OPPJ vs. WMT
OPPJ (WisdomTree Japan Opportunities ETF) is Japan Equities fund tracking the WisdomTree Japan Opportunities Index, while WMT (Walmart Inc.) is a stock. Over the past 10 years, OPPJ returned 17.80%/yr vs 19.77%/yr for WMT. At a 0.24 correlation, their price movements are largely independent.
Performance
OPPJ vs. WMT - 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 WMT's 9.07% return. Over the past 10 years, OPPJ has underperformed WMT with an annualized return of 17.80%, while WMT has yielded a comparatively higher 19.77% 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%
WMT
- 1D
- 0.45%
- 1M
- -7.92%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 29.24%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
OPPJ vs. WMT - 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% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between OPPJ and WMT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.24 |
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Return for Risk
OPPJ vs. WMT — Risk / Return Rank
OPPJ
WMT
OPPJ vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Opportunities ETF (OPPJ) and Walmart Inc. (WMT). 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 | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.23 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 1.83 | +4.75 |
| Martin ratioReturn relative to average drawdown | 22.36 | 5.82 | +16.54 |
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Drawdowns
OPPJ vs. WMT - Drawdown Comparison
The maximum OPPJ drawdown since its inception was -39.30%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for OPPJ and WMT.
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Drawdown Indicators
| OPPJ | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -77.14% | +37.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -15.75% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -16.49% | -21.93% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -25.74% | +9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -25.74% | -13.56% |
Current DrawdownCurrent decline from peak | -4.22% | -9.81% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -14.63% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.94% | -2.05% |
Volatility
OPPJ vs. WMT - Volatility Comparison
The current volatility for WisdomTree Japan Opportunities ETF (OPPJ) is 5.83%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that OPPJ experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPJ | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 9.86% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 18.49% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.10% | 23.67% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 21.68% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 21.73% | -2.00% |
Dividends
OPPJ vs. WMT - Dividend Comparison
OPPJ's dividend yield for the trailing twelve months is around 1.50%, more than WMT's 0.80% 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% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
OPPJ and WMT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to OPPJ (5.83%). In terms of maximum drawdown, OPPJ dropped -39.30% vs WMT's -77.14%.
OPPJ currently has the higher Sharpe Ratio (3.22 vs 1.22), 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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