DBJP
Xtrackers MSCI Japan Hedged Equity ETF

Price: $49.44
Change: $0.28 (0.01%)
Category: Japan Equities
Last Updated:

Vitals

Issuer Deutsche Bank
Brand Xtrackers
Structure ETF
Expense Ratio 0.46%
ETF Home Page Home page
Inception Jun 09, 2011

Analyst Report

This ETF offers exposure to large cap Japanese stocks, making DBJP one of several ETFs for establishing targeted exposure to one of the world’s largest economies. This product is unique from many ETFs in the Japan Equities ETFdb Category in that DBJP hedges out the currency exposure that an investment in international equities brings. This essentially delivers isolated exposure to the performance of the underlying equities in local prices. The impact of currency appreciation or depreciation can be significant in many cases, especially considering the sometimes meaningful swings in the JPY/USD exchange rate. Though EWJ and DBJP maintain substantially identical portfolios, the risk/return profiles of these ETFs may vary significantly.


Investors who expect the U.S. dollar to appreciate relative to the yen might prefer this fund as a way to bet on the performance of Japanese stocks; DBJP should outperform EWJ when the U.S. currency strengthens. Those expecting the dollar to lose value relative to its Japanese rival will probably prefer to leave currency exposure unhedged, utilizing a fund such as EWJ instead. Those investors without a strong view in either direction might use a mix of both hedged and unhedged Japan equity ETFs (e.g., 50% DBJP and 50% EWJ).


Given the relatively narrow country-specific focus of this ETF, DBJP may be most useful to those looking to establish a tactical tilt towards Japan or implementing a country rotation strategy. The more broad-based DBEF includes exposure to Japanese stocks as well as other ex-U.S. international equities, as do a handful of other EAFE ETFs. Those looking for exposure to Japanese stocks that steers clear of currency risk also have DXJ to consider; that WisdomTree ETF employs a similar strategy to eliminate the impact of exchange rate fluctuations, and is linked to a dividend-weighted index that will impact the shape of the underlying portfolio.

ETF Database Themes

Category Japan Equities
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Asia Pacific
Region (Specific) Japan

FactSet Classifications

  • Segment Equity: Japan - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Currency Hedged Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $42.93
  • 52 Week Hi $52.53
  • AUM $198.5 M
  • Shares 4.0 M

Historical Trading Data

  • 1 Month Avg. Volume 15,114
  • 3 Month Avg. Volume 11,929

Alternative ETFs in the ETF Database Japan Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLJP 0.09% $756.0 M 190,255 -0.23%
Largest (AUM) EWJ 0.51% $12.4 B 8 M 0.12%
Most Liquid (Volume) EWJ 0.51% $12.4 B 8 M 0.12%
Top YTD Performer DXJ 0.48% $1.9 B 383,895 13.00%

Alternative ETFs in the FactSet Equity: Japan - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest JPN 0.09% $18.1 M 6,083 -0.54%
Largest (AUM) EWJ 0.51% $12.4 B 8 M 0.12%
Most Liquid (Volume) EWJ 0.51% $12.4 B 8 M 0.12%
Top YTD Performer DXJ 0.48% $1.9 B 383,895 13.00%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBJP ETF Database Category Average FactSet Segment Average
Number of Holdings 276 369 290
% of Assets in Top 10 24.42% 27.97% 32.79%
% of Assets in Top 15 31.07% 32.86% 38.01%
% of Assets in Top 50 58.70% 54.83% 61.23%

Size Comparison

DBJP ETF Database Category Average FactSet Segment Average
Large (>12.9B) 77.48% 56.00% 67.22%
Mid (>2.7B) 22.52% 29.25% 30.84%
Small (>600M) 0.00% 12.17% 1.85%
Micro (<600M) 0.00% 2.58% 0.10%

DBJP Valuation

This section compares the P/E ratio of this ETF to its peers.

DBJP
P/E Ratio
17.28
ETF Database Category Average
P/E Ratio
15.40
FactSet Segment Average
P/E Ratio
16.23

DBJP Dividend

This section compares the dividend yield of this ETF to its peers.

DBJP ETF Database Category Average FactSet Segment Average
Dividend $ 1.15 $ 0.41 $ 0.46
Dividend Date 2021-06-25 N/A N/A
Annual Dividend Rate $ 1.16 $ 0.73 $ 0.66
Annual Dividend Yield 2.29% 1.49% 1.40%

DBJP Price and Volume Charts

View charts featuring DBJP price and volume data.

DBJP Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -4.76 M 1 Year Net Flows: -32.94 M 3 Year Net Flows: -786.29 M 5 Year Net Flows: -1.91 B 10 Year Net Flows: 13.92 M

DBJP Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBJP 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 ETF Database Pro members, shows the ETF in the Japan Equities 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBJP Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DBJP
Expense Ratio
0.46%
ETF Database Category Average
Expense Ratio
0.38%
FactSet Segment Average
Expense Ratio
0.35%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.76/10
ESG Score
59.8%
Global Percentile
74.25%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      9.48%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      74.89
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      9.48%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      7.03%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

DBJP Performance

This section shows how this ETF has performed relative to its peers.

DBJP ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.81% -3.12% -2.43%
3 Month Return 2.25% -1.63% -0.60%
YTD Return 10.51% 3.05% 3.61%
1 Year Return 12.43% 4.91% 5.54%
3 Year Return 31.29% 19.45% 23.57%
5 Year Return 57.46% 29.62% 31.46%

Geographic Exposure

The following charts reflect the geographic spread of DBJP's underlying holdings.

Region Percentage
Asia Pacific 95.16%
Other 4.41%
North, Central and South America 0.41%
Country Percentage
Japan 95.49%
Other 4.47%
United States 0.02%

Holdings Analysis

The following charts reflect the allocation of DBJP's underlying holdings.

Sector Percentage
Consumer Durables 16.77%
Electronic Technology 11.8%
Finance 11.6%
Producer Manufacturing 11.08%
Health Technology 8.87%
Technology Services 6.41%
Consumer Non-Durables 4.78%
Communications 4.72%
Process Industries 3.72%
Distribution Services 3.71%
Retail Trade 3.57%
Transportation 2.78%
Other 2.61%
CASH 1.8%
Commercial Services 1.73%
Consumer Services 1.32%
Utilities 0.86%
Non-Energy Minerals 0.69%
Energy Minerals 0.62%
Industrial Services 0.46%
Miscellaneous 0.08%
Market Cap Percentage
Large 77.48%
Mid 22.52%
Micro 0.0%
Small 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 95.16%
Other 2.61%
CASH 1.8%
American Depositary Receipt 0.33%
Open-ended Fund 0.06%
Exchange Traded Fund (ETF-ETF) 0.02%
Sector Percentage
Consumer Durables 16.77%
Electronic Technology 11.8%
Finance 11.6%
Producer Manufacturing 11.08%
Health Technology 8.87%
Technology Services 6.41%
Consumer Non-Durables 4.78%
Communications 4.72%
Process Industries 3.72%
Distribution Services 3.71%
Retail Trade 3.57%
Transportation 2.78%
Other 2.61%
CASH 1.8%
Commercial Services 1.73%
Consumer Services 1.32%
Utilities 0.86%
Non-Energy Minerals 0.69%
Energy Minerals 0.62%
Industrial Services 0.46%
Miscellaneous 0.08%

DBJP Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
96.69%
Rank
6 of 17

20 Day Volatility
18.46%
Rank
6 of 17

50 Day Volatility
17.65%
Rank
6 of 17

200 Day Volatility
16.58%
Rank
7 of 17

Beta
0.67
Rank
5 of 17

Standard Deviation
2.13%
Rank
6 of 17

Technicals

  • 20 Day MA $51.19
  • 60 Day MA $50.96
  • MACD 15 Period -1.68
  • MACD 100 Period -0.43
  • Williams % Range 10 Day 84.93
  • Williams % Range 20 Day 84.93
  • RSI 10 Day 32
  • RSI 20 Day 41
  • RSI 30 Day 45
  • Ultimate Oscillator 35

Bollinger Bands

  • Lower Bollinger (10 Day) $49.33
  • Upper Bollinger (10 Day) $52.91
  • Lower Bollinger (20 Day) $49.85
  • Upper Bollinger (20 Day) $52.51
  • Lower Bollinger (30 Day) $49.63
  • Upper Bollinger (30 Day) $52.28

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $49.09
  • Resistance Level 1 n/a
  • Resistance Level 2 $49.79

Stochastic

  • Stochastic Oscillator %D (1 Day) 56.14
  • Stochastic Oscillator %D (5 Day) 29.58
  • Stochastic Oscillator %K (1 Day) 63.31
  • Stochastic Oscillator %K (5 Day) 43.93

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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