DGRE vs. DXJ

Last updated Jun 24, 2026

DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - DGRE is a Emerging Markets Equities fund actively managed by WisdomTree, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. DGRE is actively managed, while DXJ is passively managed. Over the past 10 years, DGRE returned 9.58%/yr vs 19.25%/yr for DXJ. At a 0.48 correlation, their price movements are largely independent. DGRE charges 0.32%/yr vs 0.48%/yr for DXJ.

Performance

DGRE vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRE achieves a 27.61% return, which is significantly higher than DXJ's 20.23% return. Over the past 10 years, DGRE has underperformed DXJ with an annualized return of 9.58%, while DXJ has yielded a comparatively higher 19.25% annualized return.

DGRE

• 1D: -5.02%
• 1M: 2.22%
• YTD: 27.61%
• 6M: 28.61%
• 1Y: 51.74%
• 3Y*: 23.16%
• 5Y*: 8.42%
• 10Y*: 9.58%

DXJ

• 1D: -3.57%
• 1M: 2.21%
• YTD: 20.23%
• 6M: 20.18%
• 1Y: 55.89%
• 3Y*: 31.66%
• 5Y*: 26.40%
• 10Y*: 19.25%

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

DGRE vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	27.61%	27.47%	3.63%	18.46%	-21.86%	2.55%	10.85%	21.12%	-16.36%	33.61%
DXJ WisdomTree Japan Hedged Equity Fund	20.23%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between DGRE and DXJ is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 1, 2013	0.48

The correlation between DGRE and DXJ has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.

DGRE vs. DXJ - Sectors Allocation Comparison

Sectors	DGRE	DXJ
Technology	41.5%	12.9%
Financial Services	17.8%	18.3%
Industrials	11.8%	27.4%
Basic Materials	6.6%	8.5%
Consumer Cyclical	5.5%	15.6%
Healthcare	4.8%	6.8%
Consumer Defensive	4.5%	4.7%
Communication Services	2.6%	2.7%
Utilities	2.2%	0.1%
Energy	1.9%	1.7%
Real Estate	0.8%	-

Return for Risk

DGRE vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGRE

DGRE Risk / Return Rank: 76
DGRE Sharpe Ratio Rank: 77
DGRE Sortino Ratio Rank: 69
DGRE Omega Ratio Rank: 77
DGRE Calmar Ratio Rank: 78
DGRE Martin Ratio Rank: 80

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 90
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 89
DXJ Martin Ratio Rank: 90

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.

DGRE vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.

	DGRE	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.10	-0.79
Sortino ratio: Return per unit of downside risk	2.94	4.02	-1.08
Omega ratio: Gain probability vs. loss probability	1.42	1.55	-0.13
Calmar ratio: Return relative to maximum drawdown	3.80	5.12	-1.31
Martin ratio: Return relative to average drawdown	14.91	19.78	-4.87

DGRE vs. DXJ - Sharpe Ratio Comparison

The current DGRE Sharpe Ratio is 2.30, which is comparable to the DXJ Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of DGRE and DXJ, 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

DGRE vs. DXJ - Drawdown Comparison

The maximum DGRE drawdown since its inception was -36.95%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DGRE and DXJ.

Drawdown Indicators

	DGRE	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-36.95%	-49.63%	+12.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-10.98%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-20.65%	-22.19%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-22.19%	-11.80%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	-39.14%	+2.19%
Current Drawdown Current decline from peak	-5.67%	-3.57%	-2.10%
Average Drawdown Average peak-to-trough decline	-11.96%	-14.30%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	2.83%	+0.65%

Volatility

DGRE vs. DXJ - Volatility Comparison

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a higher volatility of 11.80% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.28%. This indicates that DGRE's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRE	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.80%	6.28%	+5.52%
Volatility (6M) Calculated over the trailing 6-month period	20.85%	14.08%	+6.77%
Volatility (1Y) Calculated over the trailing 1-year period	22.57%	18.14%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	19.08%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	20.00%	-0.17%

DGRE vs. DXJ - Expense Ratio Comparison

DGRE has a 0.32% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

DGRE vs. DXJ - Dividend Comparison

DGRE's dividend yield for the trailing twelve months is around 1.22%, more than DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.22%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Frequently Asked Questions

Can I hold both DGRE and DXJ in my portfolio?

DGRE and DXJ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRE or DXJ?

DGRE has higher volatility (11.80%) compared to DXJ (6.28%). In terms of maximum drawdown, DGRE dropped -36.95% vs DXJ's -49.63%.

Which ETF is better, DGRE or DXJ?

On 10-year performance, DXJ leads with 19.25% vs 9.58% for DGRE. On fees, DGRE is cheaper at 0.32% per year. On volatility, DXJ has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRE or DXJ?

Over the 10-year period, DXJ has performed better with a 19.25% return vs 9.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRE or DXJ?

DGRE is cheaper with a 0.32% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, DGRE or DXJ?

DGRE has the higher dividend yield at 1.22%, compared with 1.08% for DXJ.

What is the main difference between DGRE and DXJ?

DGRE is categorized as Emerging Markets Equities, while DXJ is Japan Equities. Their fees differ too: 0.32% for DGRE and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.10 vs 2.30), 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.