DXJ vs. JPAN
Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and Matthews Japan Active ETF (JPAN).
DXJ and JPAN 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. JPAN is an actively managed fund by Matthews. It was launched on Sep 21, 2023.
Performance
DXJ vs. JPAN - Performance Comparison
Loading graphics...
DXJ vs. JPAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 12.49% | 32.78% | 29.83% | -0.56% |
JPAN Matthews Japan Active ETF | 5.22% | 22.96% | 18.16% | 5.77% |
Returns By Period
In the year-to-date period, DXJ achieves a 12.49% return, which is significantly higher than JPAN's 5.22% return.
DXJ
- 1D
- 2.26%
- 1M
- -2.82%
- YTD
- 12.49%
- 6M
- 28.11%
- 1Y
- 50.78%
- 3Y*
- 35.37%
- 5Y*
- 24.88%
- 10Y*
- 17.51%
JPAN
- 1D
- 3.00%
- 1M
- -5.31%
- YTD
- 5.22%
- 6M
- 9.80%
- 1Y
- 29.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DXJ vs. JPAN - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is lower than JPAN's 0.79% expense ratio.
Return for Risk
DXJ vs. JPAN — Risk / Return Rank
DXJ
JPAN
DXJ vs. JPAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Matthews Japan Active ETF (JPAN). 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.
| DXJ | JPAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.24 | 1.39 | +0.85 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.98 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.27 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.00 | +1.92 |
Martin ratioReturn relative to average drawdown | 15.24 | 7.54 | +7.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DXJ | JPAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.39 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.10 | -0.69 |
Correlation
The correlation between DXJ and JPAN is 0.77, 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.
Dividends
DXJ vs. JPAN - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 1.15%, less than JPAN's 4.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.15% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
JPAN Matthews Japan Active ETF | 4.85% | 5.10% | 1.53% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DXJ vs. JPAN - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, which is greater than JPAN's maximum drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for DXJ and JPAN.
Loading graphics...
Drawdown Indicators
| DXJ | JPAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -15.24% | -34.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -14.59% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.14% | — | — |
Current DrawdownCurrent decline from peak | -4.69% | -8.64% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -14.44% | -3.06% | -11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.86% | -0.61% |
Volatility
DXJ vs. JPAN - Volatility Comparison
The current volatility for WisdomTree Japan Hedged Equity Fund (DXJ) is 7.27%, while Matthews Japan Active ETF (JPAN) has a volatility of 9.10%. This indicates that DXJ experiences smaller price fluctuations and is considered to be less risky than JPAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DXJ | JPAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 9.10% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 15.22% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 21.62% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 19.15% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.51% | 19.15% | +1.36% |