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DXJ vs. IYH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXJ vs. IYH

Last updated Jun 13, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, DXJ returned 18.72%/yr vs 9.52%/yr for IYH. A 0.51 correlation means they provide meaningful diversification when combined. DXJ charges 0.48%/yr vs 0.43%/yr for IYH.

Performance

DXJ vs. IYH - Performance Comparison

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

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Returns By Period

In the year-to-date period, DXJ achieves a 18.74% return, which is significantly higher than IYH's -0.65% return. Over the past 10 years, DXJ has outperformed IYH with an annualized return of 18.72%, while IYH has yielded a comparatively lower 9.52% 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%

IYH

1D
-0.20%
1M
4.45%
YTD
-0.65%
6M
0.07%
1Y
14.13%
3Y*
6.45%
5Y*
4.89%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJ vs. IYH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYH
iShares U.S. Healthcare ETF		-0.65%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%

Correlation

The correlation between DXJ and IYH is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2006

0.51

Over the past year, the correlation between DXJ and IYH has dropped to 0.29 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

DXJ vs. IYH - Sectors Allocation Comparison

Sectors
DXJ
IYH

Industrials

27.4%

-

Financial Services

18.3%

-

Consumer Cyclical

15.6%

-

Technology

12.9%

-

Basic Materials

8.5%

-

Healthcare

6.8%
100.0%

Consumer Defensive

4.7%

-

Communication Services

2.7%

-

Energy

1.7%

-

Utilities

0.1%

-

Real Estate

-

-

Industrials

DXJ
27.4%
IYH

-

Financial Services

DXJ
18.3%
IYH

-

Consumer Cyclical

DXJ
15.6%
IYH

-

Technology

DXJ
12.9%
IYH

-

Basic Materials

DXJ
8.5%
IYH

-

Healthcare

DXJ
6.8%
IYH
100.0%

Consumer Defensive

DXJ
4.7%
IYH

-

Communication Services

DXJ
2.7%
IYH

-

Energy

DXJ
1.7%
IYH

-

Utilities

DXJ
0.1%
IYH

-

Real Estate

DXJ

-

IYH

-

Compare stocks, funds, or ETFs

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WisdomTree Japan Hedged Equity Fund

iShares U.S. Healthcare ETF

Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP
Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. BMEDIYH vs. IFRAIYH vs. IBB

Return for Risk

DXJ vs. IYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJ
DXJ Risk / Return Rank: 9292
Overall Rank
DXJ Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9393
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9292
Omega Ratio Rank
DXJ Calmar Ratio Rank: 9090
Calmar Ratio Rank
DXJ Martin Ratio Rank: 9191
Martin Ratio Rank
IYH
IYH Risk / Return Rank: 2929
Overall Rank
IYH Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3131
Sortino Ratio Rank
IYH Omega Ratio Rank: 2828
Omega Ratio Rank
IYH Calmar Ratio Rank: 3131
Calmar Ratio Rank
IYH Martin Ratio Rank: 2727
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. IYH - Risk-Adjusted Trends Comparison

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

DXJIYHDifference
Sharpe ratioReturn per unit of total volatility
3.02
0.94

+2.08

Sortino ratioReturn per unit of downside risk
4.04
1.52

+2.52

Omega ratioGain probability vs. loss probability

1.54

1.17

+0.37

Calmar ratioReturn relative to maximum drawdown

4.88

1.33

+3.55

Martin ratioReturn relative to average drawdown

18.93

3.18

+15.75

DXJ vs. IYH - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 3.02, which is higher than the IYH Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of DXJ and IYH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DXJ vs. IYH - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for DXJ and IYH.

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Drawdown Indicators

DXJIYHDifference

Max Drawdown

Largest peak-to-trough decline

-49.63%

-43.12%

-6.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.98%

-10.64%

-0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-22.19%

-17.91%

-4.28%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-17.91%

-4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-39.14%

-28.40%

-10.74%

Current Drawdown

Current decline from peak

-1.34%

-3.94%

+2.60%

Average Drawdown

Average peak-to-trough decline

-14.32%

-8.96%

-5.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

4.46%

-1.63%

Volatility

DXJ vs. IYH - Volatility Comparison

The current volatility for WisdomTree Japan Hedged Equity Fund (DXJ) is 4.64%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 4.94%. This indicates that DXJ experiences smaller price fluctuations and is considered to be less risky than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXJIYHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.64%

4.94%

-0.30%

Volatility (6M)

Calculated over the trailing 6-month period

13.56%

10.64%

+2.92%

Volatility (1Y)

Calculated over the trailing 1-year period

17.73%

15.10%

+2.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.02%

14.96%

+4.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.17%

16.74%

+3.43%

DXJ vs. IYH - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is higher than IYH's 0.43% expense ratio.

Dividends

DXJ vs. IYH - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.09%, less than IYH's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IYH
iShares U.S. Healthcare ETF		1.25%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%

Frequently Asked Questions

DXJ and IYH have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYH has higher volatility (4.94%) compared to DXJ (4.64%). In terms of maximum drawdown, DXJ dropped -49.63% vs IYH's -43.12%.

On 10-year performance, DXJ leads with 18.72% vs 9.52% for IYH. On fees, IYH is cheaper at 0.43% per year. On volatility, DXJ has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DXJ has performed better with a 18.72% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYH is cheaper with a 0.43% expense ratio, compared with 0.48% for DXJ.

IYH has the higher dividend yield at 1.25%, compared with 1.09% for DXJ.

DXJ is categorized as Japan Equities, while IYH is Health & Biotech Equities. DXJ tracks WisdomTree Japan Hedged Equity Index, while IYH tracks Dow Jones U.S. Health Care Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DXJ and 0.43% for IYH.

DXJ currently has the higher Sharpe Ratio (3.02 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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