WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and db-X MSCI Japan Currency-Hedged Equity Fund (NYSEArca: DBJP) are among the best-performing ETFs so far this year as “Abenomics” kicks into high gear.

DBJP and DXJ are up 33.1% and 29.2% year to date, according to Morningstar.

The ETFs have benefitted from surging Japanese stocks and a weaker yen. The funds track the country’s stock market while hedging their currency exposure to the Japanese yen.

In fact, DXJ is the most popular ETF in 2013 with net inflows of $5.4 billion, according to IndexUniverse data. [Japan ETF Rakes in $5 Billion, Rallies to Highest Since July 2008]

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