DXJS vs. OPPJ
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and OPPJ (WisdomTree Japan Opportunities ETF) are both Japan Equities funds from WisdomTree - DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index while OPPJ tracks the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, DXJS returned 17.36%/yr vs 17.36%/yr for OPPJ. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.58% expense ratio.
Performance
DXJS vs. OPPJ - Performance Comparison
Loading charts...
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%
DXJS vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DXJS vs. OPPJ — Risk / Return Rank
DXJS
OPPJ
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.
| DXJS | OPPJ | Difference | |
|---|---|---|---|
| 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 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DXJS | OPPJ | Difference | |
|---|---|---|---|
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.
Loading charts...
Drawdown Indicators
| DXJS | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -4.27% | -4.27% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -6.49% | 0.00% |
Ulcer IndexDepth 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.
Loading charts...
Volatility by Period
| DXJS | OPPJ | Difference | |
|---|---|---|---|
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.
| 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% |
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.
Find the right allocation for DXJS and OPPJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer