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iShares MSCI Japan USD Hedged UCITS ETF (Acc) tracks the issuer-declared index: MSCI Japan 100% Hedged to USD Index (Net). Mind the share class: this is the version hedged to USD — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.64%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is accumulated and reinvested in the fund. The fund has assets of about 547 million euro, was launched on 30 September 2013 and is domiciled in Ireland.
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return on the MSCI Japan 100% Hedged to USD Net TR Index, the Fund’s benchmark index (Index). The Index measures the performance of the MSCI Japan TR Index which is designed to measure the performance of large and mid capitalisation equity securities (e.g. shares) listed in Japan which comply with MSCI's size, liquidity, and free-float criteria. The Index is free float – adjusted market capitalisation weighted. Free float means that only shares available to international investors rather than all of a company’s issued shares are used in calculating the Index. Free float market capitalisation is the share price of a company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Index also uses one month foreign exchange (FX) forward contracts to hedge Japanese Yen back to US Dollar. Hedging reduces the effect of fluctuations in the exchange rates between the currencies of the equity securities that make up the Index and US Dollar, the base currency of the Fund. The Fund is passively managed and aims to invest in equity securities that, so far as possible and practicable, make up the MSCI Japan TR Index, as well as FX forward contracts that, so far as possible and practicable, track the hedging methodology of the Index. The FX forward contracts hedge each foreign currency in the Index back to the Fund’s base currency. This is based on the MSCI Hedged Indices methodology. The Fund uses optimising techniques to achieve a similar return to its Index. These techniques may include the strategic selection of certain securities that make up the Index or other securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs (including FX forward contracts) may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.
Keep reading the KID section ▾
Your shares will be accumulating shares (i.e. income will be included in their value). The Fund’s base currency is US Dollar. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 01 Jun 2015 | 12 Feb 2016 | -30.41% | 06 Oct 2017 | 858 |
| 23 Jan 2018 | 16 Mar 2020 | -29.30% | 11 Nov 2020 | 1,023 |
| 11 Jul 2024 | 05 Aug 2024 | -26.16% | 27 Jun 2025 | 351 |
| 14 Sept 2021 | 09 Mar 2022 | -16.27% | 03 Mar 2023 | 535 |
| 08 Jan 2014 | 14 Apr 2014 | -13.15% | 11 Sept 2014 | 246 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.2 | 10.0 | -10.4 | 7.8 | 6.7 | 1.9 | -0.8 | 3.8 | -2.1 | 22.5 | |||
| 2025 | 0.3 | -3.8 | -0.3 | 0.5 | 5.5 | 2.1 | 2.9 | 4.8 | 3.3 | 7.8 | 0.8 | 1.3 | 27.7 |
| 2024 | 8.5 | 5.7 | 4.0 | -0.1 | 1.6 | 1.9 | -0.6 | -2.5 | -2.0 | 2.9 | -0.5 | 4.6 | 25.6 |
| 2023 | 5.0 | 1.1 | 1.9 | 3.0 | 4.7 | 8.0 | 1.7 | 0.4 | 0.7 | -2.6 | 6.5 | 0.0 | 34.5 |
| 2022 | -5.1 | -1.2 | 4.6 | -2.3 | 0.9 | -2.5 | 4.1 | 1.2 | -5.9 | 5.8 | 3.6 | -5.1 | -2.7 |
| 2021 | 0.4 | 3.2 | 4.7 | -2.6 | 1.6 | 1.1 | -2.4 | 3.1 | 4.2 | -1.2 | -2.9 | 3.4 | 12.9 |
| 2020 | -1.5 | -9.5 | -7.0 | 4.5 | 6.7 | 0.1 | -3.6 | 7.9 | 0.4 | -2.5 | 12.2 | 3.1 | 9.0 |
| 2019 | 5.4 | 2.4 | 0.1 | 2.1 | -6.3 | 3.1 | 1.1 | -3.1 | 5.9 | 5.1 | 1.9 | 1.5 | 20.4 |
| 2018 | 1.5 | -3.7 | -3.0 | 4.4 | -1.6 | -0.4 | 1.6 | -0.5 | 5.5 | -9.0 | 1.2 | -9.9 | -14.2 |
| 2017 | 0.2 | 0.5 | -0.7 | 1.2 | 2.3 | 2.7 | 0.4 | -0.3 | 4.2 | 5.6 | 1.6 | 1.5 | 20.7 |
| 2016 | -7.6 | -9.7 | 4.3 | -0.4 | 2.4 | -10.3 | 6.4 | 1.4 | -0.4 | 5.1 | 5.5 | 3.4 | -1.9 |
| 2015 | 0.2 | 7.8 | 1.9 | 3.3 | 4.9 | -3.1 | 1.7 | -8.1 | -8.0 | 10.8 | 1.1 | -2.1 | 8.9 |
| 2014 | -6.9 | -0.5 | -0.4 | -3.4 | 3.5 | 4.8 | 2.0 | -1.2 | 4.5 | 0.8 | 5.3 | -0.4 | 7.7 |
| 2013 | -0.0 | 5.6 | 3.4 | 9.1 |
| Year | Fund | Index | Difference |
|---|---|---|---|
| 2025 | +27.66% | +28.55% | -0.89% |
| 2024 | +25.60% | +26.66% | -1.06% |
| 2023 | +34.48% | +35.74% | -1.26% |
| 2022 | -2.69% | -2.00% | -0.69% |
| 2021 | +12.85% | +13.60% | -0.75% |
| 2020 | +8.96% | +9.74% | -0.78% |
| 2019 | +20.41% | +21.35% | -0.94% |
| 2018 | -14.14% | -13.61% | -0.54% |
| 2017 | +20.68% | +21.53% | -0.85% |
| 2016 | -1.95% | -1.22% | -0.72% |
| Last year | Last 3 years | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 21.35% | 24.12% | 21.42% | 19.62% | 21.04% |
| Max drawdown | -9.59% | -26.91% | -26.91% | -29.66% | -32.59% |
| Sharpe | 1.50 | 0.86 | 0.86 | 0.78 | 0.70 |
| Sortino | 2.22 | 1.19 | 1.22 | 1.11 | 0.99 |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE00BCLWRG39IS30(class: USD (Acc))Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | IS30 | 7 Sept 2017 |
| Börse Hamburg | IS30 | 1 Aug 2016 |
| Börse Hannover | IS30 | 9 Dec 2024 |
| Börse München / gettex | IS30 | 16 Sept 2021 |
| Tradegate Exchange | IS30 | 2 Jul 2024 |