EEJD.L vs. DXJA.L
EEJD.L (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds - EEJD.L tracks the MSCI Japan ESG Enhanced CTB Index while DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 5 years, EEJD.L returned 8.78%/yr vs 27.43%/yr for DXJA.L. A 0.79 correlation means they provide meaningful diversification when combined. EEJD.L charges 0.15%/yr vs 0.48%/yr for DXJA.L.
Performance
EEJD.L vs. DXJA.L - Performance Comparison
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Returns By Period
In the year-to-date period, EEJD.L achieves a 16.29% return, which is significantly lower than DXJA.L's 23.53% return.
EEJD.L
- 1D
- -1.02%
- 1M
- -0.60%
- 6M
- 9.97%
- YTD
- 16.29%
- 1Y
- 36.05%
- 3Y*
- 17.05%
- 5Y*
- 8.78%
- 10Y*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
EEJD.L vs. DXJA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 16.29% | 26.10% | 4.67% | 19.98% | -17.73% | 0.41% | 17.33% | 15.33% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 6.24% | 17.35% | 4.48% | 10.15% |
Correlation
The correlation between EEJD.L and DXJA.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.79 |
The correlation between EEJD.L and DXJA.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
EEJD.L vs. DXJA.L — Risk / Return Rank
EEJD.L
DXJA.L
EEJD.L vs. DXJA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L). 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.
| EEJD.L | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 5.51 | -2.73 |
| Martin ratioReturn relative to average drawdown | 9.14 | 18.98 | -9.84 |
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Drawdowns
EEJD.L vs. DXJA.L - Drawdown Comparison
The maximum EEJD.L drawdown since its inception was -32.93%, smaller than the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for EEJD.L and DXJA.L.
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Drawdown Indicators
| EEJD.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -37.51% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -10.10% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -23.01% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -23.01% | -9.92% |
Current DrawdownCurrent decline from peak | -3.82% | -1.57% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -6.66% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.94% | +1.01% |
Volatility
EEJD.L vs. DXJA.L - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) has a higher volatility of 6.68% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that EEJD.L's price experiences larger fluctuations and is considered to be riskier than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEJD.L | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.86% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 16.15% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 20.12% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 19.40% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 19.24% | -0.45% |
EEJD.L vs. DXJA.L - Expense Ratio Comparison
EEJD.L has a 0.15% expense ratio, which is lower than DXJA.L's 0.48% expense ratio.
Dividends
EEJD.L vs. DXJA.L - Dividend Comparison
EEJD.L's dividend yield for the trailing twelve months is around 1.45%, while DXJA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.45% | 1.58% | 1.83% | 1.74% | 2.13% | 1.71% | 1.55% | 1.73% |
Frequently Asked Questions
EEJD.L and DXJA.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEJD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEJD.L is cheaper with a 0.15% expense ratio, compared with 0.48% for DXJA.L.
EEJD.L tracks MSCI Japan ESG Enhanced CTB Index, while DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for EEJD.L and 0.48% for DXJA.L.
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