DXJS
WisdomTree Japan Hedged SmallCap Equity Fund
WisdomTree Japan Hedged Small Cap Fund is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond to the WisdomTree Japan Hedged SmallCap Equity Index. The Fund invests in dividend paying, small-cap companies incorporated in Japan and listed on the Tokyo Exchange, while neutralizing the risk of the Japanese yen's fluctuations relative to the USD.
International
EQUITY
Passive
MANAGEMENT STYLE
58 bp
EXPENSES
$77.9 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | WisdomTree Investments Inc |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 28, 2013 |
| Assets (mns) | $78 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HORIBA LTD | 0.9 % |
| TOYO TIRE & RUBBER CO LTD | 0.7 % |
| TOKYO SEIMITSU CO LTD | 0.7 % |
| DAIDO STEEL CO LTD | 0.7 % |
| GUNMA BANK LTD/THE | 0.6 % |
| MORI SEIKI CO LTD | 0.6 % |
| AMANO CORP | 0.6 % |
| NIPPON ELECTRIC GLASS CO LTD | 0.5 % |
| MITSUI MINING & SMELTING CO | 0.5 % |
| SUMITOMO BAKELITE CO LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 724 |
| Herfindahl-Hirschman Index | 22 |
| Wgt avg mkt cap (mns) | $1,033 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 15.1% |
| Small cap (<$2bn) | 84.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 82.1 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.2% | -33.2% | -7.0% | -4.4% | 1.3% | 4.5% | 5.7% | Volatility | 13.2% | 15.2% | 15.7% | 16.8% | 21.1% | 20.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 5% |
| MSCI EAFE | 0.55 | 10% |
| MSCI Emg Mkts | 0.57 | 11% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.45% |
| ADV of underlying (mns) | $2,169 |
Technical Indicators
| Recent close | $33.85 |
| 30d moving avg. | $34.94 |
| Annualized volatility | 31.0% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 3.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DXJS |
Expenses vs. DXJS |
ALTAR Score™ vs. DXJS |
|---|---|---|---|---|
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 80.4% | 0 bp | -0.3% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 36.6% | -8 bp | -1.2% |
| DLS | WisdomTree International SmallCap Dividend Fund | 23.9% | 0 bp | +0.9% |
| GWX | SPDR S&P International Small Cap ETF | 22.5% | -18 bp | -1.3% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 20.2% | -19 bp | -0.5% |
| AVDV | Avantis International Small Cap Value ETF | 18.3% | -22 bp | +0.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 17.4% | -9 bp | -1.1% |
| DISV | Dimensional International Small Cap Value ETF | 17.4% | -16 bp | +1.2% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 17.2% | +22 bp | +1.9% |
| DFIS | Dimensional International Small Cap ETF | 14.4% | -19 bp | -1.1% |
Risk and Returns: DXJS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DXJS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DXJS
7.5%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.5% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. DXJS's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places DXJS in the 56th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DXJS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| DXJS (58 bp) Percentile rank | 82 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DXJS | 58.0 | 44.9 | 102.9 |
| Peer Avg. | 26.0 | 14.3 | 40.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .