DXJS vs. MJSC

Last updated Jul 17, 2026

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 0.71 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

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and MUFG Japan Small Cap Active ETF (MJSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DXJS

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MJSC

• 1D: -1.17%
• 1M: -1.21%
• 6M: 16.49%
• YTD: 22.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	22.23%	-0.05%

Correlation

The correlation between DXJS and MJSC is 0.71, 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	0.71

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.

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

Drawdowns

Drawdown Indicators

	DXJS	MJSC	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.63%	—
Current Drawdown Current decline from peak	—	-3.71%	—
Average Drawdown Average peak-to-trough decline	—	-2.89%	—

Volatility

Volatility by Period

	DXJS	MJSC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	20.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.78%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.78%	—

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	0.53%	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

Can I hold both DXJS and MJSC in my portfolio?

DXJS and MJSC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXJS or MJSC?

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.

Which ETF is cheaper, DXJS or MJSC?

DXJS is cheaper with a 0.58% expense ratio, compared with 0.85% for MJSC.

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

MJSC has the higher dividend yield at 0.54%, compared with 0.53% for DXJS.

What is the main difference between DXJS and MJSC?

They also come from different issuers: WisdomTree and MUFG. Their fees differ too: 0.58% for DXJS and 0.85% for MJSC.