NTSX vs. DXJ

Last updated Jun 4, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - NTSX is a Diversified Portfolio fund actively managed by WisdomTree, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. NTSX is actively managed, while DXJ is passively managed. Over the past 5 years, NTSX returned 9.69%/yr vs 26.13%/yr for DXJ. A 0.54 correlation means they provide meaningful diversification when combined. NTSX charges 0.20%/yr vs 0.48%/yr for DXJ.

Performance

NTSX vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTSX achieves a 8.62% return, which is significantly lower than DXJ's 19.64% return.

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

DXJ

• 1D: 0.74%
• 1M: 7.24%
• YTD: 19.64%
• 6M: 24.36%
• 1Y: 53.93%
• 3Y*: 33.15%
• 5Y*: 26.13%
• 10Y*: 18.33%

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

NTSX vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-16.32%

Correlation

The correlation between NTSX and DXJ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.54

The correlation between NTSX and DXJ shifts across timeframes, from 0.42 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

NTSX vs. DXJ - Sectors Allocation Comparison

Sectors	NTSX	DXJ
Technology	35.1%	12.9%
Communication Services	12.5%	2.7%
Financial Services	12.3%	18.3%
Consumer Cyclical	10.1%	15.6%
Healthcare	8.4%	6.8%
Industrials	7.7%	27.4%
Consumer Defensive	5.5%	4.7%
Energy	3.5%	1.7%
Utilities	2.1%	0.1%
Real Estate	1.5%	-
Basic Materials	1.4%	8.5%

Return for Risk

NTSX vs. DXJ — Risk / Return Rank

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

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

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.

NTSX vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.06	3.11	-1.04
Sortino ratio: Return per unit of downside risk	2.81	4.20	-1.40
Omega ratio: Gain probability vs. loss probability	1.37	1.56	-0.19
Calmar ratio: Return relative to maximum drawdown	2.77	4.94	-2.17
Martin ratio: Return relative to average drawdown	12.25	19.29	-7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSX vs. DXJ - Sharpe Ratio Comparison

The current NTSX Sharpe Ratio is 2.06, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of NTSX and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NTSX	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	3.11	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	1.39	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.43	+0.29

Drawdowns

NTSX vs. DXJ - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for NTSX and DXJ.

Drawdown Indicators

	NTSX	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-49.63%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-10.98%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-22.19%	+5.37%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-22.19%	-9.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-1.05%	0.00%	-1.05%
Average Drawdown Average peak-to-trough decline	-6.79%	-14.34%	+7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.81%	-0.74%

Volatility

NTSX vs. DXJ - Volatility Comparison

WisdomTree U.S. Efficient Core Fund (NTSX) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 3.39% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSX	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.55%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	13.09%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	17.44%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	18.96%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	20.18%	-1.91%

NTSX vs. DXJ - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

NTSX vs. DXJ - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.08%, which matches DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NTSX and DXJ in my portfolio?

NTSX and DXJ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSX or DXJ?

DXJ has higher volatility (3.55%) compared to NTSX (3.39%). In terms of maximum drawdown, NTSX dropped -31.34% vs DXJ's -49.63%.

Which ETF is better, NTSX or DXJ?

On 5-year performance, DXJ leads with 26.13% vs 9.69% for NTSX. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSX or DXJ?

Over the 5-year period, DXJ has performed better with a 26.13% return vs 9.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSX or DXJ?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, NTSX or DXJ?

NTSX and DXJ have nearly identical dividend yields, around 1.08%.

What is the main difference between NTSX and DXJ?

NTSX is categorized as Diversified Portfolio, while DXJ is Japan Equities. Their fees differ too: 0.20% for NTSX and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 2.06), 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.