DXJA.L vs. ISJP.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L).

DXJA.L and ISJP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXJA.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity UCITS Index. It was launched on Mar 9, 2017. ISJP.L is a passively managed fund by iShares that tracks the performance of the MSCI Japan Small Cap NR JPY. It was launched on May 9, 2008. Both DXJA.L and ISJP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DXJA.L vs. ISJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L). The values are adjusted to include any dividend payments, if applicable.

DXJA.L vs. ISJP.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	13.43%	33.47%	28.93%	41.24%	6.17%	17.72%	3.40%	18.65%	-19.09%	15.41%
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist)	8.62%	30.01%	3.24%	12.66%	-12.49%	-2.90%	7.72%	18.51%	-16.97%	12.34%

Different Trading Currencies

DXJA.L is traded in USD, while ISJP.L is traded in GBp. To make them comparable, the ISJP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DXJA.L achieves a 13.43% return, which is significantly higher than ISJP.L's 8.62% return.

DXJA.L

• 1D: 4.77%
• 1M: -2.27%
• YTD: 13.43%
• 6M: 28.77%
• 1Y: 52.62%
• 3Y*: 35.68%
• 5Y*: 24.99%
• 10Y*: —

ISJP.L

• 1D: 4.38%
• 1M: -5.41%
• YTD: 8.62%
• 6M: 11.33%
• 1Y: 34.99%
• 3Y*: 16.34%
• 5Y*: 6.25%
• 10Y*: 8.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJA.L vs. ISJP.L - Expense Ratio Comparison

DXJA.L has a 0.48% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.

ISJP.L

iShares MSCI Japan Small Cap UCITS ETF (Dist)

DXJA.L

WisdomTree Japan Equity UCITS ETF USD Hedged Acc

Return for Risk

DXJA.L vs. ISJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXJA.L

DXJA.L Risk / Return Rank: 94
DXJA.L Sharpe Ratio Rank: 93
DXJA.L Sortino Ratio Rank: 93
DXJA.L Omega Ratio Rank: 93
DXJA.L Calmar Ratio Rank: 97
DXJA.L Martin Ratio Rank: 96

ISJP.L

ISJP.L Risk / Return Rank: 89
ISJP.L Sharpe Ratio Rank: 89
ISJP.L Sortino Ratio Rank: 91
ISJP.L Omega Ratio Rank: 89
ISJP.L Calmar Ratio Rank: 88
ISJP.L Martin Ratio Rank: 89

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.

DXJA.L vs. ISJP.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 (Dist) (ISJP.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.

	DXJA.L	ISJP.L	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.99	+0.29
Sortino ratio Return per unit of downside risk	2.91	2.71	+0.20
Omega ratio Gain probability vs. loss probability	1.44	1.37	+0.07
Calmar ratio Return relative to maximum drawdown	5.19	3.03	+2.16
Martin ratio Return relative to average drawdown	19.31	11.26	+8.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXJA.L vs. ISJP.L - Sharpe Ratio Comparison

The current DXJA.L Sharpe Ratio is 2.28, which is comparable to the ISJP.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of DXJA.L and ISJP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXJA.L	ISJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.99	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.46	0.39	+1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.33	+0.76

Correlation

The correlation between DXJA.L and ISJP.L is 0.48, 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.

Dividends

DXJA.L vs. ISJP.L - Dividend Comparison

DXJA.L has not paid dividends to shareholders, while ISJP.L's dividend yield for the trailing twelve months is around 1.75%.

	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%
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist)	1.75%	1.85%	1.73%	1.77%	1.99%	1.52%	1.58%	1.53%	1.39%	1.29%	1.07%	0.68%

Drawdowns

DXJA.L vs. ISJP.L - Drawdown Comparison

The maximum DXJA.L drawdown since its inception was -37.52%, smaller than the maximum ISJP.L drawdown of -41.35%. Use the drawdown chart below to compare losses from any high point for DXJA.L and ISJP.L.

Drawdown Indicators

	DXJA.L	ISJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.52%	-32.93%	-4.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-10.84%	-2.80%
Max Drawdown (5Y) Largest decline over 5 years	-23.00%	-21.01%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.98%	—
Current Drawdown Current decline from peak	-4.33%	-5.73%	+1.40%
Average Drawdown Average peak-to-trough decline	-5.93%	-6.24%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.67%	+0.05%

Volatility

DXJA.L vs. ISJP.L - Volatility Comparison

WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) has a higher volatility of 8.76% compared to iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) at 7.71%. This indicates that DXJA.L's price experiences larger fluctuations and is considered to be riskier than ISJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJA.L	ISJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.76%	7.71%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	13.02%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	22.95%	17.53%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.94%	16.20%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	16.47%	+7.54%