DXJS vs. SCJ
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and SCJ (iShares MSCI Japan Small Cap ETF) are both Japan Equities funds - DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index while SCJ tracks the MSCI Japan Small Cap Index. Both are passively managed. Over the past 10 years, DXJS returned 16.84%/yr vs 7.97%/yr for SCJ. A 0.75 correlation means they provide meaningful diversification when combined. DXJS charges 0.58%/yr vs 0.49%/yr for SCJ.
Performance
DXJS vs. SCJ - 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 SCJ's 14.76% return. Over the past 10 years, DXJS has outperformed SCJ with an annualized return of 16.84%, while SCJ has yielded a comparatively lower 7.97% annualized return.
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.94%
- 1Y
- 60.75%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
SCJ
- 1D
- 0.29%
- 1M
- 0.65%
- YTD
- 14.76%
- 6M
- 14.34%
- 1Y
- 29.73%
- 3Y*
- 18.18%
- 5Y*
- 7.50%
- 10Y*
- 7.97%
DXJS vs. SCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
SCJ iShares MSCI Japan Small Cap ETF | 14.76% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -17.17% | 31.61% |
Correlation
The correlation between DXJS and SCJ is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.75 |
The correlation between DXJS and SCJ has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
DXJS vs. SCJ — Risk / Return Rank
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCJ
DXJS vs. SCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and iShares MSCI Japan Small Cap ETF (SCJ). 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 | SCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.32 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 2.46 | +3.78 |
| Martin ratioReturn relative to average drawdown | 22.10 | 8.23 | +13.87 |
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Drawdowns
DXJS vs. SCJ - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, smaller than the maximum SCJ drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for DXJS and SCJ.
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Drawdown Indicators
| DXJS | SCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -43.52% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -12.17% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -12.43% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -33.25% | +16.76% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -38.87% | -0.43% |
Current DrawdownCurrent decline from peak | -6.44% | -1.70% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -10.35% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.62% | -0.85% |
Volatility
DXJS vs. SCJ - Volatility Comparison
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and iShares MSCI Japan Small Cap ETF (SCJ) have volatilities of 5.19% and 4.95%, 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
| DXJS | SCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.95% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 13.57% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 16.48% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 15.86% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 16.27% | +3.45% |
DXJS vs. SCJ - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than SCJ's 0.49% expense ratio.
Dividends
DXJS vs. SCJ - Dividend Comparison
DXJS has not paid dividends to shareholders, while SCJ's dividend yield for the trailing twelve months is around 2.79%.
| 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% |
SCJ iShares MSCI Japan Small Cap ETF | 2.79% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
DXJS and SCJ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJS has higher volatility (5.19%) compared to SCJ (4.95%). In terms of maximum drawdown, DXJS dropped -39.30% vs SCJ's -43.52%.
On 10-year performance, DXJS leads with 16.84% vs 7.97% for SCJ. On fees, SCJ is cheaper at 0.49% per year. On volatility, SCJ has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJS has performed better with a 16.84% return vs 7.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCJ is cheaper with a 0.49% expense ratio, compared with 0.58% for DXJS.
SCJ has the higher dividend yield at 2.79%, compared with 1.54% for DXJS.
DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while SCJ tracks MSCI Japan Small Cap Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.58% for DXJS and 0.49% for SCJ.
DXJS currently has the higher Sharpe Ratio (3.08 vs 1.81), 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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