DXJ vs. QQQ
Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and Invesco QQQ (QQQ).
DXJ and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DXJ and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXJ or QQQ.
Correlation
The correlation between DXJ and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DXJ vs. QQQ - Performance Comparison
Key characteristics
DXJ:
0.22
QQQ:
0.47
DXJ:
0.39
QQQ:
0.81
DXJ:
1.06
QQQ:
1.11
DXJ:
0.19
QQQ:
0.51
DXJ:
0.57
QQQ:
1.67
DXJ:
7.50%
QQQ:
6.93%
DXJ:
25.82%
QQQ:
25.14%
DXJ:
-49.63%
QQQ:
-82.98%
DXJ:
-3.57%
QQQ:
-9.36%
Returns By Period
In the year-to-date period, DXJ achieves a 0.33% return, which is significantly higher than QQQ's -4.34% return. Over the past 10 years, DXJ has underperformed QQQ with an annualized return of 10.21%, while QQQ has yielded a comparatively higher 17.21% annualized return.
DXJ
0.33%
15.57%
1.98%
5.64%
23.86%
10.21%
QQQ
-4.34%
17.36%
-4.62%
11.64%
17.57%
17.21%
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DXJ vs. QQQ - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
DXJ vs. QQQ — Risk-Adjusted Performance Rank
DXJ
QQQ
DXJ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Invesco QQQ (QQQ). 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.
Dividends
DXJ vs. QQQ - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 3.20%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 3.20% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
DXJ vs. QQQ - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DXJ and QQQ. For additional features, visit the drawdowns tool.
Volatility
DXJ vs. QQQ - Volatility Comparison
The current volatility for WisdomTree Japan Hedged Equity Fund (DXJ) is 11.57%, while Invesco QQQ (QQQ) has a volatility of 13.83%. This indicates that DXJ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.