DXJA.L vs. IDJP.L
DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds - DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 5 years, DXJA.L returned 26.73%/yr vs 7.23%/yr for IDJP.L. A 0.69 correlation means they provide meaningful diversification when combined. DXJA.L charges 0.48%/yr vs 0.58%/yr for IDJP.L.
Performance
DXJA.L vs. IDJP.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 IDJP.L's 12.62% 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*
- —
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
DXJA.L vs. IDJP.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% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -16.75% | 24.32% |
Correlation
The correlation between DXJA.L and IDJP.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2017 | 0.69 |
The correlation between DXJA.L and IDJP.L has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
DXJA.L vs. IDJP.L — Risk / Return Rank
DXJA.L
IDJP.L
DXJA.L vs. IDJP.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 Small Cap UCITS ETF USD (Dist) (IDJP.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 | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| 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 | 2.09 | +2.93 |
| Martin ratioReturn relative to average drawdown | 17.22 | 6.67 | +10.56 |
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Drawdowns
DXJA.L vs. IDJP.L - Drawdown Comparison
The maximum DXJA.L drawdown since its inception was -37.51%, smaller than the maximum IDJP.L drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for DXJA.L and IDJP.L.
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Drawdown Indicators
| DXJA.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -39.64% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -12.50% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.01% | -12.50% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.01% | -32.90% | +9.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.78% | — |
Current DrawdownCurrent decline from peak | -4.25% | -4.95% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.76% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.93% | -0.98% |
Volatility
DXJA.L vs. IDJP.L - Volatility Comparison
WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) has a higher volatility of 6.13% compared to iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) at 5.64%. This indicates that DXJA.L's price experiences larger fluctuations and is considered to be riskier than IDJP.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 | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 5.64% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 15.91% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 18.26% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.42% | 16.36% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 16.66% | +2.59% |
DXJA.L vs. IDJP.L - Expense Ratio Comparison
DXJA.L has a 0.48% expense ratio, which is lower than IDJP.L's 0.58% expense ratio.
Dividends
DXJA.L vs. IDJP.L - Dividend Comparison
DXJA.L has not paid dividends to shareholders, while IDJP.L's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
Frequently Asked Questions
DXJA.L and IDJP.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJA.L is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJA.L is cheaper with a 0.48% expense ratio, compared with 0.58% for IDJP.L.
DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index, while IDJP.L tracks MSCI Japan Small Cap Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DXJA.L and 0.58% for IDJP.L.
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