Correlation
The correlation between HJPNX and DXJ is 0.58, 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.
HJPNX vs. DXJ
Compare and contrast key facts about Hennessy Japan Fund (HJPNX) and WisdomTree Japan Hedged Equity Fund (DXJ).
HJPNX is managed by Hennessy. It was launched on Oct 30, 2003. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJPNX or DXJ.
Performance
HJPNX vs. DXJ - Performance Comparison
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Key characteristics
HJPNX:
0.38
DXJ:
0.29
HJPNX:
0.64
DXJ:
0.51
HJPNX:
1.08
DXJ:
1.08
HJPNX:
0.39
DXJ:
0.30
HJPNX:
1.25
DXJ:
0.90
HJPNX:
6.76%
DXJ:
7.52%
HJPNX:
24.41%
DXJ:
26.27%
HJPNX:
-59.51%
DXJ:
-49.63%
HJPNX:
-5.80%
DXJ:
-1.29%
Returns By Period
In the year-to-date period, HJPNX achieves a 3.45% return, which is significantly higher than DXJ's 2.70% return. Over the past 10 years, HJPNX has underperformed DXJ with an annualized return of 7.56%, while DXJ has yielded a comparatively higher 9.84% annualized return.
HJPNX
3.45%
3.72%
3.62%
9.17%
12.88%
5.13%
7.56%
DXJ
2.70%
3.92%
8.66%
7.51%
24.79%
22.62%
9.84%
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HJPNX vs. DXJ - Expense Ratio Comparison
HJPNX has a 1.44% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
HJPNX vs. DXJ — Risk-Adjusted Performance Rank
HJPNX
DXJ
HJPNX vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
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Dividends
HJPNX vs. DXJ - Dividend Comparison
HJPNX's dividend yield for the trailing twelve months is around 5.61%, more than DXJ's 3.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPNX Hennessy Japan Fund | 5.61% | 5.80% | 5.87% | 0.00% | 0.89% | 0.00% | 0.13% | 0.04% | 0.02% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 3.12% | 3.48% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% |
Drawdowns
HJPNX vs. DXJ - Drawdown Comparison
The maximum HJPNX drawdown since its inception was -59.51%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for HJPNX and DXJ.
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Volatility
HJPNX vs. DXJ - Volatility Comparison
The current volatility for Hennessy Japan Fund (HJPNX) is 4.47%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 5.97%. This indicates that HJPNX experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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