##  [# Daily ETF Watch: ‘HEDJ’ Now Top Hedge](/sections/daily-etf-watch/daily-etf-watch-hedj-now-top-hedge) 

 

# Daily ETF Watch: ‘HEDJ’ Now Top Hedge

 

 

WisdomTree’s currency-hedged Europe ETF edges out the company’s Japan-focused currency-hedged blockbuster.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Mar 19, 2015

 Edited by: Heather Bell

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

There’s been a shift in the currency-hedged space. WisdomTree really kicked off the whole currency hedging wave when it redesigned its dividend-weighted Japan fund into a product designed to take maximum advantage of the weakening yen by adding a screen for export-focused companies.

The [WisdomTree Japan Hedged Equity Fund (DXJ | B-70)](https://www.etf.com/DXJ) then went on a bit of an asset-gathering rampage over the next couple of years, ballooning to more than $15 billion. But its sister fund targeting the eurozone, the [WisdomTree Europe Hedged Equity Fund (HEDJ | B-61)](https://www.etf.com/HEDJ), has also been on a tear as the euro has weakened alongside the yen. And on Monday, March 16, it surpassed DXJ in terms of assets under management (AUM), racking up $15.7 billion to DXJ’s $15.5 billion:

**YTD Assets &amp; Flows, DXJ Vs. HEDJ**

![](/sites/default/files/images/ytd_assets_flows_hedj_dxj.jpg)

*Source: Bloomberg*

If one looks even further back to the start of the year, HEDJ’s daily inflows have been nothing but impressive. While DXJ started off the year with only about $12 billion in AUM, and has slowly added a few more billion, HEDJ was at less than $6 billion in AUM as of the first of the year. Its total inflows for 2015 were $8.7 billion versus $2.3 billion for DXJ.

WisdomTree holds the by-far dominant position in the currency-hedged equity space. HEDJ’s and DXJ’s closest competitor is the [Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF | B-79)](https://www.etf.com/DBEF), which has just $6.1 billion in AUM.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Asia-Pacific](http://www.etf.com/topics/asia-pacific) 

 [Broad-based](http://www.etf.com/topics/broad-based) 

 [Currency Hedged](http://www.etf.com/topics/currency-hedged) 

 [Developed Europe](http://www.etf.com/topics/developed-europe)