OPPJ vs. DXJS
OPPJ (WisdomTree Japan Opportunities ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds from WisdomTree - OPPJ tracks the WisdomTree Japan Opportunities Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.58% expense ratio.
Performance
OPPJ vs. DXJS - Performance Comparison
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Returns By Period
OPPJ
- 1D
- -2.10%
- 1M
- -2.08%
- 6M
- 14.84%
- YTD
- 23.60%
- 1Y
- 59.51%
- 3Y*
- 33.02%
- 5Y*
- 24.42%
- 10Y*
- 17.19%
DXJS
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPPJ vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 23.60% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between OPPJ and DXJS is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.99 |
The correlation between OPPJ and DXJS has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
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Return for Risk
OPPJ vs. DXJS — Risk / Return Rank
OPPJ
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OPPJ vs. DXJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) 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.
| OPPJ | DXJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | — | — |
| Martin ratioReturn relative to average drawdown | 19.33 | — | — |
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Drawdowns
OPPJ vs. DXJS - Drawdown Comparison
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Drawdown Indicators
| OPPJ | DXJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | — | — |
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 | -6.21% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.48% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | — | — |
Volatility
OPPJ vs. DXJS - Volatility Comparison
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Volatility by Period
| OPPJ | DXJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | — | — |
OPPJ vs. DXJS - Expense Ratio Comparison
Both OPPJ and DXJS have an expense ratio of 0.58%.
Dividends
OPPJ vs. DXJS - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.13%, 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% |
OPPJ WisdomTree Japan Opportunities ETF | 1.13% | 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
With a correlation of 0.93, OPPJ and DXJS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.58% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
OPPJ and DXJS have the same expense ratio: 0.58% per year.
OPPJ has the higher dividend yield at 1.13%, compared with 0.53% for DXJS.
OPPJ tracks WisdomTree Japan Opportunities Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index.
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