OPPJ vs. EWJ
Compare and contrast key facts about WisdomTree Japan Opportunities ETF (OPPJ) and iShares MSCI Japan ETF (EWJ).
OPPJ and EWJ 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. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both OPPJ and EWJ 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. EWJ - Performance Comparison
Loading graphics...
OPPJ vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 20.51% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
EWJ iShares MSCI Japan ETF | 7.11% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 19.34% | -14.10% | 24.27% |
Returns By Period
In the year-to-date period, OPPJ achieves a 20.51% return, which is significantly higher than EWJ's 7.11% return. Over the past 10 years, OPPJ has outperformed EWJ with an annualized return of 16.92%, while EWJ has yielded a comparatively lower 9.04% annualized return.
OPPJ
- 1D
- 2.76%
- 1M
- -0.57%
- YTD
- 20.51%
- 6M
- 36.21%
- 1Y
- 64.63%
- 3Y*
- 35.70%
- 5Y*
- 23.61%
- 10Y*
- 16.92%
EWJ
- 1D
- 2.42%
- 1M
- -4.12%
- YTD
- 7.11%
- 6M
- 11.85%
- 1Y
- 32.61%
- 3Y*
- 17.20%
- 5Y*
- 7.13%
- 10Y*
- 9.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OPPJ vs. EWJ - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Return for Risk
OPPJ vs. EWJ — Risk / Return Rank
OPPJ
EWJ
OPPJ vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and iShares MSCI Japan ETF (EWJ). 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 | EWJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.07 | 1.49 | +1.58 |
Sortino ratioReturn per unit of downside risk | 3.80 | 2.12 | +1.68 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 5.51 | 2.35 | +3.16 |
Martin ratioReturn relative to average drawdown | 22.57 | 8.67 | +13.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| OPPJ | EWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 1.49 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.40 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.52 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.10 | +0.65 |
Correlation
The correlation between OPPJ and EWJ is 0.75, 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. EWJ - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.58%, less than EWJ's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.58% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
EWJ iShares MSCI Japan ETF | 4.22% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
Drawdowns
OPPJ vs. EWJ - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for OPPJ and EWJ.
Loading graphics...
Drawdown Indicators
| OPPJ | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -60.93% | +21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -13.59% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -33.14% | +16.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -33.14% | -6.16% |
Current DrawdownCurrent decline from peak | -2.94% | -7.97% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -21.84% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.68% | -0.88% |
Volatility
OPPJ vs. EWJ - Volatility Comparison
The current volatility for WisdomTree Japan Opportunities ETF (OPPJ) is 8.05%, while iShares MSCI Japan ETF (EWJ) has a volatility of 9.02%. This indicates that OPPJ experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| OPPJ | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 9.02% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 15.04% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.19% | 21.96% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 18.12% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 17.32% | +2.58% |