DXJP.L vs. DXJA.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L).

DXJP.L and DXJA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXJP.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Equity Index (GBP Hedged). It was launched on Mar 9, 2017. 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. Both DXJP.L and DXJA.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

DXJP.L vs. DXJA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L). The values are adjusted to include any dividend payments, if applicable.

DXJP.L vs. DXJA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	13.65%	33.41%	28.49%	40.34%	4.78%	16.94%	3.19%	14.23%	-20.57%	14.24%
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc	15.30%	23.96%	31.18%	34.18%	17.73%	18.52%	0.41%	14.91%	-14.34%	10.49%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DXJP.L achieves a 13.65% return, which is significantly lower than DXJA.L's 15.30% return.

DXJP.L

• 1D: 4.74%
• 1M: -2.03%
• YTD: 13.65%
• 6M: 28.75%
• 1Y: 52.69%
• 3Y*: 35.38%
• 5Y*: 24.33%
• 10Y*: 16.26%

DXJA.L

• 1D: 4.53%
• 1M: -1.17%
• YTD: 15.30%
• 6M: 30.94%
• 1Y: 48.79%
• 3Y*: 32.46%
• 5Y*: 26.06%
• 10Y*: —

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

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

DXJP.L has a 0.45% expense ratio, which is lower than DXJA.L's 0.48% expense ratio.

DXJA.L

WisdomTree Japan Equity UCITS ETF USD Hedged Acc

DXJP.L

WisdomTree Japan Equity UCITS ETF GBP Hedged

Return for Risk

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

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

DXJP.L

DXJP.L Risk / Return Rank: 95
DXJP.L Sharpe Ratio Rank: 94
DXJP.L Sortino Ratio Rank: 94
DXJP.L Omega Ratio Rank: 94
DXJP.L Calmar Ratio Rank: 97
DXJP.L Martin Ratio Rank: 96

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

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.

DXJP.L vs. DXJA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.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.

	DXJP.L	DXJA.L	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.08	+0.27
Sortino ratio Return per unit of downside risk	2.99	2.65	+0.33
Omega ratio Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio Return relative to maximum drawdown	5.22	5.40	-0.18
Martin ratio Return relative to average drawdown	19.23	18.03	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DXJP.L Sharpe Ratio is 2.35, which is comparable to the DXJA.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DXJP.L and DXJA.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

	DXJP.L	DXJA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.08	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.29	1.48	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.07	-0.40

Correlation

The correlation between DXJP.L and DXJA.L is 0.61, 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

DXJP.L vs. DXJA.L - Dividend Comparison

DXJP.L's dividend yield for the trailing twelve months is around 1.49%, while DXJA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	1.49%	1.58%	1.61%	1.92%	2.49%	1.62%	1.97%	2.26%	2.41%	1.34%	0.62%
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%

Drawdowns

DXJP.L vs. DXJA.L - Drawdown Comparison

The maximum DXJP.L drawdown since its inception was -41.75%, which is greater than DXJA.L's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for DXJP.L and DXJA.L.

Drawdown Indicators

	DXJP.L	DXJA.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.75%	-37.52%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-13.64%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-22.88%	-23.00%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-41.75%	—	—
Current Drawdown Current decline from peak	-4.46%	-4.33%	-0.13%
Average Drawdown Average peak-to-trough decline	-8.53%	-5.93%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.72%	+0.01%

Volatility

DXJP.L vs. DXJA.L - Volatility Comparison

The current volatility for WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) is 8.58%, while WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) has a volatility of 9.10%. This indicates that DXJP.L experiences smaller price fluctuations and is considered to be less risky than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJP.L	DXJA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	9.10%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	16.14%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	23.38%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	21.52%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	24.03%	-4.40%