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Sunday, August 23, 2026The Morning Brief →Sign in

WisdomTree Japan Hedged Equity Fund

$177.54+1.10% today
12418352-WK

Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. The fund is non-diversified.

Price & daily flows
170.1153.5136.9177.54DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +22.4% so far this year. At 0.48% a year it is not the cheapest way in — EFRA runs the same ground at 0.47%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$4.2Bassets under management
0.48%expense ratio · $48 per $10,000 a year
net flow, trailing month
280Kavg daily volume, 30 days
20holdings · US-domiciled
2006listed June 15, 2006 · beta 0.84
Sector weights
Industrials25.69%
Consumer Discretionary24.78%
Producer Manufacturing18.78%
Financials17.26%
Financial Services16.93%
Consumer Cyclical16.56%
Consumer Durables15.77%
Finance15.72%
Information Technology10.76%
Technology10.43%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.5%
1 month+1.2%
3 months+4.7%
6 months+7.1%
YTD+22.4%
1 year+40.4%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
18%realized volatility, 30 days (annualized)
18%realized volatility, 1 year
-11.0%deepest fall from a peak, 1 year
-2.8%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
17calls today
7puts today
0.41put/call ratio
123Kshares traded
The case against DXJ

Due diligence cuts both ways. These funds sit on the same shelf and beat DXJ on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-44bp on fee · 8× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-41bp on fee · 47× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-39bp on fee · 39× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-41bp on fee · 3× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-41bp on fee · 11× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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