IAUM vs. DXJ
IAUM (iShares Gold Trust Micro) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, IAUM returned 17.35%/yr vs 27.38%/yr for DXJ. Their 0.06 correlation means their historical movements had little consistent relationship. IAUM charges 0.09%/yr vs 0.48%/yr for DXJ.
Performance
IAUM vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.09% return, which is significantly lower than DXJ's 21.25% return.
IAUM
- 1D
- -1.46%
- 1M
- 0.27%
- 6M
- -16.73%
- YTD
- -6.09%
- 1Y
- 23.04%
- 3Y*
- 27.63%
- 5Y*
- 17.35%
- 10Y*
- —
- ALL TIME*
- 17.70%
DXJ
- 1D
- -0.73%
- 1M
- -1.20%
- 6M
- 14.45%
- YTD
- 21.25%
- 1Y
- 46.99%
- 3Y*
- 30.10%
- 5Y*
- 27.38%
- 10Y*
- 19.00%
- ALL TIME*
- 9.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.09M | $60.67M | $58.46M | |
| $77.48M | $77.88M | $93.44M |
IAUM vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.09% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
DXJ WisdomTree Japan Hedged Equity Fund | 21.25% | 32.78% | 29.83% | 42.04% | 5.96% | 3.70% |
Correlation
The correlation between IAUM and DXJ is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.06 |
Over the past year, IAUM and DXJ have become more correlated (0.31) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
IAUM vs. DXJ — Risk / Return Rank
IAUM
DXJ
IAUM vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
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.
| IAUM | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.30 | -3.42 |
| Martin ratioReturn relative to average drawdown | 1.90 | 16.08 | -14.17 |
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Drawdowns
IAUM vs. DXJ - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for IAUM and DXJ.
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Drawdown Indicators
| IAUM | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -49.63% | +23.32% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -10.98% | -15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -22.19% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -22.19% | -4.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.14% | — |
Current DrawdownCurrent decline from peak | -24.95% | -3.40% | -21.55% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -14.24% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 2.93% | +9.21% |
Volatility
IAUM vs. DXJ - Volatility Comparison
iShares Gold Trust Micro (IAUM) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 6.29% and 6.07%, 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
| IAUM | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.07% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 14.35% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 18.07% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 19.07% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 19.93% | -1.74% |
IAUM vs. DXJ - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Dividends
IAUM vs. DXJ - Dividend Comparison
IAUM has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 0.97% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAUM and DXJ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (6.29%) compared to DXJ (6.07%). In terms of maximum drawdown, IAUM dropped -26.31% vs DXJ's -49.63%.
On 5-year performance, DXJ leads with 27.38% vs 17.35% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, DXJ has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DXJ has performed better with a 27.38% return vs 17.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.48% for DXJ.
DXJ has the higher dividend yield at 0.97%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while DXJ is Japan Equities. IAUM tracks LBMA Gold Price PM, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for IAUM and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (2.61 vs 0.83), 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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