EUDG vs. DXJ

Last updated Aug 5, 2026

EUDG (WisdomTree Europe Quality Dividend Growth Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - EUDG is a Quality Factor fund tracking the WisdomTree Europe Quality Dividend Growth Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, EUDG returned 8.74%/yr vs 18.67%/yr for DXJ. Their 0.52 correlation means they have sometimes moved together and sometimes differently. EUDG charges 0.58%/yr vs 0.48%/yr for DXJ.

Performance

EUDG vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Quality Dividend Growth Fund (EUDG) 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, EUDG achieves a 8.49% return, which is significantly lower than DXJ's 21.58% return. Over the past 10 years, EUDG has underperformed DXJ with an annualized return of 8.74%, while DXJ has yielded a comparatively higher 18.67% annualized return.

EUDG

• 1D: 0.63%
• 1M: 1.06%
• 6M: 3.83%
• YTD: 8.49%
• 1Y: 22.29%
• 3Y*: 12.35%
• 5Y*: 5.46%
• 10Y*: 8.74%
• ALL TIME*: 6.35%

DXJ

• 1D: 2.00%
• 1M: -0.36%
• 6M: 12.08%
• YTD: 21.58%
• 1Y: 47.92%
• 3Y*: 31.10%
• 5Y*: 27.15%
• 10Y*: 18.67%
• ALL TIME*: 9.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXJ WisdomTree Japan Hedged Equity Fund	$74.22M	$63.63M	$59.62M
EUDG WisdomTree Europe Quality Dividend Growth Fund	$257.59K	$184.23K	$164.35K

EUDG vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDG WisdomTree Europe Quality Dividend Growth Fund	8.49%	28.94%	-4.30%	19.36%	-18.24%	16.87%	11.29%	28.52%	-15.19%	29.66%
DXJ WisdomTree Japan Hedged Equity Fund	21.58%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between EUDG and DXJ is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since May 7, 2014	0.52

The correlation between EUDG and DXJ shifts across timeframes, from 0.42 (3 years) to 0.52 (10 years), reflecting how their relationship changes across market environments.

EUDG vs. DXJ - Sectors Allocation Comparison

Sectors	EUDG	DXJ
Industrials	18.1%	29.5%
Healthcare	17.6%	6.8%
Financial Services	15.0%	18.3%
Consumer Cyclical	12.6%	13.3%
Consumer Defensive	11.7%	4.7%
Communication Services	4.3%	2.3%
Energy	3.9%	1.7%
Basic Materials	3.3%	9.1%
Technology	2.7%	12.9%
Utilities	1.6%	0.1%
Real Estate	0.1%	-

Return for Risk

EUDG vs. DXJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EUDG

EUDG Risk / Return Rank: 50
EUDG Sharpe Ratio Rank: 52
EUDG Sortino Ratio Rank: 55
EUDG Omega Ratio Rank: 50
EUDG Calmar Ratio Rank: 46
EUDG Martin Ratio Rank: 48

DXJ

DXJ Risk / Return Rank: 91
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 90
DXJ Omega Ratio Rank: 91
DXJ Calmar Ratio Rank: 91
DXJ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EUDG vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Quality Dividend Growth Fund (EUDG) 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.

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.

	EUDG	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.65	-1.19
Sortino ratio: Return per unit of downside risk	2.16	3.45	-1.29
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.84	4.39	-2.55
Martin ratio: Return relative to average drawdown	6.11	16.26	-10.15

EUDG vs. DXJ - Sharpe Ratio Comparison

The current EUDG Sharpe Ratio is 1.46, which is lower than the DXJ Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of EUDG 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.

Drawdowns

EUDG vs. DXJ - Drawdown Comparison

The maximum EUDG drawdown since its inception was -33.76%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for EUDG and DXJ.

Drawdown Indicators

	EUDG	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	-49.63%	+15.87%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-10.98%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-13.73%	-22.19%	+8.46%
Max Drawdown (5Y) Largest decline over 5 years	-33.30%	-22.19%	-11.11%
Max Drawdown (10Y) Largest decline over 10 years	-33.76%	-39.14%	+5.38%
Current Drawdown Current decline from peak	0.00%	-3.14%	+3.14%
Average Drawdown Average peak-to-trough decline	-7.65%	-14.24%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.96%	+0.70%

Volatility

EUDG vs. DXJ - Volatility Comparison

The current volatility for WisdomTree Europe Quality Dividend Growth Fund (EUDG) is 3.70%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 5.90%. This indicates that EUDG experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDG	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	5.90%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	14.56%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	18.18%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	19.10%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	19.92%	-2.58%

EUDG vs. DXJ - Expense Ratio Comparison

EUDG has a 0.58% expense ratio, which is higher than DXJ's 0.48% expense ratio.

Dividends

EUDG vs. DXJ - Dividend Comparison

EUDG's dividend yield for the trailing twelve months is around 2.31%, more than DXJ's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	0.96%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
EUDG WisdomTree Europe Quality Dividend Growth Fund	2.31%	2.19%	2.41%	2.14%	3.07%	2.98%	1.87%	2.30%	3.00%	1.55%	2.49%	2.10%

Frequently Asked Questions

Can I hold both EUDG and DXJ in my portfolio?

EUDG and DXJ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUDG or DXJ?

DXJ has higher volatility (5.90%) compared to EUDG (3.70%). In terms of maximum drawdown, EUDG dropped -33.76% vs DXJ's -49.63%.

Which ETF is better, EUDG or DXJ?

On 10-year performance, DXJ leads with 18.67% vs 8.74% for EUDG. On fees, DXJ is cheaper at 0.48% per year. On volatility, EUDG has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDG or DXJ?

Over the 10-year period, DXJ has performed better with a 18.67% return vs 8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDG or DXJ?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.58% for EUDG.

Which ETF pays a higher dividend yield, EUDG or DXJ?

EUDG has the higher dividend yield at 2.31%, compared with 0.96% for DXJ.

What is the main difference between EUDG and DXJ?

EUDG is categorized as Quality Factor, while DXJ is Japan Equities. EUDG tracks WisdomTree Europe Quality Dividend Growth Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.58% for EUDG and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.65 vs 1.46), 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.