DXJS vs. GDE
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - DXJS is a Japan Equities fund tracking the WisdomTree Japan Hedged SmallCap Equity Index, while GDE is a Gold fund actively managed by WisdomTree. DXJS is passively managed, while GDE is actively managed. Over the past 3 years, DXJS returned 34.91%/yr vs 46.68%/yr for GDE. At a 0.31 correlation, their price movements are largely independent. DXJS charges 0.58%/yr vs 0.20%/yr for GDE.
Performance
DXJS vs. GDE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXJS achieves a 26.16% return, which is significantly higher than GDE's 9.79% return.
DXJS
- 1D
- -0.02%
- 1M
- 2.99%
- YTD
- 26.16%
- 6M
- 32.96%
- 1Y
- 64.97%
- 3Y*
- 34.91%
- 5Y*
- 25.18%
- 10Y*
- 17.36%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
DXJS vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 26.16% | 37.08% | 20.70% | 38.96% | 7.21% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between DXJS and GDE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXJS vs. GDE — Risk / Return Rank
DXJS
GDE
DXJS vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
| DXJS | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 2.36 | +4.29 |
| Martin ratioReturn relative to average drawdown | 23.90 | 7.34 | +16.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DXJS | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 1.88 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.15 | -0.39 |
Drawdowns
DXJS vs. GDE - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for DXJS and GDE.
Loading charts...
Drawdown Indicators
| DXJS | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -32.01% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -22.66% | +12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -22.66% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -4.27% | -11.17% | +6.90% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.88% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 7.26% | -4.53% |
Volatility
DXJS vs. GDE - Volatility Comparison
The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 5.08%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.65%. This indicates that DXJS experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXJS | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 6.65% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 24.24% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 28.39% | -8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 26.12% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 26.12% | -6.41% |
DXJS vs. GDE - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
DXJS vs. GDE - Dividend Comparison
DXJS's dividend yield for the trailing twelve months is around 1.50%, less than GDE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXJS and GDE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.65%) compared to DXJS (5.08%). In terms of maximum drawdown, DXJS dropped -39.30% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 34.91% for DXJS. On fees, GDE is cheaper at 0.20% per year. On volatility, DXJS has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 46.68% return vs 34.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.58% for DXJS.
GDE has the higher dividend yield at 3.94%, compared with 1.50% for DXJS.
DXJS is categorized as Japan Equities, while GDE is Gold. Their fees differ too: 0.58% for DXJS and 0.20% for GDE.
DXJS currently has the higher Sharpe Ratio (3.33 vs 1.88), 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.
Find the right allocation for DXJS and GDE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer