DXJS vs. NBJP
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and NBJP (Neuberger Berman Japan Equity ETF) are both Japan Equities funds. DXJS is passively managed, while NBJP is actively managed. Over the past year, DXJS returned 64.97% vs 35.11% for NBJP. A 0.72 correlation means they provide meaningful diversification when combined. DXJS charges 0.58%/yr vs 0.50%/yr for NBJP.
Performance
DXJS vs. NBJP - Performance Comparison
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Returns By Period
In the year-to-date period, DXJS achieves a 26.16% return, which is significantly higher than NBJP's 18.88% 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%
NBJP
- 1D
- 0.32%
- 1M
- 7.23%
- YTD
- 18.88%
- 6M
- 21.26%
- 1Y
- 35.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXJS vs. NBJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 26.16% | 37.08% | 9.01% |
NBJP Neuberger Berman Japan Equity ETF | 18.88% | 30.41% | -3.34% |
Correlation
The correlation between DXJS and NBJP 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 (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.72 |
The correlation between DXJS and NBJP has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
DXJS vs. NBJP — Risk / Return Rank
DXJS
NBJP
DXJS vs. NBJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Neuberger Berman Japan Equity ETF (NBJP). 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 | NBJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.32 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 2.46 | +4.19 |
| Martin ratioReturn relative to average drawdown | 23.90 | 8.84 | +15.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXJS | NBJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 1.79 | +1.54 |
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 | 1.37 | -0.61 |
Drawdowns
DXJS vs. NBJP - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, which is greater than NBJP's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for DXJS and NBJP.
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Drawdown Indicators
| DXJS | NBJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -14.34% | -24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -14.34% | +4.52% |
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 | -4.27% | -0.79% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -3.22% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.98% | -1.25% |
Volatility
DXJS vs. NBJP - Volatility Comparison
The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 5.08%, while Neuberger Berman Japan Equity ETF (NBJP) has a volatility of 5.49%. This indicates that DXJS experiences smaller price fluctuations and is considered to be less risky than NBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXJS | NBJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.49% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 16.51% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 19.76% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 19.55% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 19.55% | +0.16% |
DXJS vs. NBJP - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than NBJP's 0.50% expense ratio.
Dividends
DXJS vs. NBJP - Dividend Comparison
DXJS's dividend yield for the trailing twelve months is around 1.50%, less than NBJP's 1.92% 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% |
NBJP Neuberger Berman Japan Equity ETF | 1.92% | 2.29% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXJS and NBJP 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.
NBJP has higher volatility (5.49%) compared to DXJS (5.08%). In terms of maximum drawdown, DXJS dropped -39.30% vs NBJP's -14.34%.
On 1-year performance, DXJS leads with 64.97% vs 35.11% for NBJP. On fees, NBJP is cheaper at 0.50% 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 1-year period, DXJS has performed better with a 64.97% return vs 35.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NBJP is cheaper with a 0.50% expense ratio, compared with 0.58% for DXJS.
NBJP has the higher dividend yield at 1.92%, compared with 1.50% for DXJS.
They also come from different issuers: WisdomTree and Neuberger Berman. Their fees differ too: 0.58% for DXJS and 0.50% for NBJP.
DXJS currently has the higher Sharpe Ratio (3.33 vs 1.79), 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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