DBJP vs SPY
DBJP vs SPY
Xtrackers MSCI Japan Hedged Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DBJP delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DBJP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $696M | $789.1B | |
| Dividend Yield | 1.25% | 1.01% | |
| Holdings | 182 | 505 | |
| YTD Return | +22.47% | +13.79% | |
| 1Y Return | +46.09% | +23.66% | |
| 3Y Return (annualized) | +28.71% | +21.40% | |
| 5Y Return (annualized) | +22.40% | +13.37% | |
| Volatility (annualized) | 16.6% | 15.3% | |
| Max Drawdown | -35.3% | -56.5% | |
| Fund Family | Xtrackers ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 9, 2011 | Jan 22, 1993 |
DBJP vs SPY Performance
Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is a ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DBJP returned +46.09% while SPY returned +23.66%. Year to date, DBJP is up 22.47% versus a gain of 13.79% for SPY.
Over three years, DBJP compounded at +28.71% per year against +21.40% for SPY; over five years the annualized figures are +22.40% and +13.37% respectively. Across the full 15-year window we track, DBJP has the edge at +11.75% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBJP has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.3% for DBJP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBJP charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, DBJP currently yields 1.25% against 1.01% for SPY.
Holdings Overlap
DBJP and SPY share 0 holdings out of 672 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBJP or SPY?
DBJP has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DBJP or SPY?
Over the past year DBJP returned +46.09% vs +23.66% for SPY, so DBJP leads on 1-year performance. Over the longest common window we track (15 years), DBJP annualized +11.75% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DBJP or SPY?
DBJP has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: DBJP -35.3% vs SPY -56.5%.
Should I hold both DBJP and SPY?
DBJP and SPY have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBJP and SPY?
DBJP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 672 unique securities.
Which pays a higher dividend, DBJP or SPY?
DBJP yields 1.25% while SPY yields 1.01%, so DBJP currently pays the higher dividend yield.
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