GEOA vs. DXJ

Last updated Jun 23, 2026

GEOA (WisdomTree GeoAlpha Opportunities Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - GEOA is a Macro Trading fund tracking the WisdomTree GeoAlpha Opportunities Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. GEOA charges 0.58%/yr vs 0.48%/yr for DXJ.

Performance

GEOA vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree GeoAlpha Opportunities Fund (GEOA) 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, GEOA achieves a 9.32% return, which is significantly lower than DXJ's 24.69% return.

GEOA

• 1D: -0.55%
• 1M: 0.30%
• YTD: 9.32%
• 6M: 9.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXJ

• 1D: 0.69%
• 1M: 5.99%
• YTD: 24.69%
• 6M: 25.08%
• 1Y: 62.02%
• 3Y*: 33.27%
• 5Y*: 27.62%
• 10Y*: 19.68%

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

GEOA vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025
GEOA WisdomTree GeoAlpha Opportunities Fund	9.32%	11.11%
DXJ WisdomTree Japan Hedged Equity Fund	24.69%	28.12%

Correlation

The correlation between GEOA and DXJ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.64

Return for Risk

GEOA vs. DXJ — Risk / Return Rank

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

GEOA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DXJ

DXJ Risk / Return Rank: 93
DXJ Sharpe Ratio Rank: 95
DXJ Sortino Ratio Rank: 94
DXJ Omega Ratio Rank: 93
DXJ Calmar Ratio Rank: 92
DXJ Martin Ratio Rank: 92

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.

GEOA vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree GeoAlpha Opportunities Fund (GEOA) 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.

	GEOA	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	—	3.51	—
Sortino ratio: Return per unit of downside risk	—	4.58	—
Omega ratio: Gain probability vs. loss probability	—	1.63	—
Calmar ratio: Return relative to maximum drawdown	—	5.68	—
Martin ratio: Return relative to average drawdown	—	22.03	—

Drawdowns

GEOA vs. DXJ - Drawdown Comparison

The maximum GEOA drawdown since its inception was -11.74%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for GEOA and DXJ.

Drawdown Indicators

	GEOA	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-11.74%	-49.63%	+37.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-2.33%	-14.31%	+11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	GEOA	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	17.78%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	19.01%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	20.12%	-6.19%

GEOA vs. DXJ - Expense Ratio Comparison

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

Dividends

GEOA vs. DXJ - Dividend Comparison

GEOA's dividend yield for the trailing twelve months is around 0.55%, less than DXJ's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.04%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
GEOA WisdomTree GeoAlpha Opportunities Fund	0.55%	0.60%	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 GEOA and DXJ in my portfolio?

GEOA and DXJ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEOA or DXJ?

On fees, DXJ is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEOA or DXJ?

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

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

DXJ has the higher dividend yield at 1.04%, compared with 0.55% for GEOA.

What is the main difference between GEOA and DXJ?

GEOA is categorized as Macro Trading, while DXJ is Japan Equities. GEOA tracks WisdomTree GeoAlpha Opportunities Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.58% for GEOA and 0.48% for DXJ.