WING vs. SCJ

Last updated Jun 4, 2026

WING (Wingstop Inc.) is a stock, while SCJ (iShares MSCI Japan Small Cap ETF) is Japan Equities fund tracking the MSCI Japan Small Cap Index. Over the past 10 years, WING returned 21.13%/yr vs 7.55%/yr for SCJ. At a 0.19 correlation, their price movements are largely independent.

Performance

WING vs. SCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wingstop Inc. (WING) and iShares MSCI Japan Small Cap ETF (SCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WING achieves a -39.37% return, which is significantly lower than SCJ's 14.35% return. Over the past 10 years, WING has outperformed SCJ with an annualized return of 21.13%, while SCJ has yielded a comparatively lower 7.55% annualized return.

WING

• 1D: -4.60%
• 1M: -4.04%
• YTD: -39.37%
• 6M: -46.17%
• 1Y: -58.16%
• 3Y*: -9.63%
• 5Y*: 2.07%
• 10Y*: 21.13%

SCJ

• 1D: 0.36%
• 1M: 5.04%
• YTD: 14.35%
• 6M: 16.37%
• 1Y: 30.15%
• 3Y*: 17.70%
• 5Y*: 7.36%
• 10Y*: 7.55%

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

WING vs. SCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WING Wingstop Inc.	-39.37%	-15.72%	11.06%	87.26%	-17.05%	30.91%	60.40%	34.99%	77.28%	32.26%
SCJ iShares MSCI Japan Small Cap ETF	14.35%	29.58%	3.41%	13.22%	-12.75%	-2.95%	7.46%	16.16%	-17.17%	31.61%

Correlation

The correlation between WING and SCJ is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 15, 2015	0.19

The correlation between WING and SCJ shifts across timeframes, from 0.04 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WING vs. SCJ — Risk / Return Rank

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

WING

WING Risk / Return Rank: 6
WING Sharpe Ratio Rank: 6
WING Sortino Ratio Rank: 4
WING Omega Ratio Rank: 7
WING Calmar Ratio Rank: 8
WING Martin Ratio Rank: 4

SCJ

SCJ Risk / Return Rank: 53
SCJ Sharpe Ratio Rank: 55
SCJ Sortino Ratio Rank: 55
SCJ Omega Ratio Rank: 54
SCJ Calmar Ratio Rank: 50
SCJ Martin Ratio Rank: 50

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.

WING vs. SCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wingstop Inc. (WING) and iShares MSCI Japan Small Cap ETF (SCJ). 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.

	WING	SCJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	1.88	-2.81
Sortino ratio: Return per unit of downside risk	-1.68	2.67	-4.35
Omega ratio: Gain probability vs. loss probability	0.82	1.34	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.85	2.49	-3.34
Martin ratio: Return relative to average drawdown	-1.57	8.42	-9.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WING vs. SCJ - Sharpe Ratio Comparison

The current WING Sharpe Ratio is -0.93, which is lower than the SCJ Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of WING and SCJ, 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

	WING	SCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	1.88	-2.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.47	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.46	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.30	+0.10

Drawdowns

WING vs. SCJ - Drawdown Comparison

The maximum WING drawdown since its inception was -72.06%, which is greater than SCJ's maximum drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for WING and SCJ.

Drawdown Indicators

	WING	SCJ	Difference
Max Drawdown Largest peak-to-trough decline	-72.06%	-43.52%	-28.54%
Max Drawdown (1Y) Largest decline over 1 year	-68.71%	-12.17%	-56.54%
Max Drawdown (3Y) Largest decline over 3 years	-72.06%	-12.43%	-59.63%
Max Drawdown (5Y) Largest decline over 5 years	-72.06%	-33.25%	-38.81%
Max Drawdown (10Y) Largest decline over 10 years	-72.06%	-38.87%	-33.19%
Current Drawdown Current decline from peak	-66.08%	-1.82%	-64.26%
Average Drawdown Average peak-to-trough decline	-17.01%	-10.38%	-6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.11%	3.59%	+33.52%

Volatility

WING vs. SCJ - Volatility Comparison

Wingstop Inc. (WING) has a higher volatility of 18.84% compared to iShares MSCI Japan Small Cap ETF (SCJ) at 4.03%. This indicates that WING's price experiences larger fluctuations and is considered to be riskier than SCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WING	SCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.84%	4.03%	+14.81%
Volatility (6M) Calculated over the trailing 6-month period	45.31%	13.13%	+32.18%
Volatility (1Y) Calculated over the trailing 1-year period	62.95%	16.11%	+46.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.88%	15.81%	+35.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.10%	16.29%	+29.81%

Dividends

WING vs. SCJ - Dividend Comparison

WING's dividend yield for the trailing twelve months is around 0.83%, less than SCJ's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCJ iShares MSCI Japan Small Cap ETF	2.75%	3.14%	1.79%	1.99%	1.18%	1.87%	0.89%	1.85%	1.44%	1.45%	2.73%	1.53%
WING Wingstop Inc.	0.83%	0.48%	0.34%	0.32%	3.43%	0.36%	4.15%	0.46%	5.44%	0.36%	9.80%	0.00%

Frequently Asked Questions

Can I hold both WING and SCJ in my portfolio?

WING and SCJ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WING or SCJ?

WING has higher volatility (18.84%) compared to SCJ (4.03%). In terms of maximum drawdown, WING dropped -72.06% vs SCJ's -43.52%.

Which has better risk-adjusted returns?

SCJ currently has the higher Sharpe Ratio (1.88 vs -0.93), 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.