DXJS vs. SH
Compare and contrast key facts about WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and ProShares Short S&P500 (SH).
DXJS and SH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. Both DXJS and SH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXJS or SH.
Key characteristics
| DXJS | SH | |
|---|---|---|
| YTD Return | 16.80% | -78.73% |
| 1Y Return | 21.38% | -80.27% |
| 3Y Return (Ann) | 18.53% | -40.67% |
| 5Y Return (Ann) | 13.16% | -35.07% |
| 10Y Return (Ann) | 11.75% | -23.68% |
| Sharpe Ratio | 1.13 | -1.05 |
| Sortino Ratio | 1.48 | -1.26 |
| Omega Ratio | 1.21 | 0.39 |
| Calmar Ratio | 1.23 | -0.82 |
| Martin Ratio | 5.30 | -5.01 |
| Ulcer Index | 3.83% | 16.03% |
| Daily Std Dev | 17.97% | 76.48% |
| Max Drawdown | -39.29% | -98.39% |
| Current Drawdown | -2.78% | -98.39% |
Correlation
The correlation between DXJS and SH is -0.59. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DXJS vs. SH - Performance Comparison
In the year-to-date period, DXJS achieves a 16.80% return, which is significantly higher than SH's -78.73% return. Over the past 10 years, DXJS has outperformed SH with an annualized return of 11.75%, while SH has yielded a comparatively lower -23.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXJS vs. SH - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is lower than SH's 0.90% expense ratio.
Risk-Adjusted Performance
DXJS vs. SH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and ProShares Short S&P500 (SH). 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.
Dividends
DXJS vs. SH - Dividend Comparison
DXJS's dividend yield for the trailing twelve months is around 2.04%, less than SH's 6.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.04% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
SH ProShares Short S&P500 | 6.75% | 1.34% | 0.08% | 0.00% | 0.04% | 0.37% | 0.25% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DXJS vs. SH - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.29%, smaller than the maximum SH drawdown of -98.39%. Use the drawdown chart below to compare losses from any high point for DXJS and SH. For additional features, visit the drawdowns tool.
Volatility
DXJS vs. SH - Volatility Comparison
The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 3.49%, while ProShares Short S&P500 (SH) has a volatility of 141.21%. This indicates that DXJS experiences smaller price fluctuations and is considered to be less risky than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.