SPIR vs. DXJ
SPIR (Spire Global, Inc.) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 5 years, SPIR returned -31.42%/yr vs 27.02%/yr for DXJ. At a 0.22 correlation, their price movements are largely independent.
Performance
SPIR vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, SPIR achieves a 61.87% return, which is significantly higher than DXJ's 20.01% return.
SPIR
- 1D
- -0.08%
- 1M
- -33.11%
- 6M
- 0.25%
- YTD
- 61.87%
- 1Y
- -2.80%
- 3Y*
- 29.09%
- 5Y*
- -31.42%
- 10Y*
- —
DXJ
- 1D
- -2.00%
- 1M
- -1.64%
- 6M
- 11.16%
- YTD
- 20.01%
- 1Y
- 50.58%
- 3Y*
- 31.07%
- 5Y*
- 27.02%
- 10Y*
- 18.42%
SPIR vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPIR Spire Global, Inc. | 61.87% | -46.70% | 79.92% | 1.82% | -71.60% | -66.23% | 5.37% |
DXJ WisdomTree Japan Hedged Equity Fund | 20.01% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 13.14% |
Correlation
The correlation between SPIR and DXJ is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.22 |
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Return for Risk
SPIR vs. DXJ — Risk / Return Rank
SPIR
DXJ
SPIR vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spire Global, Inc. (SPIR) 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.
| SPIR | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.49 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.63 | -4.68 |
| Martin ratioReturn relative to average drawdown | -0.10 | 17.50 | -17.60 |
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Drawdowns
SPIR vs. DXJ - Drawdown Comparison
The maximum SPIR drawdown since its inception was -97.74%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for SPIR and DXJ.
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Drawdown Indicators
| SPIR | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.74% | -49.63% | -48.11% |
Max Drawdown (1Y)Largest decline over 1 year | -52.35% | -10.98% | -41.37% |
Max Drawdown (3Y)Largest decline over 3 years | -66.22% | -22.19% | -44.03% |
Max Drawdown (5Y)Largest decline over 5 years | -97.74% | -22.19% | -75.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.14% | — |
Current DrawdownCurrent decline from peak | -91.78% | -4.39% | -87.39% |
Average DrawdownAverage peak-to-trough decline | -78.11% | -14.26% | -63.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.43% | 2.90% | +24.53% |
Volatility
SPIR vs. DXJ - Volatility Comparison
Spire Global, Inc. (SPIR) has a higher volatility of 24.48% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.60%. This indicates that SPIR'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
| SPIR | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.48% | 6.60% | +17.88% |
Volatility (6M)Calculated over the trailing 6-month period | 79.92% | 14.45% | +65.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.24% | 18.43% | +85.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.95% | 19.07% | +79.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.82% | 19.93% | +72.89% |
Dividends
SPIR vs. DXJ - Dividend Comparison
SPIR has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 0.98% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
SPIR Spire Global, Inc. | 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
SPIR and DXJ have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPIR has higher volatility (24.48%) compared to DXJ (6.60%). In terms of maximum drawdown, SPIR dropped -97.74% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (2.76 vs -0.03), 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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