DXJ vs. ADIV

Last updated Jun 9, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management. DXJ is passively managed, while ADIV is actively managed. Over the past 5 years, DXJ returned 25.93%/yr vs 5.91%/yr for ADIV. At a 0.46 correlation, their price movements are largely independent. DXJ charges 0.48%/yr vs 0.78%/yr for ADIV.

Performance

DXJ vs. ADIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged Equity Fund (DXJ) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXJ achieves a 17.86% return, which is significantly higher than ADIV's 4.50% return.

DXJ

• 1D: 0.39%
• 1M: 2.00%
• YTD: 17.86%
• 6M: 21.01%
• 1Y: 51.36%
• 3Y*: 31.77%
• 5Y*: 25.93%
• 10Y*: 18.23%

ADIV

• 1D: 0.43%
• 1M: -2.41%
• YTD: 4.50%
• 6M: 4.87%
• 1Y: 14.36%
• 3Y*: 15.97%
• 5Y*: 5.91%
• 10Y*: —

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

DXJ vs. ADIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DXJ WisdomTree Japan Hedged Equity Fund	17.86%	32.78%	29.83%	42.04%	5.96%	3.12%
ADIV SmartETFs Asia Pacific Dividend Builder ETF	4.50%	21.86%	14.47%	12.28%	-18.00%	1.41%

Correlation

The correlation between DXJ and ADIV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021	0.46

DXJ vs. ADIV - Sectors Allocation Comparison

Sectors	DXJ	ADIV
Industrials	27.4%	2.4%
Financial Services	18.3%	32.4%
Consumer Cyclical	15.6%	16.3%
Technology	12.9%	25.5%
Basic Materials	8.5%	-
Healthcare	6.8%	5.6%
Consumer Defensive	4.7%	4.7%
Communication Services	2.7%	2.7%
Energy	1.7%	-
Utilities	0.1%	2.5%
Real Estate	-	7.9%

Return for Risk

DXJ vs. ADIV — Risk / Return Rank

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

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 91
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 88
DXJ Martin Ratio Rank: 89

ADIV

ADIV Risk / Return Rank: 32
ADIV Sharpe Ratio Rank: 32
ADIV Sortino Ratio Rank: 31
ADIV Omega Ratio Rank: 31
ADIV Calmar Ratio Rank: 32
ADIV Martin Ratio Rank: 34

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.

DXJ vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

	DXJ	ADIV	Difference
Sharpe ratio: Return per unit of total volatility	2.94	1.04	+1.90
Sortino ratio: Return per unit of downside risk	3.96	1.50	+2.46
Omega ratio: Gain probability vs. loss probability	1.53	1.19	+0.34
Calmar ratio: Return relative to maximum drawdown	4.70	1.42	+3.28
Martin ratio: Return relative to average drawdown	18.34	4.66	+13.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXJ vs. ADIV - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 2.94, which is higher than the ADIV Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of DXJ and ADIV, 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

	DXJ	ADIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	1.04	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.37	0.36	+1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.38	+0.05

Drawdowns

DXJ vs. ADIV - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than ADIV's maximum drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for DXJ and ADIV.

Drawdown Indicators

	DXJ	ADIV	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-31.55%	-18.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-10.15%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-18.53%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-31.55%	+9.36%
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	—	—
Current Drawdown Current decline from peak	-2.06%	-4.40%	+2.34%
Average Drawdown Average peak-to-trough decline	-14.33%	-8.44%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.09%	-0.28%

Volatility

DXJ vs. ADIV - Volatility Comparison

The current volatility for WisdomTree Japan Hedged Equity Fund (DXJ) is 4.19%, while SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a volatility of 5.13%. This indicates that DXJ experiences smaller price fluctuations and is considered to be less risky than ADIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJ	ADIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	5.13%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	11.02%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	13.87%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	16.54%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.19%	16.41%	+3.78%

DXJ vs. ADIV - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

DXJ vs. ADIV - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.10%, less than ADIV's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.88%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.10%	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 DXJ and ADIV in my portfolio?

DXJ and ADIV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXJ or ADIV?

ADIV has higher volatility (5.13%) compared to DXJ (4.19%). In terms of maximum drawdown, DXJ dropped -49.63% vs ADIV's -31.55%.

Which ETF is better, DXJ or ADIV?

On 5-year performance, DXJ leads with 25.93% vs 5.91% for ADIV. On fees, DXJ is cheaper at 0.48% per year. On volatility, DXJ has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DXJ or ADIV?

Over the 5-year period, DXJ has performed better with a 25.93% return vs 5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DXJ or ADIV?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.78% for ADIV.

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

ADIV has the higher dividend yield at 2.88%, compared with 1.10% for DXJ.

What is the main difference between DXJ and ADIV?

DXJ is categorized as Japan Equities, while ADIV is Asia Pacific Equities. They also come from different issuers: WisdomTree and Guinness Atkinson Asset Management. Their fees differ too: 0.48% for DXJ and 0.78% for ADIV.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.94 vs 1.04), 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.