WisdomTree Europe Hedged Equity Fund (HEDJ) Performance
HEDJ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.8% since Dec 31, 2025
- 1 year
- +7.8% total return
- 5 years
- +10.2% a year
- 10 years
- +10.0% a year
- Since first price
- +8.6% a year since 2009
HEDJ trailing returns vs SPY, QQQ, AGG
| Period | HEDJ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.0% | −1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +5.8% | +3.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.8% | +5.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +55.6%+15.9%/yr | +45.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +62.4%+10.2%/yr | +41.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +158.8%+10.0%/yr | +101.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +338.2%+10.4%/yr | +171.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 31, 2009 | +302.5%+8.6%/yr | +134.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HEDJ vs SPY
From Dec 31, 2009: HEDJ grew to $40,248, SPY to $91,605.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HEDJ returns by calendar year
12 of 16 full years positive. Best 2019 (+27.5%), worst 2022 (−10.1%). 2026 is year to date.
HEDJ annual returns table
| Year | HEDJ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.8% | −11.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.5% | −15.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.3% | −12.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.9% | −10.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.1% | −22.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.5% | −7.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.3% | −38.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.5% | −8.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.3% | −17.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.5% | −7.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.2% | −12.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +5.8% | −21.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +4.7% | −12.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +20.4% | −11.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.7% | −12.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −9.3% | −22.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +3.4% | −13.4% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HEDJ largest drawdowns
Now 5.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −38.2% | Mar 16, 2020 | Mar 10, 2021 | 33 days | 1.1 years |
| Apr 10, 2015 | −26.1% | Feb 11, 2016 | Mar 1, 2017 | 10 months | 1.9 years |
| Jan 4, 2022 | −22.2% | Sep 29, 2022 | Feb 15, 2023 | 9 months | 1.1 years |
| Feb 17, 2011 | −22.0% | Sep 22, 2011 | Dec 6, 2012 | 7 months | 1.8 years |
| Jun 14, 2018 | −17.0% | Dec 24, 2018 | Apr 5, 2019 | 6 months | 10 months |
| Mar 19, 2025 | −15.9% | Apr 8, 2025 | May 16, 2025 | 20 days | 58 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HEDJ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +14.6% | +10.9% | +10.3% | +8.7% |
| Volatility (annualized) | 11.6% | 15.1% | 15.6% | 14.9% |
| Sharpe ratio | 0.86 | 0.52 | 0.56 | 0.55 |
| Sortino ratio | 1.47 | 0.84 | 0.85 | 0.84 |
| Best month | +8.2% | +10.5% | +12.8% | +12.8% |
| Worst month | −6.8% | −9.6% | −17.6% | −17.6% |
| Best 12 months | +23.5% | +31.5% | +46.0% | +46.0% |
| Worst 12 months | +1.4% | −15.5% | −18.1% | −18.1% |
| Positive months | 67% | 62% | 62% | 63% |
| Beta vs S&P 500 | 0.60 | 0.74 | 0.81 | — |
| Correlation with S&P 500 | 0.64 | 0.77 | 0.79 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HEDJ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 191 | −18.1% | +11.9% | +46.0% | 77% |
| 3-year (a year) | 167 | −4.5% | +9.1% | +21.1% | 98% |
| 5-year (a year) | 143 | −1.3% | +9.5% | +16.4% | 99% |
| 10-year (a year) | 83 | +4.3% | +8.5% | +11.3% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
HEDJ performance overview
WisdomTree Europe Hedged Equity Fund (HEDJ) returned +7.8% over the past year and +10.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +8.6% a year, turning $10,000 into about $40,248. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.2%, from Feb 12, 2020 to Mar 16, 2020, and it took 12 months to get back to the old high. HEDJ finished 12 of its 16 full calendar years with a gain; the best year was 2019 (+27.5%) and the worst 2022 (−10.1%). Volatility has been 14.9% a year.
Related: HEDJ chart, HEDJ holdings, HEDJ dividends. See the HEDJ overview for the latest quote and fund facts.
HEDJ performance FAQ
What is the HEDJ return over the past year?
HEDJ returned +7.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.9%.
What is the average annual return of HEDJ?
HEDJ has returned +10.2% a year over 5 years, +10.0% a year over 10 years, +8.6% a year since December 31, 2009 (total return, distributions reinvested).
How much would $10,000 invested in HEDJ be worth?
$10,000 invested in HEDJ at its first recorded close on December 31, 2009 would be worth about $40,248 on October 23, 2026 with distributions reinvested.
What was the worst year for HEDJ?
The worst calendar year was 2022, with a total return of −10.1%. The best was 2019 at +27.5%.
What is the biggest drawdown of HEDJ?
The largest peak-to-trough decline was −38.2% between February 12, 2020 and March 16, 2020. It recovered to the old high on March 10, 2021, 12 months after the bottom.
How volatile is HEDJ?
Over the past 3 years HEDJ had an annualized volatility of 11.6% and a Sharpe ratio of 0.86 (excess return over 1–3 month T-bills per unit of risk).