SH vs. DXJS
Compare and contrast key facts about ProShares Short S&P500 (SH) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS).
SH and DXJS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. DXJS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged SmallCap Equity Index. It was launched on Jun 28, 2013. Both SH and DXJS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SH or DXJS.
Key characteristics
| SH | DXJS | |
|---|---|---|
| YTD Return | -2.71% | 13.28% |
| 1Y Return | -12.29% | 39.88% |
| 3Y Return (Ann) | -5.74% | 19.64% |
| 5Y Return (Ann) | -12.75% | 14.08% |
| 10Y Return (Ann) | -11.97% | 12.55% |
| Sharpe Ratio | -0.97 | 2.47 |
| Daily Std Dev | 11.56% | 15.47% |
| Max Drawdown | -93.02% | -39.29% |
| Current Drawdown | -92.64% | -0.92% |
Correlation
The correlation between SH and DXJS is -0.59. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SH vs. DXJS - Performance Comparison
In the year-to-date period, SH achieves a -2.71% return, which is significantly lower than DXJS's 13.28% return. Over the past 10 years, SH has underperformed DXJS with an annualized return of -11.97%, while DXJS has yielded a comparatively higher 12.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SH vs. DXJS - Expense Ratio Comparison
SH has a 0.90% expense ratio, which is higher than DXJS's 0.58% expense ratio.
Risk-Adjusted Performance
SH vs. DXJS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.
Dividends
SH vs. DXJS - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 5.75%, more than DXJS's 2.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 5.75% | 5.37% | 0.32% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 2.42% | 2.71% | 2.63% | 2.96% | 3.04% | 2.16% | 2.06% | 1.53% | 1.66% | 3.99% | 8.65% | 0.21% |
Drawdowns
SH vs. DXJS - Drawdown Comparison
The maximum SH drawdown since its inception was -93.02%, which is greater than DXJS's maximum drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for SH and DXJS. For additional features, visit the drawdowns tool.
Volatility
SH vs. DXJS - Volatility Comparison
The current volatility for ProShares Short S&P500 (SH) is 3.81%, while WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a volatility of 4.13%. This indicates that SH experiences smaller price fluctuations and is considered to be less risky than DXJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.