IBIE vs. DXJ

Last updated Jun 4, 2026

IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past year, IBIE returned 4.80% vs 53.93% for DXJ. At a correlation of -0.08, they often move in opposite directions. IBIE charges 0.10%/yr vs 0.48%/yr for DXJ.

Performance

IBIE vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIE achieves a 2.10% return, which is significantly lower than DXJ's 19.64% return.

IBIE

• 1D: 0.00%
• 1M: 0.23%
• YTD: 2.10%
• 6M: 2.07%
• 1Y: 4.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXJ

• 1D: 0.74%
• 1M: 7.24%
• YTD: 19.64%
• 6M: 24.36%
• 1Y: 53.93%
• 3Y*: 33.15%
• 5Y*: 26.13%
• 10Y*: 18.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIE vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIE iShares iBonds Oct 2028 Term TIPS ETF	2.10%	6.46%	3.95%	2.93%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	-0.96%

Correlation

The correlation between IBIE and DXJ is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	-0.08

Return for Risk

IBIE vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIE

IBIE Risk / Return Rank: 94
IBIE Sharpe Ratio Rank: 90
IBIE Sortino Ratio Rank: 96
IBIE Omega Ratio Rank: 94
IBIE Calmar Ratio Rank: 96
IBIE Martin Ratio Rank: 93

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBIE vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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.

	IBIE	DXJ	Difference
Sharpe ratio Return per unit of total volatility	3.09	3.11	-0.02
Sortino ratio Return per unit of downside risk	5.59	4.20	+1.39
Omega ratio Gain probability vs. loss probability	1.69	1.56	+0.13
Calmar ratio Return relative to maximum drawdown	8.73	4.94	+3.80
Martin ratio Return relative to average drawdown	25.70	19.29	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBIE vs. DXJ - Sharpe Ratio Comparison

The current IBIE Sharpe Ratio is 3.09, which is comparable to the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of IBIE and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBIE	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.09	3.11	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	0.43	+1.59

Drawdowns

IBIE vs. DXJ - Drawdown Comparison

The maximum IBIE drawdown since its inception was -1.70%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for IBIE and DXJ.

Drawdown Indicators

	IBIE	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-49.63%	+47.93%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	-10.98%	+10.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.39%	-14.34%	+13.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	2.81%	-2.62%

Volatility

IBIE vs. DXJ - Volatility Comparison

The current volatility for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) is 0.38%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 3.55%. This indicates that IBIE experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIE	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	3.55%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	13.09%	-12.12%
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	17.44%	-15.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	18.96%	-16.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.86%	20.18%	-17.32%

IBIE vs. DXJ - Expense Ratio Comparison

IBIE has a 0.10% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

IBIE vs. DXJ - Dividend Comparison

IBIE's dividend yield for the trailing twelve months is around 3.25%, more than DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	3.25%	4.09%	4.23%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBIE and DXJ in my portfolio?

IBIE and DXJ have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIE or DXJ?

DXJ has higher volatility (3.55%) compared to IBIE (0.38%). In terms of maximum drawdown, IBIE dropped -1.70% vs DXJ's -49.63%.

Which ETF is better, IBIE or DXJ?

On 1-year performance, DXJ leads with 53.93% vs 4.80% for IBIE. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIE or DXJ?

Over the 1-year period, DXJ has performed better with a 53.93% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIE or DXJ?

IBIE is cheaper with a 0.10% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, IBIE or DXJ?

IBIE has the higher dividend yield at 3.25%, compared with 1.08% for DXJ.

What is the main difference between IBIE and DXJ?

IBIE is categorized as Inflation-Protected Bonds, while DXJ is Japan Equities. IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for IBIE and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 3.09), 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.