The USD hedged Japan funds have benefitted from exceptional weakening Yen (strengthening US dollar)
For comparison with unhedged funds, check the full Japan ETFs list (15 funds) - highlighting the contribution of the currency hedge in this selection of ETFs
Reversal of the lax monetary policy of the Central Bank of Japan would impact the performance of the hedged Japan funds over time in two ways
- Exports absorbing the cost of a higher Yen will become less profitable
- The favorable hedge effect could turn negative
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