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. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.58% expense ratio.
Performance
OPPJ vs. DXJS - Performance Comparison
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Returns By Period
OPPJ
- 1D
- -1.46%
- 1M
- -1.94%
- 6M
- 10.68%
- YTD
- 21.79%
- 1Y
- 53.17%
- 3Y*
- 30.33%
- 5Y*
- 24.11%
- 10Y*
- 17.38%
- ALL TIME*
- 15.05%
DXJS
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.14M | $2.43M | $4.32M |
OPPJ vs. DXJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 21.79% | 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 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.99 |
The correlation between OPPJ and DXJS shifts across timeframes, from 0.89 (1 year) to 0.99 (all time), reflecting how their relationship changes across market environments.
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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 | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | — | — |
| Martin ratioReturn relative to average drawdown | 15.58 | — | — |
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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 | -7.58% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.48% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | — | — |
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 | 7.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.14% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | — | — |
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 1.15%, 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 | 1.15% | 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 DXJS have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 1.15%, 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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