DXJ vs VYM
WisdomTree Japan Hedged Equity Fund vs Vanguard High Dividend Yield ETF
Which is better, DXJ or VYM?
DXJ has been ahead.
VYM has a lower expense ratio. DXJ led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 29.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DXJ | VYM |
|---|---|---|
| Expense Ratio | 0.48% | 0.04%Best |
| AUM | $7.4B | $81.6B |
| Dividend Yield | 0.96% | 2.22% |
| Holdings | 430 | 613 |
| YTD Return | +20.44%Best | +13.15% |
| 1Y Return | +36.61%Best | +17.82% |
| 3Y Return (annualized) | +28.40%Best | +17.99% |
| 5Y Return (annualized) | +25.56%Best | +12.16% |
| Volatility (annualized) | 17.2% | 14.5%Best |
| Max Drawdown | -51.1%Best | -58.8% |
| $10,000 over 5 years | $31,207Best | $17,750 |
| Top 10 Weight | 29.9% | 25.9%Best |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 16, 2006 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 10, 2026 (19.8 years).
DXJ vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.8 years both funds cover.
DXJ vs VYM Performance
WisdomTree Japan Hedged Equity Fund (DXJ) is an ETF from WisdomTree Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DXJ returned +36.61% while VYM returned +17.82%. Year to date, DXJ is up 20.44% versus a gain of 13.15% for VYM.
Over three years, DXJ compounded at +28.40% per year against +17.99% for VYM; over five years the annualized figures are +25.56% and +12.16% respectively. Across the full 20-year window we track, DXJ has the edge at +7.05% annualized vs +6.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DXJ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.5% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DXJ charges 0.48% per year while VYM charges 0.04%. On a $10,000 position that is $48 vs $4 annually, a gap of $44 per year that compounds over a long holding period. On income, DXJ currently yields 0.96% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 426 holdings in DXJ and 603 in VYM, totalling 99.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 426 positions we hold weights for in DXJ and 603 in VYM, against full books of 430 and 613.
What only one of them owns
Our book lists 568 positions for VYM that do not appear in our book for DXJ (97.5% of the fund), and 4 for DXJ that do not appear in VYM (3.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of DXJ and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DXJ or VYM?
DXJ has an expense ratio of 0.48% while VYM charges 0.04%. VYM is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, DXJ or VYM?
Over the past year DXJ returned +36.61% vs +17.82% for VYM, so DXJ leads on 1-year performance. Over the longest common window we track (20 years), DXJ annualized +7.05% vs +6.91% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DXJ or VYM?
DXJ has been the more volatile fund at 17.2% annualized versus 14.5% for VYM. Worst drawdown: DXJ -51.1% vs VYM -58.8%.
Should I hold both DXJ and VYM?
DXJ and VYM have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DXJ or VYM?
DXJ yields 0.96% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than DXJ?
VYM has a lower expense ratio. DXJ led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 29.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.