This ETN delivers a way for investors to bet on the performance of the Japanese yen relative to the U.S. dollar. While JYN may not offer the type of volatility short-term traders seek, it can be potentially useful for hedging existing currency exposure or for betting on a longer-term appreciation. Moreover, JYN may have appeal as a safe haven in environments where the dollar is under pressure. A couple structural elements of JYN are noteworthy. As an ETN, this product is exposed to credit risk, and may also be subject to unique tax treatment. A major attraction is the fact that performance is linked directly to the exchange rate, removing any nuances associated with forward contracts or other instruments and making this ETN a "pure play" on the JPY/USD exchange rate.
The adjacent table gives investors an individual Realtime Rating for JYN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Currency with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 13 other ETFs in the Currency ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of JYN relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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