Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
WisdomTree Japan SmallCap Dividend Fund
$116.29+0.25 (+0.22%)
- 0.58%
- $443M
- +32.4%
- 2.39%
- 0M sh
- $114.98
- low $89.97high $117.96
The ETF.net DFJ Grade
B
Score 65 out of 100
- 8 of 18
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C44 out of 100Rank 10 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A82 out of 100Rank 13 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 2 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 6 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 2 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 6 of 18
Our read on DFJ
BJapan's small caps, filtered down to the ones that actually pay dividends. Running since 2006, holding roughly 800 names and sending cash out every quarter.
The fund provides exposure to Japanese small-cap equities issued by companies that pay dividends.
Why people hold it
- The dividend screen does the work: holdings are Japanese small caps that pay out, not the whole sprawling small-cap universe.
- Roughly 800 holdings, so no single Japanese small cap steers the fund.
- Launched in 2006, with a long track record through Japan's deflation years and its corporate governance overhaul.
- Distributions land quarterly, tracking a rules-based index rather than a manager's stock picks.
Worth knowing
- At 0.58% a year, it costs more than the typical Japan fund, and plain-beta rivals FLJP (0.09%) and BBJP (0.19%) charge a fraction of it.
- Trades lighter than the headline Japan funds, so spreads and limit orders matter, especially on larger tickets.
- Screening for dividend payers leaves out Japanese small caps that reinvest instead of paying, a real tilt away from the full market.
DFJ Holdings
- Stocks
- 792
- 7%
- Us Dollar
Sectors
- Industrials25.5%
- Financials15.9%
- Consumer Discretionary15.6%
- Materials13.7%
- Technology13.5%
- Consumer Staples6.7%
- Health Care3.7%
- Real Estate2.4%
- Utilities1.6%
- Communication1.2%
- Energy0.4%
Geography
- Japan99.83%
- United States0.17%
Developed 100% · Emerging 0%
DFJ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DFJ$13,244
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DFJ |
|---|---|
| Year to date | +22.0% |
| 1 month | −0.1% |
| 3 months | +7.7% |
| 1 year | +32.4% |
| 3 years | +21.9% |
| 5 years | +12.1% |
| 10 years | +9.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DFJ |
|---|---|---|
| 2026 YTD | +22.0% | |
| 2025 | +31.9% | |
| 2024 | +2.8% | |
| 2023 | +20.9% | |
| 2022 | −9.0% | |
| 2021 | +0.4% | |
| 2020 | +1.3% |
DFJ in the news
DFJ Dividends
- 2.39%
- $2.77
- $0.07 per share
- Quarterly
Distribution history
DFJ Risk
- 13.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.83
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DFJ Cost
0.58%
DFJ0.58%
- The middle half of Japan funds
- Median 0.54%
9 of the 18 Japan funds charge less.
Other funds in Japan
- AEWJiShares MSCI Japan ETFExpense ratio 0.49%1 year return +29.6%
- BGSJYGoldman Sachs ActiveBeta Japan Equity ETFExpense ratio 0.25%1 year return +30.7%
- BDBJPXtrackers MSCI Japan Hedged Equity ETFExpense ratio 0.45%1 year return +39.8%
- BDXJWisdomTree Japan Hedged Equity FundExpense ratio 0.48%1 year return +43.2%
- BOPPJWisdomTree Japan Opportunities FundExpense ratio 0.58%1 year return +44.6%