DTH vs. DXJ

Last updated Jun 4, 2026

DTH (WisdomTree International High Dividend Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - DTH is a Foreign Large Cap Equities fund tracking the WisdomTree International High Dividend Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, DTH returned 8.77%/yr vs 18.33%/yr for DXJ. A 0.62 correlation means they provide meaningful diversification when combined. DTH charges 0.58%/yr vs 0.48%/yr for DXJ.

Performance

DTH vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International High Dividend Fund (DTH) 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, DTH achieves a 8.27% return, which is significantly lower than DXJ's 19.64% return. Over the past 10 years, DTH has underperformed DXJ with an annualized return of 8.77%, while DXJ has yielded a comparatively higher 18.33% annualized return.

DTH

• 1D: -0.96%
• 1M: 0.94%
• YTD: 8.27%
• 6M: 11.35%
• 1Y: 26.13%
• 3Y*: 19.99%
• 5Y*: 11.48%
• 10Y*: 8.77%

DXJ

• 1D: 0.74%
• 1M: 7.24%
• YTD: 19.64%
• 6M: 24.36%
• 1Y: 53.93%
• 3Y*: 33.15%
• 5Y*: 26.13%
• 10Y*: 18.33%

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

DTH vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTH WisdomTree International High Dividend Fund	8.27%	42.37%	2.31%	15.03%	-1.74%	8.30%	-7.05%	18.43%	-12.85%	21.10%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between DTH and DXJ is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.62

The correlation between DTH and DXJ shifts across timeframes, from 0.48 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

DTH vs. DXJ - Sectors Allocation Comparison

Sectors	DTH	DXJ
Financial Services	21.1%	18.3%
Industrials	13.0%	27.4%
Utilities	10.7%	0.1%
Energy	9.0%	1.7%
Consumer Defensive	8.1%	4.7%
Basic Materials	7.9%	8.5%
Communication Services	7.0%	2.7%
Real Estate	5.2%	-
Consumer Cyclical	5.0%	15.6%
Healthcare	3.4%	6.8%
Technology	1.3%	12.9%

Return for Risk

DTH vs. DXJ — Risk / Return Rank

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

DTH

DTH Risk / Return Rank: 59
DTH Sharpe Ratio Rank: 61
DTH Sortino Ratio Rank: 59
DTH Omega Ratio Rank: 59
DTH Calmar Ratio Rank: 58
DTH Martin Ratio Rank: 59

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

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.

DTH vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International High Dividend Fund (DTH) 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.

	DTH	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.11	-1.03
Sortino ratio: Return per unit of downside risk	2.83	4.20	-1.37
Omega ratio: Gain probability vs. loss probability	1.37	1.56	-0.19
Calmar ratio: Return relative to maximum drawdown	2.87	4.94	-2.06
Martin ratio: Return relative to average drawdown	10.60	19.29	-8.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTH vs. DXJ - Sharpe Ratio Comparison

The current DTH Sharpe Ratio is 2.07, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of DTH 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.

Sharpe Ratios by Period

	DTH	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.11	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	1.39	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.91	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.43	-0.18

Drawdowns

DTH vs. DXJ - Drawdown Comparison

The maximum DTH drawdown since its inception was -64.20%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DTH and DXJ.

Drawdown Indicators

	DTH	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-49.63%	-14.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-10.98%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-22.19%	+9.96%
Max Drawdown (5Y) Largest decline over 5 years	-23.40%	-22.19%	-1.21%
Max Drawdown (10Y) Largest decline over 10 years	-40.75%	-39.14%	-1.61%
Current Drawdown Current decline from peak	-2.97%	0.00%	-2.97%
Average Drawdown Average peak-to-trough decline	-15.16%	-14.34%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.81%	-0.34%

Volatility

DTH vs. DXJ - Volatility Comparison

WisdomTree International High Dividend Fund (DTH) has a higher volatility of 4.18% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.55%. This indicates that DTH'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

	DTH	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	3.55%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	13.09%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	17.44%	-4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	18.96%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	20.18%	-3.11%

DTH vs. DXJ - Expense Ratio Comparison

DTH has a 0.58% expense ratio, which is higher than DXJ's 0.48% expense ratio.

Dividends

DTH vs. DXJ - Dividend Comparison

DTH's dividend yield for the trailing twelve months is around 3.43%, more than DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTH WisdomTree International High Dividend Fund	3.43%	3.80%	5.41%	5.63%	5.70%	4.72%	3.75%	4.27%	4.62%	3.72%	4.14%	4.38%
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 DTH and DXJ in my portfolio?

DTH and DXJ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DTH or DXJ?

DTH has higher volatility (4.18%) compared to DXJ (3.55%). In terms of maximum drawdown, DTH dropped -64.20% vs DXJ's -49.63%.

Which ETF is better, DTH or DXJ?

On 10-year performance, DXJ leads with 18.33% vs 8.77% for DTH. On fees, DXJ is cheaper at 0.48% per year. On volatility, DXJ has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DTH or DXJ?

Over the 10-year period, DXJ has performed better with a 18.33% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DTH or DXJ?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.58% for DTH.

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

DTH has the higher dividend yield at 3.43%, compared with 1.08% for DXJ.

What is the main difference between DTH and DXJ?

DTH is categorized as Foreign Large Cap Equities, while DXJ is Japan Equities. DTH tracks WisdomTree International High Dividend Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.58% for DTH and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 2.07), 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.