ETF Evaluator:
WisdomTree Japan Hedged Equity ETF (DXJ)
Follow This ETF
(as of Jul 31)
Best Performing in Japan Stock Over the Last Year
| 58.1% | WisdomTree Japan Opportunities ETF (OPPJ) |
| 52.4% | WisdomTree Japan Hedged Equity ETF (DXJ) |
| 51.5% | iShares Currency Hedged MSCI Japan ETF (HEWJ) |
| 49.7% | Franklin FTSE Japan Hedged ETF (FLJH) |
| 49.4% | Xtrackers MSCI Japan Hedged Equity ETF (DBJP) |
Risk
Index
Risk
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ETF Details
WisdomTree Japan Hedged Equity ETF Overview
WisdomTree Japan Hedged Equity ETF (DXJ) is a passively managed International Equity Japan Stock exchange-traded fund (ETF). WisdomTree launched the ETF in 2006.
The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index.
Under normal circumstances, at least 95% of the fund's total assets will be invested in constituent securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities. The index consists of dividend-paying companies incorporated in Japan and traded on the Tokyo Stock Exchange that derive less than 80% of their revenue from sources in Japan. The fund is non-diversified.
About WisdomTree Japan Hedged Equity ETF (DXJ)
There are 5 members of the management team with an average tenure of 5.14 years: Marlene Walker-Smith (2020), David France (2021), Todd Frysinger (2021), Vlasta Sheremeta (2021) and Michael Stoll (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI Japan NR LCL index with a weighting of 100% and WisdomTree Japan Equity UCITS TR Hdg USD index with a weighting of 100%. WisdomTree Japan Hedged Equity ETF has 426 securities in its portfolio. The top 10 holdings constitute 29.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree Japan Hedged Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. WisdomTree Japan Hedged Equity ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree Japan Hedged Equity ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $7 billion in total assets, which is above the $2 billion average for the Japan Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DXJ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree Japan Hedged Equity ETF expense ratio is average compared to funds in the Japan Stock category. WisdomTree Japan Hedged Equity ETF has an expense ratio of 0.48%, which is 5% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree Japan Hedged Equity ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Japan Stock category.
Recently, in the month of June 2026, WisdomTree Japan Hedged Equity ETF returned 1.0%, which earned it a grade of B, as the Japan Stock category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree Japan Hedged Equity ETF has a trailing yield of 0.97%, which is below the 2.68% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WisdomTree Japan Hedged Equity ETF Grades
Year to date, the ETF has returned 21.4%, 4.8 percentage points better than the category, which translates into a grade of B. The fund has returned 52.4% over the past year (grade of A), 31.1% over the past three years (grade of A) and 26.8% per year over the past five years (grade of A) and 19.4% per year over the past 10 years (grade of A).
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DXJ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DXJ Return (NAV) | 1.0% | 13.1% | 52.4% | 31.1% | 26.8% | 19.4% |
| DXJ Return (Price) | 1.8% | 10.2% | 53.4% | 31.0% | 26.8% | 19.3% |
| NAV +/- Price Return | -0.830% | 2.936% | -1.050% | 0.170% | -0.049% | 0.098% |
| Japan Stock Avg | -0.4% | 12.2% | 32.8% | 22.8% | 14.8% | 12.5% |
| DXJ Grade (NAV) | B | C | A | A | A | A |
| +/- Category (NAV) | 1.4% | 0.9% | 19.6% | 8.3% | 11.9% | 6.9% |
| DXJ Tax-Cost Ratio | na | na | 0.4% | 0.7% | 0.9% | 0.8% |
DXJ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DXJ Return (NAV) | 21.4% | 31.2% | 30.2% | 40.8% | 7.5% | 18.3% | 2.7% | 18.6% | -18.8% | 22.3% | 0.1% |
| DXJ Return (Price) | 21.2% | 32.8% | 29.8% | 42.0% | 5.9% | 18.0% | 4.0% | 18.9% | -19.8% | 22.8% | 1.1% |
| NAV +/- Price Ret | -0.010% | 0.050% | -0.013% | 0.031% | -0.210% | -0.019% | 0.490% | 2.0% | 5.1% | 2.4% | 1301.3% |
| Japan Stock Avg | 16.6% | 28.3% | 13.9% | 25.8% | -8.2% | 5.5% | 7.6% | 18.3% | -15.2% | 25.5% | 3.3% |
| DXJ Grade (NAV) | B | A | A | A | A | A | D | D | F | D | D |
| +/- Category | 4.8% | 2.9% | 16.3% | 14.9% | 15.7% | 12.8% | -4.9% | 0.3% | -3.6% | -3.3% | -3.2% |
| Risk Measures | |
| Beta: | 0.48 |
| R-Squared: | 23% |
| Standard Deviation: | 14.0% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.15 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 7,080 Mil |
| Share Class Assets: | $ 7,080 Mil |
| Turnover: | 28.0% |
| Expense Ratio: | 0.48% |
| Index Fund: | Yes |
| Index Tracked: | MSCI Japan NR LCL |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.7 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Walker-Smith Marlene (2020), France David (2021), Frysinger Todd (2021), Sheremeta Vlasta (2021), Stoll Michael (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 426 |
| % in Top 10 Holdings: | 29.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | June 16, 2006 |
Expenses and Fees
| Expense Ratio (%): | 0.48% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.50% |
