OPPJ vs. DXJ
Compare and contrast key facts about WisdomTree Japan Opportunities ETF (OPPJ) and WisdomTree Japan Hedged Equity Fund (DXJ).
OPPJ and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPPJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Opportunities Index. It was launched on Jun 28, 2013. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both OPPJ and DXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OPPJ vs. DXJ - Performance Comparison
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OPPJ vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 17.27% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
DXJ WisdomTree Japan Hedged Equity Fund | 10.00% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Returns By Period
In the year-to-date period, OPPJ achieves a 17.27% return, which is significantly higher than DXJ's 10.00% return. Both investments have delivered pretty close results over the past 10 years, with OPPJ having a 16.61% annualized return and DXJ not far ahead at 17.25%.
OPPJ
- 1D
- 2.03%
- 1M
- -5.12%
- YTD
- 17.27%
- 6M
- 31.32%
- 1Y
- 58.83%
- 3Y*
- 34.47%
- 5Y*
- 22.94%
- 10Y*
- 16.61%
DXJ
- 1D
- 2.59%
- 1M
- -6.49%
- YTD
- 10.00%
- 6M
- 24.19%
- 1Y
- 46.21%
- 3Y*
- 34.37%
- 5Y*
- 24.33%
- 10Y*
- 17.25%
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OPPJ vs. DXJ - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Return for Risk
OPPJ vs. DXJ — Risk / Return Rank
OPPJ
DXJ
OPPJ vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) 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.
| OPPJ | DXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.81 | 2.04 | +0.77 |
Sortino ratioReturn per unit of downside risk | 3.53 | 2.67 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.41 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 4.69 | 3.46 | +1.24 |
Martin ratioReturn relative to average drawdown | 19.87 | 13.69 | +6.18 |
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 | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.04 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.29 | 1.29 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.84 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.41 | +0.33 |
Correlation
The correlation between OPPJ and DXJ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OPPJ vs. DXJ - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.62%, more than DXJ's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.62% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
DXJ WisdomTree Japan Hedged Equity Fund | 1.18% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
Drawdowns
OPPJ vs. DXJ - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for OPPJ and DXJ.
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Drawdown Indicators
| OPPJ | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -49.63% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -12.65% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -22.19% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -39.14% | -0.16% |
Current DrawdownCurrent decline from peak | -5.55% | -6.79% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -14.44% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.31% | -0.42% |
Volatility
OPPJ vs. DXJ - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 7.98% and 7.80%, 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 | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 7.80% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 13.70% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.06% | 22.77% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 18.91% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 20.50% | -0.62% |