DFJSX vs. DFJ

Last updated Aug 1, 2026

DFJSX (DFA Japanese Small Company Portfolio) and DFJ (WisdomTree Japan SmallCap Dividend Fund) are both Japan Equities funds. Over the past 10 years, DFJSX returned 8.64%/yr vs 8.80%/yr for DFJ. Their correlation of 0.86 means they have usually moved in the same direction. DFJSX charges 0.42%/yr vs 0.58%/yr for DFJ.

Performance

DFJSX vs. DFJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Japanese Small Company Portfolio (DFJSX) and WisdomTree Japan SmallCap Dividend Fund (DFJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFJSX achieves a 16.18% return, which is significantly higher than DFJ's 12.43% return. Both investments have delivered pretty close results over the past 10 years, with DFJSX having a 8.64% annualized return and DFJ not far ahead at 8.80%.

DFJSX

• 1D: 3.85%
• 1M: 1.29%
• 6M: 9.56%
• YTD: 16.18%
• 1Y: 27.62%
• 3Y*: 19.22%
• 5Y*: 10.00%
• 10Y*: 8.64%
• ALL TIME*: 6.08%

DFJ

• 1D: -0.21%
• 1M: -0.56%
• 6M: 5.79%
• YTD: 12.43%
• 1Y: 23.77%
• 3Y*: 18.59%
• 5Y*: 10.25%
• 10Y*: 8.80%
• ALL TIME*: 5.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFJ WisdomTree Japan SmallCap Dividend Fund	$4.27M	$3.89M	$3.95M
DFJSX DFA Japanese Small Company Portfolio	$0.00	$0.00	$0.00

DFJSX vs. DFJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFJSX DFA Japanese Small Company Portfolio	16.18%	31.65%	4.35%	17.08%	-11.36%	-0.39%	3.78%	18.23%	-19.56%	35.69%
DFJ WisdomTree Japan SmallCap Dividend Fund	12.43%	31.90%	2.80%	21.81%	-9.00%	0.38%	1.29%	16.98%	-18.53%	32.14%

Correlation

The correlation between DFJSX and DFJ is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.86

The correlation between DFJSX and DFJ shifts across timeframes, from 0.77 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DFJSX vs. DFJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFJSX

DFJSX Risk / Return Rank: 69
DFJSX Sharpe Ratio Rank: 74
DFJSX Sortino Ratio Rank: 73
DFJSX Omega Ratio Rank: 72
DFJSX Calmar Ratio Rank: 74
DFJSX Martin Ratio Rank: 54

DFJ

DFJ Risk / Return Rank: 60
DFJ Sharpe Ratio Rank: 66
DFJ Sortino Ratio Rank: 66
DFJ Omega Ratio Rank: 61
DFJ Calmar Ratio Rank: 58
DFJ Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFJSX vs. DFJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Japanese Small Company Portfolio (DFJSX) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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.

	DFJSX	DFJ	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.51	+0.24
Sortino ratio: Return per unit of downside risk	2.50	2.18	+0.33
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.43	2.04	+0.39
Martin ratio: Return relative to average drawdown	7.29	5.39	+1.90

DFJSX vs. DFJ - Sharpe Ratio Comparison

The current DFJSX Sharpe Ratio is 1.75, which is comparable to the DFJ Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of DFJSX and DFJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFJSX vs. DFJ - Drawdown Comparison

The maximum DFJSX drawdown since its inception was -76.17%, which is greater than DFJ's maximum drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for DFJSX and DFJ.

Drawdown Indicators

	DFJSX	DFJ	Difference
Max Drawdown Largest peak-to-trough decline	-76.17%	-46.00%	-30.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-13.03%	+0.50%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	-13.03%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-31.39%	-29.71%	-1.68%
Max Drawdown (10Y) Largest decline over 10 years	-40.32%	-40.02%	-0.30%
Current Drawdown Current decline from peak	-1.17%	-4.04%	+2.87%
Average Drawdown Average peak-to-trough decline	-29.98%	-11.10%	-18.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.91%	-0.76%

Volatility

DFJSX vs. DFJ - Volatility Comparison

DFA Japanese Small Company Portfolio (DFJSX) and WisdomTree Japan SmallCap Dividend Fund (DFJ) have volatilities of 6.44% and 6.34%, 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.

Volatility by Period

	DFJSX	DFJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	6.34%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	14.82%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	17.57%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	16.11%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	17.00%	-0.36%

DFJSX vs. DFJ - Expense Ratio Comparison

DFJSX has a 0.42% expense ratio, which is lower than DFJ's 0.58% expense ratio.

Dividends

DFJSX vs. DFJ - Dividend Comparison

DFJSX's dividend yield for the trailing twelve months is around 3.00%, more than DFJ's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFJ WisdomTree Japan SmallCap Dividend Fund	2.61%	2.68%	2.46%	2.43%	2.62%	2.07%	2.59%	2.24%	1.89%	1.60%	1.76%	1.23%
DFJSX DFA Japanese Small Company Portfolio	3.00%	3.49%	3.16%	6.45%	5.44%	5.26%	2.14%	3.98%	7.50%	2.41%	1.97%	1.38%

Frequently Asked Questions

Can I hold both DFJSX and DFJ in my portfolio?

DFJSX and DFJ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFJSX or DFJ?

DFJSX has higher volatility (6.44%) compared to DFJ (6.34%). In terms of maximum drawdown, DFJSX dropped -76.17% vs DFJ's -46.00%.

Which has better risk-adjusted returns?

DFJSX currently has the higher Sharpe Ratio (1.75 vs 1.51), 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.