WCBR vs. DXJ

Last updated Jun 4, 2026

WCBR (WisdomTree Cybersecurity Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, WCBR returned 9.81%/yr vs 26.13%/yr for DXJ. At a 0.34 correlation, their price movements are largely independent. WCBR charges 0.45%/yr vs 0.48%/yr for DXJ.

Performance

WCBR vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cybersecurity Fund (WCBR) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCBR achieves a 26.82% return, which is significantly higher than DXJ's 19.64% return.

WCBR

• 1D: -3.87%
• 1M: 30.04%
• YTD: 26.82%
• 6M: 19.91%
• 1Y: 12.83%
• 3Y*: 22.02%
• 5Y*: 9.81%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WCBR vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCBR WisdomTree Cybersecurity Fund	26.82%	-1.44%	11.42%	66.63%	-41.96%	6.99%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	13.91%

Correlation

The correlation between WCBR and DXJ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.34

The correlation between WCBR and DXJ shifts across timeframes, from 0.14 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

WCBR vs. DXJ - Sectors Allocation Comparison

Sectors	WCBR	DXJ
Technology	100.0%	12.9%
Basic Materials	-	8.5%
Communication Services	-	2.7%
Consumer Cyclical	-	15.6%
Consumer Defensive	-	4.7%
Energy	-	1.7%
Financial Services	-	18.3%
Healthcare	-	6.8%
Industrials	-	27.4%
Real Estate	-	-
Utilities	-	0.1%

Return for Risk

WCBR vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WCBR

WCBR Risk / Return Rank: 14
WCBR Sharpe Ratio Rank: 14
WCBR Sortino Ratio Rank: 15
WCBR Omega Ratio Rank: 16
WCBR Calmar Ratio Rank: 14
WCBR Martin Ratio Rank: 13

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

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.

WCBR vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cybersecurity Fund (WCBR) 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.

	WCBR	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	0.40	3.11	-2.71
Sortino ratio: Return per unit of downside risk	0.75	4.20	-3.45
Omega ratio: Gain probability vs. loss probability	1.10	1.56	-0.46
Calmar ratio: Return relative to maximum drawdown	0.43	4.94	-4.51
Martin ratio: Return relative to average drawdown	0.99	19.29	-18.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCBR vs. DXJ - Sharpe Ratio Comparison

The current WCBR Sharpe Ratio is 0.40, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of WCBR 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.

Sharpe Ratios by Period

	WCBR	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	3.11	-2.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	1.39	-1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.43	-0.21

Drawdowns

WCBR vs. DXJ - Drawdown Comparison

The maximum WCBR drawdown since its inception was -52.25%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for WCBR and DXJ.

Drawdown Indicators

	WCBR	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-49.63%	-2.62%
Max Drawdown (1Y) Largest decline over 1 year	-29.92%	-10.98%	-18.94%
Max Drawdown (3Y) Largest decline over 3 years	-30.27%	-22.19%	-8.08%
Max Drawdown (5Y) Largest decline over 5 years	-52.25%	-22.19%	-30.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-4.56%	0.00%	-4.56%
Average Drawdown Average peak-to-trough decline	-20.36%	-14.34%	-6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	2.81%	+10.22%

Volatility

WCBR vs. DXJ - Volatility Comparison

WisdomTree Cybersecurity Fund (WCBR) has a higher volatility of 13.55% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.55%. This indicates that WCBR'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.

Volatility by Period

	WCBR	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	3.55%	+10.00%
Volatility (6M) Calculated over the trailing 6-month period	27.26%	13.09%	+14.17%
Volatility (1Y) Calculated over the trailing 1-year period	32.16%	17.44%	+14.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	18.96%	+14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.59%	20.18%	+13.41%

WCBR vs. DXJ - Expense Ratio Comparison

WCBR has a 0.45% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

WCBR vs. DXJ - Dividend Comparison

WCBR has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 1.08%.

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%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCBR and DXJ in my portfolio?

WCBR and DXJ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCBR or DXJ?

WCBR has higher volatility (13.55%) compared to DXJ (3.55%). In terms of maximum drawdown, WCBR dropped -52.25% vs DXJ's -49.63%.

Which ETF is better, WCBR or DXJ?

On 5-year performance, DXJ leads with 26.13% vs 9.81% for WCBR. On fees, WCBR is cheaper at 0.45% per year. On volatility, DXJ has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCBR or DXJ?

Over the 5-year period, DXJ has performed better with a 26.13% return vs 9.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCBR or DXJ?

WCBR is cheaper with a 0.45% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, WCBR or DXJ?

DXJ has the higher dividend yield at 1.08%, compared with 0.00% for WCBR.

What is the main difference between WCBR and DXJ?

WCBR is categorized as Technology Equities, while DXJ is Japan Equities. WCBR tracks WisdomTree Team8 Cybersecurity Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.45% for WCBR and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 0.40), 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.