DXJ vs. DBJP
Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP).
DXJ and DBJP 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. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011. Both DXJ and DBJP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXJ or DBJP.
Performance
DXJ vs. DBJP - Performance Comparison
Returns By Period
In the year-to-date period, DXJ achieves a 24.76% return, which is significantly higher than DBJP's 21.23% return. Over the past 10 years, DXJ has outperformed DBJP with an annualized return of 11.37%, while DBJP has yielded a comparatively lower 10.20% annualized return.
DXJ
24.76%
-0.02%
0.54%
22.13%
18.41%
11.37%
DBJP
21.23%
-0.01%
0.62%
19.92%
14.90%
10.20%
Key characteristics
| DXJ | DBJP | |
|---|---|---|
| Sharpe Ratio | 1.12 | 1.05 |
| Sortino Ratio | 1.48 | 1.41 |
| Omega Ratio | 1.22 | 1.21 |
| Calmar Ratio | 1.05 | 0.98 |
| Martin Ratio | 3.72 | 3.33 |
| Ulcer Index | 6.28% | 6.33% |
| Daily Std Dev | 20.89% | 20.00% |
| Max Drawdown | -49.63% | -31.30% |
| Current Drawdown | -7.29% | -7.92% |
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DXJ vs. DBJP - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is higher than DBJP's 0.46% expense ratio.
Correlation
The correlation between DXJ and DBJP is 0.92, 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.
Risk-Adjusted Performance
DXJ vs. DBJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.
Dividends
DXJ vs. DBJP - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 2.36%, less than DBJP's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 2.36% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 3.11% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% | 10.53% | 1.84% |
Drawdowns
DXJ vs. DBJP - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, which is greater than DBJP's maximum drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for DXJ and DBJP. For additional features, visit the drawdowns tool.
Volatility
DXJ vs. DBJP - Volatility Comparison
WisdomTree Japan Hedged Equity Fund (DXJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP) have volatilities of 4.93% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.