GSJY vs. DXJS
GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds - GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. GSJY charges 0.25%/yr vs 0.58%/yr for DXJS.
Performance
GSJY vs. DXJS - Performance Comparison
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Returns By Period
GSJY
- 1D
- -1.73%
- 1M
- 1.03%
- 6M
- 6.67%
- YTD
- 12.95%
- 1Y
- 31.55%
- 3Y*
- 17.26%
- 5Y*
- 8.75%
- 10Y*
- 9.08%
DXJS
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSJY vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 12.95% | 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 | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between GSJY and DXJS is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2016 | 0.69 |
The correlation between GSJY and DXJS has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
GSJY vs. DXJS — Risk / Return Rank
GSJY
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| GSJY | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | — | — |
| Martin ratioReturn relative to average drawdown | 7.37 | — | — |
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Drawdowns
GSJY vs. DXJS - Drawdown Comparison
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Drawdown Indicators
| GSJY | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | — | — |
Average DrawdownAverage peak-to-trough decline | -7.54% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | — | — |
Volatility
GSJY vs. DXJS - Volatility Comparison
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Volatility by Period
| GSJY | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | — | — |
GSJY vs. DXJS - Expense Ratio Comparison
GSJY has a 0.25% expense ratio, which is lower than DXJS's 0.58% expense ratio.
Dividends
GSJY vs. DXJS - Dividend Comparison
GSJY's dividend yield for the trailing twelve months is around 2.05%, while DXJS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 0.53% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 2.05% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% |
Frequently Asked Questions
GSJY and DXJS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSJY is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSJY is cheaper with a 0.25% expense ratio, compared with 0.58% for DXJS.
GSJY has the higher dividend yield at 2.05%, compared with 0.53% for DXJS.
GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index. They also come from different issuers: Goldman Sachs and WisdomTree. Their fees differ too: 0.25% for GSJY and 0.58% for DXJS.
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