JPXN vs. DFJ
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and WisdomTree Japan SmallCap Dividend Fund (DFJ).
JPXN and DFJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. 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. Both JPXN and DFJ 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
JPXN vs. DFJ - Performance Comparison
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JPXN vs. DFJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 8.03% | 26.03% | 6.48% | 19.69% | -16.29% | 0.16% | 15.12% | 19.40% | -14.87% | 24.41% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 7.89% | 31.90% | 2.80% | 21.81% | -9.00% | 0.38% | 1.29% | 16.98% | -18.53% | 32.14% |
Returns By Period
The year-to-date returns for both stocks are quite close, with JPXN having a 8.03% return and DFJ slightly lower at 7.89%. Both investments have delivered pretty close results over the past 10 years, with JPXN having a 8.96% annualized return and DFJ not far ahead at 9.29%.
JPXN
- 1D
- 2.18%
- 1M
- -4.41%
- YTD
- 8.03%
- 6M
- 12.46%
- 1Y
- 32.64%
- 3Y*
- 17.31%
- 5Y*
- 7.27%
- 10Y*
- 8.96%
DFJ
- 1D
- 1.84%
- 1M
- -5.02%
- YTD
- 7.89%
- 6M
- 12.99%
- 1Y
- 35.67%
- 3Y*
- 18.50%
- 5Y*
- 9.09%
- 10Y*
- 9.29%
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JPXN vs. DFJ - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than DFJ's 0.58% expense ratio.
Return for Risk
JPXN vs. DFJ — Risk / Return Rank
JPXN
DFJ
JPXN vs. DFJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) 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.
| JPXN | DFJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 2.05 | -0.47 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.75 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.68 | -0.23 |
Martin ratioReturn relative to average drawdown | 9.35 | 9.61 | -0.25 |
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
| JPXN | DFJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.05 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.58 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.31 | -0.05 |
Correlation
The correlation between JPXN and DFJ is 0.83, 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
JPXN vs. DFJ - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.91%, more than DFJ's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.91% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.46% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
Drawdowns
JPXN vs. DFJ - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, which is greater than DFJ's maximum drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for JPXN and DFJ.
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Drawdown Indicators
| JPXN | DFJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -46.00% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -13.03% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -29.71% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -40.02% | +6.81% |
Current DrawdownCurrent decline from peak | -7.51% | -7.92% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -11.19% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.63% | -0.20% |
Volatility
JPXN vs. DFJ - Volatility Comparison
iShares JPX-Nikkei 400 ETF (JPXN) has a higher volatility of 8.66% compared to WisdomTree Japan SmallCap Dividend Fund (DFJ) at 7.50%. This indicates that JPXN'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
| JPXN | DFJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 7.50% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 12.71% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 17.45% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 15.77% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 16.91% | +0.16% |