PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DXJ vs. STPZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXJ vs. STPZ

Last updated Jun 4, 2026

DXJ (WisdomTree Japan Hedged Equity Fund) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). Both are passively managed. Over the past 10 years, DXJ returned 18.33%/yr vs 2.89%/yr for STPZ. At a correlation of -0.10, they often move in opposite directions. DXJ charges 0.48%/yr vs 0.20%/yr for STPZ.

Performance

DXJ vs. STPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged Equity Fund (DXJ) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DXJ achieves a 19.64% return, which is significantly higher than STPZ's 1.79% return. Over the past 10 years, DXJ has outperformed STPZ with an annualized return of 18.33%, while STPZ has yielded a comparatively lower 2.89% annualized return.

DXJ

1D
0.74%
1M
7.24%
YTD
19.64%
6M
24.36%
1Y
53.93%
3Y*
33.15%
5Y*
26.13%
10Y*
18.33%

STPZ

1D
-0.00%
1M
-0.09%
YTD
1.79%
6M
1.77%
1Y
4.51%
3Y*
5.03%
5Y*
2.90%
10Y*
2.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJ vs. STPZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXJ
WisdomTree Japan Hedged Equity Fund		19.64%32.78%29.83%42.04%5.96%17.99%3.94%18.94%-19.78%22.81%
STPZ
PIMCO 1-5 Year US TIPS Index ETF		1.79%6.40%4.30%4.28%-4.49%5.64%5.44%4.83%0.04%0.51%

Correlation

The correlation between DXJ and STPZ is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.19

Correlation (3Y)
Calculated over the trailing 3-year period

-0.09

Correlation (5Y)
Calculated over the trailing 5-year period

-0.07

Correlation (10Y)
Calculated over the trailing 10-year period

-0.10

Correlation (All Time)
Calculated using the full available price history since Aug 24, 2009

-0.10

The correlation between DXJ and STPZ shifts across timeframes, from -0.19 (1 year) to -0.07 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Japan Hedged Equity Fund

PIMCO 1-5 Year US TIPS Index ETF

Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP
Often compared with STPZ:
STPZ vs. STIPSTPZ vs. JPSTSTPZ vs. SPIRSTPZ vs. VTIPSTPZ vs. GTIPSTPZ vs. TIPSTPZ vs. FTBFX

Return for Risk

DXJ vs. STPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJ
DXJ Risk / Return Rank: 8888
Overall Rank
DXJ Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 8989
Sortino Ratio Rank
DXJ Omega Ratio Rank: 8888
Omega Ratio Rank
DXJ Calmar Ratio Rank: 8686
Calmar Ratio Rank
DXJ Martin Ratio Rank: 8787
Martin Ratio Rank
STPZ
STPZ Risk / Return Rank: 8282
Overall Rank
STPZ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
STPZ Sortino Ratio Rank: 8686
Sortino Ratio Rank
STPZ Omega Ratio Rank: 8080
Omega Ratio Rank
STPZ Calmar Ratio Rank: 8686
Calmar Ratio Rank
STPZ Martin Ratio Rank: 8181
Martin Ratio Rank
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. STPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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.

DXJSTPZDifference

Sharpe ratio

Return per unit of total volatility

3.11

2.49

+0.62

Sortino ratio

Return per unit of downside risk

4.20

3.94

+0.26

Omega ratio

Gain probability vs. loss probability

1.56

1.49

+0.07

Calmar ratio

Return relative to maximum drawdown

4.94

4.87

+0.07

Martin ratio

Return relative to average drawdown

19.29

16.28

+3.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXJ vs. STPZ - Sharpe Ratio Comparison

The current DXJ Sharpe Ratio is 3.11, which is comparable to the STPZ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of DXJ and STPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

DXJSTPZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.11

2.49

+0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.39

0.89

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.91

0.97

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.90

-0.48

Drawdowns

DXJ vs. STPZ - Drawdown Comparison

The maximum DXJ drawdown since its inception was -49.63%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for DXJ and STPZ.

Loading charts...

Drawdown Indicators

DXJSTPZDifference

Max Drawdown

Largest peak-to-trough decline

-49.63%

-6.77%

-42.86%

Max Drawdown (1Y)

Largest decline over 1 year

-10.98%

-0.93%

-10.05%

Max Drawdown (3Y)

Largest decline over 3 years

-22.19%

-1.35%

-20.84%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-6.70%

-15.49%

Max Drawdown (10Y)

Largest decline over 10 years

-39.14%

-6.77%

-32.37%

Current Drawdown

Current decline from peak

0.00%

-0.11%

+0.11%

Average Drawdown

Average peak-to-trough decline

-14.34%

-1.31%

-13.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

0.28%

+2.53%

Volatility

DXJ vs. STPZ - Volatility Comparison

WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 3.55% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.46%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DXJSTPZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

0.46%

+3.09%

Volatility (6M)

Calculated over the trailing 6-month period

13.09%

1.20%

+11.89%

Volatility (1Y)

Calculated over the trailing 1-year period

17.44%

1.83%

+15.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.96%

3.29%

+15.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.18%

2.98%

+17.20%

DXJ vs. STPZ - Expense Ratio Comparison

DXJ has a 0.48% expense ratio, which is higher than STPZ's 0.20% expense ratio.

Dividends

DXJ vs. STPZ - Dividend Comparison

DXJ's dividend yield for the trailing twelve months is around 1.08%, less than STPZ's 4.10% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
STPZ
PIMCO 1-5 Year US TIPS Index ETF		4.10%3.65%1.97%1.63%5.88%3.65%1.86%1.76%2.23%1.51%0.65%0.49%

Frequently Asked Questions

DXJ and STPZ have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DXJ has higher volatility (3.55%) compared to STPZ (0.46%). In terms of maximum drawdown, DXJ dropped -49.63% vs STPZ's -6.77%.

On 10-year performance, DXJ leads with 18.33% vs 2.89% for STPZ. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.46%. 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 18.33% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

STPZ is cheaper with a 0.20% expense ratio, compared with 0.48% for DXJ.

STPZ has the higher dividend yield at 4.10%, compared with 1.08% for DXJ.

DXJ is categorized as Japan Equities, while STPZ is Inflation-Protected Bonds. DXJ tracks WisdomTree Japan Hedged Equity Index, while STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y). They also come from different issuers: WisdomTree and PIMCO. Their fees differ too: 0.48% for DXJ and 0.20% for STPZ.

DXJ currently has the higher Sharpe Ratio (3.11 vs 2.49), 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.

Portfolio Optimizer

Find the right allocation for DXJ and STPZ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer