PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DXJP.L vs. PAJS.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DXJP.L vs. PAJS.L

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) and Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L).

DXJP.L and PAJS.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. PAJS.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Dec 6, 2021. Both DXJP.L and PAJS.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. PAJS.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 Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)20252024202320222021
DXJP.L
WisdomTree Japan Equity UCITS ETF GBP Hedged		8.51%33.41%28.49%40.34%4.78%0.98%
PAJS.L
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc		-1.68%13.24%0.76%8.67%-14.19%-3.23%

Returns By Period

In the year-to-date period, DXJP.L achieves a 8.51% return, which is significantly higher than PAJS.L's -1.68% return.

DXJP.L

1D
-0.22%
1M
-8.78%
YTD
8.51%
6M
22.33%
1Y
44.64%
3Y*
33.31%
5Y*
23.19%
10Y*
15.72%

PAJS.L

1D
0.66%
1M
-10.30%
YTD
-1.68%
6M
0.34%
1Y
12.26%
3Y*
5.40%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Japan Equity UCITS ETF GBP Hedged

Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc

Often compared with DXJP.L:
DXJP.L vs. FJPS.LDXJP.L vs. HMJP.LDXJP.L vs. JRIE.LDXJP.L vs. EEJG.LDXJP.L vs. JPSR.LDXJP.L vs. SJPA.LDXJP.L vs. MXJP.L
Often compared with PAJS.L:
PAJS.L vs. IJPE.LPAJS.L vs. EEJG.LPAJS.L vs. DXJG.LPAJS.L vs. HSJP.LPAJS.L vs. FJPS.LPAJS.L vs. HMJP.LPAJS.L vs. JPJP.L

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

DXJP.L has a 0.45% expense ratio, which is higher than PAJS.L's 0.19% expense ratio.

DXJP.L
WisdomTree Japan Equity UCITS ETF GBP Hedged
PAJS.L
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc

Return for Risk

DXJP.L vs. PAJS.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: 9191
Overall Rank
DXJP.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
DXJP.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
DXJP.L Omega Ratio Rank: 9090
Omega Ratio Rank
DXJP.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
DXJP.L Martin Ratio Rank: 9393
Martin Ratio Rank
PAJS.L
PAJS.L Risk / Return Rank: 3636
Overall Rank
PAJS.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
PAJS.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
PAJS.L Omega Ratio Rank: 3232
Omega Ratio Rank
PAJS.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
PAJS.L Martin Ratio Rank: 3838
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.

DXJP.L vs. PAJS.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 Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.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.LPAJS.LDifference

Sharpe ratio

Return per unit of total volatility

2.03

0.68

+1.35

Sortino ratio

Return per unit of downside risk

2.62

1.08

+1.54

Omega ratio

Gain probability vs. loss probability

1.39

1.13

+0.26

Calmar ratio

Return relative to maximum drawdown

3.29

1.01

+2.28

Martin ratio

Return relative to average drawdown

13.88

3.55

+10.33

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. PAJS.L - Sharpe Ratio Comparison

The current DXJP.L Sharpe Ratio is 2.03, which is higher than the PAJS.L Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of DXJP.L and PAJS.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.

Loading graphics...

Sharpe Ratios by Period

DXJP.LPAJS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.03

0.68

+1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.01

+0.63

Correlation

The correlation between DXJP.L and PAJS.L is 0.65, 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. PAJS.L - Dividend Comparison

DXJP.L's dividend yield for the trailing twelve months is around 1.56%, while PAJS.L has not paid dividends to shareholders.

TTM2025202420232022202120202019201820172016
DXJP.L
WisdomTree Japan Equity UCITS ETF GBP Hedged		1.56%1.58%1.61%1.92%2.49%1.62%1.97%2.26%2.41%1.34%0.62%
PAJS.L
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF 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. PAJS.L - Drawdown Comparison

The maximum DXJP.L drawdown since its inception was -41.75%, which is greater than PAJS.L's maximum drawdown of -29.71%. Use the drawdown chart below to compare losses from any high point for DXJP.L and PAJS.L.

Loading graphics...

Drawdown Indicators

DXJP.LPAJS.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.75%

-29.71%

-12.04%

Max Drawdown (1Y)

Largest decline over 1 year

-13.91%

-11.92%

-1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-22.88%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.75%

—

—

Current Drawdown

Current decline from peak

-8.78%

-15.12%

+6.34%

Average Drawdown

Average peak-to-trough decline

-8.53%

-16.72%

+8.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

3.40%

-0.10%

Volatility

DXJP.L vs. PAJS.L - Volatility Comparison

WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) and Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) have volatilities of 8.42% and 8.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

DXJP.LPAJS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.42%

8.33%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

14.56%

13.58%

+0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

21.91%

18.06%

+3.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.80%

22.31%

-3.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.58%

22.31%

-2.73%