DXJ vs. DXJS
Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).
DXJ and DXJS 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. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. Both DXJ and DXJS 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 DXJS.
Key characteristics
| DXJ | DXJS | |
|---|---|---|
| YTD Return | 23.25% | 13.48% |
| 1Y Return | 55.64% | 40.82% |
| 3Y Return (Ann) | 25.95% | 19.76% |
| 5Y Return (Ann) | 19.19% | 14.09% |
| 10Y Return (Ann) | 13.31% | 12.66% |
| Sharpe Ratio | 3.44 | 2.66 |
| Daily Std Dev | 15.91% | 15.42% |
| Max Drawdown | -49.63% | -39.29% |
| Current Drawdown | -0.99% | -0.74% |
Correlation
The correlation between DXJ and DXJS is 0.87, 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.
Performance
DXJ vs. DXJS - Performance Comparison
In the year-to-date period, DXJ achieves a 23.25% return, which is significantly higher than DXJS's 13.48% return. Both investments have delivered pretty close results over the past 10 years, with DXJ having a 13.31% annualized return and DXJS not far behind at 12.66%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXJ vs. DXJS - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is lower than DXJS's 0.58% expense ratio.
Risk-Adjusted Performance
DXJ vs. DXJS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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. DXJS - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 2.50%, more than DXJS's 2.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 2.50% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.42% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
Drawdowns
DXJ vs. DXJS - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, which is greater than DXJS's maximum drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for DXJ and DXJS. For additional features, visit the drawdowns tool.
Volatility
DXJ vs. DXJS - Volatility Comparison
WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 4.40% compared to WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) at 3.91%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than DXJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.