DXJS vs. SPHD
Compare and contrast key facts about WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
DXJS and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both DXJS and SPHD 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 SPHD.
Key characteristics
| DXJS | SPHD | |
|---|---|---|
| YTD Return | 16.06% | 21.69% |
| 1Y Return | 20.65% | 35.78% |
| 3Y Return (Ann) | 19.14% | 8.91% |
| 5Y Return (Ann) | 13.35% | 7.60% |
| 10Y Return (Ann) | 11.42% | 8.82% |
| Sharpe Ratio | 1.13 | 3.02 |
| Sortino Ratio | 1.48 | 4.38 |
| Omega Ratio | 1.21 | 1.56 |
| Calmar Ratio | 1.22 | 2.04 |
| Martin Ratio | 5.23 | 21.68 |
| Ulcer Index | 3.85% | 1.61% |
| Daily Std Dev | 17.91% | 11.52% |
| Max Drawdown | -39.29% | -41.39% |
| Current Drawdown | -3.40% | -1.70% |
Correlation
The correlation between DXJS and SPHD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DXJS vs. SPHD - Performance Comparison
In the year-to-date period, DXJS achieves a 16.06% return, which is significantly lower than SPHD's 21.69% return. Over the past 10 years, DXJS has outperformed SPHD with an annualized return of 11.42%, while SPHD has yielded a comparatively lower 8.82% 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. SPHD - Expense Ratio Comparison
DXJS has a 0.58% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
DXJS vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
DXJS's dividend yield for the trailing twelve months is around 2.06%, less than SPHD's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.06% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.40% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
DXJS vs. SPHD - Drawdown Comparison
The maximum DXJS drawdown since its inception was -39.29%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for DXJS and SPHD. For additional features, visit the drawdowns tool.
Volatility
DXJS vs. SPHD - Volatility Comparison
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a higher volatility of 4.02% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.80%. This indicates that DXJS's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.