IXN vs. OPPJ
IXN (iShares Global Tech ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, IXN returned 25.03%/yr vs 17.80%/yr for OPPJ. A 0.51 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.58%/yr for OPPJ.
Performance
IXN vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 33.08% return, which is significantly higher than OPPJ's 26.23% return. Over the past 10 years, IXN has outperformed OPPJ with an annualized return of 25.03%, while OPPJ has yielded a comparatively lower 17.80% annualized return.
IXN
- 1D
- 0.42%
- 1M
- 3.37%
- YTD
- 33.08%
- 6M
- 35.17%
- 1Y
- 62.93%
- 3Y*
- 32.38%
- 5Y*
- 21.51%
- 10Y*
- 25.03%
OPPJ
- 1D
- 1.04%
- 1M
- -4.22%
- YTD
- 26.23%
- 6M
- 27.08%
- 1Y
- 64.16%
- 3Y*
- 33.91%
- 5Y*
- 25.20%
- 10Y*
- 17.80%
IXN vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 33.08% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
OPPJ WisdomTree Japan Opportunities ETF | 26.23% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between IXN and OPPJ is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.51 |
The correlation between IXN and OPPJ shifts across timeframes, from 0.35 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. OPPJ — Risk / Return Rank
IXN
OPPJ
IXN vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and WisdomTree Japan Opportunities ETF (OPPJ). 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.
| IXN | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.53 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 6.58 | -2.19 |
| Martin ratioReturn relative to average drawdown | 14.35 | 22.36 | -8.01 |
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Drawdowns
IXN vs. OPPJ - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for IXN and OPPJ.
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Drawdown Indicators
| IXN | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -39.30% | -16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -9.82% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -16.49% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -16.49% | -19.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -39.30% | +3.00% |
Current DrawdownCurrent decline from peak | -6.68% | -4.22% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -6.49% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.89% | +1.32% |
Volatility
IXN vs. OPPJ - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 5.83%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXN | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 5.83% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.45% | 15.99% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 20.10% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 18.15% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 19.73% | +4.85% |
IXN vs. OPPJ - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
IXN vs. OPPJ - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.78%, less than OPPJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
IXN and OPPJ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (12.01%) compared to OPPJ (5.83%). In terms of maximum drawdown, IXN dropped -55.67% vs OPPJ's -39.30%.
On 10-year performance, IXN leads with 25.03% vs 17.80% for OPPJ. On fees, IXN is cheaper at 0.46% per year. On volatility, OPPJ has been the lower-risk option at 5.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXN has performed better with a 25.03% return vs 17.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 0.58% for OPPJ.
OPPJ has the higher dividend yield at 1.50%, compared with 0.78% for IXN.
IXN is categorized as Technology Equities, while OPPJ is Japan Equities. IXN tracks S&P Global Information Technology Sector Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.46% for IXN and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.52), 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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