MJSC vs. DXJS
MJSC (MUFG Japan Small Cap Active ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds. MJSC is actively managed, while DXJS is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. MJSC charges 0.85%/yr vs 0.58%/yr for DXJS.
Performance
MJSC vs. DXJS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MJSC having a 22.76% return and DXJS slightly higher at 23.30%.
MJSC
- 1D
- -0.49%
- 1M
- -1.12%
- YTD
- 22.76%
- 6M
- 22.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXJS
- 1D
- -2.83%
- 1M
- -2.77%
- YTD
- 23.30%
- 6M
- 24.27%
- 1Y
- 57.81%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
MJSC vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MJSC MUFG Japan Small Cap Active ETF | 22.76% | -0.05% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 11.90% |
Correlation
The correlation between MJSC and DXJS is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.74 |
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Return for Risk
MJSC vs. DXJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUFG Japan Small Cap Active ETF (MJSC) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.
| MJSC | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.24 | — |
| Martin ratioReturn relative to average drawdown | — | 22.10 | — |
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Drawdowns
MJSC vs. DXJS - Drawdown Comparison
The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum DXJS drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for MJSC and DXJS.
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Drawdown Indicators
| MJSC | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -39.30% | +26.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.49% | — |
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 | -2.91% | -6.44% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -6.49% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.77% | — |
Volatility
MJSC vs. DXJS - Volatility Comparison
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Volatility by Period
| MJSC | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 19.86% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.71% | 18.08% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 19.72% | +0.99% |
MJSC vs. DXJS - Expense Ratio Comparison
MJSC has a 0.85% expense ratio, which is higher than DXJS's 0.58% expense ratio.
Dividends
MJSC vs. DXJS - Dividend Comparison
MJSC's dividend yield for the trailing twelve months is around 0.53%, while DXJS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 0.53% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
MJSC MUFG Japan Small Cap Active ETF | 0.53% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MJSC and DXJS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJS is cheaper with a 0.58% expense ratio, compared with 0.85% for MJSC.
MJSC and DXJS have nearly identical dividend yields, around 0.53%.
They also come from different issuers: MUFG and WisdomTree. Their fees differ too: 0.85% for MJSC and 0.58% for DXJS.
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