GSJY vs. DXJ
Compare and contrast key facts about Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and WisdomTree Japan Hedged Equity Fund (DXJ).
GSJY and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSJY is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Japan Equity Index. It was launched on Mar 2, 2016. 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 GSJY 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: GSJY or DXJ.
Key characteristics
| GSJY | DXJ | |
|---|---|---|
| YTD Return | 7.89% | 25.86% |
| 1Y Return | 12.54% | 23.73% |
| 3Y Return (Ann) | 1.42% | 23.68% |
| 5Y Return (Ann) | 4.35% | 18.44% |
| Sharpe Ratio | 0.85 | 1.22 |
| Sortino Ratio | 1.23 | 1.59 |
| Omega Ratio | 1.16 | 1.24 |
| Calmar Ratio | 1.07 | 1.14 |
| Martin Ratio | 3.95 | 4.06 |
| Ulcer Index | 3.72% | 6.25% |
| Daily Std Dev | 17.25% | 20.85% |
| Max Drawdown | -32.53% | -49.63% |
| Current Drawdown | -6.80% | -6.47% |
Correlation
The correlation between GSJY and DXJ is 0.77, 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
GSJY vs. DXJ - Performance Comparison
In the year-to-date period, GSJY achieves a 7.89% return, which is significantly lower than DXJ's 25.86% 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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GSJY vs. DXJ - Expense Ratio Comparison
GSJY has a 0.25% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
GSJY vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) 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
GSJY vs. DXJ - Dividend Comparison
GSJY's dividend yield for the trailing twelve months is around 1.96%, less than DXJ's 2.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.96% | 2.12% | 2.13% | 1.73% | 1.12% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.34% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
GSJY vs. DXJ - Drawdown Comparison
The maximum GSJY drawdown since its inception was -32.53%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for GSJY and DXJ. For additional features, visit the drawdowns tool.
Volatility
GSJY vs. DXJ - Volatility Comparison
Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 4.51% and 4.63%, 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.