Updated - May 14, 2026
The Japan-themed funds available to the US investor present a range of performance/volatility profiles and factor-weightings (volatility, beta or multi-factors)
Hedged ETFs invested in Japanese equity - iShares Currency Hedged MSCI Japan ETF, WisdomTree Japan Hedged Equity Fund, Xtrackers MSCI Japan Hedged Equity ETF and Franklin FTSE Japan Hedged ETF - continue to outperform
WisdomTree Japan Hedged Equity Fund stands out with a favorable performance / risk (volatility) profile
Check my reports for further information
- Indispensable Yen (Dec. 2025)
- Central Banks and the yen carry-trade (Feb. 2026)
- Financial Challenges (May 2026)
To evaluate trends over short timeframes, rank the funds of the theme by momentum, computed by comparing the one-week average (5 days) to the monthly average
With your preferred timeframe - from menu at top right - check performance and volatility (risk) over different periods
Invesco CurrencyShares® Japanese Yen Trust
For futher reference, our dedicated theme lists the wide range of performances of more than 200 US-listed Japanese companies
The two Proshares Inverse ETFs may contribute to a hedge of long positions in Japanese equity or funds