DXJ vs IVV
WisdomTree Japan Hedged Equity Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DXJ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DXJ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.03% | |
| AUM | $7.4B | $907.0B | |
| Dividend Yield | 0.96% | 1.10% | |
| Holdings | 430 | 508 | |
| YTD Return | +21.92% | +12.28% | |
| 1Y Return | +41.06% | +20.94% | |
| 3Y Return (annualized) | +31.70% | +21.81% | |
| 5Y Return (annualized) | +27.98% | +13.05% | |
| Volatility (annualized) | 17.1% | 15.1% | |
| Max Drawdown | -51.1% | -56.5% | |
| Fund Family | WisdomTree Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | May 15, 2000 |
DXJ vs IVV Performance
WisdomTree Japan Hedged Equity Fund (DXJ) is a ETF from WisdomTree Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DXJ returned +41.06% while IVV returned +20.94%. Year to date, DXJ is up 21.92% versus a gain of 12.28% for IVV.
Over three years, DXJ compounded at +31.70% per year against +21.81% for IVV; over five years the annualized figures are +27.98% and +13.05% respectively. Across the full 20-year window we track, DXJ has the edge at +7.20% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DXJ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.1% for IVV. 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 -51.1% for DXJ and -56.5% for IVV. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DXJ charges 0.48% per year while IVV charges 0.03%. On a $10,000 position that is $48 vs $3 annually, a gap of $45 per year that compounds over a long holding period. On income, DXJ currently yields 0.96% against 1.10% for IVV.
Holdings Overlap
DXJ and IVV share 0 holdings out of 919 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, DXJ or IVV?
DXJ has an expense ratio of 0.48% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, DXJ or IVV?
Over the past year DXJ returned +41.06% vs +20.94% for IVV, so DXJ leads on 1-year performance. Over the longest common window we track (20 years), DXJ annualized +7.20% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, DXJ or IVV?
DXJ has been the more volatile fund at 17.1% annualized versus 15.1% for IVV. Worst drawdown: DXJ -51.1% vs IVV -56.5%.
Should I hold both DXJ and IVV?
DXJ and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DXJ and IVV?
DXJ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 919 unique securities.
Which pays a higher dividend, DXJ or IVV?
DXJ yields 0.96% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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