HJPSX vs. DFJ
HJPSX (Hennessy Japan Small Cap Fund) and DFJ (WisdomTree Japan SmallCap Dividend Fund) are both Japan Equities funds. Over the past 10 years, HJPSX returned 10.62%/yr vs 8.80%/yr for DFJ. Their 0.79 correlation means they have sometimes moved together and sometimes differently. HJPSX charges 1.57%/yr vs 0.58%/yr for DFJ.
Performance
HJPSX vs. DFJ - Performance Comparison
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Returns By Period
In the year-to-date period, HJPSX achieves a 16.69% return, which is significantly higher than DFJ's 12.43% return. Over the past 10 years, HJPSX has outperformed DFJ with an annualized return of 10.62%, while DFJ has yielded a comparatively lower 8.80% annualized return.
HJPSX
- 1D
- 3.74%
- 1M
- 1.97%
- 6M
- 10.94%
- YTD
- 16.69%
- 1Y
- 26.15%
- 3Y*
- 20.25%
- 5Y*
- 8.56%
- 10Y*
- 10.62%
- ALL TIME*
- 9.37%
DFJ
- 1D
- -0.21%
- 1M
- -0.56%
- 6M
- 5.79%
- YTD
- 12.43%
- 1Y
- 23.77%
- 3Y*
- 18.59%
- 5Y*
- 10.25%
- 10Y*
- 8.80%
- ALL TIME*
- 5.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.27M | $3.89M | $3.95M | |
| $0.00 | $0.00 | $0.00 |
HJPSX vs. DFJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 16.69% | 29.02% | 8.24% | 16.30% | -16.35% | -4.64% | 13.43% | 19.97% | -12.56% | 49.60% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 12.43% | 31.90% | 2.80% | 21.81% | -9.00% | 0.38% | 1.29% | 16.98% | -18.53% | 32.14% |
Correlation
The correlation between HJPSX and DFJ is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007 | 0.79 |
The correlation between HJPSX and DFJ has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
HJPSX vs. DFJ — Risk / Return Rank
HJPSX
DFJ
HJPSX vs. DFJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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.
| HJPSX | DFJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.04 | -0.14 |
| Martin ratioReturn relative to average drawdown | 5.60 | 5.39 | +0.21 |
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Drawdowns
HJPSX vs. DFJ - Drawdown Comparison
The maximum HJPSX drawdown since its inception was -47.91%, roughly equal to the maximum DFJ drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for HJPSX and DFJ.
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Drawdown Indicators
| HJPSX | DFJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -46.00% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -13.03% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -13.03% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -33.24% | -29.71% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | -40.02% | +5.22% |
Current DrawdownCurrent decline from peak | -1.30% | -4.04% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -11.10% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 4.91% | +0.09% |
Volatility
HJPSX vs. DFJ - Volatility Comparison
Hennessy Japan Small Cap Fund (HJPSX) and WisdomTree Japan SmallCap Dividend Fund (DFJ) have volatilities of 6.19% and 6.34%, 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.
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Volatility by Period
| HJPSX | DFJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 6.34% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 14.82% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 17.57% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 16.11% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 17.00% | +0.76% |
HJPSX vs. DFJ - Expense Ratio Comparison
HJPSX has a 1.57% expense ratio, which is higher than DFJ's 0.58% expense ratio.
Dividends
HJPSX vs. DFJ - Dividend Comparison
HJPSX's dividend yield for the trailing twelve months is around 11.35%, more than DFJ's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.61% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
HJPSX Hennessy Japan Small Cap Fund | 11.35% | 13.25% | 3.64% | 0.85% | 0.61% | 0.43% | 0.23% | 1.30% | 3.46% | 2.09% | 2.03% | 3.34% |
Frequently Asked Questions
HJPSX and DFJ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFJ has higher volatility (6.34%) compared to HJPSX (6.19%). In terms of maximum drawdown, HJPSX dropped -47.91% vs DFJ's -46.00%.
HJPSX currently has the higher Sharpe Ratio (1.53 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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