DXJA.L vs. CJPU.L
DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, DXJA.L returned 26.73%/yr vs 8.69%/yr for CJPU.L. A 0.79 correlation means they provide meaningful diversification when combined. DXJA.L charges 0.48%/yr vs 0.12%/yr for CJPU.L.
Performance
DXJA.L vs. CJPU.L - Performance Comparison
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Returns By Period
In the year-to-date period, DXJA.L achieves a 20.17% return, which is significantly higher than CJPU.L's 12.44% return.
DXJA.L
- 1D
- -2.34%
- 1M
- -2.57%
- 6M
- 11.14%
- YTD
- 20.17%
- 1Y
- 50.98%
- 3Y*
- 31.14%
- 5Y*
- 26.73%
- 10Y*
- —
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
DXJA.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 20.17% | 33.46% | 28.94% | 41.24% | 6.24% | 17.35% | 4.48% | 17.49% | -18.94% | 18.13% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -13.50% | 19.23% |
Correlation
The correlation between DXJA.L and CJPU.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2017 | 0.79 |
The correlation between DXJA.L and CJPU.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
DXJA.L vs. CJPU.L — Risk / Return Rank
DXJA.L
CJPU.L
DXJA.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L). 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.
| DXJA.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 2.37 | +2.65 |
| Martin ratioReturn relative to average drawdown | 17.22 | 7.70 | +9.52 |
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Drawdowns
DXJA.L vs. CJPU.L - Drawdown Comparison
The maximum DXJA.L drawdown since its inception was -37.51%, which is greater than CJPU.L's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for DXJA.L and CJPU.L.
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Drawdown Indicators
| DXJA.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -32.64% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -12.79% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.01% | -14.74% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.01% | -32.64% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -4.25% | -7.07% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -5.86% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.94% | -0.99% |
Volatility
DXJA.L vs. CJPU.L - Volatility Comparison
The current volatility for WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) is 6.13%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 7.14%. This indicates that DXJA.L experiences smaller price fluctuations and is considered to be less risky than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJA.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 7.14% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 18.29% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 21.85% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 18.44% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 17.12% | +2.13% |
DXJA.L vs. CJPU.L - Expense Ratio Comparison
DXJA.L has a 0.48% expense ratio, which is higher than CJPU.L's 0.12% expense ratio.
Dividends
DXJA.L vs. CJPU.L - Dividend Comparison
Neither DXJA.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
DXJA.L and CJPU.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.48% for DXJA.L.
DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DXJA.L and 0.12% for CJPU.L.
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