HEDJ’s underlying holdings would benefit from a weaker euro. Specifically, exporters would get a boost as it becomes cheaper to sell abroad. Top holdings include Bayer AG 5.2%, Unilver 5.1%, Anheuser Busch InBev 4.9%, Sanofi-Aventis 4.8% and Daimler AG 4.7%.

HEDJ has gained 8.0% year-to-date, compared to VGK’s 7.0% rise.

Another similar WisdomTree ETF, the WisdomTree Japan Hedged Equity (NYSEArca: DXJ), has also been beating non-currency hedged funds as the Bank of Japan enacted aggressive new monetary policies. [Japan ETFs Rocket as Nikkei Tops 14,000]

WisdomTree Europe Hedged Equity Fund

For more information on Europe, visit our Europe category.

Max Chen contributed to this article.