WDNA vs. DXJ

Last updated Jun 4, 2026

WDNA (WisdomTree BioRevolution Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - WDNA is a Health & Biotech Equities fund tracking the WisdomTree BioRevolution Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, WDNA returned -5.33%/yr vs 26.13%/yr for DXJ. At a 0.41 correlation, their price movements are largely independent. WDNA charges 0.45%/yr vs 0.48%/yr for DXJ.

Performance

WDNA vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree BioRevolution Fund (WDNA) 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, WDNA achieves a 5.85% return, which is significantly lower than DXJ's 19.64% return.

WDNA

• 1D: 1.24%
• 1M: -0.73%
• YTD: 5.85%
• 6M: 8.14%
• 1Y: 45.86%
• 3Y*: 2.45%
• 5Y*: -5.33%
• 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)

WDNA vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WDNA WisdomTree BioRevolution Fund	5.85%	22.68%	-14.18%	-2.07%	-26.29%	-5.27%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	3.38%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 4, 2021	0.41

WDNA vs. DXJ - Sectors Allocation Comparison

Sectors	WDNA	DXJ
Healthcare	85.0%	6.8%
Basic Materials	6.5%	8.5%
Consumer Defensive	3.0%	4.7%
Energy	1.1%	1.7%
Communication Services	-	2.7%
Consumer Cyclical	-	15.6%
Financial Services	-	18.3%
Industrials	-	27.4%
Real Estate	-	-
Technology	-	12.9%
Utilities	-	0.1%

Return for Risk

WDNA vs. DXJ — Risk / Return Rank

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

WDNA

WDNA Risk / Return Rank: 57
WDNA Sharpe Ratio Rank: 53
WDNA Sortino Ratio Rank: 55
WDNA Omega Ratio Rank: 48
WDNA Calmar Ratio Rank: 78
WDNA Martin Ratio Rank: 53

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.

WDNA vs. DXJ - Risk-Adjusted Trends Comparison

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

	WDNA	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	3.11	-1.30
Sortino ratio: Return per unit of downside risk	2.64	4.20	-1.56
Omega ratio: Gain probability vs. loss probability	1.30	1.56	-0.26
Calmar ratio: Return relative to maximum drawdown	3.94	4.94	-1.00
Martin ratio: Return relative to average drawdown	8.95	19.29	-10.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDNA vs. DXJ - Sharpe Ratio Comparison

The current WDNA Sharpe Ratio is 1.81, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of WDNA 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

	WDNA	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	3.11	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	1.39	-1.60
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	-0.64

Drawdowns

WDNA vs. DXJ - Drawdown Comparison

The maximum WDNA drawdown since its inception was -58.87%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for WDNA and DXJ.

Drawdown Indicators

	WDNA	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-58.87%	-49.63%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-10.98%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-38.25%	-22.19%	-16.06%
Max Drawdown (5Y) Largest decline over 5 years	-58.87%	-22.19%	-36.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-31.86%	0.00%	-31.86%
Average Drawdown Average peak-to-trough decline	-35.65%	-14.34%	-21.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	2.81%	+2.33%

Volatility

WDNA vs. DXJ - Volatility Comparison

WisdomTree BioRevolution Fund (WDNA) has a higher volatility of 6.75% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.55%. This indicates that WDNA'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

	WDNA	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	3.55%	+3.20%
Volatility (6M) Calculated over the trailing 6-month period	16.39%	13.09%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	25.53%	17.44%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	18.96%	+6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	20.18%	+4.86%

WDNA vs. DXJ - Expense Ratio Comparison

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

Dividends

WDNA vs. DXJ - Dividend Comparison

WDNA's dividend yield for the trailing twelve months is around 4.31%, 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%
WDNA WisdomTree BioRevolution Fund	4.31%	4.57%	0.75%	0.80%	0.38%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDNA and DXJ in my portfolio?

WDNA 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 is riskier, WDNA or DXJ?

WDNA has higher volatility (6.75%) compared to DXJ (3.55%). In terms of maximum drawdown, WDNA dropped -58.87% vs DXJ's -49.63%.

Which ETF is better, WDNA or DXJ?

On 5-year performance, DXJ leads with 26.13% vs -5.33% for WDNA. On fees, WDNA 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, WDNA or DXJ?

Over the 5-year period, DXJ has performed better with a 26.13% return vs -5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDNA or DXJ?

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

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

WDNA has the higher dividend yield at 4.31%, compared with 1.08% for DXJ.

What is the main difference between WDNA and DXJ?

WDNA is categorized as Health & Biotech Equities, while DXJ is Japan Equities. WDNA tracks WisdomTree BioRevolution Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.45% for WDNA and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 1.81), 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.