OPPJ vs. GSJY
OPPJ (WisdomTree Japan Opportunities ETF) and GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) are both Japan Equities funds - OPPJ tracks the WisdomTree Japan Opportunities Index while GSJY tracks the Goldman Sachs ActiveBeta Japan Equity Index. Both are passively managed. Over the past 10 years, OPPJ returned 17.36%/yr vs 9.28%/yr for GSJY. A 0.69 correlation means they provide meaningful diversification when combined. OPPJ charges 0.58%/yr vs 0.25%/yr for GSJY.
Performance
OPPJ vs. GSJY - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.16% return, which is significantly higher than GSJY's 13.29% return. Over the past 10 years, OPPJ has outperformed GSJY with an annualized return of 17.36%, while GSJY has yielded a comparatively lower 9.28% annualized return.
OPPJ
- 1D
- -0.02%
- 1M
- 2.99%
- YTD
- 26.16%
- 6M
- 32.96%
- 1Y
- 64.97%
- 3Y*
- 34.91%
- 5Y*
- 25.18%
- 10Y*
- 17.36%
GSJY
- 1D
- 0.75%
- 1M
- 4.99%
- YTD
- 13.29%
- 6M
- 15.13%
- 1Y
- 29.76%
- 3Y*
- 18.00%
- 5Y*
- 8.80%
- 10Y*
- 9.28%
OPPJ vs. GSJY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.16% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 13.29% | 26.22% | 8.89% | 19.18% | -16.15% | 0.41% | 13.81% | 18.29% | -11.56% | 25.50% |
Correlation
The correlation between OPPJ and GSJY is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.69 |
The correlation between OPPJ and GSJY has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
OPPJ vs. GSJY — Risk / Return Rank
OPPJ
GSJY
OPPJ vs. GSJY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Goldman Sachs ActiveBeta Japan Equity ETF (GSJY). 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 | GSJY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.29 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 2.12 | +4.52 |
| Martin ratioReturn relative to average drawdown | 23.90 | 7.09 | +16.81 |
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 | GSJY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 1.54 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.49 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.55 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.54 | +0.21 |
Drawdowns
OPPJ vs. GSJY - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, which is greater than GSJY's maximum drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for OPPJ and GSJY.
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Drawdown Indicators
| OPPJ | GSJY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -32.53% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -14.08% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -14.96% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -32.53% | +16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -32.53% | -6.77% |
Current DrawdownCurrent decline from peak | -4.27% | -2.62% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -7.58% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 4.21% | -1.48% |
Volatility
OPPJ vs. GSJY - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) has a higher volatility of 5.08% compared to Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) at 4.21%. This indicates that OPPJ's price experiences larger fluctuations and is considered to be riskier than GSJY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | GSJY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.21% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 15.17% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 19.48% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 18.07% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 17.04% | +2.67% |
OPPJ vs. GSJY - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than GSJY's 0.25% expense ratio.
Dividends
OPPJ vs. GSJY - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than GSJY's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSJY Goldman Sachs ActiveBeta Japan Equity ETF | 1.75% | 1.99% | 1.64% | 2.11% | 2.13% | 1.73% | 1.22% | 2.79% | 3.28% | 1.70% | 2.09% | 0.00% |
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 GSJY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (5.08%) compared to GSJY (4.21%). In terms of maximum drawdown, OPPJ dropped -39.30% vs GSJY's -32.53%.
On 10-year performance, OPPJ leads with 17.36% vs 9.28% for GSJY. On fees, GSJY is cheaper at 0.25% per year. On volatility, GSJY has been the lower-risk option at 4.21%. 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 17.36% return vs 9.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSJY is cheaper with a 0.25% expense ratio, compared with 0.58% for OPPJ.
GSJY has the higher dividend yield at 1.75%, compared with 1.50% for OPPJ.
OPPJ tracks WisdomTree Japan Opportunities Index, while GSJY tracks Goldman Sachs ActiveBeta Japan Equity Index. They also come from different issuers: WisdomTree and Goldman Sachs. Their fees differ too: 0.58% for OPPJ and 0.25% for GSJY.
OPPJ currently has the higher Sharpe Ratio (3.33 vs 1.54), 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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