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WisdomTree Japan SmallCap Dividend Index

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small capitalization companies in Japan. The Index is then created by removing the 300 largest companies by market capitalization from Japanese companies that meet the underlying liquidity and size screens, as of the annual Index rebalance. Companies are weighted in the Index based on annual cash dividends paid. The Index, established with a base value of 200 on May 31, 2006, is calculated in US dollars and is updated to reflect market prices and exchange rates. Closing or last-sale prices are used when non-U.S. markets are closed.

Index Facts

Index Facts
As of 08/17/2018
Bloomberg Index Symbol WTJSC
Exchange Index Symbol W31
Index Inception Date 06/01/2006
Base Index Value 200
Number of Components in Index 881
Current Index Value 301.15
Total Return Index Closing Value 373.77
Total Index Market Capitalization ($ Trillion) 0.92
Index MarketCap Breakdown
Large Cap (> $10 Billion) 0.00%
Mid Cap (≥ $2 Billion and ≤ $10 Billion) 31.79%
Small Cap (< $2 Billion) 68.20%

Index Statistics

Index Statistics
As of 08/17/2018
Dividend Yield 2.31
Price/Earnings 13.13
Estimated Price/Earnings 13.33
Price/Book 1.02
Price/Sales 0.54
Price/Cash Flow 10.49
Gross Buyback Yield 0.57
Net Buyback Yield 0.11

Top Components

Top Components
As of 08/17/2018
1. Sankyo Co Ltd (6417 JP) 0.70%
2. Matsui Securities Co Ltd (8628 JT) 0.69%
3. DIC Corp (4631 JT) 0.64%
4. Yokohama Rubber Co Ltd/The (5101 JT) 0.57%
5. Mitsubishi Materials Corp (5711 JT) 0.55%
6. Nippon Electric Glass (5214 JP) 0.54%
7. Toyota Boshoku Corp (3116 JT) 0.51%
8. Kobe Steel Ltd (5406 JT) 0.50%
9. Canon Marketing Japan Inc (8060 JT) 0.50%
10. Tokai Tokyo Financial Holdings Inc (8616 JP) 0.49%
Subject to change without notice.

Industry Group Breakdown

Industry Group Breakdown
Industry Group
As of 08/17/2018
1. Capital Goods 18.91%
2. Materials 13.11%
3. Banks 6.86%
4. Automobiles & Components 6.62%
5. Technology Hardware & Equipment 6.41%
6. Retailing 5.95%
7. Consumer Durables & Apparel 5.31%
8. Software & Services 4.49%
9. Food Beverage & Tobacco 3.72%
10. Commercial & Professional Services 3.38%

Country Allocation

Country Allocation
As of 08/17/2018
1. Japan 99.98%
2. Other 0.02%

Important Information about Index Performance

Index performance does not represent actual fund or portfolio performance. A fund or portfolio may differ significantly from the securities included in the Index. Index performance assumes reinvestment of dividends, but does not reflect any management fees, transaction costs or other expenses that would be incurred by a portfolio or fund, or brokerage commissions on transactions in Fund shares. Such fees, expenses and commissions could reduce returns. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

WisdomTree vs. Comparative Cap-weighted Benchmark Performance

Hypothetical Investment of $10,000

Correlation Matrix of Indexes

Index Volatility


  • Index Dividend Yield is a measure of the annual dividends of the shares of all Index components divided by the Index value.
  • Price/Book Ratio is a ratio used to compare a stock's market value to its book value.
  • Price/Earnings Ratio is a valuation ratio of a company's current share price compared to its per-share earnings.
  • Estimated Price/Earnings is a valuation ratio of a company's current share price compared to the consensus estimates for per-share earnings over the next 12 months.
  • Price/Cash Flow Ratio is a measure of the market's expectations of a firm's future financial health.
  • Price/Sales Ratio is a ratio for valuing a stock relative to its own past performance, other companies or the market itself.
  • The S&P 500 Index is a capitalization-weighted index of 500 stocks selected by the Standard & Poors Index Committee designed to represent the performance of the leading industries in the United States economy.
  • The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.
  • The MSCI Japan Index is a subset of the MSCI EAFE Index and measures the performance of the Japanese equity market.
  • The MSCI Japan Small Cap Index measures the performance of small cap stocks in the MSCI Japan Index.
  • Total Return Index Values assume reinvestment of dividends after the deduction of withholding taxes, which apply to non-U.S. dividends.
  • Gross Buyback Yield is the amount of a company’s gross share repurchase over the past year to its market capitalization.
  • Net Buyback Yield is the amount of a company’s net share repurchase over the past year to its market capitalization.
  • You cannot invest directly in an index.