JHDG vs. DXJ

Last updated Jul 28, 2026

JHDG (John Hancock Hedged Equity ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - JHDG is a Equity Hedged fund actively managed by John Hancock, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. JHDG is actively managed, while DXJ is passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. JHDG charges 0.49%/yr vs 0.48%/yr for DXJ.

Performance

JHDG vs. DXJ - Performance Comparison

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

Returns By Period

JHDG

• 1D: -0.31%
• 1M: -0.79%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DXJ

• 1D: 0.32%
• 1M: 2.38%
• 6M: 19.15%
• YTD: 23.98%
• 1Y: 49.55%
• 3Y*: 31.17%
• 5Y*: 27.65%
• 10Y*: 18.98%
• ALL TIME*: 9.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXJ WisdomTree Japan Hedged Equity Fund	$69.68M	$61.25M	$56.34M
JHDG John Hancock Hedged Equity ETF	$1.11M	$1.05M	$1.10M

JHDG vs. DXJ - Yearly Performance Comparison

	2026 (YTD)
JHDG John Hancock Hedged Equity ETF	5.74%
DXJ WisdomTree Japan Hedged Equity Fund	11.03%

Correlation

The correlation between JHDG and DXJ is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.55

JHDG vs. DXJ - Sectors Allocation Comparison

Sectors	JHDG	DXJ
Technology	31.6%	12.9%
Consumer Cyclical	11.6%	13.3%
Healthcare	11.2%	6.8%
Financial Services	9.8%	18.3%
Industrials	8.3%	29.5%
Communication Services	8.1%	2.3%
Consumer Defensive	6.2%	4.7%
Energy	5.6%	1.7%
Basic Materials	4.7%	9.1%
Real Estate	2.2%	-
Utilities	0.7%	0.1%

Return for Risk

JHDG vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHDG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DXJ

DXJ Risk / Return Rank: 94
DXJ Sharpe Ratio Rank: 95
DXJ Sortino Ratio Rank: 94
DXJ Omega Ratio Rank: 94
DXJ Calmar Ratio Rank: 93
DXJ Martin Ratio Rank: 93

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.

JHDG vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Hedged Equity ETF (JHDG) 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.

	JHDG	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.77	—
Sortino ratio: Return per unit of downside risk	—	3.58	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	4.54	—
Martin ratio: Return relative to average drawdown	—	17.10	—

Drawdowns

JHDG vs. DXJ - Drawdown Comparison

The maximum JHDG drawdown since its inception was -2.61%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for JHDG and DXJ.

Drawdown Indicators

	JHDG	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-49.63%	+47.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-2.17%	-1.23%	-0.94%
Average Drawdown Average peak-to-trough decline	-0.66%	-14.25%	+13.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.91%	—

Volatility

Volatility by Period

	JHDG	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	18.02%	-7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.16%	19.06%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	19.93%	-9.77%

JHDG vs. DXJ - Expense Ratio Comparison

JHDG has a 0.49% expense ratio, which is higher than DXJ's 0.48% expense ratio.

Dividends

JHDG vs. DXJ - Dividend Comparison

JHDG's dividend yield for the trailing twelve months is around 0.10%, less than DXJ's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	0.95%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
JHDG John Hancock Hedged Equity ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHDG and DXJ in my portfolio?

JHDG and DXJ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHDG or DXJ?

On fees, DXJ is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHDG or DXJ?

DXJ is cheaper with a 0.48% expense ratio, compared with 0.49% for JHDG.

Which ETF pays a higher dividend yield, JHDG or DXJ?

DXJ has the higher dividend yield at 0.95%, compared with 0.10% for JHDG.

What is the main difference between JHDG and DXJ?

JHDG is categorized as Equity Hedged, while DXJ is Japan Equities. They also come from different issuers: John Hancock and WisdomTree. Their fees differ too: 0.49% for JHDG and 0.48% for DXJ.