JPAN vs. DFJ
Compare and contrast key facts about Matthews Japan Active ETF (JPAN) and WisdomTree Japan SmallCap Dividend Fund (DFJ).
JPAN and DFJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPAN is an actively managed fund by Matthews. It was launched on Sep 21, 2023. DFJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan SmallCap Dividend Index. It was launched on Jun 16, 2006.
Performance
JPAN vs. DFJ - Performance Comparison
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JPAN vs. DFJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPAN Matthews Japan Active ETF | 2.16% | 22.96% | 18.16% | 5.77% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 5.94% | 31.90% | 2.80% | 7.10% |
Returns By Period
In the year-to-date period, JPAN achieves a 2.16% return, which is significantly lower than DFJ's 5.94% return.
JPAN
- 1D
- 3.86%
- 1M
- -10.55%
- YTD
- 2.16%
- 6M
- 6.42%
- 1Y
- 25.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFJ
- 1D
- 3.53%
- 1M
- -9.59%
- YTD
- 5.94%
- 6M
- 9.16%
- 1Y
- 32.42%
- 3Y*
- 17.78%
- 5Y*
- 8.69%
- 10Y*
- 9.09%
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JPAN vs. DFJ - Expense Ratio Comparison
JPAN has a 0.79% expense ratio, which is higher than DFJ's 0.58% expense ratio.
Return for Risk
JPAN vs. DFJ — Risk / Return Rank
JPAN
DFJ
JPAN vs. DFJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Japan Active ETF (JPAN) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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.
| JPAN | DFJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 1.88 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.54 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.41 | -0.73 |
Martin ratioReturn relative to average drawdown | 6.40 | 8.69 | -2.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPAN | DFJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.88 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.30 | +0.73 |
Correlation
The correlation between JPAN and DFJ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JPAN vs. DFJ - Dividend Comparison
JPAN's dividend yield for the trailing twelve months is around 4.99%, more than DFJ's 2.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPAN Matthews Japan Active ETF | 4.99% | 5.10% | 1.53% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.51% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
Drawdowns
JPAN vs. DFJ - Drawdown Comparison
The maximum JPAN drawdown since its inception was -15.24%, smaller than the maximum DFJ drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for JPAN and DFJ.
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Drawdown Indicators
| JPAN | DFJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -46.00% | +30.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -13.03% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.02% | — |
Current DrawdownCurrent decline from peak | -11.30% | -9.59% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -11.19% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.62% | +0.23% |
Volatility
JPAN vs. DFJ - Volatility Comparison
Matthews Japan Active ETF (JPAN) has a higher volatility of 9.12% compared to WisdomTree Japan SmallCap Dividend Fund (DFJ) at 7.65%. This indicates that JPAN's price experiences larger fluctuations and is considered to be riskier than DFJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPAN | DFJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.12% | 7.65% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 12.62% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 17.39% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 15.75% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 16.90% | +2.18% |