DXJ vs. FJP - ETF Comparison
DXJ - WisdomTree Japan Hedged Equity Fund
The WisdomTree Japan Hedged Equity Fund (DXJ) provides investors with broad-based exposure to the Japanese equity market, hedging out currency fluctuations to offer a 'pure play' on Japanese stock performance. This ETF is suitable for investors who believe in the potential of Japanese equities but are wary of yen fluctuations. With a focus on large-cap companies, DXJ implements its strategy at a relatively lower cost compared to individual investors, making it a quality pick for those seeking to mitigate currency risks.
FJP - First Trust Japan AlphaDEX Fund
The First Trust Japan AlphaDEX Fund is an equity fund that provides broad exposure to the Japanese market, investing in large-cap companies across various sectors. The fund employs a multi-factor approach, using a tiered weighting scheme to select securities, with the aim of potentially avoiding some of the worst names in the index. This fund may be suitable for investors seeking tactical exposure to Japanese equities while benefiting from First Trust's AlphaDEX methodology.
| DXJ | FJP | |
|---|---|---|
| Fund Name | WisdomTree Japan Hedged Equity Fund | First Trust Japan AlphaDEX Fund |
| Fund Provider | WisdomTree | First Trust |
| Index | WisdomTree Japan Hedged Equity Index | NASDAQ AlphaDEX Japan Index |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.48% | 0.80% |
| Inception Date | 2006-06-16 | 2011-04-18 |
| Number Of Holdings | 444 | 101 |
| Region | Japan | Japan |
| Investment Style | Blend | Blend |
| Market Cap | Large-Cap | Large-Cap |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.