OPPJ vs. SPG
OPPJ (WisdomTree Japan Opportunities ETF) is Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while SPG (Simon Property Group, Inc.) is a stock. Over the past 10 years, OPPJ returned 17.80%/yr vs 6.11%/yr for SPG. At a 0.28 correlation, their price movements are largely independent.
Performance
OPPJ vs. SPG - 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 SPG's 21.01% return. Over the past 10 years, OPPJ has outperformed SPG with an annualized return of 17.80%, while SPG has yielded a comparatively lower 6.11% 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%
SPG
- 1D
- 1.95%
- 1M
- 10.71%
- YTD
- 21.01%
- 6M
- 23.06%
- 1Y
- 46.24%
- 3Y*
- 32.01%
- 5Y*
- 16.57%
- 10Y*
- 6.11%
OPPJ vs. SPG - 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% |
SPG Simon Property Group, Inc. | 21.01% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
Correlation
The correlation between OPPJ and SPG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.28 |
The correlation between OPPJ and SPG shifts across timeframes, from 0.19 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
OPPJ vs. SPG — Risk / Return Rank
OPPJ
SPG
OPPJ vs. SPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Simon Property Group, Inc. (SPG). 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 | SPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.40 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 3.88 | +2.71 |
| Martin ratioReturn relative to average drawdown | 22.36 | 14.03 | +8.33 |
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Drawdowns
OPPJ vs. SPG - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum SPG drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for OPPJ and SPG.
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Drawdown Indicators
| OPPJ | SPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -77.00% | +37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -11.54% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -24.32% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -45.84% | +29.35% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -77.00% | +37.70% |
Current DrawdownCurrent decline from peak | -4.22% | 0.00% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -13.83% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.18% | -0.29% |
Volatility
OPPJ vs. SPG - Volatility Comparison
WisdomTree Japan Opportunities ETF (OPPJ) has a higher volatility of 5.83% compared to Simon Property Group, Inc. (SPG) at 5.43%. This indicates that OPPJ's price experiences larger fluctuations and is considered to be riskier than SPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | SPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.43% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 14.08% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 18.76% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 26.55% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 37.08% | -17.35% |
Dividends
OPPJ vs. SPG - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, less than SPG's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPG Simon Property Group, Inc. | 4.02% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
Frequently Asked Questions
OPPJ and SPG have a correlation of 0.19, 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 SPG (5.43%). In terms of maximum drawdown, OPPJ dropped -39.30% vs SPG's -77.00%.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 2.38), 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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