Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Xtrackers MSCI Japan Hedged Equity ETF
$117.26−0.49 (−0.42%)
- 0.45%
- $727M
- +39.8%
- 1.20%
- 0M sh
- $117.21
- low $86.03high $120.45
The ETF.net DBJP Grade
B
Score 63 out of 100
- 9 of 18
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 5 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 6 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 10 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 12 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 9 of 18
Our read on DBJP
BA yen hedge wrapped around the whole Japanese market. DBJP holds a standard MSCI Japan basket of roughly 170 large and mid-cap names and hedges the yen back to dollars, so the currency stops driving the result.
The Fund passively seeks to track an index representing the Japanese equity market while reducing exposure to movements between the Japanese yen and U.S. dollar.
Why people hold it
- The hedge is written into the benchmark, not left to a manager's currency call: the fund tracks the MSCI Japan US Dollar Hedged Index and aims to strip out yen versus dollar moves by rule.
- Costs 0.45% a year, below the median for Japan funds. Not the cheapest shelf in the aisle, but you are not paying a premium for the hedging plumbing.
- Trading since 2011, which makes it one of the longer-running yen-hedged Japan funds and gives it a record across several very different chapters for the yen.
- Broad, not boutique: roughly 170 Japanese stocks rather than a handful of exporters, so the portfolio reads as the market itself with the currency taken out.
Worth knowing
- The hedge cuts both ways. When the yen strengthens against the dollar, you give up the tailwind an unhedged Japan fund would pick up.
- Cheaper hedged competition exists. Franklin's FLJH runs the same basic idea at 0.09%, a wide gap against DBJP's 0.45% over long holding periods.
- Thinly traded next to the category's heavyweights, so bid-ask spreads and order size matter more here than with the largest Japan ETFs.
DBJP Holdings
- Stocks
- 169
- 30%
- 8306.T
Sectors
- Technology24.9%
- Industrials22.7%
- Financials18.7%
- Consumer Discretionary10.9%
- Communication7.9%
- Health Care5.2%
- Consumer Staples3.2%
- Materials3.1%
- Real Estate1.7%
- Utilities0.9%
- Energy0.9%
Geography
- Japan99.96%
- United States0.04%
Developed 100% · Emerging 0%
DBJP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DBJP$13,982
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DBJP |
|---|---|
| Year to date | +25.9% |
| 1 month | +2.9% |
| 3 months | +1.9% |
| 1 year | +39.8% |
| 3 years | +28.1% |
| 5 years | +22.1% |
| 10 years | +16.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DBJP |
|---|---|---|
| 2026 YTD | +25.9% | |
| 2025 | +29.6% | |
| 2024 | +25.5% | |
| 2023 | +36.3% | |
| 2022 | −4.2% | |
| 2021 | +13.0% | |
| 2020 | +10.6% |
DBJP in the news
DBJP Dividends
- 1.20%
- $1.42
- $1.40 per share
- Twice a year
Distribution history
DBJP Risk
- 12.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DBJP Cost
0.45%
DBJP0.45%
- The middle half of Japan funds
- Median 0.54%
4 of the 18 Japan funds charge less.
Other funds in Japan
- BGSJYGoldman Sachs ActiveBeta Japan Equity ETFExpense ratio 0.25%1 year return +30.7%
- BDFJWisdomTree Japan SmallCap Dividend FundExpense ratio 0.58%1 year return +32.4%
- BDXJWisdomTree Japan Hedged Equity FundExpense ratio 0.48%1 year return +43.2%
- BOPPJWisdomTree Japan Opportunities FundExpense ratio 0.58%1 year return +44.6%
- CMJSCMUFG Japan Small Cap Active ETFExpense ratio 0.75%1 year return +33.7%