PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
STIP vs. DXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STIP vs. DXJ

Last updated Jun 4, 2026

STIP (iShares 0-5 Year TIPS Bond ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, STIP returned 3.18%/yr vs 18.33%/yr for DXJ. At a correlation of -0.09, they often move in opposite directions. STIP charges 0.06%/yr vs 0.48%/yr for DXJ.

Performance

STIP vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year TIPS Bond ETF (STIP) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, STIP achieves a 2.04% return, which is significantly lower than DXJ's 19.64% return. Over the past 10 years, STIP has underperformed DXJ with an annualized return of 3.18%, while DXJ has yielded a comparatively higher 18.33% annualized return.

STIP

1D
0.00%
1M
0.03%
YTD
2.04%
6M
2.03%
1Y
4.68%
3Y*
5.23%
5Y*
3.37%
10Y*
3.18%

DXJ

1D
0.74%
1M
7.24%
YTD
19.64%
6M
24.36%
1Y
53.93%
3Y*
33.15%
5Y*
26.13%
10Y*
18.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

STIP vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STIP
iShares 0-5 Year TIPS Bond ETF		2.04%6.03%4.77%4.63%-3.02%5.68%5.18%4.89%0.54%0.74%
DXJ
WisdomTree Japan Hedged Equity Fund		19.64%32.78%29.83%42.04%5.96%17.99%3.94%18.94%-19.78%22.81%

Correlation

The correlation between STIP and DXJ is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.17

Correlation (3Y)
Calculated over the trailing 3-year period

-0.06

Correlation (5Y)
Calculated over the trailing 5-year period

-0.04

Correlation (10Y)
Calculated over the trailing 10-year period

-0.09

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2010

-0.09

The correlation between STIP and DXJ shifts across timeframes, from -0.17 (1 year) to -0.04 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 0-5 Year TIPS Bond ETF

WisdomTree Japan Hedged Equity Fund

Often compared with STIP:
STIP vs. VTIPSTIP vs. TIPSTIP vs. SCHPSTIP vs. SCHOSTIP vs. BNDSTIP vs. SCHRSTIP vs. STPZ
Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

STIP vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STIP
STIP Risk / Return Rank: 9393
Overall Rank
STIP Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
STIP Sortino Ratio Rank: 9696
Sortino Ratio Rank
STIP Omega Ratio Rank: 9494
Omega Ratio Rank
STIP Calmar Ratio Rank: 9393
Calmar Ratio Rank
STIP Martin Ratio Rank: 9494
Martin Ratio Rank
DXJ
DXJ Risk / Return Rank: 8888
Overall Rank
DXJ Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 8989
Sortino Ratio Rank
DXJ Omega Ratio Rank: 8888
Omega Ratio Rank
DXJ Calmar Ratio Rank: 8686
Calmar Ratio Rank
DXJ Martin Ratio Rank: 8787
Martin Ratio Rank
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.

STIP vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) 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.

STIPDXJDifference
Sharpe ratioReturn per unit of total volatility
3.23
3.11

+0.12

Sortino ratioReturn per unit of downside risk
5.59
4.20

+1.38

Omega ratioGain probability vs. loss probability

1.69

1.56

+0.13

Calmar ratioReturn relative to maximum drawdown

6.76

4.94

+1.83

Martin ratioReturn relative to average drawdown

26.37

19.29

+7.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STIP vs. DXJ - Sharpe Ratio Comparison

The current STIP Sharpe Ratio is 3.23, which is comparable to the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of STIP 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.

Loading charts...

Sharpe Ratios by Period

STIPDXJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.23

3.11

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

1.39

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.30

0.91

+0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

1.07

0.43

+0.64

Drawdowns

STIP vs. DXJ - Drawdown Comparison

The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for STIP and DXJ.

Loading charts...

Drawdown Indicators

STIPDXJDifference

Max Drawdown

Largest peak-to-trough decline

-5.50%

-49.63%

+44.13%

Max Drawdown (1Y)

Largest decline over 1 year

-0.69%

-10.98%

+10.29%

Max Drawdown (3Y)

Largest decline over 3 years

-0.95%

-22.19%

+21.24%

Max Drawdown (5Y)

Largest decline over 5 years

-5.50%

-22.19%

+16.69%

Max Drawdown (10Y)

Largest decline over 10 years

-5.50%

-39.14%

+33.64%

Current Drawdown

Current decline from peak

-0.03%

0.00%

-0.03%

Average Drawdown

Average peak-to-trough decline

-0.99%

-14.34%

+13.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.18%

2.81%

-2.63%

Volatility

STIP vs. DXJ - Volatility Comparison

The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.40%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 3.55%. This indicates that STIP 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.

Loading charts...

Volatility by Period

STIPDXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.40%

3.55%

-3.15%

Volatility (6M)

Calculated over the trailing 6-month period

0.99%

13.09%

-12.10%

Volatility (1Y)

Calculated over the trailing 1-year period

1.46%

17.44%

-15.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.75%

18.96%

-16.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.45%

20.18%

-17.73%

STIP vs. DXJ - Expense Ratio Comparison

STIP has a 0.06% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

STIP vs. DXJ - Dividend Comparison

STIP's dividend yield for the trailing twelve months is around 4.30%, more than DXJ's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
STIP
iShares 0-5 Year TIPS Bond ETF		4.30%4.11%2.62%2.84%6.04%4.15%1.40%2.06%2.44%1.59%0.89%0.00%

Frequently Asked Questions

STIP and DXJ have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DXJ has higher volatility (3.55%) compared to STIP (0.40%). In terms of maximum drawdown, STIP dropped -5.50% vs DXJ's -49.63%.

On 10-year performance, DXJ leads with 18.33% vs 3.18% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. 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 18.33% return vs 3.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

STIP is cheaper with a 0.06% expense ratio, compared with 0.48% for DXJ.

STIP has the higher dividend yield at 4.30%, compared with 1.08% for DXJ.

STIP is categorized as Inflation-Protected Bonds, while DXJ is Japan Equities. STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.06% for STIP and 0.48% for DXJ.

STIP currently has the higher Sharpe Ratio (3.23 vs 3.11), 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.

Portfolio Optimizer

Find the right allocation for STIP and DXJ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer