DXJ vs. JXI
DXJ (WisdomTree Japan Hedged Equity Fund) and JXI (iShares Global Utilities ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while JXI is a Utilities Equities fund tracking the S&P Global Utilities Index. Both are passively managed. Over the past 10 years, DXJ returned 18.75%/yr vs 9.13%/yr for JXI. At a 0.43 correlation, their price movements are largely independent. DXJ charges 0.48%/yr vs 0.46%/yr for JXI.
Performance
DXJ vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, DXJ achieves a 23.58% return, which is significantly higher than JXI's 10.38% return. Over the past 10 years, DXJ has outperformed JXI with an annualized return of 18.75%, while JXI has yielded a comparatively lower 9.13% annualized return.
DXJ
- 1D
- 1.10%
- 1M
- 4.08%
- 6M
- 16.14%
- YTD
- 23.58%
- 1Y
- 55.75%
- 3Y*
- 33.21%
- 5Y*
- 27.53%
- 10Y*
- 18.75%
JXI
- 1D
- 0.38%
- 1M
- 2.63%
- 6M
- 9.92%
- YTD
- 10.38%
- 1Y
- 18.83%
- 3Y*
- 15.60%
- 5Y*
- 10.34%
- 10Y*
- 9.13%
DXJ vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 23.58% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
JXI iShares Global Utilities ETF | 10.38% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between DXJ and JXI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2006 | 0.43 |
Over the past year, the correlation between DXJ and JXI has dropped to 0.21 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
DXJ vs. JXI — Risk / Return Rank
DXJ
JXI
DXJ vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and iShares Global Utilities ETF (JXI). 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 | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.26 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 2.34 | +2.76 |
| Martin ratioReturn relative to average drawdown | 19.41 | 6.46 | +12.96 |
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Drawdowns
DXJ vs. JXI - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, roughly equal to the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for DXJ and JXI.
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Drawdown Indicators
| DXJ | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -50.23% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -8.09% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -16.29% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -22.45% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.14% | -34.20% | -4.94% |
Current DrawdownCurrent decline from peak | -1.55% | -2.90% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -12.78% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.92% | -0.04% |
Volatility
DXJ vs. JXI - Volatility Comparison
WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 6.39% compared to iShares Global Utilities ETF (JXI) at 3.73%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than JXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJ | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 3.73% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 10.85% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 13.10% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 15.42% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 16.97% | +2.96% |
DXJ vs. JXI - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
DXJ vs. JXI - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 0.95%, less than JXI's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 0.95% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
JXI iShares Global Utilities ETF | 2.39% | 2.56% | 3.02% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% |
Frequently Asked Questions
DXJ and JXI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJ has higher volatility (6.39%) compared to JXI (3.73%). In terms of maximum drawdown, DXJ dropped -49.63% vs JXI's -50.23%.
On 10-year performance, DXJ leads with 18.75% vs 9.13% for JXI. On fees, JXI is cheaper at 0.46% per year. On volatility, JXI has been the lower-risk option at 3.73%. 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 18.75% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.48% for DXJ.
JXI has the higher dividend yield at 2.39%, compared with 0.95% for DXJ.
DXJ is categorized as Japan Equities, while JXI is Utilities Equities. DXJ tracks WisdomTree Japan Hedged Equity Index, while JXI tracks S&P Global Utilities Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DXJ and 0.46% for JXI.
DXJ currently has the higher Sharpe Ratio (3.06 vs 1.44), 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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