DFJ vs. FJSCX
DFJ (WisdomTree Japan SmallCap Dividend Fund) and FJSCX (Fidelity Japan Smaller Companies Fund) are both Japan Equities funds. Over the past 10 years, DFJ returned 9.55%/yr vs 9.69%/yr for FJSCX. Their correlation of 0.81 suggests significant overlap in exposure. DFJ charges 0.58%/yr vs 0.91%/yr for FJSCX.
Performance
DFJ vs. FJSCX - 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 FJSCX's 26.04% return. Both investments have delivered pretty close results over the past 10 years, with DFJ having a 9.55% annualized return and FJSCX not far ahead at 9.69%.
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%
FJSCX
- 1D
- 1.68%
- 1M
- 5.86%
- YTD
- 26.04%
- 6M
- 26.19%
- 1Y
- 39.82%
- 3Y*
- 20.82%
- 5Y*
- 11.14%
- 10Y*
- 9.69%
DFJ vs. FJSCX - 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% |
FJSCX Fidelity Japan Smaller Companies Fund | 26.04% | 26.43% | 8.03% | 15.15% | -14.49% | -0.36% | 4.80% | 22.00% | -15.98% | 34.56% |
Correlation
The correlation between DFJ and FJSCX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.81 |
The correlation between DFJ and FJSCX shifts across timeframes, from 0.71 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DFJ vs. FJSCX — Risk / Return Rank
DFJ
FJSCX
DFJ vs. FJSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan SmallCap Dividend Fund (DFJ) and Fidelity Japan Smaller Companies Fund (FJSCX). 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 | FJSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.98 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.03 | 10.52 | -3.49 |
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Drawdowns
DFJ vs. FJSCX - Drawdown Comparison
The maximum DFJ drawdown since its inception was -46.00%, smaller than the maximum FJSCX drawdown of -71.42%. Use the drawdown chart below to compare losses from any high point for DFJ and FJSCX.
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Drawdown Indicators
| DFJ | FJSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -71.42% | +25.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -12.79% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -15.08% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -29.74% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | -32.10% | -7.92% |
Current DrawdownCurrent decline from peak | -3.87% | 0.00% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -26.61% | +15.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 3.62% | +1.03% |
Volatility
DFJ vs. FJSCX - Volatility Comparison
The current volatility for WisdomTree Japan SmallCap Dividend Fund (DFJ) is 4.98%, while Fidelity Japan Smaller Companies Fund (FJSCX) has a volatility of 6.91%. This indicates that DFJ experiences smaller price fluctuations and is considered to be less risky than FJSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFJ | FJSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 6.91% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 15.61% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 19.20% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 17.52% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 16.11% | +0.85% |
DFJ vs. FJSCX - Expense Ratio Comparison
DFJ has a 0.58% expense ratio, which is lower than FJSCX's 0.91% expense ratio.
Dividends
DFJ vs. FJSCX - Dividend Comparison
DFJ's dividend yield for the trailing twelve months is around 2.36%, less than FJSCX's 13.98% yield.
| 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% |
FJSCX Fidelity Japan Smaller Companies Fund | 13.98% | 17.62% | 4.54% | 2.82% | 0.05% | 12.01% | 1.59% | 7.13% | 5.55% | 3.91% | 2.83% | 1.43% |
Frequently Asked Questions
DFJ and FJSCX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FJSCX has higher volatility (6.91%) compared to DFJ (4.98%). In terms of maximum drawdown, DFJ dropped -46.00% vs FJSCX's -71.42%.
FJSCX currently has the higher Sharpe Ratio (1.99 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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