DXJ vs. VOO
Compare and contrast key facts about WisdomTree Japan Hedged Equity Fund (DXJ) and Vanguard S&P 500 ETF (VOO).
DXJ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DXJ and VOO 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 VOO.
Performance
DXJ vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with DXJ having a 24.76% return and VOO slightly lower at 24.51%. Over the past 10 years, DXJ has underperformed VOO with an annualized return of 11.37%, while VOO has yielded a comparatively higher 13.12% annualized return.
DXJ
24.76%
-0.02%
0.54%
22.13%
18.41%
11.37%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| DXJ | VOO | |
|---|---|---|
| Sharpe Ratio | 1.12 | 2.64 |
| Sortino Ratio | 1.48 | 3.53 |
| Omega Ratio | 1.22 | 1.49 |
| Calmar Ratio | 1.05 | 3.81 |
| Martin Ratio | 3.72 | 17.34 |
| Ulcer Index | 6.28% | 1.86% |
| Daily Std Dev | 20.89% | 12.20% |
| Max Drawdown | -49.63% | -33.99% |
| Current Drawdown | -7.29% | -2.16% |
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DXJ vs. VOO - Expense Ratio Comparison
DXJ has a 0.48% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between DXJ and VOO is 0.66, 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.
Risk-Adjusted Performance
DXJ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged Equity Fund (DXJ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
DXJ's dividend yield for the trailing twelve months is around 2.36%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 2.36% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
DXJ vs. VOO - Drawdown Comparison
The maximum DXJ drawdown since its inception was -49.63%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DXJ and VOO. For additional features, visit the drawdowns tool.
Volatility
DXJ vs. VOO - Volatility Comparison
WisdomTree Japan Hedged Equity Fund (DXJ) has a higher volatility of 4.93% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that DXJ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.