OPPJ vs. AVDV
OPPJ (WisdomTree Japan Opportunities ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. OPPJ is passively managed, while AVDV is actively managed. Over the past 5 years, OPPJ returned 25.18%/yr vs 13.72%/yr for AVDV. A 0.61 correlation means they provide meaningful diversification when combined. OPPJ charges 0.58%/yr vs 0.36%/yr for AVDV.
Performance
OPPJ vs. AVDV - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.16% return, which is significantly higher than AVDV's 16.04% return.
OPPJ
- 1D
- -0.02%
- 1M
- 2.99%
- YTD
- 26.16%
- 6M
- 32.96%
- 1Y
- 64.97%
- 3Y*
- 34.91%
- 5Y*
- 25.18%
- 10Y*
- 17.36%
AVDV
- 1D
- -0.73%
- 1M
- 3.98%
- YTD
- 16.04%
- 6M
- 19.54%
- 1Y
- 44.23%
- 3Y*
- 28.01%
- 5Y*
- 13.72%
- 10Y*
- —
OPPJ vs. AVDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.16% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 8.27% |
AVDV Avantis International Small Cap Value ETF | 16.04% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 12.05% |
Correlation
The correlation between OPPJ and AVDV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.61 |
The correlation between OPPJ and AVDV has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
OPPJ vs. AVDV — Risk / Return Rank
OPPJ
AVDV
OPPJ vs. AVDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Avantis International Small Cap Value ETF (AVDV). 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.
| OPPJ | AVDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.52 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 3.37 | +3.28 |
| Martin ratioReturn relative to average drawdown | 23.90 | 13.67 | +10.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPPJ | AVDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 2.86 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.80 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.80 | -0.04 |
Drawdowns
OPPJ vs. AVDV - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum AVDV drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for OPPJ and AVDV.
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Drawdown Indicators
| OPPJ | AVDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -43.01% | +3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -13.19% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -14.17% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -28.08% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -4.27% | -1.35% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -6.77% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.24% | -0.51% |
Volatility
OPPJ vs. AVDV - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) and Avantis International Small Cap Value ETF (AVDV) have volatilities of 5.08% and 4.92%, 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.
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Volatility by Period
| OPPJ | AVDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.92% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 13.07% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 15.56% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 17.30% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 19.73% | -0.02% |
OPPJ vs. AVDV - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Dividends
OPPJ vs. AVDV - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than AVDV's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.74% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 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
OPPJ and AVDV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (5.08%) compared to AVDV (4.92%). In terms of maximum drawdown, OPPJ dropped -39.30% vs AVDV's -43.01%.
On 5-year performance, OPPJ leads with 25.18% vs 13.72% for AVDV. On fees, AVDV is cheaper at 0.36% per year. On volatility, AVDV has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OPPJ has performed better with a 25.18% return vs 13.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVDV is cheaper with a 0.36% expense ratio, compared with 0.58% for OPPJ.
AVDV has the higher dividend yield at 2.74%, compared with 1.50% for OPPJ.
OPPJ is categorized as Japan Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 0.58% for OPPJ and 0.36% for AVDV.
OPPJ currently has the higher Sharpe Ratio (3.33 vs 2.86), 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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