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IXC vs. DXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXC vs. DXJ

Last updated Jul 21, 2026
Documentation

IXC (iShares Global Energy ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, IXC returned 9.55%/yr vs 18.40%/yr for DXJ. At a 0.49 correlation, their price movements are largely independent. IXC charges 0.40%/yr vs 0.48%/yr for DXJ.

Performance

IXC vs. DXJ - Performance Comparison

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

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Returns By Period

In the year-to-date period, IXC achieves a 29.64% return, which is significantly higher than DXJ's 20.15% return. Over the past 10 years, IXC has underperformed DXJ with an annualized return of 9.55%, while DXJ has yielded a comparatively higher 18.40% annualized return.

IXC

1D
0.24%
1M
7.63%
6M
22.98%
YTD
29.64%
1Y
39.73%
3Y*
15.82%
5Y*
21.62%
10Y*
9.55%
ALL TIME*
8.36%

DXJ

1D
0.12%
1M
-2.97%
6M
11.29%
YTD
20.15%
1Y
51.72%
3Y*
30.73%
5Y*
26.86%
10Y*
18.40%
ALL TIME*
9.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXC vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXC
iShares Global Energy ETF		29.64%13.98%1.95%3.92%48.51%40.88%-31.00%12.67%-14.85%5.54%
DXJ
WisdomTree Japan Hedged Equity Fund		20.15%32.78%29.83%42.04%5.96%17.99%3.94%18.94%-19.78%22.81%

Correlation

The correlation between IXC and DXJ is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2006

0.49

The correlation between IXC and DXJ shifts across timeframes, from -0.02 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

IXC vs. DXJ - Sectors Allocation Comparison

Sectors
IXC
DXJ

Energy

99.5%
1.7%

Utilities

0.2%
0.1%

Basic Materials

-

8.5%

Communication Services

-

2.3%

Consumer Cyclical

-

15.2%

Consumer Defensive

-

4.7%

Financial Services

-

18.3%

Healthcare

-

6.8%

Industrials

-

27.9%

Real Estate

-

-

Technology

-

13.2%

Energy

IXC
99.5%
DXJ
1.7%

Utilities

IXC
0.2%
DXJ
0.1%

Basic Materials

IXC

-

DXJ
8.5%

Communication Services

IXC

-

DXJ
2.3%

Consumer Cyclical

IXC

-

DXJ
15.2%

Consumer Defensive

IXC

-

DXJ
4.7%

Financial Services

IXC

-

DXJ
18.3%

Healthcare

IXC

-

DXJ
6.8%

Industrials

IXC

-

DXJ
27.9%

Real Estate

IXC

-

DXJ

-

Technology

IXC

-

DXJ
13.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Energy ETF

WisdomTree Japan Hedged Equity Fund

Often compared with IXC:
IXC vs. XLEIXC vs. VDEIXC vs. IYEIXC vs. OIHIXC vs. IUES.LIXC vs. DDMIXC vs. PXE
Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

IXC vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXC
IXC Risk / Return Rank: 7575
Overall Rank
IXC Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IXC Sortino Ratio Rank: 7979
Sortino Ratio Rank
IXC Omega Ratio Rank: 7878
Omega Ratio Rank
IXC Calmar Ratio Rank: 7070
Calmar Ratio Rank
IXC Martin Ratio Rank: 6363
Martin Ratio Rank
DXJ
DXJ Risk / Return Rank: 9393
Overall Rank
DXJ Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9393
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9393
Omega Ratio Rank
DXJ Calmar Ratio Rank: 9393
Calmar Ratio Rank
DXJ Martin Ratio Rank: 9393
Martin Ratio Rank
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.

IXC vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.

IXCDXJDifference
Sharpe ratioReturn per unit of total volatility
2.06
2.83

-0.76

Sortino ratioReturn per unit of downside risk
2.67
3.70

-1.03

Omega ratioGain probability vs. loss probability

1.34

1.51

-0.17

Calmar ratioReturn relative to maximum drawdown

2.60

4.73

-2.14

Martin ratioReturn relative to average drawdown

8.11

17.82

-9.71

IXC vs. DXJ - Sharpe Ratio Comparison

The current IXC Sharpe Ratio is 2.06, which is comparable to the DXJ Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of IXC 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.

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Drawdowns

IXC vs. DXJ - Drawdown Comparison

The maximum IXC drawdown since its inception was -67.88%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for IXC and DXJ.

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Drawdown Indicators

IXCDXJDifference

Max Drawdown

Largest peak-to-trough decline

-67.88%

-49.63%

-18.25%

Max Drawdown (1Y)

Largest decline over 1 year

-15.36%

-10.98%

-4.38%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-22.19%

+3.13%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-22.19%

-2.74%

Max Drawdown (10Y)

Largest decline over 10 years

-64.16%

-39.14%

-25.02%

Current Drawdown

Current decline from peak

-6.70%

-4.28%

-2.42%

Average Drawdown

Average peak-to-trough decline

-17.44%

-14.26%

-3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.91%

2.91%

+2.00%

Volatility

IXC vs. DXJ - Volatility Comparison

The current volatility for iShares Global Energy ETF (IXC) is 6.05%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 6.53%. This indicates that IXC 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.

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Volatility by Period

IXCDXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

6.53%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

15.78%

14.44%

+1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

18.43%

+0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.39%

19.04%

+4.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.82%

19.93%

+6.89%

IXC vs. DXJ - Expense Ratio Comparison

IXC has a 0.40% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

IXC vs. DXJ - Dividend Comparison

IXC's dividend yield for the trailing twelve months is around 2.93%, more than DXJ's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		0.98%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
IXC
iShares Global Energy ETF		2.93%3.68%4.56%3.45%4.76%3.98%4.86%7.00%3.51%3.05%2.86%3.77%

Frequently Asked Questions

IXC and DXJ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DXJ has higher volatility (6.53%) compared to IXC (6.05%). In terms of maximum drawdown, IXC dropped -67.88% vs DXJ's -49.63%.

On 10-year performance, DXJ leads with 18.40% vs 9.55% for IXC. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DXJ has performed better with a 18.40% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXC is cheaper with a 0.40% expense ratio, compared with 0.48% for DXJ.

IXC has the higher dividend yield at 2.93%, compared with 0.98% for DXJ.

IXC is categorized as Energy Equities, while DXJ is Japan Equities. IXC tracks S&P Global 1200 Energy Capped Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for IXC and 0.48% for DXJ.

DXJ currently has the higher Sharpe Ratio (2.83 vs 2.06), 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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