OPPJ vs. FNDF
OPPJ (WisdomTree Japan Opportunities ETF) and FNDF (Schwab Fundamental International Equity ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while FNDF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net). Both are passively managed. Over the past 10 years, OPPJ returned 17.80%/yr vs 12.34%/yr for FNDF. A 0.62 correlation means they provide meaningful diversification when combined. OPPJ charges 0.58%/yr vs 0.25%/yr for FNDF.
Performance
OPPJ vs. FNDF - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.23% return, which is significantly higher than FNDF's 19.66% return. Over the past 10 years, OPPJ has outperformed FNDF with an annualized return of 17.80%, while FNDF has yielded a comparatively lower 12.34% annualized return.
OPPJ
- 1D
- 1.04%
- 1M
- -4.22%
- YTD
- 26.23%
- 6M
- 27.08%
- 1Y
- 64.16%
- 3Y*
- 33.91%
- 5Y*
- 25.20%
- 10Y*
- 17.80%
FNDF
- 1D
- 0.39%
- 1M
- 0.88%
- YTD
- 19.66%
- 6M
- 21.60%
- 1Y
- 41.60%
- 3Y*
- 22.69%
- 5Y*
- 13.11%
- 10Y*
- 12.34%
OPPJ vs. FNDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.23% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
FNDF Schwab Fundamental International Equity ETF | 19.66% | 40.99% | 2.29% | 20.22% | -7.78% | 14.97% | 3.61% | 18.46% | -14.21% | 23.98% |
Correlation
The correlation between OPPJ and FNDF is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | 0.62 |
The correlation between OPPJ and FNDF has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
OPPJ vs. FNDF — Risk / Return Rank
OPPJ
FNDF
OPPJ vs. FNDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Schwab Fundamental International Equity ETF (FNDF). 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 | FNDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.45 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 3.82 | +2.76 |
| Martin ratioReturn relative to average drawdown | 22.36 | 14.27 | +8.09 |
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Drawdowns
OPPJ vs. FNDF - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, roughly equal to the maximum FNDF drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for OPPJ and FNDF.
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Drawdown Indicators
| OPPJ | FNDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -40.14% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -10.60% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -13.89% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -25.56% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -40.14% | +0.84% |
Current DrawdownCurrent decline from peak | -4.22% | -1.94% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.63% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.84% | +0.05% |
Volatility
OPPJ vs. FNDF - Volatility Comparison
The current volatility for WisdomTree Japan Opportunities ETF (OPPJ) is 5.83%, while Schwab Fundamental International Equity ETF (FNDF) has a volatility of 6.65%. This indicates that OPPJ experiences smaller price fluctuations and is considered to be less risky than FNDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | FNDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 6.65% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 13.64% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 16.00% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 16.35% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 17.71% | +2.02% |
OPPJ vs. FNDF - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than FNDF's 0.25% expense ratio.
Dividends
OPPJ vs. FNDF - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than FNDF's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 2.87% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
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 FNDF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDF has higher volatility (6.65%) compared to OPPJ (5.83%). In terms of maximum drawdown, OPPJ dropped -39.30% vs FNDF's -40.14%.
On 10-year performance, OPPJ leads with 17.80% vs 12.34% for FNDF. On fees, FNDF is cheaper at 0.25% per year. On volatility, OPPJ has been the lower-risk option at 5.83%. 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 17.80% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDF is cheaper with a 0.25% expense ratio, compared with 0.58% for OPPJ.
FNDF has the higher dividend yield at 2.87%, compared with 1.50% for OPPJ.
OPPJ is categorized as Japan Equities, while FNDF is Foreign Large Cap Equities. OPPJ tracks WisdomTree Japan Opportunities Index, while FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net). They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.58% for OPPJ and 0.25% for FNDF.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.53), 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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