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JAPN.TO vs. DXJS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JAPN.TO vs. DXJS

Last updated Apr 1, 2026

Compare and contrast key facts about CI WisdomTree Japan Equity Index ETF (JAPN.TO) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).

JAPN.TO and DXJS 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. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. Both JAPN.TO and DXJS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JAPN.TO vs. DXJS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI WisdomTree Japan Equity Index ETF (JAPN.TO) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). The values are adjusted to include any dividend payments, if applicable.

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JAPN.TO vs. DXJS - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JAPN.TO
CI WisdomTree Japan Equity Index ETF		9.12%30.66%29.25%35.51%10.82%16.05%2.20%16.56%-15.95%
DXJS
WisdomTree Japan Hedged SmallCap Equity Fund		18.86%30.79%31.07%35.90%12.51%10.65%-4.85%12.43%-11.31%
Different Trading Currencies

JAPN.TO is traded in CAD, while DXJS is traded in USD. To make them comparable, the DXJS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JAPN.TO achieves a 9.12% return, which is significantly lower than DXJS's 18.86% return.

JAPN.TO

1D
1.85%
1M
-7.42%
YTD
9.12%
6M
22.19%
1Y
44.25%
3Y*
34.70%
5Y*
23.48%
10Y*
—

DXJS

1D
1.91%
1M
-3.25%
YTD
18.86%
6M
31.20%
1Y
53.54%
3Y*
35.76%
5Y*
25.50%
10Y*
17.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

CI WisdomTree Japan Equity Index ETF

WisdomTree Japan Hedged SmallCap Equity Fund

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Often compared with DXJS:
DXJS vs. DXJDXJS vs. DFJDXJS vs. FXYDXJS vs. GSJYDXJS vs. FJSCXDXJS vs. SHDXJS vs. AVDV

JAPN.TO vs. DXJS - Expense Ratio Comparison

JAPN.TO has a 0.48% expense ratio, which is lower than DXJS's 0.58% expense ratio.

DXJS
WisdomTree Japan Hedged SmallCap Equity Fund
JAPN.TO
CI WisdomTree Japan Equity Index ETF

Return for Risk

JAPN.TO vs. DXJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JAPN.TO
JAPN.TO Risk / Return Rank: 9393
Overall Rank
JAPN.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
JAPN.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
JAPN.TO Omega Ratio Rank: 9494
Omega Ratio Rank
JAPN.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
JAPN.TO Martin Ratio Rank: 9393
Martin Ratio Rank
DXJS
DXJS Risk / Return Rank: 9797
Overall Rank
DXJS Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
DXJS Sortino Ratio Rank: 9797
Sortino Ratio Rank
DXJS Omega Ratio Rank: 9696
Omega Ratio Rank
DXJS Calmar Ratio Rank: 9797
Calmar Ratio Rank
DXJS Martin Ratio Rank: 9797
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.

JAPN.TO vs. DXJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI WisdomTree Japan Equity Index ETF (JAPN.TO) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.

JAPN.TODXJSDifference

Sharpe ratio

Return per unit of total volatility

1.99

2.55

-0.56

Sortino ratio

Return per unit of downside risk

2.75

3.17

-0.42

Omega ratio

Gain probability vs. loss probability

1.43

1.43

0.00

Calmar ratio

Return relative to maximum drawdown

3.43

4.05

-0.62

Martin ratio

Return relative to average drawdown

13.26

15.91

-2.65

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

JAPN.TO vs. DXJS - Sharpe Ratio Comparison

The current JAPN.TO Sharpe Ratio is 1.99, which is comparable to the DXJS Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of JAPN.TO and DXJS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JAPN.TODXJSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

2.55

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.26

1.47

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

0.88

0.00

Correlation

The correlation between JAPN.TO and DXJS is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JAPN.TO vs. DXJS - Dividend Comparison

JAPN.TO's dividend yield for the trailing twelve months is around 2.21%, more than DXJS's 1.62% yield.

TTM20252024202320222021202020192018201720162015
JAPN.TO
CI WisdomTree Japan Equity Index ETF		2.21%2.08%1.58%1.51%2.59%1.35%1.36%2.12%0.62%0.00%0.00%0.00%
DXJS
WisdomTree Japan Hedged SmallCap Equity Fund		1.62%1.78%4.02%2.71%2.63%2.96%3.04%2.17%2.06%1.53%1.66%3.61%

Drawdowns

JAPN.TO vs. DXJS - Drawdown Comparison

The maximum JAPN.TO drawdown since its inception was -28.88%, smaller than the maximum DXJS drawdown of -32.91%. Use the drawdown chart below to compare losses from any high point for JAPN.TO and DXJS.

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Drawdown Indicators

JAPN.TODXJSDifference

Max Drawdown

Largest peak-to-trough decline

-28.88%

-39.30%

+10.42%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-11.47%

-0.69%

Max Drawdown (5Y)

Largest decline over 5 years

-21.67%

-16.49%

-5.18%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.30%

—

Current Drawdown

Current decline from peak

-7.86%

-5.55%

-2.31%

Average Drawdown

Average peak-to-trough decline

-6.12%

-6.54%

+0.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

2.89%

+0.29%

Volatility

JAPN.TO vs. DXJS - Volatility Comparison

The current volatility for CI WisdomTree Japan Equity Index ETF (JAPN.TO) is 7.68%, while WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a volatility of 8.11%. This indicates that JAPN.TO experiences smaller price fluctuations and is considered to be less risky than DXJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JAPN.TODXJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.68%

8.11%

-0.43%

Volatility (6M)

Calculated over the trailing 6-month period

13.75%

15.43%

-1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

22.44%

21.15%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.75%

17.40%

+1.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.72%

19.29%

+0.43%