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DXJS vs. OPPJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

DXJS vs. OPPJ - Performance Comparison

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

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with DXJS at 26.16% and OPPJ at 26.16%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: DXJS at 17.36% and OPPJ at 17.36%.


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%

OPPJ

1D
-0.02%
1M
2.99%
YTD
26.16%
6M
32.96%
1Y
64.97%
3Y*
34.91%
5Y*
25.18%
10Y*
17.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJS vs. OPPJ - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
DXJS
WisdomTree Japan Hedged SmallCap Equity Fund
26.16%37.08%20.70%38.96%5.02%11.66%-3.22%18.24%-18.69%29.56%
OPPJ
WisdomTree Japan Opportunities ETF
26.16%37.08%20.70%38.96%5.02%11.66%-3.22%18.24%-18.69%29.56%

Correlation

The correlation between DXJS and OPPJ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Jul 1, 2013

1.00

The correlation between DXJS and OPPJ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

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Return for Risk

DXJS vs. OPPJ — Risk / Return Rank

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

DXJS
DXJS Risk / Return Rank: 9191
Overall Rank
DXJS Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJS Sortino Ratio Rank: 9191
Sortino Ratio Rank
DXJS Omega Ratio Rank: 8787
Omega Ratio Rank
DXJS Calmar Ratio Rank: 9393
Calmar Ratio Rank
DXJS Martin Ratio Rank: 9292
Martin Ratio Rank

OPPJ
OPPJ Risk / Return Rank: 9191
Overall Rank
OPPJ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
OPPJ Sortino Ratio Rank: 9191
Sortino Ratio Rank
OPPJ Omega Ratio Rank: 8787
Omega Ratio Rank
OPPJ Calmar Ratio Rank: 9393
Calmar Ratio Rank
OPPJ Martin Ratio Rank: 9292
Martin Ratio Rank
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. OPPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and WisdomTree Japan Opportunities ETF (OPPJ). 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.


DXJSOPPJDifference
Sharpe ratioReturn per unit of total volatility

0.00

Sortino ratioReturn per unit of downside risk

0.00

Omega ratioGain probability vs. loss probability

1.55

1.55

0.00

Calmar ratioReturn relative to maximum drawdown

6.65

6.65

0.00

Martin ratioReturn relative to average drawdown

23.90

23.90

0.00

DXJS vs. OPPJ - Sharpe Ratio Comparison

The current DXJS Sharpe Ratio is 3.33, which is comparable to the OPPJ Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of DXJS and OPPJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


DXJSOPPJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.33

3.33

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.40

1.40

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

0.88

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.76

0.00

Drawdowns

DXJS vs. OPPJ - Drawdown Comparison

The maximum DXJS drawdown since its inception was -39.30%, roughly equal to the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for DXJS and OPPJ.


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Drawdown Indicators


DXJSOPPJDifference

Max Drawdown

Largest peak-to-trough decline

-39.30%

-39.30%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-9.82%

-9.82%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-16.49%

-16.49%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-16.49%

-16.49%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

-39.30%

0.00%

Current Drawdown

Current decline from peak

-4.27%

-4.27%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.49%

-6.49%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

2.73%

0.00%

Volatility

DXJS vs. OPPJ - Volatility Comparison

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and WisdomTree Japan Opportunities ETF (OPPJ) have volatilities of 5.08% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DXJSOPPJDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

5.08%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

15.39%

15.39%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

19.64%

19.64%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.05%

18.05%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.71%

19.71%

0.00%

DXJS vs. OPPJ - Expense Ratio Comparison

Both DXJS and OPPJ have an expense ratio of 0.58%.


Dividends

DXJS vs. OPPJ - Dividend Comparison

DXJS's dividend yield for the trailing twelve months is around 1.50%, which matches OPPJ's 1.50% yield.


PositionTTM20252024202320222021202020192018201720162015
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%
OPPJ
WisdomTree Japan Opportunities ETF
1.50%1.78%4.02%2.71%2.63%2.96%3.04%2.17%2.06%1.53%1.66%3.61%

Frequently Asked Questions


With a correlation of 1.00, DXJS and OPPJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

OPPJ has higher volatility (5.08%) compared to DXJS (5.08%). In terms of maximum drawdown, DXJS dropped -39.30% vs OPPJ's -39.30%.

On 10-year performance, OPPJ leads with 17.36% vs 17.36% for DXJS. Both ETFs have the same 0.58% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, OPPJ has performed better with a 17.36% return vs 17.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DXJS and OPPJ have the same expense ratio: 0.58% per year.

DXJS and OPPJ have nearly identical dividend yields, around 1.50%.

DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while OPPJ tracks WisdomTree Japan Opportunities Index.

OPPJ currently has the higher Sharpe Ratio (3.33 vs 3.33), 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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