HSXD.L vs. DXJA.L
HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds - HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF while DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 5 years, HSXD.L returned 9.90%/yr vs 27.43%/yr for DXJA.L. At a 0.48 correlation, their price movements are largely independent. HSXD.L charges 0.25%/yr vs 0.48%/yr for DXJA.L.
Performance
HSXD.L vs. DXJA.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSXD.L achieves a 27.12% return, which is significantly higher than DXJA.L's 23.53% return.
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
HSXD.L vs. DXJA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 27.12% | 32.35% | 14.83% | 4.23% | -15.92% | -0.71% | 22.36% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 6.24% | 17.35% | 14.29% |
Correlation
The correlation between HSXD.L and DXJA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.48 |
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Return for Risk
HSXD.L vs. DXJA.L — Risk / Return Rank
HSXD.L
DXJA.L
HSXD.L vs. DXJA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L). 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.
| HSXD.L | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 5.51 | -2.00 |
| Martin ratioReturn relative to average drawdown | 10.85 | 18.98 | -8.14 |
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Drawdowns
HSXD.L vs. DXJA.L - Drawdown Comparison
The maximum HSXD.L drawdown since its inception was -38.23%, roughly equal to the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for HSXD.L and DXJA.L.
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Drawdown Indicators
| HSXD.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -37.51% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -10.10% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -23.01% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -23.01% | -9.88% |
Current DrawdownCurrent decline from peak | -9.93% | -1.57% | -8.36% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -6.66% | -7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.94% | +1.22% |
Volatility
HSXD.L vs. DXJA.L - Volatility Comparison
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a higher volatility of 10.03% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSXD.L | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 5.86% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 16.15% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 20.12% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 19.40% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 19.24% | -0.09% |
HSXD.L vs. DXJA.L - Expense Ratio Comparison
HSXD.L has a 0.25% expense ratio, which is lower than DXJA.L's 0.48% expense ratio.
Dividends
HSXD.L vs. DXJA.L - Dividend Comparison
Neither HSXD.L nor DXJA.L has paid dividends to shareholders.
Frequently Asked Questions
HSXD.L and DXJA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSXD.L is cheaper with a 0.25% expense ratio, compared with 0.48% for DXJA.L.
HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF, while DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.25% for HSXD.L and 0.48% for DXJA.L.
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