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ETFs

Xtrackers MSCI Japan Hedged Equity ETF

DBJP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 09 2011
Expense Ratio
0.46%
Type
Global Ex. US Equities
Fund Owner
DWS
Volume (1m avg. daily)
$810,958
AUM
$293,138,884
Associated Index
MSCI Japan US Dollar Hedged Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

7203
Toyota Motor Corporation
5.61%
6758
Sony Group Corporation
2.92%
8306
Mitsubishi UFJ Financial Group, Inc.
2.88%
6861
Keyence Corporation
2.06%
8316
Sumitomo Mitsui Financial Group Inc
1.88%
8035
Tokyo Electron Ltd
1.83%
6501
Hitachi Ltd.
1.74%
8058
Mitsubishi Corporation
1.62%
4063
Shin-Etsu Chemical Co. Ltd.
1.57%
7267
Honda Motor
1.54%
Invest with DBJP

What is DBJP?

The Xtrackers MSCI Japan Hedged Equity ETF (DBJP) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Japan US Dollar Hedged Index. The index is designed to provide exposure to Japanese equity markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and Japanese yen.

ETFs related toDBJP

ETFs correlated to DBJP include HEWJ, DXJ, DBEF

DBJP
DBX ETF Trust - Xtrackers MSCI Japan Hedged Equity ETF
HEWJ
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI Japan ETF
DXJ
WisdomTree Trust - WisdomTree Japan Hedged Equity Fund
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI EAFE ETF
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
BBJP
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Japan ETF
FLJP
Franklin Templeton ETF Trust - Franklin FTSE Japan ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDBJP

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DBJP using Composer

FAQ

DBJP is a Global Ex. US Equities ETF. The Xtrackers MSCI Japan Hedged Equity ETF (DBJP) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Japan US Dollar Hedged Index. The index is designed to provide exposure to Japanese equity markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and Japanese yen.

DBJP tracks the MSCI Japan US Dollar Hedged Index.

No, DBJP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DBJP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DBJP is 0.0596%. This is the percent change in the value of DBJP over the most recent 1-month period. The 3-month return on DBJP is 0.0627%. This is the percent change in the value of DBJP over the most recent 3-month period.

The standard deviation of DBJP for the past year is 0.1685%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DBJP include EWZ, EWW, and EWT.

ETFs correlated to DBJP include HEWJ, DXJ, and DBEF.

ETFs that are inversely correlated to DBJP include EFZ, FAZ, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.