Japan USD-Hedged ETFs (Investable Market)

Japan USD-Hedged ETFs (Investable Market)
  • Pininvest Analysis

It is intriguing to notice that the USD hedged Japan funds are distributed over a fairly wide range of volatilities while the unhedged funds – in our dedicated theme – remain noticeably clustered within a much smaller range

We have no way to explain the difference, except by assuming that distinct hedging strategies are at play, in combination with specific bets on market sectors. No definite conclusion should be drawn, except monitoring the issue moving forward


Reminder – the Franklin FTSE Japan ETF FLJH/NYSEARCA lacks a full-year track record (introduced in Nov’ 17)

 

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Japan USD-Hedged ETFs (Investable Market) • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Vol. Risk Contrib. MDD
 
iShares Adaptive Currency Hedged MSCI Japan ETF DEWJ BATS Japan InvestableMkt Hedged USD 25.74 3.9 M -5.4% 13%   8% -12%
Deutsche X-trackers MSCI Japan Hedged Equity ETF DBJP NYSEARCA Japan InvestableMkt Hedged USD 42.10 304 M 8.8% 17%   15% -15%
Franklin FTSE Japan Hedged ETF FLJH NYSEARCA Asia-Pacific Japan USD 25.18 5.1 M 8.8% 19%   15% -18%
IQ 50 Percent Hedged FTSE Japan ETF HFXJ NYSEARCA Japan InvestableMkt Hedged USD 21.62 5.5 M 9.4% 15%   13% -13%
iShares Currency Hedged MSCI Japan ETF HEWJ NYSEARCA Japan InvestableMkt Hedged USD 32.94 374 M 8.9% 17%   16% -15%
WisdomTree Japan Hedged Equity Fund DXJ NYSEARCA Japan InvestableMkt Hedged USD 53.76 2.7 B 5.9% 18%   16% -16%
WisdomTree Japan Hedged SmallCap Equity Fund DXJS NASDAQ Japan InvestableMkt Hedged USD 42.38 60 M 5.5% 19%   16% -18%