HEDJ vs. EWG
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and iShares MSCI Germany ETF (EWG).
HEDJ and EWG 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. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. Both HEDJ and EWG 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: HEDJ or EWG.
Performance
HEDJ vs. EWG - Performance Comparison
Returns By Period
In the year-to-date period, HEDJ achieves a 3.56% return, which is significantly lower than EWG's 8.96% return. Over the past 10 years, HEDJ has outperformed EWG with an annualized return of 8.09%, while EWG has yielded a comparatively lower 3.83% annualized return.
HEDJ
3.56%
-1.75%
-7.72%
10.02%
7.34%
8.09%
EWG
8.96%
-5.34%
-0.21%
15.59%
4.37%
3.83%
Key characteristics
| HEDJ | EWG | |
|---|---|---|
| Sharpe Ratio | 0.73 | 1.21 |
| Sortino Ratio | 1.07 | 1.71 |
| Omega Ratio | 1.13 | 1.21 |
| Calmar Ratio | 0.80 | 0.99 |
| Martin Ratio | 2.08 | 6.16 |
| Ulcer Index | 4.66% | 2.86% |
| Daily Std Dev | 13.26% | 14.59% |
| Max Drawdown | -38.18% | -67.58% |
| Current Drawdown | -8.49% | -6.93% |
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HEDJ vs. EWG - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is higher than EWG's 0.49% expense ratio.
Correlation
The correlation between HEDJ and EWG is 0.80, 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.
Risk-Adjusted Performance
HEDJ vs. EWG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and iShares MSCI Germany ETF (EWG). 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
HEDJ vs. EWG - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 3.03%, more than EWG's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 3.03% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
EWG iShares MSCI Germany ETF | 2.41% | 2.56% | 3.24% | 2.70% | 2.10% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% | 2.30% | 1.37% |
Drawdowns
HEDJ vs. EWG - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, smaller than the maximum EWG drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for HEDJ and EWG. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. EWG - Volatility Comparison
The current volatility for WisdomTree Europe Hedged Equity Fund (HEDJ) is 4.14%, while iShares MSCI Germany ETF (EWG) has a volatility of 5.71%. This indicates that HEDJ experiences smaller price fluctuations and is considered to be less risky than EWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.