HEWJ vs. DBJP
Compare and contrast key facts about iShares Currency Hedged MSCI Japan ETF (HEWJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP).
HEWJ and DBJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011. Both HEWJ and DBJP 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: HEWJ or DBJP.
Performance
HEWJ vs. DBJP - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with HEWJ having a 21.64% return and DBJP slightly higher at 22.36%. Both investments have delivered pretty close results over the past 10 years, with HEWJ having a 10.17% annualized return and DBJP not far ahead at 10.27%.
HEWJ
21.64%
0.62%
0.01%
20.42%
14.87%
10.17%
DBJP
22.36%
0.92%
0.44%
21.04%
15.17%
10.27%
Key characteristics
| HEWJ | DBJP | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.10 |
| Sortino Ratio | 1.46 | 1.47 |
| Omega Ratio | 1.21 | 1.21 |
| Calmar Ratio | 1.03 | 1.02 |
| Martin Ratio | 3.41 | 3.47 |
| Ulcer Index | 6.32% | 6.35% |
| Daily Std Dev | 19.95% | 20.05% |
| Max Drawdown | -31.53% | -31.30% |
| Current Drawdown | -7.42% | -7.07% |
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HEWJ vs. DBJP - Expense Ratio Comparison
HEWJ has a 0.49% expense ratio, which is higher than DBJP's 0.46% expense ratio.
Correlation
The correlation between HEWJ and DBJP is 0.98, 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
HEWJ vs. DBJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Japan ETF (HEWJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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
HEWJ vs. DBJP - Dividend Comparison
HEWJ's dividend yield for the trailing twelve months is around 1.91%, less than DBJP's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.91% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% | 0.00% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 3.08% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% | 10.53% | 1.84% |
Drawdowns
HEWJ vs. DBJP - Drawdown Comparison
The maximum HEWJ drawdown since its inception was -31.53%, roughly equal to the maximum DBJP drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for HEWJ and DBJP. For additional features, visit the drawdowns tool.
Volatility
HEWJ vs. DBJP - Volatility Comparison
iShares Currency Hedged MSCI Japan ETF (HEWJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP) have volatilities of 4.92% and 4.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.