DFJ vs. GDE
DFJ (WisdomTree Japan SmallCap Dividend Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - DFJ is a Japan Equities fund tracking the WisdomTree Japan SmallCap Dividend Index, while GDE is a Gold fund actively managed by WisdomTree. DFJ is passively managed, while GDE is actively managed. Over the past 3 years, DFJ returned 18.99%/yr vs 46.68%/yr for GDE. At a 0.47 correlation, their price movements are largely independent. DFJ charges 0.58%/yr vs 0.20%/yr for GDE.
Performance
DFJ vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, DFJ achieves a 9.06% return, which is significantly lower than GDE's 9.79% 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%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
DFJ vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DFJ WisdomTree Japan SmallCap Dividend Fund | 9.06% | 31.90% | 2.80% | 21.81% | -4.41% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between DFJ and GDE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.47 |
The correlation between DFJ and GDE shifts across timeframes, from 0.36 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFJ vs. GDE — Risk / Return Rank
DFJ
GDE
DFJ vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan SmallCap Dividend Fund (DFJ) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
| DFJ | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.36 | -0.29 |
| Martin ratioReturn relative to average drawdown | 6.01 | 7.34 | -1.33 |
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
| DFJ | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.88 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.15 | -0.84 |
Drawdowns
DFJ vs. GDE - Drawdown Comparison
The maximum DFJ drawdown since its inception was -46.00%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for DFJ and GDE.
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Drawdown Indicators
| DFJ | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -32.01% | -13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -22.66% | +9.63% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -22.66% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.02% | — | — |
Current DrawdownCurrent decline from peak | -6.92% | -11.17% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -7.88% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 7.26% | -2.79% |
Volatility
DFJ vs. GDE - Volatility Comparison
The current volatility for WisdomTree Japan SmallCap Dividend Fund (DFJ) is 4.15%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.65%. This indicates that DFJ experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFJ | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 6.65% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 24.24% | -10.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 28.39% | -12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 26.12% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 26.12% | -9.17% |
DFJ vs. GDE - Expense Ratio Comparison
DFJ has a 0.58% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
DFJ vs. GDE - Dividend Comparison
DFJ's dividend yield for the trailing twelve months is around 2.44%, less than GDE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DFJ and GDE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.65%) compared to DFJ (4.15%). In terms of maximum drawdown, DFJ dropped -46.00% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 18.99% for DFJ. On fees, GDE is cheaper at 0.20% per year. On volatility, DFJ has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 46.68% return vs 18.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.58% for DFJ.
GDE has the higher dividend yield at 3.94%, compared with 2.44% for DFJ.
DFJ is categorized as Japan Equities, while GDE is Gold. Their fees differ too: 0.58% for DFJ and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.88 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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