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 19.30%/yr vs 13.56%/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 25.59% return, which is significantly higher than ^GSPC's 11.08% return. Over the past 10 years, WTDX.DE has outperformed ^GSPC with an annualized return of 19.30%, while ^GSPC has yielded a comparatively lower 13.56% annualized return.
WTDX.DE
- 1D
- 0.13%
- 1M
- 4.37%
- YTD
- 25.59%
- 6M
- 25.68%
- 1Y
- 60.63%
- 3Y*
- 30.35%
- 5Y*
- 27.58%
- 10Y*
- 19.30%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
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 | 25.59% | 17.86% | 36.79% | 37.12% | 11.85% | 27.70% | -6.91% | 24.57% | -17.23% | 8.62% |
^GSPC S&P 500 Index | 11.08% | 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 0.35, 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 | 0.39 |
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 | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 7.46 | 3.17 | +4.29 |
| Martin ratioReturn relative to average drawdown | 25.12 | 11.71 | +13.41 |
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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 -51.62%. 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% | -51.62% | +13.39% |
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 | -2.42% | -1.08% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -9.08% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.04% | +0.37% |
Volatility
WTDX.DE vs. ^GSPC - Volatility Comparison
WisdomTree Japan Equity UCITS ETF USD Hedged (WTDX.DE) has a higher volatility of 5.04% compared to S&P 500 Index (^GSPC) at 3.97%. 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 | 5.04% | 3.97% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 9.16% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 12.60% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 16.86% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 18.61% | +2.99% |
Frequently Asked Questions
WTDX.DE and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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