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DXJG.L vs. IEEM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXJG.L vs. IEEM.L

Last updated Jun 5, 2026

DXJG.L (WisdomTree Japan Equity UCITS ETF JPY Acc) and IEEM.L (iShares MSCI EM UCITS ETF (Dist)) are both exchange-traded funds - DXJG.L is a Japan Equities fund tracking the TOPIX TR JPY, while IEEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, DXJG.L returned 12.04%/yr vs 11.54%/yr for IEEM.L. A 0.54 correlation means they provide meaningful diversification when combined. DXJG.L charges 0.40%/yr vs 0.18%/yr for IEEM.L.

Performance

DXJG.L vs. IEEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) and iShares MSCI EM UCITS ETF (Dist) (IEEM.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXJG.L achieves a 17.18% return, which is significantly lower than IEEM.L's 25.90% return. Both investments have delivered pretty close results over the past 10 years, with DXJG.L having a 12.04% annualized return and IEEM.L not far behind at 11.54%.

DXJG.L

1D
0.25%
1M
6.33%
YTD
17.18%
6M
17.52%
1Y
36.74%
3Y*
19.56%
5Y*
14.28%
10Y*
12.04%

IEEM.L

1D
-1.34%
1M
6.63%
YTD
25.90%
6M
28.05%
1Y
55.14%
3Y*
21.65%
5Y*
9.24%
10Y*
11.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJG.L vs. IEEM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXJG.L
WisdomTree Japan Equity UCITS ETF JPY Acc		17.18%19.87%13.08%18.87%1.09%6.32%5.73%12.68%-13.96%14.74%
IEEM.L
iShares MSCI EM UCITS ETF (Dist)		25.90%26.66%9.88%3.86%-9.90%-1.38%15.96%12.64%-9.08%25.04%

Correlation

The correlation between DXJG.L and IEEM.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 5, 2015

0.54

The correlation between DXJG.L and IEEM.L shifts across timeframes, from 0.36 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

DXJG.L vs. IEEM.L - Sectors Allocation Comparison

Sectors
DXJG.L
IEEM.L

Industrials

28.3%
7.5%

Financial Services

19.4%
19.5%

Consumer Cyclical

16.4%
9.5%

Technology

12.8%
36.8%

Basic Materials

7.5%
6.5%

Healthcare

7.1%
2.9%

Communication Services

4.0%
6.9%

Consumer Defensive

2.6%
3.0%

Energy

2.0%
4.1%

Real Estate

-

1.1%

Utilities

-

2.1%

Industrials

DXJG.L
28.3%
IEEM.L
7.5%

Financial Services

DXJG.L
19.4%
IEEM.L
19.5%

Consumer Cyclical

DXJG.L
16.4%
IEEM.L
9.5%

Technology

DXJG.L
12.8%
IEEM.L
36.8%

Basic Materials

DXJG.L
7.5%
IEEM.L
6.5%

Healthcare

DXJG.L
7.1%
IEEM.L
2.9%

Communication Services

DXJG.L
4.0%
IEEM.L
6.9%

Consumer Defensive

DXJG.L
2.6%
IEEM.L
3.0%

Energy

DXJG.L
2.0%
IEEM.L
4.1%

Real Estate

DXJG.L

-

IEEM.L
1.1%

Utilities

DXJG.L

-

IEEM.L
2.1%

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WisdomTree Japan Equity UCITS ETF JPY Acc

iShares MSCI EM UCITS ETF (Dist)

Often compared with DXJG.L:
DXJG.L vs. DXJDXJG.L vs. XDJP.LDXJG.L vs. XDEM.LDXJG.L vs. LCJP.LDXJG.L vs. PRIJ.LDXJG.L vs. CSJP.LDXJG.L vs. JPJP.L
Often compared with IEEM.L:
IEEM.L vs. EIMI.LIEEM.L vs. VFEM.DEIEEM.L vs. HMEF.LIEEM.L vs. ISP6.LIEEM.L vs. 36B5.DEIEEM.L vs. VFEG.LIEEM.L vs. VOO

Return for Risk

DXJG.L vs. IEEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJG.L
DXJG.L Risk / Return Rank: 6363
Overall Rank
DXJG.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
DXJG.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
DXJG.L Omega Ratio Rank: 6161
Omega Ratio Rank
DXJG.L Calmar Ratio Rank: 7171
Calmar Ratio Rank
DXJG.L Martin Ratio Rank: 6161
Martin Ratio Rank
IEEM.L
IEEM.L Risk / Return Rank: 8989
Overall Rank
IEEM.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IEEM.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
IEEM.L Omega Ratio Rank: 9191
Omega Ratio Rank
IEEM.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
IEEM.L Martin Ratio Rank: 8585
Martin Ratio Rank
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.

DXJG.L vs. IEEM.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 EM UCITS ETF (Dist) (IEEM.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.

DXJG.LIEEM.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
3.23

-1.21

Sortino ratioReturn per unit of downside risk
2.80
4.13

-1.33

Omega ratioGain probability vs. loss probability

1.37

1.60

-0.23

Calmar ratioReturn relative to maximum drawdown

3.49

4.93

-1.45

Martin ratioReturn relative to average drawdown

10.82

17.58

-6.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXJG.L vs. IEEM.L - Sharpe Ratio Comparison

The current DXJG.L Sharpe Ratio is 2.01, which is lower than the IEEM.L Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of DXJG.L and IEEM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DXJG.LIEEM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

3.23

-1.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.57

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.64

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.41

+0.29

Drawdowns

DXJG.L vs. IEEM.L - Drawdown Comparison

The maximum DXJG.L drawdown since its inception was -29.26%, smaller than the maximum IEEM.L drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for DXJG.L and IEEM.L.

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Drawdown Indicators

DXJG.LIEEM.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.26%

-53.22%

+23.96%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-11.12%

+0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-14.83%

-15.47%

+0.64%

Max Drawdown (5Y)

Largest decline over 5 years

-14.83%

-23.27%

+8.44%

Max Drawdown (10Y)

Largest decline over 10 years

-29.26%

-26.63%

-2.63%

Current Drawdown

Current decline from peak

-0.86%

-2.43%

+1.57%

Average Drawdown

Average peak-to-trough decline

-5.34%

-10.41%

+5.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.39%

3.13%

+0.26%

Volatility

DXJG.L vs. IEEM.L - Volatility Comparison

The current volatility for WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) is 4.77%, while iShares MSCI EM UCITS ETF (Dist) (IEEM.L) has a volatility of 7.42%. This indicates that DXJG.L experiences smaller price fluctuations and is considered to be less risky than IEEM.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.LIEEM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

7.42%

-2.65%

Volatility (6M)

Calculated over the trailing 6-month period

14.81%

14.55%

+0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

18.17%

17.03%

+1.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.13%

16.32%

-0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.11%

18.11%

-2.00%

DXJG.L vs. IEEM.L - Expense Ratio Comparison

DXJG.L has a 0.40% expense ratio, which is higher than IEEM.L's 0.18% expense ratio.

Dividends

DXJG.L vs. IEEM.L - Dividend Comparison

DXJG.L has not paid dividends to shareholders, while IEEM.L's dividend yield for the trailing twelve months is around 2.01%.

PositionTTM20252024202320222021202020192018201720162015
DXJG.L
WisdomTree Japan Equity UCITS ETF JPY 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%
IEEM.L
iShares MSCI EM UCITS ETF (Dist)		2.01%2.48%2.86%2.91%3.40%2.74%1.98%2.32%2.51%1.86%2.09%3.38%

Frequently Asked Questions

DXJG.L and IEEM.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEEM.L is cheaper with a 0.18% expense ratio, compared with 0.40% for DXJG.L.

DXJG.L is categorized as Japan Equities, while IEEM.L is Emerging Markets Equities. DXJG.L tracks TOPIX TR JPY, while IEEM.L tracks MSCI EM NR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for DXJG.L and 0.18% for IEEM.L.

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