DXJS vs. FXY
Compare and contrast key facts about WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Invesco CurrencyShares® Japanese Yen Trust (FXY).
DXJS and FXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. Both DXJS and FXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXJS or FXY.
Key characteristics
| DXJS | FXY | |
|---|---|---|
| YTD Return | 16.74% | -9.83% |
| 1Y Return | 20.61% | -4.00% |
| 3Y Return (Ann) | 19.35% | -10.39% |
| 5Y Return (Ann) | 13.18% | -7.46% |
| 10Y Return (Ann) | 11.48% | -3.39% |
| Sharpe Ratio | 1.19 | -0.28 |
| Sortino Ratio | 1.55 | -0.35 |
| Omega Ratio | 1.22 | 0.96 |
| Calmar Ratio | 1.29 | -0.06 |
| Martin Ratio | 5.54 | -0.44 |
| Ulcer Index | 3.85% | 7.04% |
| Daily Std Dev | 17.91% | 11.11% |
| Max Drawdown | -39.29% | -56.03% |
| Current Drawdown | -2.83% | -54.39% |
Correlation
The correlation between DXJS and FXY is -0.46. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DXJS vs. FXY - Performance Comparison
In the year-to-date period, DXJS achieves a 16.74% return, which is significantly higher than FXY's -9.83% return. Over the past 10 years, DXJS has outperformed FXY with an annualized return of 11.48%, while FXY has yielded a comparatively lower -3.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXJS vs. FXY - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than FXY's 0.40% expense ratio.
Risk-Adjusted Performance
DXJS vs. FXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Invesco CurrencyShares® Japanese Yen Trust (FXY). 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.
Dividends
DXJS vs. FXY - Dividend Comparison
DXJS's dividend yield for the trailing twelve months is around 2.04%, while FXY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.04% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DXJS vs. FXY - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.29%, smaller than the maximum FXY drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for DXJS and FXY. For additional features, visit the drawdowns tool.
Volatility
DXJS vs. FXY - Volatility Comparison
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a higher volatility of 4.00% compared to Invesco CurrencyShares® Japanese Yen Trust (FXY) at 3.41%. This indicates that DXJS's price experiences larger fluctuations and is considered to be riskier than FXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.