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DFJ vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFJ vs. DHS

Last updated Jun 4, 2026

DFJ (WisdomTree Japan SmallCap Dividend Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - DFJ is a Japan Equities fund tracking the WisdomTree Japan SmallCap Dividend Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, DFJ returned 8.70%/yr vs 9.47%/yr for DHS. A 0.52 correlation means they provide meaningful diversification when combined. DFJ charges 0.58%/yr vs 0.38%/yr for DHS.

Performance

DFJ vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan SmallCap Dividend Fund (DFJ) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFJ achieves a 9.06% return, which is significantly lower than DHS's 9.88% return. Over the past 10 years, DFJ has underperformed DHS with an annualized return of 8.70%, while DHS has yielded a comparatively higher 9.47% annualized return.

DFJ

1D
-0.46%
1M
2.01%
YTD
9.06%
6M
12.58%
1Y
26.81%
3Y*
18.99%
5Y*
9.51%
10Y*
8.70%

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFJ vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DFJ
WisdomTree Japan SmallCap Dividend Fund		9.06%31.90%2.80%21.81%-9.00%0.38%1.29%16.98%-18.53%32.14%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between DFJ and DHS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2006

0.52

The correlation between DFJ and DHS shifts across timeframes, from 0.39 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

DFJ vs. DHS - Sectors Allocation Comparison

Sectors
DFJ
DHS

Industrials

27.0%
4.1%

Consumer Cyclical

16.1%
5.0%

Basic Materials

13.3%
1.2%

Financial Services

13.3%
22.3%

Technology

12.6%
3.7%

Consumer Defensive

7.1%
18.7%

Healthcare

4.1%
14.5%

Real Estate

2.9%
2.8%

Utilities

1.6%
9.0%

Communication Services

1.5%
9.3%

Energy

0.6%
9.4%

Industrials

DFJ
27.0%
DHS
4.1%

Consumer Cyclical

DFJ
16.1%
DHS
5.0%

Basic Materials

DFJ
13.3%
DHS
1.2%

Financial Services

DFJ
13.3%
DHS
22.3%

Technology

DFJ
12.6%
DHS
3.7%

Consumer Defensive

DFJ
7.1%
DHS
18.7%

Healthcare

DFJ
4.1%
DHS
14.5%

Real Estate

DFJ
2.9%
DHS
2.8%

Utilities

DFJ
1.6%
DHS
9.0%

Communication Services

DFJ
1.5%
DHS
9.3%

Energy

DFJ
0.6%
DHS
9.4%

Compare stocks, funds, or ETFs

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WisdomTree Japan SmallCap Dividend Fund

WisdomTree US High Dividend Fund

Often compared with DFJ:
DFJ vs. SCJDFJ vs. EWJVDFJ vs. DXJDFJ vs. DXJSDFJ vs. FJSCXDFJ vs. QQQDFJ vs. HJPSX
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

DFJ vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFJ
DFJ Risk / Return Rank: 4444
Overall Rank
DFJ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
DFJ Sortino Ratio Rank: 4747
Sortino Ratio Rank
DFJ Omega Ratio Rank: 4545
Omega Ratio Rank
DFJ Calmar Ratio Rank: 4242
Calmar Ratio Rank
DFJ Martin Ratio Rank: 3838
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
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.

DFJ vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan SmallCap Dividend Fund (DFJ) and WisdomTree US High Dividend Fund (DHS). 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.

DFJDHSDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.06

-0.42

Sortino ratioReturn per unit of downside risk
2.34
3.09

-0.75

Omega ratioGain probability vs. loss probability

1.29

1.35

-0.07

Calmar ratioReturn relative to maximum drawdown

2.07

3.28

-1.21

Martin ratioReturn relative to average drawdown

6.01

12.04

-6.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFJ vs. DHS - Sharpe Ratio Comparison

The current DFJ Sharpe Ratio is 1.65, which is comparable to the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DFJ and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DFJDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

2.06

-0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.77

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.59

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.41

-0.10

Drawdowns

DFJ vs. DHS - Drawdown Comparison

The maximum DFJ drawdown since its inception was -46.00%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DFJ and DHS.

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Drawdown Indicators

DFJDHSDifference

Max Drawdown

Largest peak-to-trough decline

-46.00%

-67.25%

+21.25%

Max Drawdown (1Y)

Largest decline over 1 year

-13.03%

-6.30%

-6.73%

Max Drawdown (3Y)

Largest decline over 3 years

-13.03%

-11.87%

-1.16%

Max Drawdown (5Y)

Largest decline over 5 years

-29.71%

-15.28%

-14.43%

Max Drawdown (10Y)

Largest decline over 10 years

-40.02%

-37.35%

-2.67%

Current Drawdown

Current decline from peak

-6.92%

-2.60%

-4.32%

Average Drawdown

Average peak-to-trough decline

-11.15%

-9.55%

-1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.47%

1.71%

+2.76%

Volatility

DFJ vs. DHS - Volatility Comparison

WisdomTree Japan SmallCap Dividend Fund (DFJ) has a higher volatility of 4.15% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that DFJ's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFJDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

2.88%

+1.27%

Volatility (6M)

Calculated over the trailing 6-month period

13.48%

7.32%

+6.16%

Volatility (1Y)

Calculated over the trailing 1-year period

16.39%

10.01%

+6.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.89%

13.89%

+2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.95%

16.08%

+0.87%

DFJ vs. DHS - Expense Ratio Comparison

DFJ has a 0.58% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

DFJ vs. DHS - Dividend Comparison

DFJ's dividend yield for the trailing twelve months is around 2.44%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DFJ
WisdomTree Japan SmallCap Dividend Fund		2.44%2.68%2.46%2.43%2.62%2.07%2.59%2.24%1.89%1.60%1.76%1.23%
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

DFJ and DHS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DFJ has higher volatility (4.15%) compared to DHS (2.88%). In terms of maximum drawdown, DFJ dropped -46.00% vs DHS's -67.25%.

On 10-year performance, DHS leads with 9.47% vs 8.70% for DFJ. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DHS has performed better with a 9.47% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DHS is cheaper with a 0.38% expense ratio, compared with 0.58% for DFJ.

DHS has the higher dividend yield at 3.35%, compared with 2.44% for DFJ.

DFJ is categorized as Japan Equities, while DHS is Large Cap Value Equities. DFJ tracks WisdomTree Japan SmallCap Dividend Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.58% for DFJ and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.06 vs 1.65), 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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