DXJS vs. GDE

Last updated Jun 24, 2026

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 33.69%/yr vs 40.84%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXJS achieves a 23.30% return, which is significantly higher than GDE's -0.50% return.

DXJS

• 1D: -2.83%
• 1M: -1.82%
• YTD: 23.30%
• 6M: 24.16%
• 1Y: 59.61%
• 3Y*: 33.69%
• 5Y*: 24.61%
• 10Y*: 16.84%

GDE

• 1D: -3.14%
• 1M: -10.04%
• YTD: -0.50%
• 6M: -5.03%
• 1Y: 37.19%
• 3Y*: 40.84%
• 5Y*: —
• 10Y*: —

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

DXJS vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DXJS WisdomTree Japan Hedged SmallCap Equity Fund	23.30%	37.08%	20.70%	38.96%	7.82%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	-0.50%	73.76%	44.79%	33.85%	-8.58%

Correlation

The correlation between DXJS and GDE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.31

Return for Risk

DXJS vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXJS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GDE

GDE Risk / Return Rank: 34
GDE Sharpe Ratio Rank: 36
GDE Sortino Ratio Rank: 32
GDE Omega Ratio Rank: 37
GDE Calmar Ratio Rank: 34
GDE Martin Ratio Rank: 32

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.

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.

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	GDE	Difference
Sharpe ratio: Return per unit of total volatility	3.08	1.23	+1.85
Sortino ratio: Return per unit of downside risk	4.03	1.65	+2.39
Omega ratio: Gain probability vs. loss probability	1.51	1.24	+0.28
Calmar ratio: Return relative to maximum drawdown	6.24	1.65	+4.59
Martin ratio: Return relative to average drawdown	22.10	4.59	+17.51

DXJS vs. GDE - Sharpe Ratio Comparison

The current DXJS Sharpe Ratio is 3.08, which is higher than the GDE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of DXJS and GDE, 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

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.

Drawdown Indicators

	DXJS	GDE	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-6.44%	-19.50%	+13.06%
Average Drawdown Average peak-to-trough decline	-6.49%	-7.97%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	8.12%	-5.35%

Volatility

DXJS vs. GDE - Volatility Comparison

The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 5.19%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.41%. 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.

Volatility by Period

	DXJS	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	11.41%	-6.22%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	26.51%	-10.82%
Volatility (1Y) Calculated over the trailing 1-year period	19.86%	30.33%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	27.15%	-9.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	27.15%	-7.43%

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 has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.34%	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

Can I hold both DXJS and GDE in my portfolio?

DXJS and GDE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DXJS or GDE?

GDE has higher volatility (11.41%) compared to DXJS (5.19%). In terms of maximum drawdown, DXJS dropped -39.30% vs GDE's -32.01%.

Which ETF is better, DXJS or GDE?

On 3-year performance, GDE leads with 40.84% vs 33.69% for DXJS. On fees, GDE is cheaper at 0.20% per year. On volatility, DXJS has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DXJS or GDE?

Over the 3-year period, GDE has performed better with a 40.84% return vs 33.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DXJS or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.58% for DXJS.

Which ETF pays a higher dividend yield, DXJS or GDE?

GDE has the higher dividend yield at 4.34%, compared with 1.54% for DXJS.

What is the main difference between DXJS and GDE?

DXJS is categorized as Japan Equities, while GDE is Gold. Their fees differ too: 0.58% for DXJS and 0.20% for GDE.

Which has better risk-adjusted returns?

DXJS currently has the higher Sharpe Ratio (3.08 vs 1.23), 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.