GSJY vs. DXJS

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).

GSJY and DXJS 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. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. Both GSJY and DXJS 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

GSJY vs. DXJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). The values are adjusted to include any dividend payments, if applicable.

GSJY vs. DXJS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	4.45%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-11.56%	25.50%
DXJS WisdomTree Japan Hedged SmallCap Equity Fund	17.27%	37.08%	20.70%	38.96%	5.02%	11.66%	-3.22%	18.24%	-18.69%	29.56%

Returns By Period

In the year-to-date period, GSJY achieves a 4.45% return, which is significantly lower than DXJS's 17.27% return. Over the past 10 years, GSJY has underperformed DXJS with an annualized return of 8.90%, while DXJS has yielded a comparatively higher 16.61% annualized return.

GSJY

• 1D: 3.50%
• 1M: -8.53%
• YTD: 4.45%
• 6M: 9.43%
• 1Y: 29.05%
• 3Y*: 16.99%
• 5Y*: 7.02%
• 10Y*: 8.90%

DXJS

• 1D: 2.03%
• 1M: -5.12%
• YTD: 17.27%
• 6M: 31.32%
• 1Y: 58.83%
• 3Y*: 34.47%
• 5Y*: 22.94%
• 10Y*: 16.61%

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

GSJY vs. DXJS - Expense Ratio Comparison

GSJY has a 0.25% expense ratio, which is lower than DXJS's 0.58% expense ratio.

DXJS

WisdomTree Japan Hedged SmallCap Equity Fund

GSJY

Goldman Sachs ActiveBeta Japan Equity ETF

Return for Risk

GSJY vs. DXJS — Risk / Return Rank

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

GSJY

GSJY Risk / Return Rank: 74
GSJY Sharpe Ratio Rank: 74
GSJY Sortino Ratio Rank: 75
GSJY Omega Ratio Rank: 72
GSJY Calmar Ratio Rank: 75
GSJY Martin Ratio Rank: 72

DXJS

DXJS Risk / Return Rank: 97
DXJS Sharpe Ratio Rank: 97
DXJS Sortino Ratio Rank: 97
DXJS Omega Ratio Rank: 96
DXJS Calmar Ratio Rank: 97
DXJS Martin Ratio Rank: 97

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.

GSJY vs. DXJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.

	GSJY	DXJS	Difference
Sharpe ratio Return per unit of total volatility	1.32	2.81	-1.49
Sortino ratio Return per unit of downside risk	1.90	3.53	-1.63
Omega ratio Gain probability vs. loss probability	1.27	1.48	-0.21
Calmar ratio Return relative to maximum drawdown	1.97	4.69	-2.73
Martin ratio Return relative to average drawdown	7.41	19.87	-12.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSJY vs. DXJS - Sharpe Ratio Comparison

The current GSJY Sharpe Ratio is 1.32, which is lower than the DXJS Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of GSJY and DXJS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSJY	DXJS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.81	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.29	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.84	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.74	-0.23

Correlation

The correlation between GSJY and DXJS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GSJY vs. DXJS - Dividend Comparison

GSJY's dividend yield for the trailing twelve months is around 1.90%, more than DXJS's 1.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.90%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%	0.00%
DXJS WisdomTree Japan Hedged SmallCap Equity Fund	1.62%	1.78%	4.02%	2.71%	2.63%	2.96%	3.04%	2.17%	2.06%	1.53%	1.66%	3.61%

Drawdowns

GSJY vs. DXJS - Drawdown Comparison

The maximum GSJY drawdown since its inception was -32.53%, smaller than the maximum DXJS drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for GSJY and DXJS.

Drawdown Indicators

	GSJY	DXJS	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-39.30%	+6.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-11.47%	-2.61%
Max Drawdown (5Y) Largest decline over 5 years	-32.53%	-16.49%	-16.04%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	-39.30%	+6.77%
Current Drawdown Current decline from peak	-10.22%	-5.55%	-4.67%
Average Drawdown Average peak-to-trough decline	-7.62%	-6.54%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	2.89%	+0.84%

Volatility

GSJY vs. DXJS - Volatility Comparison

Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) has a higher volatility of 9.57% compared to WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) at 7.98%. This indicates that GSJY's price experiences larger fluctuations and is considered to be riskier than DXJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSJY	DXJS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.57%	7.98%	+1.59%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	15.20%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	21.06%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.93%	17.83%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	19.88%	-2.93%