HSXD.L vs. DXJG.L
HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc)) and DXJG.L (WisdomTree Japan Equity UCITS ETF JPY Acc) are both exchange-traded funds - HSXD.L is a Asia-Pacific ex-Japan Equity fund tracking the FTSE Asia Pacific ex Japan ESG Low Carbon Select Index, while DXJG.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, HSXD.L returned 9.87%/yr vs 13.40%/yr for DXJG.L. A 0.54 correlation means they provide meaningful diversification when combined. HSXD.L charges 0.25%/yr vs 0.40%/yr for DXJG.L.
Performance
HSXD.L vs. DXJG.L - Performance Comparison
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Different Trading Currencies
HSXD.L is traded in USD, while DXJG.L is traded in GBp. To make them comparable, the DXJG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSXD.L achieves a 26.93% return, which is significantly higher than DXJG.L's 14.39% return.
HSXD.L
- 1D
- -1.62%
- 1M
- -6.78%
- 6M
- 19.78%
- YTD
- 26.93%
- 1Y
- 45.07%
- 3Y*
- 23.91%
- 5Y*
- 9.87%
- 10Y*
- —
DXJG.L
- 1D
- -2.34%
- 1M
- -3.35%
- 6M
- 6.48%
- YTD
- 14.39%
- 1Y
- 33.61%
- 3Y*
- 19.62%
- 5Y*
- 13.40%
- 10Y*
- 10.97%
HSXD.L vs. DXJG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) | 26.93% | 32.35% | 14.83% | 4.23% | -15.92% | -0.71% | 22.36% |
DXJG.L WisdomTree Japan Equity UCITS ETF JPY Acc | 14.39% | 28.91% | 11.20% | 25.14% | -9.71% | 5.36% | 17.99% |
Correlation
The correlation between HSXD.L and DXJG.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.54 |
The correlation between HSXD.L and DXJG.L has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
HSXD.L vs. DXJG.L — Risk / Return Rank
HSXD.L
DXJG.L
HSXD.L vs. DXJG.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 USD (Acc) (HSXD.L) and WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.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 | DXJG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 2.75 | +0.74 |
| Martin ratioReturn relative to average drawdown | 10.79 | 8.27 | +2.53 |
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Drawdowns
HSXD.L vs. DXJG.L - Drawdown Comparison
The maximum HSXD.L drawdown since its inception was -38.23%, roughly equal to the maximum DXJG.L drawdown of -39.74%. Use the drawdown chart below to compare losses from any high point for HSXD.L and DXJG.L.
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Drawdown Indicators
| HSXD.L | DXJG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -39.74% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -12.16% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -18.76% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -27.93% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | -10.06% | -4.97% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -9.28% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 4.06% | +0.10% |
Volatility
HSXD.L vs. DXJG.L - Volatility Comparison
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Acc) (HSXD.L) has a higher volatility of 10.05% compared to WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) at 6.22%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than DXJG.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 | DXJG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 6.22% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 16.71% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 20.39% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 22.94% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 19.65% | -0.50% |
HSXD.L vs. DXJG.L - Expense Ratio Comparison
HSXD.L has a 0.25% expense ratio, which is lower than DXJG.L's 0.40% expense ratio.
Dividends
HSXD.L vs. DXJG.L - Dividend Comparison
Neither HSXD.L nor DXJG.L has paid dividends to shareholders.
Frequently Asked Questions
HSXD.L and DXJG.L have a correlation of 0.48, 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 0.40% for DXJG.L.
HSXD.L is categorized as Asia-Pacific ex-Japan Equity, while DXJG.L is Japan Equities. HSXD.L tracks FTSE Asia Pacific ex Japan ESG Low Carbon Select Index, while DXJG.L tracks TOPIX TR JPY. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.25% for HSXD.L and 0.40% for DXJG.L.
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