ISJP.L vs. DXJP.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and DXJP.L (WisdomTree Japan Equity UCITS ETF GBP Hedged) are both Japan Equities funds - ISJP.L tracks the MSCI Japan Small Cap NR JPY while DXJP.L tracks the WisdomTree Japan Equity Index (GBP Hedged). Both are passively managed. Over the past 10 years, ISJP.L returned 8.58%/yr vs 16.93%/yr for DXJP.L. A 0.60 correlation means they provide meaningful diversification when combined. ISJP.L charges 0.58%/yr vs 0.45%/yr for DXJP.L.
Performance
ISJP.L vs. DXJP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISJP.L achieves a 15.08% return, which is significantly lower than DXJP.L's 20.87% return. Over the past 10 years, ISJP.L has underperformed DXJP.L with an annualized return of 8.58%, while DXJP.L has yielded a comparatively higher 16.93% annualized return.
ISJP.L
- 1D
- 0.31%
- 1M
- 4.30%
- YTD
- 15.08%
- 6M
- 15.70%
- 1Y
- 31.91%
- 3Y*
- 14.99%
- 5Y*
- 8.64%
- 10Y*
- 8.58%
DXJP.L
- 1D
- 0.62%
- 1M
- 5.38%
- YTD
- 20.87%
- 6M
- 24.22%
- 1Y
- 56.83%
- 3Y*
- 33.50%
- 5Y*
- 25.49%
- 10Y*
- 16.93%
ISJP.L vs. DXJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.08% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 4.51% | 13.94% | -11.99% | 19.35% |
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 20.87% | 33.41% | 28.49% | 40.34% | 4.78% | 16.94% | 3.19% | 14.23% | -20.57% | 20.78% |
Correlation
The correlation between ISJP.L and DXJP.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2015 | 0.60 |
The correlation between ISJP.L and DXJP.L shifts across timeframes, from 0.59 (10 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISJP.L vs. DXJP.L — Risk / Return Rank
ISJP.L
DXJP.L
ISJP.L vs. DXJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.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.
| ISJP.L | DXJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.53 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 5.60 | -2.70 |
| Martin ratioReturn relative to average drawdown | 9.66 | 19.40 | -9.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ISJP.L | DXJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.96 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.34 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.87 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.69 | -0.20 |
Drawdowns
ISJP.L vs. DXJP.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, smaller than the maximum DXJP.L drawdown of -41.75%. Use the drawdown chart below to compare losses from any high point for ISJP.L and DXJP.L.
Loading charts...
Drawdown Indicators
| ISJP.L | DXJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -41.75% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -10.06% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -22.88% | +11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -22.88% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -41.75% | +12.77% |
Current DrawdownCurrent decline from peak | -1.25% | 0.00% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -8.44% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.91% | +0.34% |
Volatility
ISJP.L vs. DXJP.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) have volatilities of 4.25% and 4.24%, 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.
Loading charts...
Volatility by Period
| ISJP.L | DXJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.24% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 15.02% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 19.06% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 19.04% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 19.44% | -3.82% |
ISJP.L vs. DXJP.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than DXJP.L's 0.45% expense ratio.
Dividends
ISJP.L vs. DXJP.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, more than DXJP.L's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 1.40% | 1.58% | 1.61% | 1.92% | 2.49% | 1.62% | 1.97% | 2.26% | 2.41% | 1.34% | 0.62% | 0.00% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.67% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.68% |
Frequently Asked Questions
ISJP.L and DXJP.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJP.L is cheaper with a 0.45% expense ratio, compared with 0.58% for ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while DXJP.L tracks WisdomTree Japan Equity Index (GBP Hedged). They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.58% for ISJP.L and 0.45% for DXJP.L.
Find the right allocation for ISJP.L and DXJP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer