DXJG.L vs. CJPU.L
DXJG.L (WisdomTree Japan Equity UCITS ETF JPY Acc) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - DXJG.L tracks the TOPIX TR JPY while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 10 years, DXJG.L returned 10.69%/yr vs 8.56%/yr for CJPU.L. Their correlation of 0.81 suggests significant overlap in exposure. DXJG.L charges 0.40%/yr vs 0.12%/yr for CJPU.L.
Performance
DXJG.L vs. CJPU.L - Performance Comparison
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Different Trading Currencies
DXJG.L is traded in GBp, while CJPU.L is traded in USD. To make them comparable, the CJPU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DXJG.L achieves a 14.45% return, which is significantly higher than CJPU.L's 12.60% return. Over the past 10 years, DXJG.L has outperformed CJPU.L with an annualized return of 10.69%, while CJPU.L has yielded a comparatively lower 8.56% annualized return.
DXJG.L
- 1D
- -2.13%
- 1M
- -4.50%
- 6M
- 5.91%
- YTD
- 14.45%
- 1Y
- 33.28%
- 3Y*
- 18.38%
- 5Y*
- 13.91%
- 10Y*
- 10.69%
CJPU.L
- 1D
- -2.34%
- 1M
- -6.86%
- 6M
- 5.58%
- YTD
- 12.60%
- 1Y
- 30.09%
- 3Y*
- 14.94%
- 5Y*
- 9.18%
- 10Y*
- 8.56%
DXJG.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJG.L WisdomTree Japan Equity UCITS ETF JPY Acc | 14.45% | 19.87% | 13.08% | 18.87% | 1.09% | 6.32% | 5.73% | 12.68% | -11.82% | 11.96% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.60% | 17.14% | 9.20% | 14.24% | -7.49% | 1.45% | 12.67% | 13.16% | -8.37% | 13.37% |
Correlation
The correlation between DXJG.L and CJPU.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2015 | 0.81 |
The correlation between DXJG.L and CJPU.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
DXJG.L vs. CJPU.L — Risk / Return Rank
DXJG.L
CJPU.L
DXJG.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.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.
| DXJG.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.84 | +0.32 |
| Martin ratioReturn relative to average drawdown | 9.44 | 8.61 | +0.84 |
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Drawdowns
DXJG.L vs. CJPU.L - Drawdown Comparison
The maximum DXJG.L drawdown since its inception was -28.93%, which is greater than CJPU.L's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for DXJG.L and CJPU.L.
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Drawdown Indicators
| DXJG.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.93% | -24.62% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -10.54% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -14.29% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -18.51% | -1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -28.93% | -24.62% | -4.31% |
Current DrawdownCurrent decline from peak | -6.39% | -8.44% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -6.35% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.49% | +0.02% |
Volatility
DXJG.L vs. CJPU.L - Volatility Comparison
The current volatility for WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) is 5.80%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 6.83%. This indicates that DXJG.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
| DXJG.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 6.83% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 17.53% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 20.79% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 17.07% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 16.77% | +1.83% |
DXJG.L vs. CJPU.L - Expense Ratio Comparison
DXJG.L has a 0.40% expense ratio, which is higher than CJPU.L's 0.12% expense ratio.
Dividends
DXJG.L vs. CJPU.L - Dividend Comparison
Neither DXJG.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
DXJG.L and CJPU.L have a correlation of 0.86, 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 0.40% for DXJG.L.
DXJG.L tracks TOPIX TR JPY, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for DXJG.L and 0.12% for CJPU.L.
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