DXJ vs. BRK-B

Last updated Jun 14, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, DXJ returned 18.72%/yr vs 13.22%/yr for BRK-B. At a 0.47 correlation, their price movements are largely independent.

Performance

DXJ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged Equity Fund (DXJ) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXJ achieves a 18.74% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, DXJ has outperformed BRK-B with an annualized return of 18.72%, while BRK-B has yielded a comparatively lower 13.22% annualized return.

DXJ

• 1D: 0.74%
• 1M: -0.37%
• YTD: 18.74%
• 6M: 19.84%
• 1Y: 54.41%
• 3Y*: 30.91%
• 5Y*: 26.01%
• 10Y*: 18.72%

BRK-B

• 1D: 0.71%
• 1M: 1.07%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: 0.35%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

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

DXJ vs. BRK-B - 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%
BRK-B Berkshire Hathaway Inc.	-2.67%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between DXJ and BRK-B is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.47

Over the past year, the correlation between DXJ and BRK-B has dropped to 0.21 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

DXJ vs. BRK-B — Risk / Return Rank

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

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 93
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 90
DXJ Martin Ratio Rank: 91

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

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. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	3.02	-0.02	+3.04
Sortino ratio: Return per unit of downside risk	4.04	0.08	+3.96
Omega ratio: Gain probability vs. loss probability	1.54	1.01	+0.53
Calmar ratio: Return relative to maximum drawdown	4.88	-0.02	+4.91
Martin ratio: Return relative to average drawdown	18.93	-0.05	+18.98

DXJ vs. BRK-B - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 3.02, which is higher than the BRK-B Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of DXJ and BRK-B, 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

DXJ vs. BRK-B - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DXJ and BRK-B.

Drawdown Indicators

	DXJ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-53.86%	+4.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-9.42%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-14.95%	-7.24%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-26.58%	+4.39%
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	-29.57%	-9.57%
Current Drawdown Current decline from peak	-1.34%	-9.36%	+8.02%
Average Drawdown Average peak-to-trough decline	-14.32%	-11.07%	-3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.53%	-1.70%

Volatility

DXJ vs. BRK-B - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 4.64% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.95%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	10.78%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	14.38%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	17.12%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	19.44%	+0.73%

Dividends

DXJ vs. BRK-B - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.09%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both DXJ and BRK-B in my portfolio?

DXJ and BRK-B have a correlation of 0.21, 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 BRK-B?

DXJ has higher volatility (4.64%) compared to BRK-B (3.95%). In terms of maximum drawdown, DXJ dropped -49.63% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.02 vs -0.02), 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.