OPPJ vs. DBJP
OPPJ (WisdomTree Japan Opportunities ETF) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both Japan Equities funds - OPPJ tracks the WisdomTree Japan Opportunities Index while DBJP tracks the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 10 years, OPPJ returned 17.36%/yr vs 16.54%/yr for DBJP. Their correlation of 0.85 suggests significant overlap in exposure. OPPJ charges 0.58%/yr vs 0.45%/yr for DBJP.
Performance
OPPJ vs. DBJP - 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 DBJP's 20.51% return. Both investments have delivered pretty close results over the past 10 years, with OPPJ having a 17.36% annualized return and DBJP not far behind at 16.54%.
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%
DBJP
- 1D
- 0.81%
- 1M
- 8.88%
- YTD
- 20.51%
- 6M
- 24.02%
- 1Y
- 52.66%
- 3Y*
- 29.04%
- 5Y*
- 21.44%
- 10Y*
- 16.54%
OPPJ vs. DBJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.16% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 20.51% | 29.51% | 25.53% | 36.21% | -4.19% | 13.04% | 10.53% | 20.87% | -14.82% | 21.24% |
Correlation
The correlation between OPPJ and DBJP is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013 | 0.85 |
The correlation between OPPJ and DBJP has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
OPPJ vs. DBJP — Risk / Return Rank
OPPJ
DBJP
OPPJ vs. DBJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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 | DBJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.51 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 5.09 | +1.55 |
| Martin ratioReturn relative to average drawdown | 23.90 | 19.86 | +4.04 |
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 | DBJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 2.83 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 1.14 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.85 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.68 | +0.07 |
Drawdowns
OPPJ vs. DBJP - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, which is greater than DBJP's maximum drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for OPPJ and DBJP.
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Drawdown Indicators
| OPPJ | DBJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -31.30% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.39% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -21.50% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -21.50% | +5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -31.30% | -8.00% |
Current DrawdownCurrent decline from peak | -4.27% | 0.00% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.29% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.66% | +0.07% |
Volatility
OPPJ vs. DBJP - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) has a higher volatility of 5.08% compared to Xtrackers MSCI Japan Hedged Equity ETF (DBJP) at 3.85%. This indicates that OPPJ's price experiences larger fluctuations and is considered to be riskier than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | DBJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 3.85% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 13.79% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 18.69% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 18.93% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 19.46% | +0.25% |
OPPJ vs. DBJP - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than DBJP's 0.45% expense ratio.
Dividends
OPPJ vs. DBJP - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than DBJP's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBJP Xtrackers MSCI Japan Hedged Equity ETF | 2.34% | 2.81% | 2.80% | 5.21% | 0.80% | 2.30% | 2.53% | 2.56% | 3.87% | 2.07% | 1.13% | 5.95% |
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 DBJP have a correlation of 0.78, 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 DBJP (3.85%). In terms of maximum drawdown, OPPJ dropped -39.30% vs DBJP's -31.30%.
On 10-year performance, OPPJ leads with 17.36% vs 16.54% for DBJP. On fees, DBJP is cheaper at 0.45% per year. On volatility, DBJP has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OPPJ has performed better with a 17.36% return vs 16.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBJP is cheaper with a 0.45% expense ratio, compared with 0.58% for OPPJ.
DBJP has the higher dividend yield at 2.34%, compared with 1.50% for OPPJ.
OPPJ tracks WisdomTree Japan Opportunities Index, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.58% for OPPJ and 0.45% for DBJP.
OPPJ currently has the higher Sharpe Ratio (3.33 vs 2.83), 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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