DXJS vs. MJSC
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and MJSC (MUFG Japan Small Cap Active ETF) are both Japan Equities funds. DXJS is passively managed, while MJSC is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. DXJS charges 0.58%/yr vs 0.85%/yr for MJSC.
Performance
DXJS vs. MJSC - 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 MJSC's 22.08% 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%
MJSC
- 1D
- -3.44%
- 1M
- -0.52%
- YTD
- 22.08%
- 6M
- 21.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXJS vs. MJSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 11.90% |
MJSC MUFG Japan Small Cap Active ETF | 22.08% | -0.05% |
Correlation
The correlation between DXJS and MJSC is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.74 |
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Return for Risk
DXJS vs. MJSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and MUFG Japan Small Cap Active ETF (MJSC). 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 | MJSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | — | — |
| Martin ratioReturn relative to average drawdown | 22.10 | — | — |
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Drawdowns
DXJS vs. MJSC - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, which is greater than MJSC's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for DXJS and MJSC.
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Drawdown Indicators
| DXJS | MJSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -12.63% | -26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | — | — |
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 | -6.44% | -3.44% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -2.94% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | — | — |
Volatility
DXJS vs. MJSC - Volatility Comparison
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Volatility by Period
| DXJS | MJSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 20.85% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 20.85% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 20.85% | -1.13% |
DXJS vs. MJSC - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is lower than MJSC's 0.85% expense ratio.
Dividends
DXJS vs. MJSC - Dividend Comparison
DXJS has not paid dividends to shareholders, while MJSC's dividend yield for the trailing twelve months is around 0.54%.
| 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% |
MJSC MUFG Japan Small Cap Active ETF | 0.54% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXJS and MJSC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJS is cheaper with a 0.58% expense ratio, compared with 0.85% for MJSC.
DXJS has the higher dividend yield at 1.54%, compared with 0.54% for MJSC.
They also come from different issuers: WisdomTree and MUFG. Their fees differ too: 0.58% for DXJS and 0.85% for MJSC.
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