JPY vs. DXJ

Last updated Apr 2, 2026

Compare and contrast key facts about Lazard Japanese Equity ETF (JPY) and WisdomTree Japan Hedged Equity Fund (DXJ).

JPY and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPY is an actively managed fund by Lazard. It was launched on Apr 4, 2025. 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.

Performance

JPY vs. DXJ - Performance Comparison

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

JPY vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025
JPY Lazard Japanese Equity ETF	5.21%	39.81%
DXJ WisdomTree Japan Hedged Equity Fund	12.49%	52.34%

Returns By Period

In the year-to-date period, JPY achieves a 5.21% return, which is significantly lower than DXJ's 12.49% return.

JPY

• 1D: 2.24%
• 1M: -4.30%
• YTD: 5.21%
• 6M: 8.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DXJ

• 1D: 2.26%
• 1M: -2.82%
• YTD: 12.49%
• 6M: 28.11%
• 1Y: 50.78%
• 3Y*: 35.37%
• 5Y*: 24.88%
• 10Y*: 17.51%

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

JPY vs. DXJ - Expense Ratio Comparison

JPY has a 0.60% expense ratio, which is higher than DXJ's 0.48% expense ratio.

JPY

Lazard Japanese Equity ETF

DXJ

WisdomTree Japan Hedged Equity Fund

Return for Risk

JPY vs. DXJ — Risk / Return Rank

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

DXJ

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

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.

JPY vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Japanese Equity ETF (JPY) 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.

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

Sharpe Ratios by Period

	JPY	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	0.41	+1.84

Correlation

The correlation between JPY and DXJ is 0.79, 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

JPY vs. DXJ - Dividend Comparison

JPY's dividend yield for the trailing twelve months is around 2.26%, more than DXJ's 1.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPY Lazard Japanese Equity ETF	2.26%	2.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.15%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Drawdowns

JPY vs. DXJ - Drawdown Comparison

The maximum JPY drawdown since its inception was -15.13%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for JPY and DXJ.

Drawdown Indicators

	JPY	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-49.63%	+34.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.65%	—
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	-9.26%	-4.69%	-4.57%
Average Drawdown Average peak-to-trough decline	-2.22%	-14.44%	+12.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.25%	—

Volatility

Volatility by Period

	JPY	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.50%	22.85%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.50%	18.93%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	20.51%	+0.99%