DXJ vs. MJSC

Last updated Jun 24, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and MJSC (MUFG Japan Small Cap Active ETF) are both Japan Equities funds. DXJ is passively managed, while MJSC is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. DXJ charges 0.48%/yr vs 0.85%/yr for MJSC.

Performance

DXJ vs. MJSC - Performance Comparison

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

Returns By Period

In the year-to-date period, DXJ achieves a 20.23% return, which is significantly lower than MJSC's 22.08% return.

DXJ

• 1D: -3.57%
• 1M: 2.21%
• YTD: 20.23%
• 6M: 20.18%
• 1Y: 55.89%
• 3Y*: 31.66%
• 5Y*: 26.40%
• 10Y*: 19.25%

MJSC

• 1D: -3.44%
• 1M: -0.52%
• YTD: 22.08%
• 6M: 21.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DXJ vs. MJSC - Yearly Performance Comparison

	2026 (YTD)	2025
DXJ WisdomTree Japan Hedged Equity Fund	20.23%	12.22%
MJSC MUFG Japan Small Cap Active ETF	22.08%	-0.05%

Correlation

The correlation between DXJ and MJSC is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.78

Return for Risk

DXJ vs. MJSC — Risk / Return Rank

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

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 90
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 89
DXJ Martin Ratio Rank: 90

MJSC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MJSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and MUFG Japan Small Cap Active ETF (MJSC). 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	MJSC	Difference
Sharpe ratio: Return per unit of total volatility	3.10	—	—
Sortino ratio: Return per unit of downside risk	4.02	—	—
Omega ratio: Gain probability vs. loss probability	1.55	—	—
Calmar ratio: Return relative to maximum drawdown	5.12	—	—
Martin ratio: Return relative to average drawdown	19.78	—	—

Drawdowns

DXJ vs. MJSC - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than MJSC's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for DXJ and MJSC.

Drawdown Indicators

	DXJ	MJSC	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-12.63%	-37.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.14%	—	—
Current Drawdown Current decline from peak	-3.57%	-3.44%	-0.13%
Average Drawdown Average peak-to-trough decline	-14.30%	-2.94%	-11.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	—	—

Volatility

Volatility by Period

	DXJ	MJSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	20.85%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	20.85%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	20.85%	-0.85%

DXJ vs. MJSC - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is lower than MJSC's 0.85% expense ratio.

Dividends

DXJ vs. MJSC - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.08%, more than MJSC's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
MJSC MUFG Japan Small Cap Active ETF	0.54%	0.66%	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 MJSC in my portfolio?

DXJ and MJSC have a correlation of 0.78, 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 MJSC?

On fees, DXJ is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXJ or MJSC?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.85% for MJSC.

Which ETF pays a higher dividend yield, DXJ or MJSC?

DXJ has the higher dividend yield at 1.08%, compared with 0.54% for MJSC.

What is the main difference between DXJ and MJSC?

They also come from different issuers: WisdomTree and MUFG. Their fees differ too: 0.48% for DXJ and 0.85% for MJSC.