DXJS vs. DXJ
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both Japan Equities funds from WisdomTree - DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index while DXJ tracks the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, DXJS returned 16.84%/yr vs 19.68%/yr for DXJ. Their correlation of 0.86 suggests significant overlap in exposure. DXJS charges 0.58%/yr vs 0.48%/yr for DXJ.
Performance
DXJS vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, DXJS achieves a 23.30% return, which is significantly lower than DXJ's 24.69% return. Over the past 10 years, DXJS has underperformed DXJ with an annualized return of 16.84%, while DXJ has yielded a comparatively higher 19.68% annualized return.
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.48%
- 1Y
- 60.13%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
DXJ
- 1D
- 0.69%
- 1M
- 5.99%
- YTD
- 24.69%
- 6M
- 25.08%
- 1Y
- 62.02%
- 3Y*
- 33.27%
- 5Y*
- 27.62%
- 10Y*
- 19.68%
DXJS vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
DXJ WisdomTree Japan Hedged Equity Fund | 24.69% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between DXJS and DXJ is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.86 |
The correlation between DXJS and DXJ has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
DXJS vs. DXJ — Risk / Return Rank
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DXJ
DXJS vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
| DXJS | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.63 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 5.68 | +0.56 |
| Martin ratioReturn relative to average drawdown | 22.10 | 22.03 | +0.08 |
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Drawdowns
DXJS vs. DXJ - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DXJS and DXJ.
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Drawdown Indicators
| DXJS | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -49.63% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.98% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -22.19% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -22.19% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -39.14% | -0.16% |
Current DrawdownCurrent decline from peak | -6.44% | 0.00% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -14.31% | +7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.82% | -0.05% |
Volatility
DXJS vs. DXJ - Volatility Comparison
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a higher volatility of 5.19% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.92%. This indicates that DXJS's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJS | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.92% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 13.55% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 17.78% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 19.01% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 20.12% | -0.40% |
DXJS vs. DXJ - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Dividends
DXJS vs. DXJ - Dividend Comparison
DXJS has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.04% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 1.54% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
DXJS and DXJ have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJS has higher volatility (5.19%) compared to DXJ (4.92%). In terms of maximum drawdown, DXJS dropped -39.30% vs DXJ's -49.63%.
On 10-year performance, DXJ leads with 19.68% vs 16.84% for DXJS. On fees, DXJ is cheaper at 0.48% per year. On volatility, DXJ has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJ has performed better with a 19.68% return vs 16.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DXJ is cheaper with a 0.48% expense ratio, compared with 0.58% for DXJS.
DXJS has the higher dividend yield at 1.54%, compared with 1.04% for DXJ.
DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.58% for DXJS and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (3.51 vs 3.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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