DXJS vs. GSJY
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) are both Japan Equities funds - DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index while GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index. Both are passively managed. Over the past 10 years, DXJS returned 16.84%/yr vs 9.80%/yr for GSJY. A 0.69 correlation means they provide meaningful diversification when combined. DXJS charges 0.58%/yr vs 0.25%/yr for GSJY.
Performance
DXJS vs. GSJY - Performance Comparison
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Returns By Period
In the year-to-date period, DXJS achieves a 23.30% return, which is significantly higher than GSJY's 17.20% return. Over the past 10 years, DXJS has outperformed GSJY with an annualized return of 16.84%, while GSJY has yielded a comparatively lower 9.80% 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%
GSJY
- 1D
- 0.70%
- 1M
- 5.20%
- YTD
- 17.20%
- 6M
- 17.46%
- 1Y
- 37.62%
- 3Y*
- 19.62%
- 5Y*
- 9.97%
- 10Y*
- 9.80%
DXJS vs. GSJY - 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% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 17.20% | 26.22% | 8.89% | 19.18% | -16.15% | 0.41% | 13.81% | 18.29% | -11.56% | 25.50% |
Correlation
The correlation between DXJS and GSJY is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2016 | 0.69 |
The correlation between DXJS and GSJY has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
DXJS vs. GSJY — Risk / Return Rank
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSJY
DXJS vs. GSJY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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 | GSJY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.35 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 2.68 | +3.55 |
| Martin ratioReturn relative to average drawdown | 22.10 | 8.80 | +13.30 |
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Drawdowns
DXJS vs. GSJY - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, which is greater than GSJY's maximum drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for DXJS and GSJY.
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Drawdown Indicators
| DXJS | GSJY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -32.53% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -14.08% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -14.96% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -32.53% | +16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -32.53% | -6.77% |
Current DrawdownCurrent decline from peak | -6.44% | 0.00% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.56% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 4.28% | -1.51% |
Volatility
DXJS vs. GSJY - Volatility Comparison
The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 5.19%, while Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a volatility of 5.99%. This indicates that DXJS experiences smaller price fluctuations and is considered to be less risky than GSJY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJS | GSJY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.99% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 16.00% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 20.07% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 18.21% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 17.08% | +2.64% |
DXJS vs. GSJY - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than GSJY's 0.25% expense ratio.
Dividends
DXJS vs. GSJY - Dividend Comparison
DXJS has not paid dividends to shareholders, while GSJY's dividend yield for the trailing twelve months is around 1.69%.
| 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% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.69% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% |
Frequently Asked Questions
DXJS and GSJY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSJY has higher volatility (5.99%) compared to DXJS (5.19%). In terms of maximum drawdown, DXJS dropped -39.30% vs GSJY's -32.53%.
On 10-year performance, DXJS leads with 16.84% vs 9.80% for GSJY. On fees, GSJY is cheaper at 0.25% 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.
Over the 10-year period, DXJS has performed better with a 16.84% return vs 9.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSJY is cheaper with a 0.25% expense ratio, compared with 0.58% for DXJS.
GSJY has the higher dividend yield at 1.69%, compared with 1.54% for DXJS.
DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index. They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.58% for DXJS and 0.25% for GSJY.
DXJS currently has the higher Sharpe Ratio (3.08 vs 1.89), 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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