EWJV vs. DXJ
Compare and contrast key facts about iShares MSCI Japan Value ETF (EWJV) and WisdomTree Japan Hedged Equity Fund (DXJ).
EWJV and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both EWJV and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWJV or DXJ.
Key characteristics
| EWJV | DXJ | |
|---|---|---|
| YTD Return | 13.06% | 24.90% |
| 1Y Return | 30.23% | 54.19% |
| 3Y Return (Ann) | 8.13% | 25.78% |
| 5Y Return (Ann) | 9.17% | 20.73% |
| Sharpe Ratio | 2.10 | 3.62 |
| Daily Std Dev | 15.22% | 15.82% |
| Max Drawdown | -30.05% | -49.63% |
| Current Drawdown | -1.35% | 0.00% |
Correlation
The correlation between EWJV and DXJ is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWJV vs. DXJ - Performance Comparison
In the year-to-date period, EWJV achieves a 13.06% return, which is significantly lower than DXJ's 24.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWJV vs. DXJ - Expense Ratio Comparison
EWJV has a 0.15% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
EWJV vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.
Dividends
EWJV vs. DXJ - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 2.93%, more than DXJ's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 2.93% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.47% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
EWJV vs. DXJ - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for EWJV and DXJ. For additional features, visit the drawdowns tool.
Volatility
EWJV vs. DXJ - Volatility Comparison
iShares MSCI Japan Value ETF (EWJV) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 4.61% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.