UNIY vs. DXJ
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - UNIY is a Intermediate Core Bond fund tracking the Bloomberg US Universal Enhanced Yield Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 3 years, UNIY returned 4.51%/yr vs 33.15%/yr for DXJ. At a correlation of -0.02, they often move in opposite directions. UNIY charges 0.15%/yr vs 0.48%/yr for DXJ.
Performance
UNIY vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, UNIY achieves a 0.40% return, which is significantly lower than DXJ's 19.64% return.
UNIY
- 1D
- -0.21%
- 1M
- 0.38%
- YTD
- 0.40%
- 6M
- 0.35%
- 1Y
- 5.54%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
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%
UNIY vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.40% | 7.37% | 1.86% | 3.90% |
DXJ WisdomTree Japan Hedged Equity Fund | 19.64% | 32.78% | 29.83% | 32.44% |
Correlation
The correlation between UNIY and DXJ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | -0.02 |
The correlation between UNIY and DXJ shifts across timeframes, from -0.02 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UNIY vs. DXJ — Risk / Return Rank
UNIY
DXJ
UNIY vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) 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.
| UNIY | DXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 3.11 | -1.60 |
Sortino ratioReturn per unit of downside risk | 2.24 | 4.20 | -1.96 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.56 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 4.94 | -2.74 |
Martin ratioReturn relative to average drawdown | 6.84 | 19.29 | -12.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UNIY | DXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 3.11 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.43 | +0.41 |
Drawdowns
UNIY vs. DXJ - Drawdown Comparison
The maximum UNIY drawdown since its inception was -6.27%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for UNIY and DXJ.
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Drawdown Indicators
| UNIY | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -49.63% | +43.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -10.98% | +8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -22.19% | +16.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.14% | — |
Current DrawdownCurrent decline from peak | -1.18% | 0.00% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -14.34% | +12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.81% | -2.00% |
Volatility
UNIY vs. DXJ - Volatility Comparison
The current volatility for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) is 1.26%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 3.55%. This indicates that UNIY 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.
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Volatility by Period
| UNIY | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 3.55% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 13.09% | -10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 17.44% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 18.96% | -14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 20.18% | -15.33% |
UNIY vs. DXJ - Expense Ratio Comparison
UNIY has a 0.15% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Dividends
UNIY vs. DXJ - Dividend Comparison
UNIY's dividend yield for the trailing twelve months is around 4.85%, more than DXJ's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UNIY and DXJ have a correlation of 0.09, 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 UNIY (1.26%). In terms of maximum drawdown, UNIY dropped -6.27% vs DXJ's -49.63%.
On 3-year performance, DXJ leads with 33.15% vs 4.51% for UNIY. On fees, UNIY is cheaper at 0.15% per year. On volatility, UNIY has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DXJ has performed better with a 33.15% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNIY is cheaper with a 0.15% expense ratio, compared with 0.48% for DXJ.
UNIY has the higher dividend yield at 4.85%, compared with 1.08% for DXJ.
UNIY is categorized as Intermediate Core Bond, while DXJ is Japan Equities. UNIY tracks Bloomberg US Universal Enhanced Yield Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.15% for UNIY and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (3.11 vs 1.50), 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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