OPPJ vs SCHD
WisdomTree Japan Opportunities Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. OPPJ delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | OPPJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.06% | |
| AUM | $286M | $108.7B | |
| Dividend Yield | 1.13% | 3.13% | |
| Holdings | 103 | 104 | |
| YTD Return | +25.55% | +25.69% | |
| 1Y Return | +49.97% | +30.41% | |
| 3Y Return (annualized) | +33.17% | +16.03% | |
| 5Y Return (annualized) | +25.61% | +9.64% | |
| Volatility (annualized) | 14.8% | 13.6% | |
| Max Drawdown | -41.7% | -33.4% | |
| Fund Family | WisdomTree Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2013 | Oct 20, 2011 |
OPPJ vs SCHD Performance
WisdomTree Japan Opportunities Fund (OPPJ) is a ETF from WisdomTree Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OPPJ returned +49.97% while SCHD returned +30.41%. Year to date, OPPJ is up 25.55% versus a gain of 25.69% for SCHD.
Over three years, OPPJ compounded at +33.17% per year against +16.03% for SCHD; over five years the annualized figures are +25.61% and +9.64% respectively. Across the full 13-year window we track, OPPJ has the edge at +13.30% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPPJ has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.6% for SCHD. 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 -41.7% for OPPJ and -33.4% for SCHD. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OPPJ charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, OPPJ currently yields 1.13% against 3.13% for SCHD.
Holdings Overlap
OPPJ and SCHD share 0 holdings out of 188 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, OPPJ or SCHD?
OPPJ has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, OPPJ or SCHD?
Over the past year OPPJ returned +49.97% vs +30.41% for SCHD, so OPPJ leads on 1-year performance. Over the longest common window we track (13 years), OPPJ annualized +13.30% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, OPPJ or SCHD?
OPPJ has been the more volatile fund at 14.8% annualized versus 13.6% for SCHD. Worst drawdown: OPPJ -41.7% vs SCHD -33.4%.
Should I hold both OPPJ and SCHD?
OPPJ and SCHD have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPPJ and SCHD?
OPPJ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, OPPJ or SCHD?
OPPJ yields 1.13% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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