HEDJ vs. DFE
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree Europe SmallCap Dividend Fund (DFE).
HEDJ and DFE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. DFE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe SmallCap Dividend Index. It was launched on Jun 16, 2006. Both HEDJ and DFE 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
HEDJ vs. DFE - Performance Comparison
Loading graphics...
HEDJ vs. DFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | -1.43% | 23.55% | 5.28% | 26.89% | -10.09% | 23.54% | -3.35% | 27.50% | -9.27% | 13.51% |
DFE WisdomTree Europe SmallCap Dividend Fund | -0.10% | 32.85% | -0.61% | 14.94% | -22.15% | 18.44% | 2.15% | 27.15% | -21.23% | 32.71% |
Returns By Period
In the year-to-date period, HEDJ achieves a -1.43% return, which is significantly lower than DFE's -0.10% return. Over the past 10 years, HEDJ has outperformed DFE with an annualized return of 10.18%, while DFE has yielded a comparatively lower 6.62% annualized return.
HEDJ
- 1D
- 2.35%
- 1M
- -6.79%
- YTD
- -1.43%
- 6M
- 3.77%
- 1Y
- 12.14%
- 3Y*
- 11.45%
- 5Y*
- 10.27%
- 10Y*
- 10.18%
DFE
- 1D
- 3.45%
- 1M
- -7.61%
- YTD
- -0.10%
- 6M
- 3.19%
- 1Y
- 22.70%
- 3Y*
- 12.12%
- 5Y*
- 4.86%
- 10Y*
- 6.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HEDJ vs. DFE - Expense Ratio Comparison
Both HEDJ and DFE have an expense ratio of 0.58%.
Return for Risk
HEDJ vs. DFE — Risk / Return Rank
HEDJ
DFE
HEDJ vs. DFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree Europe SmallCap Dividend Fund (DFE). 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.
| HEDJ | DFE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.34 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.87 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.85 | -0.94 |
Martin ratioReturn relative to average drawdown | 3.47 | 6.48 | -3.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HEDJ | DFE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.34 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.26 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.34 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.28 | +0.17 |
Correlation
The correlation between HEDJ and DFE 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
HEDJ vs. DFE - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 1.65%, less than DFE's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 1.65% | 1.63% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.74% | 9.43% |
DFE WisdomTree Europe SmallCap Dividend Fund | 4.10% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
Drawdowns
HEDJ vs. DFE - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, smaller than the maximum DFE drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for HEDJ and DFE.
Loading graphics...
Drawdown Indicators
| HEDJ | DFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.18% | -69.38% | +31.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -11.41% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -40.34% | +18.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.18% | -49.66% | +11.48% |
Current DrawdownCurrent decline from peak | -7.52% | -7.99% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -17.87% | +11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.25% | -0.03% |
Volatility
HEDJ vs. DFE - Volatility Comparison
The current volatility for WisdomTree Europe Hedged Equity Fund (HEDJ) is 6.94%, while WisdomTree Europe SmallCap Dividend Fund (DFE) has a volatility of 7.34%. This indicates that HEDJ experiences smaller price fluctuations and is considered to be less risky than DFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HEDJ | DFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 7.34% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 10.80% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 17.03% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 18.95% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 19.70% | -1.36% |