DFJ vs. DXJS
DFJ (WisdomTree Japan SmallCap Dividend Fund) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds from WisdomTree - DFJ tracks the WisdomTree Japan SmallCap Dividend Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. Over the past 10 years, DFJ returned 9.55%/yr vs 16.84%/yr for DXJS. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.58% expense ratio.
Performance
DFJ vs. DXJS - Performance Comparison
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Returns By Period
In the year-to-date period, DFJ achieves a 12.64% return, which is significantly lower than DXJS's 23.30% return. Over the past 10 years, DFJ has underperformed DXJS with an annualized return of 9.55%, while DXJS has yielded a comparatively higher 16.84% annualized return.
DFJ
- 1D
- 1.03%
- 1M
- 1.99%
- YTD
- 12.64%
- 6M
- 14.14%
- 1Y
- 32.61%
- 3Y*
- 20.67%
- 5Y*
- 10.72%
- 10Y*
- 9.55%
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.48%
- 1Y
- 60.13%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
DFJ vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFJ WisdomTree Japan SmallCap Dividend Fund | 12.64% | 31.90% | 2.80% | 21.81% | -9.00% | 0.38% | 1.29% | 16.98% | -18.53% | 32.14% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between DFJ and DXJS is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.78 |
The correlation between DFJ and DXJS has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
DFJ vs. DXJS — Risk / Return Rank
DFJ
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFJ vs. DXJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan SmallCap Dividend Fund (DFJ) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.
| DFJ | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.51 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 6.24 | -3.72 |
| Martin ratioReturn relative to average drawdown | 7.03 | 22.10 | -15.07 |
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Drawdowns
DFJ vs. DXJS - Drawdown Comparison
The maximum DFJ drawdown since its inception was -46.00%, which is greater than DXJS's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for DFJ and DXJS.
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Drawdown Indicators
| DFJ | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -39.30% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -9.82% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -16.49% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -16.49% | -13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -39.30% | -0.72% |
Current DrawdownCurrent decline from peak | -3.87% | -6.44% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -6.49% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 2.77% | +1.88% |
Volatility
DFJ vs. DXJS - Volatility Comparison
WisdomTree Japan SmallCap Dividend Fund (DFJ) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) have volatilities of 4.98% and 5.19%, 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.
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Volatility by Period
| DFJ | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 5.19% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 15.69% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 19.86% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 18.08% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 19.72% | -2.76% |
DFJ vs. DXJS - Expense Ratio Comparison
Both DFJ and DXJS have an expense ratio of 0.58%.
Dividends
DFJ vs. DXJS - Dividend Comparison
DFJ's dividend yield for the trailing twelve months is around 2.36%, while DXJS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.36% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 1.54% | 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
DFJ and DXJS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJS has higher volatility (5.19%) compared to DFJ (4.98%). In terms of maximum drawdown, DFJ dropped -46.00% vs DXJS's -39.30%.
On 10-year performance, DXJS leads with 16.84% vs 9.55% for DFJ. Both ETFs have the same 0.58% expense ratio. On volatility, DFJ has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJS has performed better with a 16.84% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFJ and DXJS have the same expense ratio: 0.58% per year.
DFJ has the higher dividend yield at 2.36%, compared with 1.54% for DXJS.
DFJ tracks WisdomTree Japan SmallCap Dividend Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index.
DXJS currently has the higher Sharpe Ratio (3.08 vs 1.96), 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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