OPPJ vs. LVHI
OPPJ (WisdomTree Japan Opportunities ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, OPPJ returned 25.20%/yr vs 15.97%/yr for LVHI. A 0.54 correlation means they provide meaningful diversification when combined. OPPJ charges 0.58%/yr vs 0.40%/yr for LVHI.
Performance
OPPJ vs. LVHI - 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 LVHI's 13.78% 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%
LVHI
- 1D
- 0.49%
- 1M
- 0.84%
- YTD
- 13.78%
- 6M
- 14.96%
- 1Y
- 32.13%
- 3Y*
- 21.52%
- 5Y*
- 15.97%
- 10Y*
- —
OPPJ vs. LVHI - 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% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 13.78% | 27.12% | 14.81% | 17.45% | 3.84% | 18.19% | -8.76% | 18.35% | -5.22% | 12.26% |
Correlation
The correlation between OPPJ and LVHI is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016 | 0.54 |
The correlation between OPPJ and LVHI has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
OPPJ vs. LVHI — Risk / Return Rank
OPPJ
LVHI
OPPJ vs. LVHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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 | LVHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.63 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 5.23 | +1.35 |
| Martin ratioReturn relative to average drawdown | 22.36 | 21.61 | +0.74 |
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Drawdowns
OPPJ vs. LVHI - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for OPPJ and LVHI.
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Drawdown Indicators
| OPPJ | LVHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -32.31% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -6.08% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -11.99% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -11.99% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | — | — |
Current DrawdownCurrent decline from peak | -4.22% | 0.00% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -3.51% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.48% | +1.41% |
Volatility
OPPJ vs. LVHI - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) has a higher volatility of 5.83% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.78%. This indicates that OPPJ's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | LVHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 2.78% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 7.72% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 9.60% | +10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 11.08% | +7.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 13.75% | +5.98% |
OPPJ vs. LVHI - Expense Ratio Comparison
OPPJ has a 0.58% expense ratio, which is higher than LVHI's 0.40% expense ratio.
Dividends
OPPJ vs. LVHI - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than LVHI's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVHI Franklin International Low Volatility High Dividend Index ETF | 4.69% | 4.92% | 3.98% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.67% | 3.38% | 2.02% | 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 LVHI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (5.83%) compared to LVHI (2.78%). In terms of maximum drawdown, OPPJ dropped -39.30% vs LVHI's -32.31%.
On 5-year performance, OPPJ leads with 25.20% vs 15.97% for LVHI. On fees, LVHI is cheaper at 0.40% per year. On volatility, LVHI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OPPJ has performed better with a 25.20% return vs 15.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LVHI is cheaper with a 0.40% expense ratio, compared with 0.58% for OPPJ.
LVHI has the higher dividend yield at 4.69%, compared with 1.50% for OPPJ.
OPPJ is categorized as Japan Equities, while LVHI is Volatility Hedged Equity. OPPJ tracks WisdomTree Japan Opportunities Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.58% for OPPJ and 0.40% for LVHI.
LVHI currently has the higher Sharpe Ratio (3.31 vs 3.22), 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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