HEDJ vs. EUSC

Last updated Aug 2, 2026

HEDJ (WisdomTree Europe Hedged Equity Fund) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds from WisdomTree - HEDJ tracks the WisdomTree Europe Hedged Equity Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. Both charge a 0.58% expense ratio.

Performance

HEDJ vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HEDJ

• 1D: -0.87%
• 1M: -0.79%
• 6M: 6.02%
• YTD: 8.59%
• 1Y: 21.05%
• 3Y*: 13.72%
• 5Y*: 10.78%
• 10Y*: 10.96%
• ALL TIME*: 8.89%

EUSC

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEDJ WisdomTree Europe Hedged Equity Fund	$3.72M	$3.36M	$5.37M

HEDJ vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
HEDJ WisdomTree Europe Hedged Equity Fund	0.86%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.18%

Correlation

The correlation between HEDJ and EUSC is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.08

HEDJ vs. EUSC - Sectors Allocation Comparison

Sectors	HEDJ	EUSC
Industrials	22.6%	20.1%
Financial Services	15.8%	28.4%
Technology	13.2%	4.4%
Consumer Cyclical	12.9%	9.1%
Consumer Defensive	12.7%	4.1%
Healthcare	7.9%	2.9%
Basic Materials	6.6%	6.5%
Communication Services	4.7%	5.0%
Energy	3.4%	3.7%
Real Estate	-	9.3%
Utilities	-	6.5%

Return for Risk

HEDJ vs. EUSC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HEDJ

HEDJ Risk / Return Rank: 48
HEDJ Sharpe Ratio Rank: 48
HEDJ Sortino Ratio Rank: 48
HEDJ Omega Ratio Rank: 47
HEDJ Calmar Ratio Rank: 43
HEDJ Martin Ratio Rank: 54

EUSC

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HEDJ vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.

	HEDJ	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.54	—	—
Martin ratio: Return relative to average drawdown	6.28	—	—

Drawdowns

Drawdown Indicators

	HEDJ	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-38.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.18%	—	—
Current Drawdown Current decline from peak	-1.22%	—	—
Average Drawdown Average peak-to-trough decline	-5.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	HEDJ	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	—	—

HEDJ vs. EUSC - Expense Ratio Comparison

Both HEDJ and EUSC have an expense ratio of 0.58%.

Dividends

HEDJ vs. EUSC - Dividend Comparison

HEDJ's dividend yield for the trailing twelve months is around 1.79%, while EUSC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEDJ WisdomTree Europe Hedged Equity Fund	1.79%	1.63%	3.28%	3.31%	2.83%	2.08%	2.65%	1.82%	2.73%	2.27%	2.74%	9.43%

Frequently Asked Questions

Can I hold both HEDJ and EUSC in my portfolio?

HEDJ and EUSC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEDJ or EUSC?

Both ETFs have the same 0.58% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEDJ or EUSC?

HEDJ and EUSC have the same expense ratio: 0.58% per year.

Which ETF pays a higher dividend yield, HEDJ or EUSC?

HEDJ has the higher dividend yield at 1.79%, compared with 0.00% for EUSC.

What is the main difference between HEDJ and EUSC?

HEDJ tracks WisdomTree Europe Hedged Equity Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index.