DXJ vs. QGRW

Last updated Aug 4, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and QGRW (WisdomTree U.S. Quality Growth Fund) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while QGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Growth Index. Both are passively managed. Over the past 3 years, DXJ returned 30.24%/yr vs 26.47%/yr for QGRW. Their 0.46 correlation means their historical movements had little consistent relationship. DXJ charges 0.48%/yr vs 0.28%/yr for QGRW.

Performance

DXJ vs. QGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, DXJ achieves a 19.19% return, which is significantly higher than QGRW's 13.60% return.

DXJ

• 1D: -1.70%
• 1M: -2.32%
• 6M: 11.80%
• YTD: 19.19%
• 1Y: 46.73%
• 3Y*: 30.24%
• 5Y*: 26.79%
• 10Y*: 18.44%
• ALL TIME*: 9.34%

QGRW

• 1D: 2.43%
• 1M: 2.33%
• 6M: 12.72%
• YTD: 13.60%
• 1Y: 25.74%
• 3Y*: 26.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXJ WisdomTree Japan Hedged Equity Fund	$74.17M	$64.25M	$59.52M
QGRW WisdomTree U.S. Quality Growth Fund	$11.72M	$14.19M	$19.88M

DXJ vs. QGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DXJ WisdomTree Japan Hedged Equity Fund	19.19%	32.78%	29.83%	42.04%	-3.77%
QGRW WisdomTree U.S. Quality Growth Fund	13.60%	19.20%	34.85%	56.05%	-3.07%

Correlation

The correlation between DXJ and QGRW is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.46

DXJ vs. QGRW - Sectors Allocation Comparison

Sectors	DXJ	QGRW
Industrials	29.5%	9.3%
Financial Services	18.3%	3.7%
Consumer Cyclical	13.3%	13.4%
Technology	12.9%	50.7%
Basic Materials	9.1%	-
Healthcare	6.8%	5.5%
Consumer Defensive	4.7%	0.5%
Communication Services	2.3%	15.4%
Energy	1.7%	0.5%
Utilities	0.1%	0.9%
Real Estate	-	-

Return for Risk

DXJ vs. QGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 94
DXJ Sortino Ratio Rank: 92
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 92
DXJ Martin Ratio Rank: 92

QGRW

QGRW Risk / Return Rank: 50
QGRW Sharpe Ratio Rank: 53
QGRW Sortino Ratio Rank: 52
QGRW Omega Ratio Rank: 51
QGRW Calmar Ratio Rank: 46
QGRW Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DXJ vs. QGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and WisdomTree U.S. Quality Growth Fund (QGRW). 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	QGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.33	+1.27
Sortino ratio: Return per unit of downside risk	3.38	1.87	+1.51
Omega ratio: Gain probability vs. loss probability	1.46	1.23	+0.23
Calmar ratio: Return relative to maximum drawdown	4.28	1.67	+2.60
Martin ratio: Return relative to average drawdown	15.89	5.72	+10.17

DXJ vs. QGRW - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 2.60, which is higher than the QGRW Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of DXJ and QGRW, 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. QGRW - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than QGRW's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for DXJ and QGRW.

Drawdown Indicators

	DXJ	QGRW	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-24.40%	-25.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-15.44%	+4.46%
Max Drawdown (3Y) Largest decline over 3 years	-22.19%	-24.40%	+2.21%
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	-5.05%	-2.89%	-2.16%
Average Drawdown Average peak-to-trough decline	-14.24%	-3.34%	-10.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	4.51%	-1.56%

Volatility

DXJ vs. QGRW - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) and WisdomTree U.S. Quality Growth Fund (QGRW) have volatilities of 6.27% and 6.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJ	QGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	6.27%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	15.99%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.12%	19.53%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	21.26%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	21.26%	-1.35%

DXJ vs. QGRW - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is higher than QGRW's 0.28% expense ratio.

Dividends

DXJ vs. QGRW - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 0.98%, more than QGRW's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	0.98%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
QGRW WisdomTree U.S. Quality Growth Fund	0.08%	0.09%	0.14%	0.11%	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 QGRW in my portfolio?

DXJ and QGRW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXJ or QGRW?

QGRW has higher volatility (6.27%) compared to DXJ (6.27%). In terms of maximum drawdown, DXJ dropped -49.63% vs QGRW's -24.40%.

Which ETF is better, DXJ or QGRW?

On 3-year performance, DXJ leads with 30.24% vs 26.47% for QGRW. On fees, QGRW is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DXJ or QGRW?

Over the 3-year period, DXJ has performed better with a 30.24% return vs 26.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DXJ or QGRW?

QGRW is cheaper with a 0.28% expense ratio, compared with 0.48% for DXJ.

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

DXJ has the higher dividend yield at 0.98%, compared with 0.08% for QGRW.

What is the main difference between DXJ and QGRW?

DXJ is categorized as Japan Equities, while QGRW is Quality Factor. DXJ tracks WisdomTree Japan Hedged Equity Index, while QGRW tracks WisdomTree U.S. Quality Growth Index. Their fees differ too: 0.48% for DXJ and 0.28% for QGRW.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.60 vs 1.33), 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.