Yesterday, some analyst (I think it was Gerard Cassidy of RBC Capital Markets) on Bloomberg radio (Inside Surveillance) made a compelling case for COBZ (as well as for banks, in general). The analyst said that we can expect banks to steadily increase dividend payouts, and he singled out COBZ as among his favorites. So, I got in yesterday at $11:03.
In its last semi-annual report, Wisdom Tree compares the performance of its DXJ Fund with the MSCI Japan Local Currency Index. Even here, the average annual return of the DXJ lagged the index. As of 9/30/13, the one year performance of the Fund was 53.46% while the MSCI Japan Local Currency Index was 65.85%.
At the beginning of 2013, the Nikkei 225 was at about 10700 and now it's about 16100. That'a gain of ~51%. DXJ, on the other hand, started the year at 38 and nows it's 50, for a gain of ~31%. That's quite a difference. Note, however, that the Yahoo website published a YTD return of 38% and a 1-year return of 52% for DXJ.