SIVR vs. DXJ
SIVR (abrdn Physical Silver Shares ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, SIVR returned 11.16%/yr vs 18.85%/yr for DXJ. At a 0.09 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.48%/yr for DXJ.
Performance
SIVR vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -16.16% return, which is significantly lower than DXJ's 23.45% return. Over the past 10 years, SIVR has underperformed DXJ with an annualized return of 11.16%, while DXJ has yielded a comparatively higher 18.85% annualized return.
SIVR
- 1D
- -0.33%
- 1M
- -11.29%
- 6M
- -25.37%
- YTD
- -16.16%
- 1Y
- 54.52%
- 3Y*
- 36.76%
- 5Y*
- 17.63%
- 10Y*
- 11.16%
DXJ
- 1D
- 1.21%
- 1M
- 4.73%
- 6M
- 16.90%
- YTD
- 23.45%
- 1Y
- 56.35%
- 3Y*
- 32.89%
- 5Y*
- 27.26%
- 10Y*
- 18.85%
SIVR vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -16.16% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
DXJ WisdomTree Japan Hedged Equity Fund | 23.45% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between SIVR 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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.09 |
Over the past year, SIVR and DXJ have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
SIVR vs. DXJ — Risk / Return Rank
SIVR
DXJ
SIVR vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) 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.
| SIVR | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.56 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 5.18 | -3.99 |
| Martin ratioReturn relative to average drawdown | 2.49 | 19.76 | -17.27 |
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Drawdowns
SIVR vs. DXJ - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for SIVR and DXJ.
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Drawdown Indicators
| SIVR | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -49.63% | -26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -10.98% | -39.94% |
Max Drawdown (3Y)Largest decline over 3 years | -50.92% | -22.19% | -28.73% |
Max Drawdown (5Y)Largest decline over 5 years | -50.92% | -22.19% | -28.73% |
Max Drawdown (10Y)Largest decline over 10 years | -50.92% | -39.14% | -11.78% |
Current DrawdownCurrent decline from peak | -48.85% | -1.65% | -47.20% |
Average DrawdownAverage peak-to-trough decline | -47.83% | -14.28% | -33.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.36% | 2.87% | +21.49% |
Volatility
SIVR vs. DXJ - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 14.32% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.74%. This indicates that SIVR'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.
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Volatility by Period
| SIVR | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 6.74% | +7.58% |
Volatility (6M)Calculated over the trailing 6-month period | 57.41% | 14.43% | +42.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.96% | 18.23% | +42.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.83% | 19.04% | +17.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.18% | 19.94% | +12.24% |
SIVR vs. DXJ - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Dividends
SIVR vs. DXJ - Dividend Comparison
SIVR has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 0.95% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIVR 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.
SIVR has higher volatility (14.32%) compared to DXJ (6.74%). In terms of maximum drawdown, SIVR dropped -75.85% vs DXJ's -49.63%.
On 10-year performance, DXJ leads with 18.85% vs 11.16% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, DXJ has been the lower-risk option at 6.74%. 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 18.85% return vs 11.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.48% for DXJ.
DXJ has the higher dividend yield at 0.95%, compared with 0.00% for SIVR.
SIVR is categorized as Silver, while DXJ is Japan Equities. SIVR tracks LBMA Silver Price ($/ozt), while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: abrdn and WisdomTree. Their fees differ too: 0.30% for SIVR and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (3.12 vs 1.00), 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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