DXJ vs. BTC-USD
DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, DXJ returned 18.23%/yr vs 59.68%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
DXJ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DXJ achieves a 17.86% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, DXJ has underperformed BTC-USD with an annualized return of 18.23%, while BTC-USD has yielded a comparatively higher 59.68% annualized 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%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
DXJ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 17.86% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between DXJ and BTC-USD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.07 |
The correlation between DXJ and BTC-USD shifts across timeframes, from 0.07 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXJ vs. BTC-USD — Risk / Return Rank
DXJ
BTC-USD
DXJ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.89 | ||
| Sortino ratioReturn per unit of downside risk | +5.31 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.86 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | -0.80 | +5.50 |
| Martin ratioReturn relative to average drawdown | 18.34 | -1.42 | +19.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXJ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | -0.95 | +3.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.37 | 0.20 | +1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.87 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.13 | -0.71 |
Drawdowns
DXJ vs. BTC-USD - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for DXJ and BTC-USD.
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Drawdown Indicators
| DXJ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -85.30% | +35.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -51.21% | +40.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -51.21% | +29.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -76.67% | +54.48% |
Max Drawdown (10Y)Largest decline over 10 years | -39.14% | -83.80% | +44.66% |
Current DrawdownCurrent decline from peak | -2.06% | -49.86% | +47.80% |
Average DrawdownAverage peak-to-trough decline | -14.33% | -42.32% | +27.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 34.46% | -31.65% |
Volatility
DXJ vs. BTC-USD - Volatility Comparison
The current volatility for WisdomTree Japan Hedged Equity Fund (DXJ) is 4.19%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that DXJ experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 11.59% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 34.53% | -21.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 35.67% | -18.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 44.95% | -25.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 56.71% | -36.52% |
Frequently Asked Questions
DXJ and BTC-USD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to DXJ (4.19%). In terms of maximum drawdown, DXJ dropped -49.63% vs BTC-USD's -85.30%.
DXJ currently has the higher Sharpe Ratio (2.94 vs -0.95), 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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