OPPJ vs. MFG
OPPJ (WisdomTree Japan Opportunities ETF) is Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while MFG (Mizuho Financial Group, Inc.) is a stock. Over the past 10 years, OPPJ returned 17.80%/yr vs 15.72%/yr for MFG. At a 0.49 correlation, their price movements are largely independent.
Performance
OPPJ vs. MFG - 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 MFG's 32.24% return. Over the past 10 years, OPPJ has outperformed MFG with an annualized return of 17.80%, while MFG has yielded a comparatively lower 15.72% 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%
MFG
- 1D
- 1.68%
- 1M
- 11.39%
- YTD
- 32.24%
- 6M
- 31.34%
- 1Y
- 78.46%
- 3Y*
- 51.80%
- 5Y*
- 30.84%
- 10Y*
- 15.72%
OPPJ vs. MFG - 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% |
MFG Mizuho Financial Group, Inc. | 32.24% | 54.60% | 47.85% | 26.14% | 17.09% | 2.40% | -15.06% | 3.00% | -17.58% | 3.21% |
Correlation
The correlation between OPPJ and MFG is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.49 |
The correlation between OPPJ and MFG shifts across timeframes, from 0.42 (5 years) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OPPJ vs. MFG — Risk / Return Rank
OPPJ
MFG
OPPJ vs. MFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Mizuho Financial Group, Inc. (MFG). 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 | MFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.40 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 3.11 | +3.48 |
| Martin ratioReturn relative to average drawdown | 22.36 | 8.25 | +14.11 |
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Drawdowns
OPPJ vs. MFG - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum MFG drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for OPPJ and MFG.
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Drawdown Indicators
| OPPJ | MFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -80.57% | +41.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -24.78% | +14.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -28.33% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -28.33% | +11.84% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -49.87% | +10.57% |
Current DrawdownCurrent decline from peak | -4.22% | -4.06% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -60.82% | +54.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 9.31% | -6.42% |
Volatility
OPPJ vs. MFG - Volatility Comparison
The current volatility for WisdomTree Japan Opportunities ETF (OPPJ) is 5.83%, while Mizuho Financial Group, Inc. (MFG) has a volatility of 10.09%. This indicates that OPPJ experiences smaller price fluctuations and is considered to be less risky than MFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | MFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 10.09% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 24.20% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 30.69% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 29.66% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 26.49% | -6.76% |
Dividends
OPPJ vs. MFG - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, more than MFG's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFG Mizuho Financial Group, Inc. | 0.96% | 2.68% | 3.20% | 3.73% | 4.34% | 2.76% | 2.71% | 0.00% | 0.00% | 1.86% | 3.77% | 3.10% |
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 MFG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFG has higher volatility (10.09%) compared to OPPJ (5.83%). In terms of maximum drawdown, OPPJ dropped -39.30% vs MFG's -80.57%.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.51), 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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