MINV vs. OPPJ
MINV (Matthews Asia Innovators Active ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - MINV is a Asia Pacific Equities fund actively managed by Matthews, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. MINV is actively managed, while OPPJ is passively managed. Over the past 3 years, MINV returned 28.60%/yr vs 33.55%/yr for OPPJ. At a 0.33 correlation, their price movements are largely independent. MINV charges 0.79%/yr vs 0.58%/yr for OPPJ.
Performance
MINV vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, MINV achieves a 44.25% return, which is significantly higher than OPPJ's 25.07% return.
MINV
- 1D
- 0.43%
- 1M
- -4.89%
- 6M
- 33.76%
- YTD
- 44.25%
- 1Y
- 64.97%
- 3Y*
- 28.60%
- 5Y*
- —
- 10Y*
- —
OPPJ
- 1D
- 1.19%
- 1M
- -0.92%
- 6M
- 15.71%
- YTD
- 25.07%
- 1Y
- 60.60%
- 3Y*
- 33.55%
- 5Y*
- 24.96%
- 10Y*
- 17.32%
MINV vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MINV Matthews Asia Innovators Active ETF | 44.25% | 30.85% | 17.32% | -2.66% | -2.87% |
OPPJ WisdomTree Japan Opportunities ETF | 25.07% | 37.08% | 20.70% | 38.96% | 4.67% |
Correlation
The correlation between MINV and OPPJ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.33 |
The correlation between MINV and OPPJ shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINV vs. OPPJ — Risk / Return Rank
MINV
OPPJ
MINV vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) and WisdomTree Japan Opportunities ETF (OPPJ). 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.
| MINV | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 6.20 | -1.74 |
| Martin ratioReturn relative to average drawdown | 13.35 | 19.65 | -6.30 |
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Drawdowns
MINV vs. OPPJ - Drawdown Comparison
The maximum MINV drawdown since its inception was -23.49%, smaller than the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for MINV and OPPJ.
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Drawdown Indicators
| MINV | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -39.30% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -9.82% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -16.49% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -14.28% | -5.09% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -6.48% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 3.10% | +1.78% |
Volatility
MINV vs. OPPJ - Volatility Comparison
Matthews Asia Innovators Active ETF (MINV) has a higher volatility of 15.48% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 7.59%. This indicates that MINV's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINV | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.48% | 7.59% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 27.72% | 17.00% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.68% | 21.02% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 18.32% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 19.56% | +5.57% |
MINV vs. OPPJ - Expense Ratio Comparison
MINV has a 0.79% expense ratio, which is higher than OPPJ's 0.58% expense ratio.
Dividends
MINV vs. OPPJ - Dividend Comparison
MINV's dividend yield for the trailing twelve months is around 1.05%, less than OPPJ's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINV Matthews Asia Innovators Active ETF | 1.05% | 1.51% | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.12% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
MINV and OPPJ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINV has higher volatility (15.48%) compared to OPPJ (7.59%). In terms of maximum drawdown, MINV dropped -23.49% vs OPPJ's -39.30%.
On 3-year performance, OPPJ leads with 33.55% vs 28.60% for MINV. On fees, OPPJ is cheaper at 0.58% per year. On volatility, OPPJ has been the lower-risk option at 7.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OPPJ has performed better with a 33.55% return vs 28.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.79% for MINV.
OPPJ has the higher dividend yield at 1.12%, compared with 1.05% for MINV.
MINV is categorized as Asia Pacific Equities, while OPPJ is Japan Equities. They also come from different issuers: Matthews and WisdomTree. Their fees differ too: 0.79% for MINV and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (2.90 vs 2.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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