EJAP.DE vs. DXJ

Last updated Jun 5, 2026

EJAP.DE (BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both Japan Equities funds - EJAP.DE tracks the MSCI Japan ESG Filtered Min TE while DXJ tracks the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, EJAP.DE returned 10.25%/yr vs 27.45%/yr for DXJ. A 0.66 correlation means they provide meaningful diversification when combined. EJAP.DE charges 0.15%/yr vs 0.48%/yr for DXJ.

Performance

EJAP.DE vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EJAP.DE is traded in EUR, while DXJ is traded in USD. To make them comparable, the DXJ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EJAP.DE achieves a 16.87% return, which is significantly lower than DXJ's 21.72% return.

EJAP.DE

• 1D: -0.24%
• 1M: 6.39%
• YTD: 16.87%
• 6M: 16.66%
• 1Y: 29.75%
• 3Y*: 15.41%
• 5Y*: 10.25%
• 10Y*: —

DXJ

• 1D: 0.45%
• 1M: 7.15%
• YTD: 21.72%
• 6M: 24.13%
• 1Y: 53.68%
• 3Y*: 30.06%
• 5Y*: 27.45%
• 10Y*: 17.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EJAP.DE vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EJAP.DE BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF	16.87%	11.73%	14.53%	16.88%	-12.11%	10.01%	5.26%	22.39%	-93.57%	9.12%
DXJ WisdomTree Japan Hedged Equity Fund	21.72%	17.02%	38.40%	37.78%	12.53%	26.82%	-4.63%	21.63%	-16.02%	7.71%

Correlation

The correlation between EJAP.DE and DXJ is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016	0.66

The correlation between EJAP.DE and DXJ has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

EJAP.DE vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EJAP.DE

EJAP.DE Risk / Return Rank: 51
EJAP.DE Sharpe Ratio Rank: 45
EJAP.DE Sortino Ratio Rank: 50
EJAP.DE Omega Ratio Rank: 49
EJAP.DE Calmar Ratio Rank: 59
EJAP.DE Martin Ratio Rank: 54

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 92
DXJ Omega Ratio Rank: 91
DXJ Calmar Ratio Rank: 88
DXJ Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EJAP.DE vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.

	EJAP.DE	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.56	3.01	-1.45
Sortino ratio: Return per unit of downside risk	2.38	3.93	-1.56
Omega ratio: Gain probability vs. loss probability	1.30	1.54	-0.24
Calmar ratio: Return relative to maximum drawdown	2.86	5.91	-3.05
Martin ratio: Return relative to average drawdown	9.27	22.32	-13.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EJAP.DE vs. DXJ - Sharpe Ratio Comparison

The current EJAP.DE Sharpe Ratio is 1.56, which is lower than the DXJ Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of EJAP.DE and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EJAP.DE	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	3.01	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.38	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.46	-0.95

Drawdowns

EJAP.DE vs. DXJ - Drawdown Comparison

The maximum EJAP.DE drawdown since its inception was -94.44%, which is greater than DXJ's maximum drawdown of -40.69%. Use the drawdown chart below to compare losses from any high point for EJAP.DE and DXJ.

Drawdown Indicators

	EJAP.DE	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-40.69%	-53.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-9.13%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-23.06%	+6.14%
Max Drawdown (5Y) Largest decline over 5 years	-18.42%	-23.06%	+4.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.89%	—
Current Drawdown Current decline from peak	-86.65%	0.00%	-86.65%
Average Drawdown Average peak-to-trough decline	-75.83%	-13.23%	-62.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	2.41%	+0.79%

Volatility

EJAP.DE vs. DXJ - Volatility Comparison

BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF (EJAP.DE) has a higher volatility of 3.42% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.12%. This indicates that EJAP.DE's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EJAP.DE	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.12%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	12.97%	+2.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	17.98%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	20.03%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	21.60%	+12.49%

EJAP.DE vs. DXJ - Expense Ratio Comparison

EJAP.DE has a 0.15% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

EJAP.DE vs. DXJ - Dividend Comparison

EJAP.DE has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.07%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
EJAP.DE BNP Paribas Easy MSCI Japan ESG Filtered Min TE UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EJAP.DE and DXJ in my portfolio?

EJAP.DE and DXJ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EJAP.DE or DXJ?

On fees, EJAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EJAP.DE or DXJ?

EJAP.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for DXJ.

What is the main difference between EJAP.DE and DXJ?

EJAP.DE tracks MSCI Japan ESG Filtered Min TE, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: BNP Paribas and WisdomTree. Their fees differ too: 0.15% for EJAP.DE and 0.48% for DXJ.