FJP vs. DXJ
Compare and contrast key facts about First Trust Japan AlphaDEX Fund (FJP) and WisdomTree Japan Hedged Equity Fund (DXJ).
FJP and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJP is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Japan Index. It was launched on Apr 18, 2011. 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 FJP 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.
Performance
FJP vs. DXJ - Performance Comparison
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FJP vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 8.24% | 33.60% | 5.80% | 23.00% | -12.83% | -1.13% | 3.60% | 7.72% | -18.60% | 27.63% |
DXJ WisdomTree Japan Hedged Equity Fund | 10.00% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Returns By Period
In the year-to-date period, FJP achieves a 8.24% return, which is significantly lower than DXJ's 10.00% return. Over the past 10 years, FJP has underperformed DXJ with an annualized return of 7.51%, while DXJ has yielded a comparatively higher 17.25% annualized return.
FJP
- 1D
- 2.19%
- 1M
- -11.26%
- YTD
- 8.24%
- 6M
- 13.78%
- 1Y
- 36.33%
- 3Y*
- 20.73%
- 5Y*
- 9.22%
- 10Y*
- 7.51%
DXJ
- 1D
- 2.59%
- 1M
- -6.49%
- YTD
- 10.00%
- 6M
- 24.19%
- 1Y
- 46.21%
- 3Y*
- 34.37%
- 5Y*
- 24.33%
- 10Y*
- 17.25%
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FJP vs. DXJ - Expense Ratio Comparison
FJP has a 0.80% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Return for Risk
FJP vs. DXJ — Risk / Return Rank
FJP
DXJ
FJP vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) 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.
| FJP | DXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 2.04 | -0.40 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.67 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 3.46 | -0.94 |
Martin ratioReturn relative to average drawdown | 9.35 | 13.69 | -4.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FJP | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.04 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.29 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.84 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.41 | -0.10 |
Correlation
The correlation between FJP and DXJ is 0.71, 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.
Dividends
FJP vs. DXJ - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.63%, more than DXJ's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.63% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
DXJ WisdomTree Japan Hedged Equity Fund | 1.18% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
Drawdowns
FJP vs. DXJ - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for FJP and DXJ.
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Drawdown Indicators
| FJP | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.51% | -49.63% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -12.65% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -22.19% | -9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.51% | -39.14% | -2.37% |
Current DrawdownCurrent decline from peak | -11.29% | -6.79% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -14.44% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.31% | +0.57% |
Volatility
FJP vs. DXJ - Volatility Comparison
First Trust Japan AlphaDEX Fund (FJP) has a higher volatility of 9.09% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 7.80%. This indicates that FJP'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.
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Volatility by Period
| FJP | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 7.80% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 13.70% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 22.77% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 18.91% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.75% | 20.50% | -1.75% |