Xtrackers MSCI Japan Hedged Equity ETF (DBJP)
| Assets | $428.00M |
| Expense Ratio | 0.45% |
| PE Ratio | 17.39 |
| Shares Out | 4.75M |
| Dividend (ttm) | $2.64 |
| Dividend Yield | 2.89% |
| Ex-Dividend Date | Jun 20, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 50.17% |
| Volume | 102,891 |
| Open | 91.40 |
| Previous Close | 91.58 |
| Day's Range | 91.10 - 91.71 |
| 52-Week Low | 63.55 |
| 52-Week High | 91.74 |
| Beta | 0.46 |
| Holdings | 193 |
| Inception Date | Jun 9, 2011 |
About DBJP
Fund Home PageThe Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of Japanese stocks. The fund is hedged against Japanese yen (JPY) currency fluctuations. DBJP was launched on Jun 9, 2011 and is issued by Xtrackers.
Top 10 Holdings
120.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Contract - Usd | n/a | 95.23% |
| Toyota Motor Corporation | 7203 | 4.13% |
| Sony Group Corporation | 6758 | 3.74% |
| Mitsubishi UFJ Financial Group, Inc. | 8306 | 3.56% |
| SoftBank Group Corp. | 9984 | 3.18% |
| Hitachi, Ltd. | 6501 | 2.91% |
| Sumitomo Mitsui Financial Group, Inc. | 8316 | 2.06% |
| Mitsubishi Heavy Industries, Ltd. | 7011 | 1.98% |
| Nintendo Co., Ltd. | 7974 | 1.97% |
| Tokyo Electron Limited | 8035 | 1.88% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $2.64201 | Jun 27, 2025 |
| Jun 21, 2024 | $2.11568 | Jun 28, 2024 |
| Dec 15, 2023 | $0.15522 | Dec 22, 2023 |
| Jun 23, 2023 | $3.07911 | Jun 30, 2023 |
| Dec 16, 2022 | $0.01946 | Dec 23, 2022 |
| Jun 24, 2022 | $0.3659 | Jul 1, 2022 |
Performance
DBJP had a total return of 32.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.09%.
News
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
Japan In The Spotlight; Blockchain In AI's Shadow
As the global private equity industry took tentative steps toward recovery in 2024, Japan raced ahead. The value of private equity investment in Japan jumped nearly 41% over the prior-year total in 20...
Japan: Hotter Than Expected Inflation, Output Rebound Should Support The BoJ's Policy Normalization
Today's data were a mixed bag, but the Bank of Japan will pay more attention to the sharp rise in Tokyo's inflation. Tokyo consumer prices rose more than expected to 2.6% YoY (vs 2.2% in July, 2.3% ma...
Third Quarter Economy Signals Sought From Flash PMI Data After Japan GDP Shows Rebound
Japan's economy enjoyed a strong second quarter, according to official data, which corroborates recent robust survey data. Gross domestic product rose 0.8% in the three months to June, according to in...
DBJP: Large Cap ETF Is Export Led, Disadvantaged On Yen Rally
The Yen hedge has not been in holders' favor lately as the currency has rallied. Importantly, the Japanese indices themselves are negatively correlated to the Yen as large cap stocks have large foreig...
BoJ Hikes By 25 Bps And Starts QT: Too Little Too Late, But In Right Direction To Prop Up The Plunging Yen
The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. When QT reaches about ¥3 trillion per month in 2026, it would represent a reduction of its J...
Escape Velocity: Japan's Drift Toward Sustained Inflation
Japan has been struggling for some time to generate enough velocity in inflation to escape the gravitational pull of deflation. The story for the rest of 2024 and into 2025 is now centered on whether ...
What's The Next Step For The Bank of Japan?
In March, the Bank of Japan abolished its 8-year-old negative interest rate policy, hiking rates for the first time in 17 years by raising its benchmark rate to 0-0.1%. To combat inflation while also ...
Mixed Japanese Data Supports BoJ's Policy Normalization
We'd rather downplay the weaker-than-expected manufacturing data and focus on a solid recovery in retail sales and a reacceleration in inflation, which will be welcomed by the Bank of Japan. Inflation...
DBJP: Currency Tailwinds Receding And Valuations Normalizing (Ratings Downgrade)
The Xtrackers MSCI Japan Hedged Equity ETF has outperformed the S&P 500 Index, returning 37% compared to the S&P 500's 26%. The depreciating Yen that has boosted DBJP returns may turn neutral or act a...
Cooler Inflation Ahead Of The Bank of Japan Meeting
Inflation slowed down in March but underlying inflationary pressures are still alive. The BoJ's pause at its next week's meeting is widely expected but markets will pay more attention to the BoJ's qua...
Can Japan's Stock Market Continue Its Record-Setting Run?
Japan's equity benchmark, the Nikkei 225 Index, has been on a tear in 2024, eclipsing its previous high set back in 1989. As of early April, the index is hovering near 40,000. Solid economic growth, a...
The Bank of Japan's New Path Ahead
The Bank of Japan is set to normalise monetary policy when certain conditions are met, namely inflation, positive real cash earnings, and a recovery in domestic demand growth. We expect the window for...
The End Of Japan's Negative Interest Rates: What It Means For Gold
The Bank of Japan's historic move to end the country's negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen. The BoJ announced ...
End Of An Era - Bank of Japan Reverses Negative Interest Rate Policy
Kazuo Ueda becomes Governor of the Bank of Japan, continuing the loose monetary policies implemented by his predecessor. The BOJ raises short rates from -0.1% to 0.1%, becoming the last central bank t...
Flash Insights: Bank of Japan - A 'Watchful' Adjustment
The Bank of Japan raised interest rates for the first time since 2007 and has eliminated the yield curve control framework. According to the central bank, the virtuous cycle between wages and prices w...
DBJP: The Yen Can't Get Cheaper
Xtrackers MSCI Japan Hedged Equity ETF is a Yen-hedged value-weighted ETF following the most representative possible index of the Japanese market. The Yen hedge is not very helpful anymore. While we a...
Flash PMI Signal Cooling Inflation And Stagnating Private Sector Activity In Japan
Japan's private sector activity broadly stagnated in February according to flash PMI data, attributed to a combination of slowing services activity growth and an acceleration in manufacturing output c...
Bank of Japan Opens The Door To Ending Negative Rates, But Timing Uncertainty Remains
The Bank of Japan stood pat on monetary policy today as widely expected. But the market is now paying attention to a more positive tone on the wage and inflation outlook, as well as an upgrade to the ...
DBJP: You Want The Yen Now
The Yen is undervalued, and the Fed pivot supports its revaluation according to our macroeconomic prognosis. Concerns about economic uncertainty in the US will lead to a convergence of rates and a Yen...
DBJP: A Riskier Outlook For The Hedged Japan Playbook
Going long Japanese equities and short the yen has proven to be a winning trade. There's a new regime in place, however, and the winds may not be as favorable to a hedged Japan equity strategy over th...
Japan Flash PMI Eases To 50.0 To Signal Stalling Private Sector Activity In November
Japan's private sector growth ground to a halt in November according to the latest flash PMI data, which is based on about 85%-90% of total PMI survey responses each month. This was mainly attributed ...
Declining PPIs Perpetuate Japan's TINA Trade
Things were looking tough for the BoJ as recently as this summer, when the country's core CPI bolted north of 4%, far beyond the 2% inflation target that major central banks view as ideal. The Bank of...
Japan's Flash PMI Points To Stalling Private Sector Economy At Start Of Fourth Quarter
October's flash PMI data revealed that Japan's private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufac...
Asia Continues To Fuel Global Growth, But Economic Momentum Is Slowing
The region is likely to see faster disinflation, but prospects for growth in coming years are dimming. Strong consumer spending has supported growth in Asia's three largest economies this year, but th...
China Could Derail Japan's Fragile Recovery
The IMF, the World Bank, and the United Nations all rank China and Japan as the second and third largest economies on the planet. More of what is occurring in the markets should reflect what is happen...
DBJP: Dominated By FLJH And Other Currency-Hedged Alternatives
DBJP is dominated by other Japan ETFs with lower expense ratios and the same allocations. The sector allocations of DBJP, particularly financials and consumer discretionary, are good exposures due to ...
Mixed Signals For Earnings And Spending In Japan, But The BoJ Is Likely To Move On
It is disappointing that labour cash earnings were weaker than expected in Japan, but consumption held up relatively well. Meanwhile, due to the recent spike in market rates and high inflation, the Ba...
Japan's Growth Momentum And Inflation Pressures Ease In September
Japan's private sector economy continued to grow in September, extending the sequence of expansion that commenced at the start of 2023. Slower service sector growth, attributed in part to a renewed de...
The Sun Shines On Japanese Stocks, Anticipating Key Events To Finish The First Half
Japan's Nikkei 225 eclipsed 33,000 for the first time in 33 years, and the significant rally has attracted major investor interest. Global portfolio managers are increasingly bullish on Japan, and the...
Japan June Flash PMI Data Signal Solid Expansion At End Of Q2 2023 Despite Moderation In Growth Momentum
Despite a slowdown in growth momentum from May, as signalled by the latest June flash PMI data for Japan, a solid quarter of growth is expected for Q2 2023. This may well exceed the strong official GD...
DBJP: Buy On Pullbacks
The DBJP ETF provides currency hedged exposure to Japanese equities. Japanese equities are cheap relative to the rest of the world, trading at 13.4x Fwd P/E compared to 16.5x for MSCI World.
