DXJ vs. BND
DXJ (WisdomTree Japan Hedged Equity Fund) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, DXJ returned 18.72%/yr vs 1.58%/yr for BND. At a correlation of -0.22, they often move in opposite directions. DXJ charges 0.48%/yr vs 0.03%/yr for BND.
Performance
DXJ vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, DXJ achieves a 18.74% return, which is significantly higher than BND's 0.52% return. Over the past 10 years, DXJ has outperformed BND with an annualized return of 18.72%, while BND has yielded a comparatively lower 1.58% annualized return.
DXJ
- 1D
- 0.74%
- 1M
- -0.20%
- YTD
- 18.74%
- 6M
- 19.84%
- 1Y
- 53.35%
- 3Y*
- 30.91%
- 5Y*
- 26.01%
- 10Y*
- 18.72%
BND
- 1D
- -0.12%
- 1M
- 0.42%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.40%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
DXJ vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 18.74% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between DXJ and BND is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.22 |
The correlation between DXJ and BND shifts across timeframes, from -0.22 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXJ vs. BND — Risk / Return Rank
DXJ
BND
DXJ vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Vanguard Total Bond Market ETF (BND). 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.
| DXJ | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.21 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.88 | 1.65 | +3.23 |
| Martin ratioReturn relative to average drawdown | 18.93 | 4.81 | +14.12 |
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Drawdowns
DXJ vs. BND - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for DXJ and BND.
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Drawdown Indicators
| DXJ | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -18.58% | -31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -2.68% | -8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -5.92% | -16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -17.91% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.14% | -18.58% | -20.56% |
Current DrawdownCurrent decline from peak | -1.34% | -2.12% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -3.06% | -11.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 0.92% | +1.91% |
Volatility
DXJ vs. BND - Volatility Comparison
WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 4.64% compared to Vanguard Total Bond Market ETF (BND) at 1.28%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJ | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 1.28% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 2.74% | +10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.73% | 3.75% | +13.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 6.03% | +12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 5.53% | +14.64% |
DXJ vs. BND - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
DXJ vs. BND - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 1.09%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
DXJ WisdomTree Japan Hedged Equity Fund | 1.09% | 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
DXJ and BND have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJ has higher volatility (4.64%) compared to BND (1.28%). In terms of maximum drawdown, DXJ dropped -49.63% vs BND's -18.58%.
On 10-year performance, DXJ leads with 18.72% vs 1.58% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJ has performed better with a 18.72% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.48% for DXJ.
BND has the higher dividend yield at 3.96%, compared with 1.09% for DXJ.
DXJ is categorized as Japan Equities, while BND is Total Bond Market. DXJ tracks WisdomTree Japan Hedged Equity Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for DXJ and 0.03% for BND.
DXJ currently has the higher Sharpe Ratio (3.02 vs 1.18), 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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