DXJP.L vs. HSXD.L

Last updated Jul 16, 2026

DXJP.L (WisdomTree Japan Equity UCITS ETF GBP Hedged) and HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) are both Japan Equities funds - DXJP.L tracks the WisdomTree Japan Equity Index (GBP Hedged) while HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. Both are passively managed. Over the past 5 years, DXJP.L returned 26.60%/yr vs 10.61%/yr for HSXD.L. At a 0.44 correlation, their price movements are largely independent. DXJP.L charges 0.45%/yr vs 0.25%/yr for HSXD.L.

Performance

DXJP.L vs. HSXD.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 HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DXJP.L is traded in GBp, while HSXD.L is traded in USD. To make them comparable, the HSXD.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 22.75% return, which is significantly lower than HSXD.L's 28.49% return.

DXJP.L

• 1D: -0.67%
• 1M: 2.15%
• 6M: 15.81%
• YTD: 22.75%
• 1Y: 54.52%
• 3Y*: 32.58%
• 5Y*: 26.60%
• 10Y*: 17.42%

HSXD.L

• 1D: 0.00%
• 1M: -6.62%
• 6M: 22.63%
• YTD: 28.49%
• 1Y: 46.26%
• 3Y*: 23.18%
• 5Y*: 10.61%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	22.75%	33.41%	28.49%	40.34%	4.78%	16.94%	13.85%
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF	28.49%	22.92%	16.84%	-0.98%	-5.93%	0.23%	18.37%

Correlation

The correlation between DXJP.L and HSXD.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020	0.44

Return for Risk

DXJP.L vs. HSXD.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: 93
DXJP.L Sharpe Ratio Rank: 93
DXJP.L Sortino Ratio Rank: 92
DXJP.L Omega Ratio Rank: 91
DXJP.L Calmar Ratio Rank: 94
DXJP.L Martin Ratio Rank: 92

HSXD.L

HSXD.L Risk / Return Rank: 78
HSXD.L Sharpe Ratio Rank: 80
HSXD.L Sortino Ratio Rank: 75
HSXD.L Omega Ratio Rank: 79
HSXD.L Calmar Ratio Rank: 83
HSXD.L Martin Ratio Rank: 74

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. HSXD.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 HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.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.

	DXJP.L	HSXD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.18	+0.55
Sortino ratio: Return per unit of downside risk	3.65	2.87	+0.78
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	5.40	4.26	+1.13
Martin ratio: Return relative to average drawdown	18.25	11.85	+6.40

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

The current DXJP.L Sharpe Ratio is 2.72, which is comparable to the HSXD.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DXJP.L and HSXD.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.

Drawdowns

DXJP.L vs. HSXD.L - Drawdown Comparison

The maximum DXJP.L drawdown since its inception was -41.95%, which is greater than HSXD.L's maximum drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for DXJP.L and HSXD.L.

Drawdown Indicators

	DXJP.L	HSXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.95%	-25.81%	-16.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-10.80%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-22.88%	-18.43%	-4.45%
Max Drawdown (5Y) Largest decline over 5 years	-22.88%	-20.21%	-2.67%
Max Drawdown (10Y) Largest decline over 10 years	-41.95%	—	—
Current Drawdown Current decline from peak	-1.55%	-10.43%	+8.88%
Average Drawdown Average peak-to-trough decline	-8.43%	-9.46%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.89%	-0.91%

Volatility

DXJP.L vs. HSXD.L - Volatility Comparison

The current volatility for WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) is 6.08%, while HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a volatility of 9.79%. This indicates that DXJP.L experiences smaller price fluctuations and is considered to be less risky than HSXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJP.L	HSXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	9.79%	-3.71%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	19.00%	-3.11%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	21.13%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	17.85%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	17.53%	+1.45%

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

DXJP.L has a 0.45% expense ratio, which is higher than HSXD.L's 0.25% expense ratio.

Dividends

DXJP.L vs. HSXD.L - Dividend Comparison

DXJP.L's dividend yield for the trailing twelve months is around 0.84%, while HSXD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	0.84%	1.58%	1.61%	1.92%	2.49%	1.62%	1.64%	2.26%	2.41%	1.34%	0.62%
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXJP.L and HSXD.L in my portfolio?

DXJP.L and HSXD.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXJP.L or HSXD.L?

On fees, HSXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXJP.L or HSXD.L?

HSXD.L is cheaper with a 0.25% expense ratio, compared with 0.45% for DXJP.L.

What is the main difference between DXJP.L and HSXD.L?

DXJP.L tracks WisdomTree Japan Equity Index (GBP Hedged), while HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. They also come from different issuers: WisdomTree and HSBC. Their fees differ too: 0.45% for DXJP.L and 0.25% for HSXD.L.