54%/yr vs 17.36%/yr for OPPJ. Their correlation of 0.85 suggests significant overlap in exposure. DBJP charges 0.45%/yr vs 0.58%/yr for OPPJ.
Performance
DBJP vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, DBJP achieves a 20.51% return, which is significantly lower than OPPJ's 26.16% return. Both investments have delivered pretty close results over the past 10 years, with DBJP having a 16.54% annualized return and OPPJ not far ahead at 17.36%.
DBJP
- 1D
- 0.81%
- 1M
- 8.88%
- YTD
- 20.51%
- 6M
- 24.02%
- 1Y
- 52.66%
- 3Y*
- 29.04%
- 5Y*
- 21.44%
- 10Y*
- 16.54%
OPPJ
- 1D
- -0.02%
- 1M
- 2.99%
- YTD
- 26.16%
- 6M
- 32.96%
- 1Y
- 64.97%
- 3Y*
- 34.91%
- 5Y*
- 25.18%
- 10Y*
- 17.36%
DBJP vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 20.51% | 29.51% | 25.53% | 36.21% | -4.19% | 13.04% | 10.53% | 20.87% | -14.82% | 21.24% |
OPPJ WisdomTree Japan Opportunities ETF | 26.16% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between DBJP and OPPJ is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013 | 0.85 |
The correlation between DBJP and OPPJ has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
DBJP vs. OPPJ — Risk / Return Rank
DBJP
OPPJ
DBJP vs. OPPJ - 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 Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.55 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 6.65 | -1.55 |
| Martin ratioReturn relative to average drawdown | 19.86 | 23.90 | -4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBJP | OPPJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 3.33 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.40 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.88 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.76 | -0.07 |
Drawdowns
DBJP vs. OPPJ - Drawdown Comparison
The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for DBJP and OPPJ.
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Drawdown Indicators
| DBJP | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.30% | -39.30% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -9.82% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -16.49% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -16.49% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -31.30% | -39.30% | +8.00% |
Current DrawdownCurrent decline from peak | 0.00% | -4.27% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -6.49% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.73% | -0.07% |
Volatility
DBJP vs. OPPJ - Volatility Comparison
The current volatility for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is 3.85%, while WisdomTree Japan Opportunities ETF (OPPJ) has a volatility of 5.08%. This indicates that DBJP experiences smaller price fluctuations and is considered to be less risky than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBJP | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 5.08% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 15.39% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.69% | 19.64% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 18.05% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.46% | 19.71% | -0.25% |
DBJP vs. OPPJ - Expense Ratio Comparison
DBJP has a 0.45% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
DBJP vs. OPPJ - Dividend Comparison
DBJP's dividend yield for the trailing twelve months is around 2.34%, more than OPPJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 2.34% | 2.81% | 2.80% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
DBJP and OPPJ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (5.08%) compared to DBJP (3.85%). In terms of maximum drawdown, DBJP dropped -31.30% vs OPPJ's -39.30%.
On 10-year performance, OPPJ leads with 17.36% vs 16.54% for DBJP. On fees, DBJP is cheaper at 0.45% per year. On volatility, DBJP has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OPPJ has performed better with a 17.36% return vs 16.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBJP is cheaper with a 0.45% expense ratio, compared with 0.58% for OPPJ.
DBJP has the higher dividend yield at 2.34%, compared with 1.50% for OPPJ.
DBJP tracks MSCI Japan US Dollar Hedged Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.45% for DBJP and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (3.33 vs 2.83), 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.
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