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DXJ vs. EWJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DXJ and EWJ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

DXJ vs. EWJ - Performance Comparison

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

50.00%100.00%150.00%200.00%250.00%300.00%December2025FebruaryMarchAprilMay
278.22%
87.81%
DXJ
EWJ

Key characteristics

Sharpe Ratio

DXJ:

0.21

EWJ:

0.39

Sortino Ratio

DXJ:

0.44

EWJ:

0.67

Omega Ratio

DXJ:

1.07

EWJ:

1.09

Calmar Ratio

DXJ:

0.25

EWJ:

0.56

Martin Ratio

DXJ:

0.73

EWJ:

1.68

Ulcer Index

DXJ:

7.49%

EWJ:

4.89%

Daily Std Dev

DXJ:

25.84%

EWJ:

21.34%

Max Drawdown

DXJ:

-49.63%

EWJ:

-58.89%

Current Drawdown

DXJ:

-4.61%

EWJ:

0.00%

Returns By Period

In the year-to-date period, DXJ achieves a -0.75% return, which is significantly lower than EWJ's 7.94% return. Over the past 10 years, DXJ has outperformed EWJ with an annualized return of 9.99%, while EWJ has yielded a comparatively lower 5.03% annualized return.


DXJ

YTD

-0.75%

1M

13.93%

6M

3.10%

1Y

3.17%

5Y*

24.15%

10Y*

9.99%

EWJ

YTD

7.94%

1M

17.75%

6M

6.50%

1Y

6.37%

5Y*

9.01%

10Y*

5.03%

*Annualized

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DXJ vs. EWJ - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is lower than EWJ's 0.49% expense ratio.


Risk-Adjusted Performance

DXJ vs. EWJ — Risk-Adjusted Performance Rank

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

DXJ
The Risk-Adjusted Performance Rank of DXJ is 3131
Overall Rank
The Sharpe Ratio Rank of DXJ is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of DXJ is 2929
Sortino Ratio Rank
The Omega Ratio Rank of DXJ is 3131
Omega Ratio Rank
The Calmar Ratio Rank of DXJ is 3535
Calmar Ratio Rank
The Martin Ratio Rank of DXJ is 3030
Martin Ratio Rank

EWJ
The Risk-Adjusted Performance Rank of EWJ is 4545
Overall Rank
The Sharpe Ratio Rank of EWJ is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of EWJ is 4141
Sortino Ratio Rank
The Omega Ratio Rank of EWJ is 3939
Omega Ratio Rank
The Calmar Ratio Rank of EWJ is 5858
Calmar Ratio Rank
The Martin Ratio Rank of EWJ is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DXJ vs. EWJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and iShares MSCI Japan ETF (EWJ). 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.


The current DXJ Sharpe Ratio is 0.21, which is lower than the EWJ Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of DXJ and EWJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
0.21
0.39
DXJ
EWJ

Dividends

DXJ vs. EWJ - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 3.23%, more than EWJ's 2.17% yield.


TTM20242023202220212020201920182017201620152014
DXJ
WisdomTree Japan Hedged Equity Fund
3.23%3.48%3.44%3.03%2.64%2.53%2.47%2.92%2.30%1.98%5.95%11.61%
EWJ
iShares MSCI Japan ETF
2.17%2.34%2.03%1.23%2.08%1.04%2.03%1.71%1.25%1.95%1.27%1.32%

Drawdowns

DXJ vs. EWJ - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, smaller than the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for DXJ and EWJ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-4.61%
0
DXJ
EWJ

Volatility

DXJ vs. EWJ - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 11.61% compared to iShares MSCI Japan ETF (EWJ) at 8.94%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%December2025FebruaryMarchAprilMay
11.61%
8.94%
DXJ
EWJ