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Xtrackers Msci Japan Screened UCITS ETF 3c Eur HedgedIndex, costs, backtest, listings and taxation

ISIN: IE00BRB36B93Issuer: XtrackersCurrency hedging: EUR-hedged share class
Issuer-declared data
Declared index
MSCI Japan Select Screened Index (JPY)
TER
0.25%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
452.2 mln EUR
Domicile
Ireland
Inception date
31 March 2015
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged tracks the issuer-declared index: MSCI Japan Select Screened Index (JPY). Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.25%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 452 million euro, was launched on 31 March 2015 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to track the performance of the MSCI Japan Select Screened Index (index), while seeking to minimise foreign currency fluctuations at share class level.

DESCRIPTION OF INDEX:The index is based on the MSCI Japan Index (Parent Index), which is designed to reflect the performance of the shares of large and medium capitalisation companies in Japan.

Keep reading the KID section ▾

In order to be eligible for inclusion in the index, companies must be eligible for inclusion in the Parent Index and must meet certain ESG screening criteria. The index is administered by MSCI Limited. ESG CRITERIA: Securities which breach certain ESG standards, as disclosed in the prospectus and/or supplement, are excluded. The index also includes a carbon emission reduction rule, whereby if having applied the above exclusions, the Greenhouse Gas (“GHG”) intensity of the index has been insufficiently reduced compared to the Parent Index, constituents are excluded by descending order of GHG intensity until a relevant reduction threshold is achieved. The remaining securities are then weighted by their free-float adjusted market capitalisation and are also subject to certain sector weight adjustments.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by MSCI Limited. The index is calculated on a total return net basis, which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed and rebalanced on a quarterly basis. The index is calculated in Japanese Yen on a daily basis.

INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund's assets and the currency of your shares.The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives). The fund may also engage in secured lending of its investments to certain eligible third parties subject to certain ESG criteria to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is JPY. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.25%: above the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Feb 2015 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+186.5%
Annualised
+9.5%
Volatility (ann.)
19.7%
Max drawdown
-33.75%
-31%+28%+87%+146%+205%Feb 2015Mar 2018Jan 2021Nov 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+186%Feb 2015Sept 2026
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%201520172019202120232025−33.75% · 16 Mar 2020
Max drawdown
-33.75%
peak → trough
Trough
16 Mar 2020
from the 23 Jan 2018 peak
Recovery time
298 days
recovery only: trough to break-even · ≈ 10 months
Underwater
1,081 days
decline + recovery: peak to break-even · ≈ 2 years and 12 months · → recovered on 08 Jan 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
23 Jan 201816 Mar 2020-33.75%08 Jan 20211,081
10 Aug 201512 Feb 2016-29.30%13 Oct 2017795
11 Jul 202405 Aug 2024-26.04%23 Jul 2025377
14 Sept 202108 Mar 2022-17.68%09 May 2023602
27 Feb 202623 Mar 2026-11.57%12 May 202674

Calendar-year returns

2016
-2.6%
2017
19.4%
2018
-17.4%
2019
17.6%
2020
6.7%
2021
11.1%
2022
-5.5%
2023
31.6%
2024
22.9%
2025
24.7%
2026
20.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.69.5-10.77.56.82.2-1.03.9-2.020.9
20250.4-3.6-0.90.55.11.72.84.33.07.60.71.124.7
20248.65.73.8-0.41.42.0-0.7-3.2-2.22.6-0.84.922.9
20234.90.91.82.94.77.81.50.10.4-2.76.1-0.131.6
2022-5.2-1.14.5-2.80.8-2.94.11.0-6.35.72.9-5.2-5.5
20210.42.95.1-3.03.0-0.6-2.73.54.2-1.5-3.23.111.1
2020-2.0-10.1-6.94.47.0-0.2-3.97.11.6-2.912.12.46.7
20195.22.40.11.5-6.52.80.7-3.16.04.91.81.417.6
20180.9-4.1-2.74.2-1.8-0.81.2-1.25.5-9.61.1-10.1-17.4
20170.20.8-0.91.22.02.70.2-0.53.85.71.51.419.4
2016-7.4-9.34.2-0.42.7-10.35.50.7-0.35.35.33.3-2.6
2015-7.12.84.7-2.71.6-6.9-9.010.91.7-1.9-7.2
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

We do not publish a tracking difference for this share class — and it is not an oversight.

this share class is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)21.45%22.67%20.35%18.50%19.84%
Max drawdown-11.57%-26.04%-26.04%-33.75%-33.75%
Sharpe1.340.900.760.720.51
Sortino1.991.281.071.030.72
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
155
Top-10 weight
31.7%

Top 10 holdings

MITSUBISHI UFJ FINANCIAL GROUP
4.84%
TOYOTA MOTOR
3.87%
SUMITOMO MITSUI FINANCIAL GROUP
3.12%
HITACHI
3.08%
ADVANTEST
2.99%
TOKYO ELECTRON
2.99%
SONY GROUP
2.96%
RECRUIT HOLDINGS LTD
2.92%
MIZUHO FINANCIAL GROUP
2.47%
SOFTBANK GROUP
2.46%

Sectors

Industrials
24.1%
Financials
20.0%
Information Technology
18.8%
Consumer Discretionary
14.1%
Communication Services
7.2%
Health Care
5.8%
Materials
4.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapan: 100%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Japan100%
Download the full portfolio — Excel, 155 rows
Full portfolio declared by Xtrackers, as of 2 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers · 2 classes
0.15%Acc. · Dist.452 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Where it shows up commission-free in Italy

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:

IE00BRB36B93
  • Directazero within the savings plan (buys)
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • Moneyfarmzero within the savings plan (buys), agreement until 22 May 2027
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 10 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.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)XDNE25 Feb 2022
Börse DüsseldorfXDNE11 Nov 2015
Börse FrankfurtXDNE17 Apr 2015
Börse HamburgXDNE1 Aug 2016
Börse HannoverXDNE9 Dec 2024
Börse München / gettexXDNE28 Nov 2017
Börse StuttgartXDNE17 Apr 2015
Tradegate ExchangeXDNE29 Jun 2015
Xetra (Deutsche Börse)XDNE17 Apr 2015
+ 15 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged track?
The issuer Xtrackers declares the benchmark: MSCI Japan Select Screened Index (JPY).
How much does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.01%.
What is the fund size of Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged?
The fund size declared by Xtrackers is about 452 million euro.
When was Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged launched?
The fund was launched on 31 March 2015: it has 11 years of history.
How does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XDNE), Börse Düsseldorf (XDNE), Börse Frankfurt (XDNE), Börse Hamburg (XDNE), Börse Hannover (XDNE), Börse München / gettex (XDNE).
What was Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged's worst fall?
Over the available history (since 2015), the maximum drawdown was -33.75%, reached in March 2020. Past performance is not indicative of future results.
How many securities does Xtrackers Msci Japan Screened UCITS ETF 3c Eur Hedged hold?
The declared portfolio holds 155 securities; the top 10 positions weigh 31.7%.
Transparency note
The data in this sheet is declared by Xtrackers in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.