JPXN vs. DXJ
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and WisdomTree Japan Hedged Equity Fund (DXJ).
JPXN and DXJ 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. 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 JPXN 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: JPXN or DXJ.
Performance
JPXN vs. DXJ - Performance Comparison
Returns By Period
In the year-to-date period, JPXN achieves a 6.77% return, which is significantly lower than DXJ's 24.76% return. Over the past 10 years, JPXN has underperformed DXJ with an annualized return of 5.74%, while DXJ has yielded a comparatively higher 11.37% annualized return.
JPXN
6.77%
-3.91%
-0.40%
12.00%
4.45%
5.74%
DXJ
24.76%
-0.02%
0.54%
22.13%
18.41%
11.37%
Key characteristics
| JPXN | DXJ | |
|---|---|---|
| Sharpe Ratio | 0.81 | 1.12 |
| Sortino Ratio | 1.17 | 1.48 |
| Omega Ratio | 1.15 | 1.22 |
| Calmar Ratio | 1.01 | 1.05 |
| Martin Ratio | 3.79 | 3.72 |
| Ulcer Index | 3.64% | 6.28% |
| Daily Std Dev | 17.04% | 20.89% |
| Max Drawdown | -54.97% | -49.63% |
| Current Drawdown | -7.50% | -7.29% |
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JPXN vs. DXJ - Expense Ratio Comparison
Both JPXN and DXJ have an expense ratio of 0.48%.
Correlation
The correlation between JPXN and DXJ is 0.82, 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.
Risk-Adjusted Performance
JPXN vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) 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
JPXN vs. DXJ - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.61%, more than DXJ's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.61% | 2.58% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% | 1.18% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.36% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
JPXN vs. DXJ - Drawdown Comparison
The maximum JPXN drawdown since its inception was -54.97%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for JPXN and DXJ. For additional features, visit the drawdowns tool.
Volatility
JPXN vs. DXJ - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 4.49%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.93%. This indicates that JPXN experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.