OPPJ vs. IXN
OPPJ (WisdomTree Japan Opportunities ETF) and IXN (iShares Global Tech ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, OPPJ returned 17.80%/yr vs 25.03%/yr for IXN. A 0.51 correlation means they provide meaningful diversification when combined. OPPJ charges 0.58%/yr vs 0.46%/yr for IXN.
Performance
OPPJ vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, OPPJ achieves a 26.23% return, which is significantly lower than IXN's 33.08% return. Over the past 10 years, OPPJ has underperformed IXN with an annualized return of 17.80%, while IXN has yielded a comparatively higher 25.03% 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%
IXN
- 1D
- 0.42%
- 1M
- 3.37%
- YTD
- 33.08%
- 6M
- 35.17%
- 1Y
- 62.93%
- 3Y*
- 32.38%
- 5Y*
- 21.51%
- 10Y*
- 25.03%
OPPJ vs. IXN - 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% |
IXN iShares Global Tech ETF | 33.08% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between OPPJ and IXN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.51 |
The correlation between OPPJ and IXN shifts across timeframes, from 0.35 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OPPJ vs. IXN — Risk / Return Rank
OPPJ
IXN
OPPJ vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and iShares Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.42 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 4.39 | +2.19 |
| Martin ratioReturn relative to average drawdown | 22.36 | 14.35 | +8.01 |
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Drawdowns
OPPJ vs. IXN - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for OPPJ and IXN.
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Drawdown Indicators
| OPPJ | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -55.67% | +16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -13.80% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -25.55% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -36.30% | +19.81% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -36.30% | -3.00% |
Current DrawdownCurrent decline from peak | -4.22% | -6.68% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -11.26% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.21% | -1.32% |
Volatility
OPPJ vs. IXN - Volatility Comparison
The current volatility for WisdomTree Japan Opportunities ETF (OPPJ) is 5.83%, while iShares Global Tech ETF (IXN) has a volatility of 12.01%. This indicates that OPPJ experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 12.01% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 20.45% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 24.03% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 25.19% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 24.58% | -4.85% |
OPPJ vs. IXN - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
OPPJ vs. IXN - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, more than IXN's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
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 IXN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (12.01%) compared to OPPJ (5.83%). In terms of maximum drawdown, OPPJ dropped -39.30% vs IXN's -55.67%.
On 10-year performance, IXN leads with 25.03% vs 17.80% for OPPJ. On fees, IXN is cheaper at 0.46% 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, IXN has performed better with a 25.03% return vs 17.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 0.58% for OPPJ.
OPPJ has the higher dividend yield at 1.50%, compared with 0.78% for IXN.
OPPJ is categorized as Japan Equities, while IXN is Technology Equities. OPPJ tracks WisdomTree Japan Opportunities Index, while IXN tracks S&P Global Information Technology Sector Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.58% for OPPJ and 0.46% for IXN.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.52), 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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