RDOG vs. DXJ

Last updated Jun 3, 2026

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 4.14%/yr vs 18.25%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS REIT Dividend Dogs ETF (RDOG) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDOG achieves a 14.68% return, which is significantly lower than DXJ's 18.76% return. Over the past 10 years, RDOG has underperformed DXJ with an annualized return of 4.14%, while DXJ has yielded a comparatively higher 18.25% annualized return.

RDOG

• 1D: 0.35%
• 1M: 3.37%
• YTD: 14.68%
• 6M: 15.68%
• 1Y: 21.50%
• 3Y*: 11.70%
• 5Y*: 2.37%
• 10Y*: 4.14%

DXJ

• 1D: 1.14%
• 1M: 6.07%
• YTD: 18.76%
• 6M: 23.03%
• 1Y: 52.60%
• 3Y*: 32.82%
• 5Y*: 26.08%
• 10Y*: 18.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDOG vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDOG ALPS REIT Dividend Dogs ETF	14.68%	0.95%	4.57%	10.38%	-25.53%	34.42%	-10.01%	21.54%	-5.70%	11.84%
DXJ WisdomTree Japan Hedged Equity Fund	18.76%	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 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 23, 2008	0.46

The correlation between RDOG and DXJ shifts across timeframes, from 0.30 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

RDOG vs. DXJ - Sectors Allocation Comparison

Sectors	RDOG	DXJ
Real Estate	100.0%	-
Basic Materials	-	8.5%
Communication Services	-	2.7%
Consumer Cyclical	-	15.6%
Consumer Defensive	-	4.7%
Energy	-	1.7%
Financial Services	-	18.3%
Healthcare	-	6.8%
Industrials	-	27.4%
Technology	-	12.9%
Utilities	-	0.1%

Return for Risk

RDOG vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDOG

RDOG Risk / Return Rank: 42
RDOG Sharpe Ratio Rank: 42
RDOG Sortino Ratio Rank: 43
RDOG Omega Ratio Rank: 38
RDOG Calmar Ratio Rank: 42
RDOG Martin Ratio Rank: 42

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 87
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	RDOG	DXJ	Difference
Sharpe ratio Return per unit of total volatility	1.49	3.03	-1.54
Sortino ratio Return per unit of downside risk	2.16	4.12	-1.96
Omega ratio Gain probability vs. loss probability	1.25	1.55	-0.29
Calmar ratio Return relative to maximum drawdown	2.14	4.83	-2.68
Martin ratio Return relative to average drawdown	6.95	18.88	-11.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDOG vs. DXJ - Sharpe Ratio Comparison

The current RDOG Sharpe Ratio is 1.49, which is lower than the DXJ Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of RDOG and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDOG	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	3.03	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	1.38	-1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.91	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.42	-0.25

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.

Drawdown Indicators

	RDOG	DXJ	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.24%	-0.36%	-0.88%
Average Drawdown Average peak-to-trough decline	-12.26%	-14.34%	+2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	2.81%	+0.28%

Volatility

RDOG vs. DXJ - Volatility Comparison

ALPS REIT Dividend Dogs ETF (RDOG) has a higher volatility of 4.15% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.59%. This indicates that RDOG's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDOG	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.59%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	13.11%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	17.43%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	18.96%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	20.18%	+2.87%

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 6.08%, more than DXJ's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.09%	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	6.08%	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

Can I hold both RDOG and DXJ in my portfolio?

RDOG and DXJ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDOG or DXJ?

RDOG has higher volatility (4.15%) compared to DXJ (3.59%). In terms of maximum drawdown, RDOG dropped -67.59% vs DXJ's -49.63%.

Which ETF is better, RDOG or DXJ?

On 10-year performance, DXJ leads with 18.25% vs 4.14% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, DXJ has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDOG or DXJ?

Over the 10-year period, DXJ has performed better with a 18.25% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDOG or DXJ?

RDOG is cheaper with a 0.35% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, RDOG or DXJ?

RDOG has the higher dividend yield at 6.08%, compared with 1.09% for DXJ.

What is the main difference between RDOG and 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.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.03 vs 1.49), 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.