OPPJ vs. GVAL
OPPJ (WisdomTree Japan Opportunities ETF) and GVAL (Cambria Global Value ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while GVAL is a Global Equities fund actively managed by Cambria. OPPJ is passively managed, while GVAL is actively managed. Over the past 10 years, OPPJ returned 17.36%/yr vs 10.90%/yr for GVAL. At a 0.45 correlation, their price movements are largely independent. OPPJ charges 0.58%/yr vs 0.64%/yr for GVAL.
Performance
OPPJ vs. GVAL - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.18% return, which is significantly higher than GVAL's 15.81% return. Over the past 10 years, OPPJ has outperformed GVAL with an annualized return of 17.36%, while GVAL has yielded a comparatively lower 10.90% annualized return.
OPPJ
- 1D
- 1.11%
- 1M
- 2.92%
- YTD
- 26.18%
- 6M
- 32.46%
- 1Y
- 64.28%
- 3Y*
- 34.92%
- 5Y*
- 25.56%
- 10Y*
- 17.36%
GVAL
- 1D
- 1.17%
- 1M
- 3.68%
- YTD
- 15.81%
- 6M
- 17.36%
- 1Y
- 41.82%
- 3Y*
- 26.94%
- 5Y*
- 13.60%
- 10Y*
- 10.90%
OPPJ vs. GVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 26.18% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
GVAL Cambria Global Value ETF | 15.81% | 55.87% | 2.59% | 13.30% | -7.98% | 10.70% | -8.51% | 17.24% | -14.30% | 29.50% |
Correlation
The correlation between OPPJ and GVAL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2014 | 0.45 |
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Return for Risk
OPPJ vs. GVAL — Risk / Return Rank
OPPJ
GVAL
OPPJ vs. GVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Cambria Global Value ETF (GVAL). 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 | GVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.29 | 2.91 | +0.38 |
Sortino ratioReturn per unit of downside risk | 4.31 | 3.83 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.52 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 6.70 | 3.75 | +2.95 |
Martin ratioReturn relative to average drawdown | 24.26 | 14.46 | +9.80 |
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 | GVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.29 | 2.91 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.42 | 0.74 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.57 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.36 | +0.40 |
Drawdowns
OPPJ vs. GVAL - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum GVAL drawdown of -46.82%. Use the drawdown chart below to compare losses from any high point for OPPJ and GVAL.
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Drawdown Indicators
| OPPJ | GVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -46.82% | +7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -11.50% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -15.72% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -30.83% | +14.34% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -46.82% | +7.52% |
Current DrawdownCurrent decline from peak | -4.25% | 0.00% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -13.88% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.98% | -0.27% |
Volatility
OPPJ vs. GVAL - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) and Cambria Global Value ETF (GVAL) have volatilities of 5.08% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | GVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 12.64% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.65% | 14.48% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 18.46% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 19.21% | +0.50% |
OPPJ vs. GVAL - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is lower than GVAL's 0.64% expense ratio.
Dividends
OPPJ vs. GVAL - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than GVAL's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVAL Cambria Global Value ETF | 2.79% | 2.93% | 4.75% | 6.12% | 5.05% | 2.97% | 1.90% | 2.84% | 4.65% | 2.00% | 2.54% | 2.11% |
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 GVAL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVAL has higher volatility (5.08%) compared to OPPJ (5.08%). In terms of maximum drawdown, OPPJ dropped -39.30% vs GVAL's -46.82%.
On 10-year performance, OPPJ leads with 17.36% vs 10.90% for GVAL. On fees, OPPJ is cheaper at 0.58% per year. Their volatility is very similar. 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 10.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.64% for GVAL.
GVAL has the higher dividend yield at 2.79%, compared with 1.50% for OPPJ.
OPPJ is categorized as Japan Equities, while GVAL is Global Equities. They also come from different issuers: WisdomTree and Cambria. Their fees differ too: 0.58% for OPPJ and 0.64% for GVAL.
OPPJ currently has the higher Sharpe Ratio (3.29 vs 2.91), 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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