PRJPX vs. DNL
PRJPX (T. Rowe Price Japan Fund) and DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) are both funds - PRJPX is a Japan Equities fund managed by T. Rowe Price, while DNL is a Quality Factor fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index. Over the past 10 years, PRJPX returned 7.93%/yr vs 8.77%/yr for DNL. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PRJPX charges 1.05%/yr vs 0.58%/yr for DNL.
Performance
PRJPX vs. DNL - Performance Comparison
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Returns By Period
In the year-to-date period, PRJPX achieves a 17.42% return, which is significantly higher than DNL's 9.54% return. Over the past 10 years, PRJPX has underperformed DNL with an annualized return of 7.93%, while DNL has yielded a comparatively higher 8.77% annualized return.
PRJPX
- 1D
- 3.58%
- 1M
- 4.19%
- 6M
- 11.18%
- YTD
- 17.42%
- 1Y
- 32.29%
- 3Y*
- 16.34%
- 5Y*
- 3.38%
- 10Y*
- 7.93%
- ALL TIME*
- 3.56%
DNL
- 1D
- -0.60%
- 1M
- -1.45%
- 6M
- 5.32%
- YTD
- 9.54%
- 1Y
- 19.03%
- 3Y*
- 9.42%
- 5Y*
- 3.66%
- 10Y*
- 8.77%
- ALL TIME*
- 5.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.15M | $1.05M | $899.07K | |
| $0.00 | $0.00 | $0.00 |
PRJPX vs. DNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRJPX T. Rowe Price Japan Fund | 17.42% | 32.21% | 6.13% | 2.02% | -27.37% | -11.03% | 34.60% | 27.56% | -12.24% | 32.06% |
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 9.54% | 17.03% | -0.61% | 17.00% | -22.38% | 16.14% | 18.22% | 36.23% | -14.76% | 31.11% |
Correlation
The correlation between PRJPX and DNL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.67 |
The correlation between PRJPX and DNL has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
PRJPX vs. DNL — Risk / Return Rank
PRJPX
DNL
PRJPX vs. DNL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Japan Fund (PRJPX) and WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL). 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.
| PRJPX | DNL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.50 | +0.72 |
| Martin ratioReturn relative to average drawdown | 7.01 | 5.58 | +1.43 |
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Drawdowns
PRJPX vs. DNL - Drawdown Comparison
The maximum PRJPX drawdown since its inception was -68.26%, which is greater than DNL's maximum drawdown of -44.53%. Use the drawdown chart below to compare losses from any high point for PRJPX and DNL.
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Drawdown Indicators
| PRJPX | DNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.26% | -44.53% | -23.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.11% | -12.42% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -20.15% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -44.42% | -34.85% | -9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | -34.85% | -10.59% |
Current DrawdownCurrent decline from peak | 0.00% | -3.27% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -26.63% | -10.11% | -16.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 3.32% | +1.45% |
Volatility
PRJPX vs. DNL - Volatility Comparison
T. Rowe Price Japan Fund (PRJPX) has a higher volatility of 6.30% compared to WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) at 5.21%. This indicates that PRJPX's price experiences larger fluctuations and is considered to be riskier than DNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRJPX | DNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 5.21% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 16.39% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 19.14% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 18.51% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 18.61% | -0.97% |
PRJPX vs. DNL - Expense Ratio Comparison
PRJPX has a 1.05% expense ratio, which is higher than DNL's 0.58% expense ratio.
Dividends
PRJPX vs. DNL - Dividend Comparison
PRJPX's dividend yield for the trailing twelve months is around 12.48%, more than DNL's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 1.32% | 2.06% | 2.30% | 1.81% | 4.82% | 1.38% | 1.76% | 1.93% | 2.55% | 1.86% | 2.51% | 1.98% |
PRJPX T. Rowe Price Japan Fund | 12.48% | 14.65% | 4.82% | 1.71% | 6.94% | 5.42% | 2.59% | 2.62% | 7.56% | 0.33% | 0.70% | 1.05% |
Frequently Asked Questions
PRJPX and DNL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRJPX has higher volatility (6.30%) compared to DNL (5.21%). In terms of maximum drawdown, PRJPX dropped -68.26% vs DNL's -44.53%.
PRJPX currently has the higher Sharpe Ratio (1.74 vs 0.98), 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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