HJPSX vs. DFJSX
HJPSX (Hennessy Japan Small Cap Fund) and DFJSX (DFA Japanese Small Company Portfolio) are both Japan Equities funds. Over the past 10 years, HJPSX returned 11.18%/yr vs 9.42%/yr for DFJSX. Their correlation of 0.88 suggests significant overlap in exposure. HJPSX charges 1.57%/yr vs 0.42%/yr for DFJSX.
Performance
HJPSX vs. DFJSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HJPSX having a 15.25% return and DFJSX slightly higher at 15.40%. Over the past 10 years, HJPSX has outperformed DFJSX with an annualized return of 11.18%, while DFJSX has yielded a comparatively lower 9.42% annualized return.
HJPSX
- 1D
- 0.36%
- 1M
- 0.76%
- YTD
- 15.25%
- 6M
- 15.28%
- 1Y
- 33.17%
- 3Y*
- 20.96%
- 5Y*
- 8.90%
- 10Y*
- 11.18%
DFJSX
- 1D
- 0.06%
- 1M
- 2.06%
- YTD
- 15.40%
- 6M
- 15.32%
- 1Y
- 34.37%
- 3Y*
- 21.03%
- 5Y*
- 10.29%
- 10Y*
- 9.42%
HJPSX vs. DFJSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 15.25% | 29.02% | 8.24% | 16.30% | -16.35% | -4.64% | 13.43% | 19.97% | -12.56% | 49.60% |
DFJSX DFA Japanese Small Company Portfolio | 15.40% | 31.65% | 4.35% | 17.08% | -11.36% | -0.39% | 3.78% | 18.23% | -19.56% | 35.69% |
Correlation
The correlation between HJPSX and DFJSX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007 | 0.88 |
The correlation between HJPSX and DFJSX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
HJPSX vs. DFJSX — Risk / Return Rank
HJPSX
DFJSX
HJPSX vs. DFJSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and DFA Japanese Small Company Portfolio (DFJSX). 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 | DFJSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.84 | -0.53 |
| Martin ratioReturn relative to average drawdown | 7.00 | 8.84 | -1.85 |
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Drawdowns
HJPSX vs. DFJSX - Drawdown Comparison
The maximum HJPSX drawdown since its inception was -47.91%, smaller than the maximum DFJSX drawdown of -76.17%. Use the drawdown chart below to compare losses from any high point for HJPSX and DFJSX.
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Drawdown Indicators
| HJPSX | DFJSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -76.17% | +28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -12.53% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -13.31% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -33.24% | -31.39% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | -40.32% | +5.52% |
Current DrawdownCurrent decline from peak | -2.52% | -1.83% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -30.06% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 4.00% | +0.86% |
Volatility
HJPSX vs. DFJSX - Volatility Comparison
Hennessy Japan Small Cap Fund (HJPSX) and DFA Japanese Small Company Portfolio (DFJSX) have volatilities of 4.42% and 4.31%, 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 | DFJSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.31% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 12.57% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 16.39% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 16.20% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 16.58% | +1.14% |
HJPSX vs. DFJSX - Expense Ratio Comparison
HJPSX has a 1.57% expense ratio, which is higher than DFJSX's 0.42% expense ratio.
Dividends
HJPSX vs. DFJSX - Dividend Comparison
HJPSX's dividend yield for the trailing twelve months is around 11.49%, more than DFJSX's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFJSX DFA Japanese Small Company Portfolio | 3.02% | 3.49% | 3.16% | 6.45% | 5.44% | 5.26% | 2.14% | 3.98% | 7.50% | 2.41% | 1.97% | 1.38% |
HJPSX Hennessy Japan Small Cap Fund | 11.49% | 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
With a correlation of 0.93, HJPSX and DFJSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HJPSX has higher volatility (4.42%) compared to DFJSX (4.31%). In terms of maximum drawdown, HJPSX dropped -47.91% vs DFJSX's -76.17%.
DFJSX currently has the higher Sharpe Ratio (2.18 vs 1.96), 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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