WDGF vs. DXJ

Last updated Jun 4, 2026

WDGF (WisdomTree Global Defense Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. WDGF charges 0.45%/yr vs 0.48%/yr for DXJ.

Performance

WDGF vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) 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, WDGF achieves a 3.03% return, which is significantly lower than DXJ's 19.64% return.

WDGF

• 1D: -1.45%
• 1M: -3.36%
• YTD: 3.03%
• 6M: 8.65%
• 1Y: —
• 3Y*: —
• 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%

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

WDGF vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	3.03%	-0.25%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	12.47%

Correlation

The correlation between WDGF and DXJ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.37

Return for Risk

WDGF vs. DXJ — Risk / Return Rank

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

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.

WDGF vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WDGF	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.11	—
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	0.17	0.43	-0.25

Drawdowns

WDGF vs. DXJ - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for WDGF and DXJ.

Drawdown Indicators

	WDGF	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-49.63%	+35.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-12.77%	0.00%	-12.77%
Average Drawdown Average peak-to-trough decline	-5.46%	-14.34%	+8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.81%	—

Volatility

Volatility by Period

	WDGF	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	17.44%	+4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	18.96%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	20.18%	+2.23%

WDGF vs. DXJ - Expense Ratio Comparison

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

Dividends

WDGF vs. DXJ - Dividend Comparison

WDGF's dividend yield for the trailing twelve months is around 0.05%, less 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%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDGF and DXJ in my portfolio?

WDGF and DXJ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDGF or DXJ?

On fees, WDGF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDGF or DXJ?

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

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

DXJ has the higher dividend yield at 1.08%, compared with 0.05% for WDGF.

What is the main difference between WDGF and DXJ?

WDGF is categorized as Aerospace & Defense, while DXJ is Japan Equities. WDGF tracks WisdomTree Global Defense Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.45% for WDGF and 0.48% for DXJ.