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 +26.7% compared to +13.2%
DXJ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
DXJ vs SPY - Historical Returns
Returns include dividend reinvestment.
DXJ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DXJ | SPY |
|---|---|---|
| 2026 | +19.55% | +7.95% |
| 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 -3.57%. The current SPY drawdown is -3.18%.
| 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 - May 13, 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.
Dividend Comparison (1999 - 2026)
DXJ vs SPY dividend yield comparison.
| Year | DXJ | SPY |
|---|---|---|
| 2026 | 0.00% | 0.50% |
| 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% |
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