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IYH vs. DXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYH vs. DXJ

Last updated Jun 9, 2026

IYH (iShares U.S. Healthcare ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, IYH returned 9.38%/yr vs 18.23%/yr for DXJ. A 0.51 correlation means they provide meaningful diversification when combined. IYH charges 0.43%/yr vs 0.48%/yr for DXJ.

Performance

IYH vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Healthcare ETF (IYH) 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, IYH achieves a -1.29% return, which is significantly lower than DXJ's 17.86% return. Over the past 10 years, IYH has underperformed DXJ with an annualized return of 9.38%, while DXJ has yielded a comparatively higher 18.23% annualized return.

IYH

1D
-0.28%
1M
6.02%
YTD
-1.29%
6M
0.79%
1Y
15.28%
3Y*
6.60%
5Y*
4.95%
10Y*
9.38%

DXJ

1D
0.39%
1M
2.00%
YTD
17.86%
6M
21.01%
1Y
51.36%
3Y*
31.77%
5Y*
25.93%
10Y*
18.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYH vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYH
iShares U.S. Healthcare ETF		-1.29%13.16%2.99%2.14%-4.46%23.41%15.56%20.80%5.80%22.27%
DXJ
WisdomTree Japan Hedged Equity Fund		17.86%32.78%29.83%42.04%5.96%17.99%3.94%18.94%-19.78%22.81%

Correlation

The correlation between IYH and DXJ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.30

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

0.37

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2006

0.51

Over the past year, the correlation between IYH and DXJ has dropped to 0.28 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

IYH vs. DXJ - Sectors Allocation Comparison

Sectors
IYH
DXJ

Healthcare

100.0%
6.8%

Basic Materials

-

8.5%

Communication Services

-

2.7%

Consumer Cyclical

-

15.6%

Consumer Defensive

-

4.7%

Energy

-

1.7%

Financial Services

-

18.3%

Industrials

-

27.4%

Real Estate

-

-

Technology

-

12.9%

Utilities

-

0.1%

Healthcare

IYH
100.0%
DXJ
6.8%

Basic Materials

IYH

-

DXJ
8.5%

Communication Services

IYH

-

DXJ
2.7%

Consumer Cyclical

IYH

-

DXJ
15.6%

Consumer Defensive

IYH

-

DXJ
4.7%

Energy

IYH

-

DXJ
1.7%

Financial Services

IYH

-

DXJ
18.3%

Industrials

IYH

-

DXJ
27.4%

Real Estate

IYH

-

DXJ

-

Technology

IYH

-

DXJ
12.9%

Utilities

IYH

-

DXJ
0.1%

Compare stocks, funds, or ETFs

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

iShares U.S. Healthcare ETF

WisdomTree Japan Hedged Equity Fund

Often compared with IYH:
IYH vs. VHTIYH vs. XLVIYH vs. SPYIYH vs. IYEIYH vs. IFRAIYH vs. BMEDIYH vs. IBB
Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

IYH vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYH
IYH Risk / Return Rank: 3131
Overall Rank
IYH Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IYH Sortino Ratio Rank: 3333
Sortino Ratio Rank
IYH Omega Ratio Rank: 3030
Omega Ratio Rank
IYH Calmar Ratio Rank: 3232
Calmar Ratio Rank
IYH Martin Ratio Rank: 2727
Martin Ratio Rank
DXJ
DXJ Risk / Return Rank: 9090
Overall Rank
DXJ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9191
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9090
Omega Ratio Rank
DXJ Calmar Ratio Rank: 8888
Calmar Ratio Rank
DXJ Martin Ratio Rank: 8989
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.

IYH vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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.

IYHDXJDifference
Sharpe ratioReturn per unit of total volatility
1.02
2.94

-1.92

Sortino ratioReturn per unit of downside risk
1.64
3.96

-2.32

Omega ratioGain probability vs. loss probability

1.18

1.53

-0.35

Calmar ratioReturn relative to maximum drawdown

1.44

4.70

-3.26

Martin ratioReturn relative to average drawdown

3.45

18.34

-14.89

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYH vs. DXJ - Sharpe Ratio Comparison

The current IYH Sharpe Ratio is 1.02, which is lower than the DXJ Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of IYH 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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Sharpe Ratios by Period

IYHDXJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

2.94

-1.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

1.37

-1.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.91

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.43

0.42

+0.01

Drawdowns

IYH vs. DXJ - Drawdown Comparison

The maximum IYH drawdown since its inception was -43.12%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for IYH and DXJ.

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Drawdown Indicators

IYHDXJDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-49.63%

+6.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-10.98%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-22.19%

+4.28%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-22.19%

+4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-39.14%

+10.74%

Current Drawdown

Current decline from peak

-4.56%

-2.06%

-2.50%

Average Drawdown

Average peak-to-trough decline

-8.96%

-14.33%

+5.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.43%

2.81%

+1.62%

Volatility

IYH vs. DXJ - Volatility Comparison

iShares U.S. Healthcare ETF (IYH) has a higher volatility of 4.97% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.19%. This indicates that IYH's price experiences larger fluctuations and is considered to be riskier 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

IYHDXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.97%

4.19%

+0.78%

Volatility (6M)

Calculated over the trailing 6-month period

10.67%

13.33%

-2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

15.03%

17.58%

-2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.97%

19.00%

-4.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.74%

20.19%

-3.45%

IYH vs. DXJ - Expense Ratio Comparison

IYH has a 0.43% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

IYH vs. DXJ - Dividend Comparison

IYH's dividend yield for the trailing twelve months is around 1.26%, more than DXJ's 1.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		1.10%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
IYH
iShares U.S. Healthcare ETF		1.26%1.19%1.25%1.18%1.10%0.94%1.16%1.14%1.95%1.10%1.29%2.02%

Frequently Asked Questions

IYH and DXJ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYH has higher volatility (4.97%) compared to DXJ (4.19%). In terms of maximum drawdown, IYH dropped -43.12% vs DXJ's -49.63%.

On 10-year performance, DXJ leads with 18.23% vs 9.38% for IYH. On fees, IYH is cheaper at 0.43% per year. On volatility, DXJ has been the lower-risk option at 4.19%. 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 18.23% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYH is cheaper with a 0.43% expense ratio, compared with 0.48% for DXJ.

IYH has the higher dividend yield at 1.26%, compared with 1.10% for DXJ.

IYH is categorized as Health & Biotech Equities, while DXJ is Japan Equities. IYH tracks Dow Jones U.S. Health Care Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.43% for IYH and 0.48% for DXJ.

DXJ currently has the higher Sharpe Ratio (2.94 vs 1.02), 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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