PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DXJ vs. DBAW
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DXJ vs. DBAW

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW).

DXJ and DBAW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. DBAW is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI ACWI ex USA US Dollar Hedged Index. It was launched on Jan 23, 2014. Both DXJ and DBAW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DXJ vs. DBAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

DXJ vs. DBAW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXJ
WisdomTree Japan Hedged Equity Fund		10.00%32.78%29.83%42.04%5.96%17.99%3.94%18.94%-19.78%22.81%
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		3.56%26.47%14.35%16.26%-13.35%13.08%7.44%22.96%-10.38%18.79%

Returns By Period

In the year-to-date period, DXJ achieves a 10.00% return, which is significantly higher than DBAW's 3.56% return. Over the past 10 years, DXJ has outperformed DBAW with an annualized return of 17.25%, while DBAW has yielded a comparatively lower 10.42% annualized return.

DXJ

1D
2.59%
1M
-6.49%
YTD
10.00%
6M
24.19%
1Y
46.21%
3Y*
34.37%
5Y*
24.33%
10Y*
17.25%

DBAW

1D
2.61%
1M
-5.70%
YTD
3.56%
6M
10.45%
1Y
25.67%
3Y*
17.45%
5Y*
9.50%
10Y*
10.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Japan Hedged Equity Fund

Xtrackers MSCI All World ex US Hedged Equity ETF

Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. VOODXJ vs. DBJPDXJ vs. SCHD
Often compared with DBAW:
DBAW vs. HAWXDBAW vs. HFXIDBAW vs. GSIEDBAW vs. MDIJXDBAW vs. BROIXDBAW vs. VOODBAW vs. BKIE

DXJ vs. DBAW - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is higher than DBAW's 0.41% expense ratio.

DXJ
WisdomTree Japan Hedged Equity Fund
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF

Return for Risk

DXJ vs. DBAW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJ
DXJ Risk / Return Rank: 9393
Overall Rank
DXJ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9292
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9393
Omega Ratio Rank
DXJ Calmar Ratio Rank: 9393
Calmar Ratio Rank
DXJ Martin Ratio Rank: 9494
Martin Ratio Rank
DBAW
DBAW Risk / Return Rank: 8484
Overall Rank
DBAW Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
DBAW Sortino Ratio Rank: 8383
Sortino Ratio Rank
DBAW Omega Ratio Rank: 8888
Omega Ratio Rank
DBAW Calmar Ratio Rank: 7979
Calmar Ratio Rank
DBAW Martin Ratio Rank: 8484
Martin Ratio Rank
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. DBAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). 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.

DXJDBAWDifference

Sharpe ratio

Return per unit of total volatility

2.04

1.61

+0.43

Sortino ratio

Return per unit of downside risk

2.67

2.17

+0.50

Omega ratio

Gain probability vs. loss probability

1.41

1.36

+0.05

Calmar ratio

Return relative to maximum drawdown

3.46

2.13

+1.33

Martin ratio

Return relative to average drawdown

13.69

9.46

+4.23

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. DBAW - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 2.04, which is comparable to the DBAW Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DXJ and DBAW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

DXJDBAWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

1.61

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.29

0.71

+0.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.69

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.57

-0.16

Correlation

The correlation between DXJ and DBAW is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DXJ vs. DBAW - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.18%, less than DBAW's 3.69% yield.

TTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		1.18%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		3.69%3.83%1.70%3.45%8.81%2.05%2.08%2.91%2.93%2.41%1.99%5.74%

Drawdowns

DXJ vs. DBAW - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than DBAW's maximum drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for DXJ and DBAW.

Loading graphics...

Drawdown Indicators

DXJDBAWDifference

Max Drawdown

Largest peak-to-trough decline

-49.63%

-31.44%

-18.19%

Max Drawdown (1Y)

Largest decline over 1 year

-12.65%

-11.78%

-0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-17.87%

-4.32%

Max Drawdown (10Y)

Largest decline over 10 years

-39.14%

-31.44%

-7.70%

Current Drawdown

Current decline from peak

-6.79%

-6.12%

-0.67%

Average Drawdown

Average peak-to-trough decline

-14.44%

-5.05%

-9.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

2.65%

+0.66%

Volatility

DXJ vs. DBAW - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 7.80% compared to Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) at 6.84%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than DBAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

DXJDBAWDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.80%

6.84%

+0.96%

Volatility (6M)

Calculated over the trailing 6-month period

13.70%

9.97%

+3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

22.77%

16.03%

+6.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.91%

13.49%

+5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.50%

15.23%

+5.27%