DXJ vs. HXT.TO

Last updated Jun 13, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, DXJ returned 18.72%/yr vs 12.15%/yr for HXT.TO. At a 0.46 correlation, their price movements are largely independent. DXJ charges 0.48%/yr vs 0.07%/yr for HXT.TO.

Performance

DXJ vs. HXT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged Equity Fund (DXJ) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DXJ is traded in USD, while HXT.TO is traded in CAD. To make them comparable, the HXT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DXJ achieves a 18.74% return, which is significantly higher than HXT.TO's 8.86% return. Over the past 10 years, DXJ has outperformed HXT.TO with an annualized return of 18.72%, while HXT.TO has yielded a comparatively lower 12.15% annualized return.

DXJ

• 1D: 0.74%
• 1M: -0.20%
• YTD: 18.74%
• 6M: 19.84%
• 1Y: 53.35%
• 3Y*: 30.91%
• 5Y*: 26.01%
• 10Y*: 18.72%

HXT.TO

• 1D: 0.33%
• 1M: 2.18%
• YTD: 8.86%
• 6M: 10.22%
• 1Y: 29.17%
• 3Y*: 21.09%
• 5Y*: 11.29%
• 10Y*: 12.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJ vs. HXT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXJ WisdomTree Japan Hedged Equity Fund	18.74%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	8.86%	34.90%	11.50%	14.75%	-11.86%	28.17%	7.92%	27.43%	-15.03%	17.74%

Correlation

The correlation between DXJ and HXT.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Nov 11, 2010	0.46

DXJ vs. HXT.TO - Sectors Allocation Comparison

Sectors	DXJ	HXT.TO
Industrials	27.4%	8.9%
Financial Services	18.3%	37.3%
Consumer Cyclical	15.6%	3.9%
Technology	12.9%	12.0%
Basic Materials	8.5%	12.6%
Healthcare	6.8%	-
Consumer Defensive	4.7%	3.6%
Communication Services	2.7%	2.4%
Energy	1.7%	15.9%
Utilities	0.1%	2.9%
Real Estate	-	0.5%

Return for Risk

DXJ vs. HXT.TO — Risk / Return Rank

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

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 93
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 90
DXJ Martin Ratio Rank: 91

HXT.TO

HXT.TO Risk / Return Rank: 89
HXT.TO Sharpe Ratio Rank: 91
HXT.TO Sortino Ratio Rank: 89
HXT.TO Omega Ratio Rank: 89
HXT.TO Calmar Ratio Rank: 86
HXT.TO Martin Ratio Rank: 91

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. HXT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Global X S&P/TSX 60 Corporate Class ETF (HXT.TO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DXJ	HXT.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.02	2.30	+0.73
Sortino ratio: Return per unit of downside risk	4.04	3.10	+0.94
Omega ratio: Gain probability vs. loss probability	1.54	1.41	+0.13
Calmar ratio: Return relative to maximum drawdown	4.88	3.59	+1.29
Martin ratio: Return relative to average drawdown	18.93	15.40	+3.53

DXJ vs. HXT.TO - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 3.02, which is higher than the HXT.TO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of DXJ and HXT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DXJ vs. HXT.TO - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, smaller than the maximum HXT.TO drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for DXJ and HXT.TO.

Drawdown Indicators

	DXJ	HXT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-67.62%	+17.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-8.16%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-12.43%	-9.76%
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	-24.08%	+1.89%
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	-41.00%	+1.86%
Current Drawdown Current decline from peak	-1.34%	-0.89%	-0.45%
Average Drawdown Average peak-to-trough decline	-14.32%	-31.05%	+16.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.90%	+0.93%

Volatility

DXJ vs. HXT.TO - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 4.64% compared to Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) at 3.90%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than HXT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJ	HXT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.90%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	10.00%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	12.76%	+4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	14.47%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	16.58%	+3.59%

DXJ vs. HXT.TO - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is higher than HXT.TO's 0.07% expense ratio.

Dividends

DXJ vs. HXT.TO - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.09%, while HXT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.09%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
HXT.TO Global X S&P/TSX 60 Corporate Class ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXJ and HXT.TO in my portfolio?

DXJ and HXT.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXJ or HXT.TO?

On fees, HXT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXJ or HXT.TO?

HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.48% for DXJ.

What is the main difference between DXJ and HXT.TO?

DXJ is categorized as Japan Equities, while HXT.TO is Canada Equities. DXJ tracks WisdomTree Japan Hedged Equity Index, while HXT.TO tracks S&P/TSX 60 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.48% for DXJ and 0.07% for HXT.TO.