DXJS vs. SJNK
DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and SJNK (SPDR Bloomberg Short Term High Yield Bond ETF) are both exchange-traded funds - DXJS is a Japan Equities fund tracking the WisdomTree Japan Hedged SmallCap Equity Index, while SJNK is a High Yield Bonds fund tracking the Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. Both are passively managed. Over the past 10 years, DXJS returned 16.84%/yr vs 5.55%/yr for SJNK. At a 0.40 correlation, their price movements are largely independent. DXJS charges 0.58%/yr vs 0.40%/yr for SJNK.
Performance
DXJS vs. SJNK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXJS achieves a 23.30% return, which is significantly higher than SJNK's 1.65% return. Over the past 10 years, DXJS has outperformed SJNK with an annualized return of 16.84%, while SJNK has yielded a comparatively lower 5.55% annualized return.
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.16%
- 1Y
- 59.61%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
SJNK
- 1D
- -0.08%
- 1M
- 0.45%
- YTD
- 1.65%
- 6M
- 1.85%
- 1Y
- 5.90%
- 3Y*
- 8.37%
- 5Y*
- 4.77%
- 10Y*
- 5.55%
DXJS vs. SJNK - 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% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 1.65% | 7.68% | 8.24% | 11.63% | -5.50% | 5.06% | 5.82% | 9.49% | -0.27% | 5.27% |
Correlation
The correlation between DXJS and SJNK is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.40 |
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. SJNK — Risk / Return Rank
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SJNK
DXJS vs. SJNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK). 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 | SJNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.36 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 3.43 | +2.81 |
| Martin ratioReturn relative to average drawdown | 22.10 | 14.73 | +7.37 |
Loading charts...
Drawdowns
DXJS vs. SJNK - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.30%, which is greater than SJNK's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for DXJS and SJNK.
Loading charts...
Drawdown Indicators
| DXJS | SJNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -19.74% | -19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -1.73% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -4.77% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -10.18% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -19.74% | -19.56% |
Current DrawdownCurrent decline from peak | -6.44% | -0.16% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -1.63% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 0.40% | +2.37% |
Volatility
DXJS vs. SJNK - Volatility Comparison
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a higher volatility of 5.19% compared to SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) at 0.87%. This indicates that DXJS's price experiences larger fluctuations and is considered to be riskier than SJNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXJS | SJNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 0.87% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 2.52% | +13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 3.24% | +16.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 5.84% | +12.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 6.47% | +13.25% |
DXJS vs. SJNK - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than SJNK's 0.40% expense ratio.
Dividends
DXJS vs. SJNK - Dividend Comparison
DXJS has not paid dividends to shareholders, while SJNK's dividend yield for the trailing twelve months is around 7.00%.
| 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% |
SJNK SPDR Bloomberg Short Term High Yield Bond ETF | 7.00% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
Frequently Asked Questions
DXJS and SJNK have a correlation of 0.37, 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 SJNK (0.87%). In terms of maximum drawdown, DXJS dropped -39.30% vs SJNK's -19.74%.
On 10-year performance, DXJS leads with 16.84% vs 5.55% for SJNK. On fees, SJNK is cheaper at 0.40% per year. On volatility, SJNK has been the lower-risk option at 0.87%. 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 5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SJNK is cheaper with a 0.40% expense ratio, compared with 0.58% for DXJS.
SJNK has the higher dividend yield at 7.00%, compared with 1.54% for DXJS.
DXJS is categorized as Japan Equities, while SJNK is High Yield Bonds. DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while SJNK tracks Bloomberg U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.58% for DXJS and 0.40% for SJNK.
DXJS currently has the higher Sharpe Ratio (3.08 vs 1.83), 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 SJNK
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