JAPN.TO vs. DXJ
Compare and contrast key facts about CI WisdomTree Japan Equity Index ETF (JAPN.TO) and WisdomTree Japan Hedged Equity Fund (DXJ).
JAPN.TO and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAPN.TO is a passively managed fund by CI Investments that tracks the performance of the WisdomTree Japan Equity Index CAD. It was launched on Aug 1, 2018. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both JAPN.TO and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAPN.TO or DXJ.
Correlation
The correlation between JAPN.TO and DXJ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JAPN.TO vs. DXJ - Performance Comparison
Key characteristics
JAPN.TO:
0.62
DXJ:
0.61
JAPN.TO:
0.91
DXJ:
0.90
JAPN.TO:
1.13
DXJ:
1.13
JAPN.TO:
0.60
DXJ:
0.58
JAPN.TO:
1.85
DXJ:
1.93
JAPN.TO:
7.01%
DXJ:
6.71%
JAPN.TO:
20.92%
DXJ:
21.31%
JAPN.TO:
-28.88%
DXJ:
-49.63%
JAPN.TO:
-3.98%
DXJ:
-4.01%
Returns By Period
In the year-to-date period, JAPN.TO achieves a 0.34% return, which is significantly higher than DXJ's -0.50% return.
JAPN.TO
0.34%
2.95%
7.56%
12.46%
44.18%
N/A
DXJ
-0.50%
1.89%
7.21%
12.03%
19.90%
10.89%
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JAPN.TO vs. DXJ - Expense Ratio Comparison
Both JAPN.TO and DXJ have an expense ratio of 0.48%.
Risk-Adjusted Performance
JAPN.TO vs. DXJ — Risk-Adjusted Performance Rank
JAPN.TO
DXJ
JAPN.TO vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CI WisdomTree Japan Equity Index ETF (JAPN.TO) 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.
Dividends
JAPN.TO vs. DXJ - Dividend Comparison
JAPN.TO's dividend yield for the trailing twelve months is around 1.57%, less than DXJ's 3.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAPN.TO CI WisdomTree Japan Equity Index ETF | 1.57% | 1.58% | 1.51% | 2.59% | 1.35% | 1.36% | 2.12% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 3.50% | 3.48% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% |
Drawdowns
JAPN.TO vs. DXJ - Drawdown Comparison
The maximum JAPN.TO drawdown since its inception was -28.88%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for JAPN.TO and DXJ. For additional features, visit the drawdowns tool.
Volatility
JAPN.TO vs. DXJ - Volatility Comparison
CI WisdomTree Japan Equity Index ETF (JAPN.TO) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 3.93% and 3.94%, 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.