EMNJ.DE vs. WTDX.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and WTDX.DE (WisdomTree Japan Equity UCITS ETF USD Hedged) are both Japan Equities funds - EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index while WTDX.DE tracks the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 5 years, EMNJ.DE returned 9.72%/yr vs 28.03%/yr for WTDX.DE. A 0.67 correlation means they provide meaningful diversification when combined. EMNJ.DE charges 0.15%/yr vs 0.48%/yr for WTDX.DE.
Performance
EMNJ.DE vs. WTDX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly lower than WTDX.DE's 26.25% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
WTDX.DE
- 1D
- -0.37%
- 1M
- 3.84%
- 6M
- 17.92%
- YTD
- 26.25%
- 1Y
- 57.34%
- 3Y*
- 32.07%
- 5Y*
- 28.03%
- 10Y*
- 18.14%
EMNJ.DE vs. WTDX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 26.25% | 17.86% | 36.79% | 37.12% | 11.85% | 27.70% | -6.91% | 12.06% |
Correlation
The correlation between EMNJ.DE and WTDX.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.67 |
The correlation between EMNJ.DE and WTDX.DE shifts across timeframes, from 0.67 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMNJ.DE vs. WTDX.DE — Risk / Return Rank
EMNJ.DE
WTDX.DE
EMNJ.DE vs. WTDX.DE - 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) (EMNJ.DE) and WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE). 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.
| EMNJ.DE | WTDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 7.05 | -3.34 |
| Martin ratioReturn relative to average drawdown | 12.48 | 23.54 | -11.06 |
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Drawdowns
EMNJ.DE vs. WTDX.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, smaller than the maximum WTDX.DE drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and WTDX.DE.
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Drawdown Indicators
| EMNJ.DE | WTDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -38.23% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -8.09% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -23.65% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -23.65% | +3.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.53% | — |
Current DrawdownCurrent decline from peak | -2.74% | -1.71% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -9.16% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.43% | +0.76% |
Volatility
EMNJ.DE vs. WTDX.DE - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a higher volatility of 6.67% compared to WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) at 5.75%. This indicates that EMNJ.DE's price experiences larger fluctuations and is considered to be riskier than WTDX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNJ.DE | WTDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 5.75% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 14.68% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 19.79% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 19.43% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 21.52% | -3.26% |
EMNJ.DE vs. WTDX.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than WTDX.DE's 0.48% expense ratio.
Dividends
EMNJ.DE vs. WTDX.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, more than WTDX.DE's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% |
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 0.80% | 1.68% | 1.52% | 1.97% | 2.28% | 1.52% | 2.10% | 2.01% | 2.17% | 1.14% | 1.90% | 0.06% |
Frequently Asked Questions
EMNJ.DE and WTDX.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for WTDX.DE.
EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while WTDX.DE tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for EMNJ.DE and 0.48% for WTDX.DE.
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