RDOG vs. DXJ
RDOG (ALPS REIT Dividend Dogs ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, RDOG returned 4.49%/yr vs 19.25%/yr for DXJ. At a 0.46 correlation, their price movements are largely independent. RDOG charges 0.35%/yr vs 0.48%/yr for DXJ.
Performance
RDOG vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, RDOG achieves a 17.52% return, which is significantly lower than DXJ's 20.23% return. Over the past 10 years, RDOG has underperformed DXJ with an annualized return of 4.49%, while DXJ has yielded a comparatively higher 19.25% annualized return.
RDOG
- 1D
- 1.34%
- 1M
- 2.64%
- YTD
- 17.52%
- 6M
- 19.48%
- 1Y
- 20.13%
- 3Y*
- 13.65%
- 5Y*
- 2.58%
- 10Y*
- 4.49%
DXJ
- 1D
- -3.57%
- 1M
- 2.21%
- YTD
- 20.23%
- 6M
- 20.18%
- 1Y
- 55.89%
- 3Y*
- 31.66%
- 5Y*
- 26.40%
- 10Y*
- 19.25%
RDOG vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 17.52% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
DXJ WisdomTree Japan Hedged Equity Fund | 20.23% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between RDOG and DXJ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 22, 2008 | 0.46 |
Over the past year, the correlation between RDOG and DXJ has dropped to 0.25 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
RDOG vs. DXJ — Risk / Return Rank
RDOG
DXJ
RDOG vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
| RDOG | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.55 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 5.12 | -3.10 |
| Martin ratioReturn relative to average drawdown | 6.52 | 19.78 | -13.27 |
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Drawdowns
RDOG vs. DXJ - Drawdown Comparison
The maximum RDOG drawdown since its inception was -67.59%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for RDOG and DXJ.
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Drawdown Indicators
| RDOG | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -49.63% | -17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -10.98% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -22.19% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -22.19% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -49.35% | -39.14% | -10.21% |
Current DrawdownCurrent decline from peak | -1.08% | -3.57% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -14.30% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.83% | +0.27% |
Volatility
RDOG vs. DXJ - Volatility Comparison
The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 4.55%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 6.28%. This indicates that RDOG experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDOG | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.28% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 14.08% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 18.14% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 19.08% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 20.00% | +3.05% |
RDOG vs. DXJ - Expense Ratio Comparison
RDOG has a 0.35% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Dividends
RDOG vs. DXJ - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 6.21%, more than DXJ's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.08% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
RDOG ALPS REIT Dividend Dogs ETF | 6.21% | 6.91% | 6.11% | 7.07% | 5.25% | 3.11% | 5.12% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% |
Frequently Asked Questions
RDOG and DXJ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXJ has higher volatility (6.28%) compared to RDOG (4.55%). In terms of maximum drawdown, RDOG dropped -67.59% vs DXJ's -49.63%.
On 10-year performance, DXJ leads with 19.25% vs 4.49% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJ has performed better with a 19.25% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDOG is cheaper with a 0.35% expense ratio, compared with 0.48% for DXJ.
RDOG has the higher dividend yield at 6.21%, compared with 1.08% for DXJ.
RDOG is categorized as REIT, while DXJ is Japan Equities. RDOG tracks S-Network REIT Dividend Dogs Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: SS&C and WisdomTree. Their fees differ too: 0.35% for RDOG and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (3.10 vs 1.36), 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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