WTDX.DE vs. ^GSPC
WTDX.DE (WisdomTree Japan Equity UCITS ETF USD Hedged) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity UCITS Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, WTDX.DE returned 18.14%/yr vs 12.91%/yr for ^GSPC. At a 0.35 correlation, their price movements are largely independent.
Performance
WTDX.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
WTDX.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WTDX.DE achieves a 26.25% return, which is significantly higher than ^GSPC's 13.20% return. Over the past 10 years, WTDX.DE has outperformed ^GSPC with an annualized return of 18.14%, while ^GSPC has yielded a comparatively lower 12.91% annualized return.
WTDX.DE
- 1D
- -0.37%
- 1M
- 3.84%
- 6M
- 17.92%
- YTD
- 26.25%
- 1Y
- 57.34%
- 3Y*
- 32.07%
- 5Y*
- 28.03%
- 10Y*
- 18.14%
^GSPC
- 1D
- 0.00%
- 1M
- 1.21%
- 6M
- 10.91%
- YTD
- 13.20%
- 1Y
- 22.56%
- 3Y*
- 18.02%
- 5Y*
- 12.47%
- 10Y*
- 12.91%
WTDX.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTDX.DE WisdomTree Japan Equity UCITS ETF USD Hedged | 26.25% | 17.86% | 36.79% | 37.12% | 11.85% | 27.70% | -6.91% | 24.57% | -17.23% | 8.62% |
^GSPC S&P 500 Index | 13.27% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between WTDX.DE and ^GSPC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 18, 2015 | 0.35 |
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Return for Risk
WTDX.DE vs. ^GSPC — Risk / Return Rank
WTDX.DE
^GSPC
WTDX.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTDX.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.33 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 7.05 | 3.00 | +4.06 |
| Martin ratioReturn relative to average drawdown | 23.54 | 11.06 | +12.47 |
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Drawdowns
WTDX.DE vs. ^GSPC - Drawdown Comparison
The maximum WTDX.DE drawdown since its inception was -38.23%, smaller than the maximum ^GSPC drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for WTDX.DE and ^GSPC.
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Drawdown Indicators
| WTDX.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -51.28% | +13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -7.57% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -23.65% | -23.99% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -23.65% | -23.99% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -32.53% | -33.42% | +0.89% |
Current DrawdownCurrent decline from peak | -1.71% | -0.58% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -8.94% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.04% | +0.39% |
Volatility
WTDX.DE vs. ^GSPC - Volatility Comparison
WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) has a higher volatility of 5.75% compared to S&P 500 Index (^GSPC) at 3.04%. This indicates that WTDX.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTDX.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 3.04% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 9.17% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.79% | 12.60% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 16.85% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 18.60% | +2.92% |
Frequently Asked Questions
WTDX.DE and ^GSPC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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