THD vs. OPPJ
THD (iShares MSCI Thailand ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - THD is a Asia Pacific Equities fund tracking the MSCI Thailand Investable Market Index, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, THD returned 2.94%/yr vs 17.19%/yr for OPPJ. At a 0.34 correlation, their price movements are largely independent. THD charges 0.59%/yr vs 0.58%/yr for OPPJ.
Performance
THD vs. OPPJ - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with THD having a 24.07% return and OPPJ slightly lower at 23.60%. Over the past 10 years, THD has underperformed OPPJ with an annualized return of 2.94%, while OPPJ has yielded a comparatively higher 17.19% annualized return.
THD
- 1D
- -0.25%
- 1M
- -0.67%
- 6M
- 23.88%
- YTD
- 24.07%
- 1Y
- 44.59%
- 3Y*
- 5.97%
- 5Y*
- 2.34%
- 10Y*
- 2.94%
OPPJ
- 1D
- -2.10%
- 1M
- -2.08%
- 6M
- 14.84%
- YTD
- 23.60%
- 1Y
- 59.51%
- 3Y*
- 33.02%
- 5Y*
- 24.42%
- 10Y*
- 17.19%
THD vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THD iShares MSCI Thailand ETF | 24.07% | 2.36% | -2.21% | -12.63% | 1.22% | 1.87% | -9.89% | 8.32% | -8.25% | 31.45% |
OPPJ WisdomTree Japan Opportunities ETF | 23.60% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between THD and OPPJ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.34 |
The correlation between THD and OPPJ shifts across timeframes, from 0.23 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
THD vs. OPPJ — Risk / Return Rank
THD
OPPJ
THD vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) and WisdomTree Japan Opportunities ETF (OPPJ). 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.
| THD | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.47 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 6.09 | -2.67 |
| Martin ratioReturn relative to average drawdown | 9.81 | 19.33 | -9.51 |
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Drawdowns
THD vs. OPPJ - Drawdown Comparison
The maximum THD drawdown since its inception was -64.22%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for THD and OPPJ.
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Drawdown Indicators
| THD | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.22% | -39.30% | -24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -9.82% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -34.11% | -16.49% | -17.62% |
Max Drawdown (5Y)Largest decline over 5 years | -40.24% | -16.49% | -23.75% |
Max Drawdown (10Y)Largest decline over 10 years | -49.32% | -39.30% | -10.02% |
Current DrawdownCurrent decline from peak | -8.89% | -6.21% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -18.23% | -6.48% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 3.09% | +1.47% |
Volatility
THD vs. OPPJ - Volatility Comparison
The current volatility for iShares MSCI Thailand ETF (THD) is 6.87%, while WisdomTree Japan Opportunities ETF (OPPJ) has a volatility of 8.02%. This indicates that THD experiences smaller price fluctuations and is considered to be less risky than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THD | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 8.02% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 17.12% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 21.04% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 18.31% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 19.55% | +2.04% |
THD vs. OPPJ - Expense Ratio Comparison
THD has a 0.59% expense ratio, which is higher than OPPJ's 0.58% expense ratio.
Dividends
THD vs. OPPJ - Dividend Comparison
THD's dividend yield for the trailing twelve months is around 3.49%, more than OPPJ's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.13% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
THD iShares MSCI Thailand ETF | 3.49% | 3.36% | 3.15% | 2.92% | 2.41% | 3.16% | 2.31% | 2.42% | 2.57% | 2.16% | 2.61% | 3.58% |
Frequently Asked Questions
THD and OPPJ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (8.02%) compared to THD (6.87%). In terms of maximum drawdown, THD dropped -64.22% vs OPPJ's -39.30%.
On 10-year performance, OPPJ leads with 17.19% vs 2.94% for THD. On fees, OPPJ is cheaper at 0.58% per year. On volatility, THD has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OPPJ has performed better with a 17.19% return vs 2.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OPPJ is cheaper with a 0.58% expense ratio, compared with 0.59% for THD.
THD has the higher dividend yield at 3.49%, compared with 1.13% for OPPJ.
THD is categorized as Asia Pacific Equities, while OPPJ is Japan Equities. THD tracks MSCI Thailand Investable Market Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.59% for THD and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (2.85 vs 1.97), 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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