ENVA vs. DXJ

Last updated Jun 4, 2026

ENVA (Enova International, Inc.) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, ENVA returned 35.93%/yr vs 18.33%/yr for DXJ. At a 0.39 correlation, their price movements are largely independent.

Performance

ENVA vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enova International, Inc. (ENVA) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENVA achieves a 1.08% return, which is significantly lower than DXJ's 19.64% return. Over the past 10 years, ENVA has outperformed DXJ with an annualized return of 35.93%, while DXJ has yielded a comparatively lower 18.33% annualized return.

ENVA

• 1D: -2.86%
• 1M: -3.06%
• YTD: 1.08%
• 6M: 17.36%
• 1Y: 69.06%
• 3Y*: 48.21%
• 5Y*: 34.17%
• 10Y*: 35.93%

DXJ

• 1D: 0.74%
• 1M: 7.24%
• YTD: 19.64%
• 6M: 24.36%
• 1Y: 53.93%
• 3Y*: 33.15%
• 5Y*: 26.13%
• 10Y*: 18.33%

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

ENVA vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENVA Enova International, Inc.	1.08%	63.95%	73.19%	44.28%	-6.32%	65.36%	2.95%	23.64%	28.03%	21.12%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between ENVA and DXJ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.39

The correlation between ENVA and DXJ shifts across timeframes, from 0.29 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ENVA vs. DXJ — Risk / Return Rank

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

ENVA

ENVA Risk / Return Rank: 82
ENVA Sharpe Ratio Rank: 86
ENVA Sortino Ratio Rank: 82
ENVA Omega Ratio Rank: 80
ENVA Calmar Ratio Rank: 81
ENVA Martin Ratio Rank: 81

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

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.

ENVA vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) 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.

	ENVA	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.84	3.11	-1.27
Sortino ratio: Return per unit of downside risk	2.48	4.20	-1.73
Omega ratio: Gain probability vs. loss probability	1.31	1.56	-0.25
Calmar ratio: Return relative to maximum drawdown	2.80	4.94	-2.13
Martin ratio: Return relative to average drawdown	7.24	19.29	-12.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENVA vs. DXJ - Sharpe Ratio Comparison

The current ENVA Sharpe Ratio is 1.84, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of ENVA 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

	ENVA	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	3.11	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.39	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.91	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.43	-0.10

Drawdowns

ENVA vs. DXJ - Drawdown Comparison

The maximum ENVA drawdown since its inception was -81.56%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for ENVA and DXJ.

Drawdown Indicators

	ENVA	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-81.56%	-49.63%	-31.93%
Max Drawdown (1Y) Largest decline over 1 year	-24.75%	-10.98%	-13.77%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-22.19%	-14.82%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-22.19%	-20.65%
Max Drawdown (10Y) Largest decline over 10 years	-77.57%	-39.14%	-38.43%
Current Drawdown Current decline from peak	-9.15%	0.00%	-9.15%
Average Drawdown Average peak-to-trough decline	-29.63%	-14.34%	-15.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	2.81%	+6.76%

Volatility

ENVA vs. DXJ - Volatility Comparison

Enova International, Inc. (ENVA) has a higher volatility of 9.43% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.55%. This indicates that ENVA'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

	ENVA	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	3.55%	+5.88%
Volatility (6M) Calculated over the trailing 6-month period	27.80%	13.09%	+14.71%
Volatility (1Y) Calculated over the trailing 1-year period	37.72%	17.44%	+20.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.23%	18.96%	+21.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.30%	20.18%	+29.12%

Dividends

ENVA vs. DXJ - Dividend Comparison

ENVA has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 1.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
ENVA Enova International, Inc.	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 ENVA and DXJ in my portfolio?

ENVA and DXJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENVA or DXJ?

ENVA has higher volatility (9.43%) compared to DXJ (3.55%). In terms of maximum drawdown, ENVA dropped -81.56% vs DXJ's -49.63%.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 1.84), 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.