DXJ vs SPY

Comparison between WISDOMTREE JAPAN HEDGED EQUITY FUND (DXJ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceDXJ has outperformed SPY, delivering a return of +25.9% compared to +13.3%

DXJ vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DXJ(ETF)	SPY(ETF)
Net Assets	$5.80B	$652B
Expense Ratio	0.48%	0.09%
Max Drawdown	51.15%	56.47%
Sharpe Ratio	2.31	2.07
5Y Beta	0.94	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	28.07%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

DXJ

$5.80B

Winner

SPY

$652B

Expense Ratio

DXJ

0.48%

Winner

SPY

0.09%

Max Drawdown

Winner

DXJ

51.15%

SPY

56.47%

Sharpe Ratio

Winner

DXJ

2.31

SPY

2.07

5Y Beta

Winner

DXJ

0.94

SPY

1.00

P/E Ratio

DXJ

N/A

SPY

28.24

Forward P/E

DXJ

N/A

SPY

21.85

5Y Dividends CAGR

Winner

DXJ

28.07%

SPY

5.43%

5Y EPS CAGR

DXJ

N/A

SPY

25.79%

Debt to Equity

DXJ

N/A

SPY

22.35%

P/S Ratio

DXJ

N/A

SPY

3.55

P/B Ratio

DXJ

N/A

SPY

5.29

DXJ vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	DXJ	SPY
1 month	-0.44%	+9.11%
3 months	+0.92%	+6.59%
6 months	+22.89%	+10.56%
1 year	+52.93%	+32.04%
5 years(CAGR)	+25.87%	+13.35%
10 years(CAGR)	+17.86%	+15.49%
Max(CAGR)	+9.28%	+8.50%

DXJ

-0.44%

Winner

SPY

+9.11%

DXJ

+0.92%

Winner

SPY

+6.59%

Winner

DXJ

+22.89%

SPY

+10.56%

Winner

DXJ

+52.93%

SPY

+32.04%

5Y(CAGR)

Winner

DXJ

+25.87%

SPY

+13.35%

10Y(CAGR)

Winner

DXJ

+17.86%

SPY

+15.49%

Max(CAGR)

Winner

DXJ

+9.28%

SPY

+8.50%

DXJ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DXJ	SPY
2026	+14.89%	+8.27%
2025	+32.75%	+18.00%
2024	+29.70%	+25.59%
2023	+41.60%	+26.72%
2022	+5.50%	-18.64%
2021	+20.02%	+30.52%
2020	+2.94%	+17.28%
2019	+18.74%	+31.09%
2018	-19.93%	-5.24%
2017	+20.68%	+20.78%
2016	+3.34%	+13.59%
2015	+6.84%	+1.31%
2014	+10.26%	+14.56%
2013	+37.17%	+29.00%
2012	+17.73%	+14.17%
2011	-16.75%	+0.85%
2010	-3.89%	+13.14%
2009	+0.88%	+22.67%
2008	-20.38%	-36.25%
2007	-7.22%	+5.32%
2006	+10.57%	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

DXJ vs SPY Drawdown Comparison

The maximum drawdown for DXJ was -49.55%, occurring on Mar 9, 2009. Recovery took 1899 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current DXJ drawdown is -2.09%.

Rank	DXJ	SPY
#1	-49.55% Feb 26, 2007 - Sep 10, 2014	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-39.12% Jan 17, 2018 - Feb 8, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-33.59% Jun 1, 2015 - Oct 3, 2017	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-22.19% Jul 10, 2024 - Mar 24, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-16.57% Mar 25, 2025 - Jun 27, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-11.78% Jan 12, 2022 - Mar 24, 2022	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-11.41% Sep 26, 2014 - Oct 31, 2014	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-10.98% Feb 25, 2026 - Mar 20, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-9.73% Jun 30, 2006 - Aug 15, 2006	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-9.11% Dec 5, 2014 - Feb 18, 2015	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-8.74% Sep 19, 2023 - Jan 5, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.53% Mar 8, 2023 - Apr 21, 2023	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.31% Sep 13, 2021 - Jan 4, 2022	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-6.82% Aug 18, 2022 - Nov 8, 2022	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-6.68% Jun 7, 2022 - Aug 17, 2022	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between DXJ and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

DXJ vs SPY dividend yield comparison.

Year	DXJ	SPY
2026	0.00%	0.24%
2025	1.29%	1.07%
2024	3.48%	1.21%
2023	3.44%	1.40%
2022	3.02%	1.65%
2021	2.64%	1.20%
2020	2.53%	1.52%
2019	2.47%	1.75%
2018	2.92%	2.04%
2017	2.30%	1.80%
2016	1.98%	2.03%
2015	5.95%	2.06%
2014	11.61%	1.87%
2013	2.44%	1.81%
2012	1.50%	2.18%
2011	2.38%	2.05%
2010	1.18%	1.80%
2009	1.86%	1.95%
2008	2.03%	3.02%
2007	0.94%	1.85%
2006	0.38%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%