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XIU.TO vs. DXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. DXJ

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 19.32%/yr for DXJ. At a 0.46 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.48%/yr for DXJ.

Performance

XIU.TO vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XIU.TO is traded in CAD, while DXJ is traded in USD. To make them comparable, the DXJ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XIU.TO achieves a 9.69% return, which is significantly lower than DXJ's 20.01% return. Over the past 10 years, XIU.TO has underperformed DXJ with an annualized return of 12.76%, while DXJ has yielded a comparatively higher 19.32% annualized return.

XIU.TO

1D
0.26%
1M
2.33%
YTD
9.69%
6M
11.69%
1Y
31.18%
3Y*
22.55%
5Y*
14.33%
10Y*
12.76%

DXJ

1D
0.67%
1M
4.12%
YTD
20.01%
6M
21.97%
1Y
54.44%
3Y*
33.66%
5Y*
29.53%
10Y*
19.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		9.69%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
DXJ
WisdomTree Japan Hedged Equity Fund		20.01%26.72%40.82%38.66%12.68%17.93%1.47%14.04%-13.04%14.49%

Correlation

The correlation between XIU.TO and DXJ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2006

0.46

The correlation between XIU.TO and DXJ has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

XIU.TO vs. DXJ - Sectors Allocation Comparison

Sectors
XIU.TO
DXJ

Financial Services

39.4%
18.3%

Energy

18.6%
1.7%

Basic Materials

13.3%
8.5%

Technology

8.8%
12.9%

Industrials

7.9%
27.4%

Consumer Cyclical

4.1%
15.6%

Consumer Defensive

3.2%
4.7%

Utilities

2.6%
0.1%

Communication Services

2.0%
2.7%

Real Estate

0.2%

-

Healthcare

-

6.8%

Financial Services

XIU.TO
39.4%
DXJ
18.3%

Energy

XIU.TO
18.6%
DXJ
1.7%

Basic Materials

XIU.TO
13.3%
DXJ
8.5%

Technology

XIU.TO
8.8%
DXJ
12.9%

Industrials

XIU.TO
7.9%
DXJ
27.4%

Consumer Cyclical

XIU.TO
4.1%
DXJ
15.6%

Consumer Defensive

XIU.TO
3.2%
DXJ
4.7%

Utilities

XIU.TO
2.6%
DXJ
0.1%

Communication Services

XIU.TO
2.0%
DXJ
2.7%

Real Estate

XIU.TO
0.2%
DXJ

-

Healthcare

XIU.TO

-

DXJ
6.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX 60 Index ETF

WisdomTree Japan Hedged Equity Fund

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

XIU.TO vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8686
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
DXJ
DXJ Risk / Return Rank: 9090
Overall Rank
DXJ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9191
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9090
Omega Ratio Rank
DXJ Calmar Ratio Rank: 8888
Calmar Ratio Rank
DXJ Martin Ratio Rank: 8989
Martin Ratio Rank
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.

XIU.TO vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) 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.

XIU.TODXJDifference
Sharpe ratioReturn per unit of total volatility
2.62
3.05

-0.43

Sortino ratioReturn per unit of downside risk
3.49
4.06

-0.57

Omega ratioGain probability vs. loss probability

1.47

1.53

-0.06

Calmar ratioReturn relative to maximum drawdown

4.09

5.09

-1.00

Martin ratioReturn relative to average drawdown

18.93

19.22

-0.29

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIU.TO vs. DXJ - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is comparable to the DXJ Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of XIU.TO 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.

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Sharpe Ratios by Period

XIU.TODXJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

3.05

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.48

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.91

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.47

+0.08

Drawdowns

XIU.TO vs. DXJ - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, smaller than the maximum DXJ drawdown of -51.50%. Use the drawdown chart below to compare losses from any high point for XIU.TO and DXJ.

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Drawdown Indicators

XIU.TODXJDifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-51.50%

+4.52%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-10.75%

+3.10%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-20.75%

+8.39%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-20.75%

+4.39%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-32.56%

-2.90%

Current Drawdown

Current decline from peak

-1.68%

-1.70%

+0.02%

Average Drawdown

Average peak-to-trough decline

-6.85%

-15.96%

+9.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

2.84%

-1.19%

Volatility

XIU.TO vs. DXJ - Volatility Comparison

The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 3.96%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.44%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TODXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

4.44%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

9.56%

13.85%

-4.29%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

17.95%

-5.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.82%

20.04%

-7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

21.26%

-6.24%

XIU.TO vs. DXJ - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

XIU.TO vs. DXJ - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, more than DXJ's 1.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		1.10%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.21%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and DXJ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.48% for DXJ.

XIU.TO is categorized as Canada Equities, while DXJ is Japan Equities. XIU.TO tracks S&P/TSX 60 Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for XIU.TO and 0.48% for DXJ.

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