ESLT vs. DXJ

Last updated Jun 9, 2026

ESLT (Elbit Systems Ltd) 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, ESLT returned 25.96%/yr vs 18.23%/yr for DXJ. At a 0.29 correlation, their price movements are largely independent.

Performance

ESLT vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elbit Systems Ltd (ESLT) 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, ESLT achieves a 43.85% return, which is significantly higher than DXJ's 17.86% return. Over the past 10 years, ESLT has outperformed DXJ with an annualized return of 25.96%, while DXJ has yielded a comparatively lower 18.23% annualized return.

ESLT

• 1D: 0.83%
• 1M: 6.13%
• YTD: 43.85%
• 6M: 71.50%
• 1Y: 98.59%
• 3Y*: 60.25%
• 5Y*: 45.92%
• 10Y*: 25.96%

DXJ

• 1D: 0.39%
• 1M: 2.00%
• YTD: 17.86%
• 6M: 21.01%
• 1Y: 51.36%
• 3Y*: 31.77%
• 5Y*: 25.93%
• 10Y*: 18.23%

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

ESLT vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESLT Elbit Systems Ltd	43.85%	125.14%	22.17%	31.30%	-4.82%	34.77%	-14.56%	37.62%	-13.22%	32.65%
DXJ WisdomTree Japan Hedged Equity Fund	17.86%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between ESLT and DXJ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.30

The correlation between ESLT and DXJ shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESLT vs. DXJ — Risk / Return Rank

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

ESLT

ESLT Risk / Return Rank: 90
ESLT Sharpe Ratio Rank: 92
ESLT Sortino Ratio Rank: 91
ESLT Omega Ratio Rank: 88
ESLT Calmar Ratio Rank: 88
ESLT Martin Ratio Rank: 89

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 91
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 88
DXJ Martin Ratio Rank: 89

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.

ESLT vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.

	ESLT	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.94	-0.59
Sortino ratio: Return per unit of downside risk	3.28	3.96	-0.68
Omega ratio: Gain probability vs. loss probability	1.39	1.53	-0.14
Calmar ratio: Return relative to maximum drawdown	3.82	4.70	-0.88
Martin ratio: Return relative to average drawdown	10.82	18.34	-7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESLT vs. DXJ - Sharpe Ratio Comparison

The current ESLT Sharpe Ratio is 2.35, which is comparable to the DXJ Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of ESLT 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

	ESLT	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.94	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.39	1.37	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.91	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.42	+0.19

Drawdowns

ESLT vs. DXJ - Drawdown Comparison

The maximum ESLT drawdown since its inception was -53.79%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for ESLT and DXJ.

Drawdown Indicators

	ESLT	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-53.79%	-49.63%	-4.16%
Max Drawdown (1Y) Largest decline over 1 year	-25.98%	-10.98%	-15.00%
Max Drawdown (3Y) Largest decline over 3 years	-25.98%	-22.19%	-3.79%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-22.19%	-10.70%
Max Drawdown (10Y) Largest decline over 10 years	-32.89%	-39.14%	+6.25%
Current Drawdown Current decline from peak	-18.07%	-2.06%	-16.01%
Average Drawdown Average peak-to-trough decline	-13.92%	-14.33%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	2.81%	+6.33%

Volatility

ESLT vs. DXJ - Volatility Comparison

Elbit Systems Ltd (ESLT) has a higher volatility of 15.36% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.19%. This indicates that ESLT'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

	ESLT	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.36%	4.19%	+11.17%
Volatility (6M) Calculated over the trailing 6-month period	33.61%	13.33%	+20.28%
Volatility (1Y) Calculated over the trailing 1-year period	42.26%	17.58%	+24.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.13%	19.00%	+14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.13%	20.19%	+8.94%

Dividends

ESLT vs. DXJ - Dividend Comparison

ESLT's dividend yield for the trailing twelve months is around 0.37%, less than DXJ's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.10%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
ESLT Elbit Systems Ltd	0.37%	0.47%	0.77%	0.94%	1.22%	1.03%	1.28%	1.14%	1.54%	1.32%	1.57%	1.63%

Frequently Asked Questions

Can I hold both ESLT and DXJ in my portfolio?

ESLT and DXJ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESLT or DXJ?

ESLT has higher volatility (15.36%) compared to DXJ (4.19%). In terms of maximum drawdown, ESLT dropped -53.79% vs DXJ's -49.63%.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.94 vs 2.35), 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.