Don’t Forget These Currency Hedged ETFs

The world of currency hedged exchange traded funds is growing. At least six such ETFs from two different issuers have debuted just this year.

But even with that growth, yen hedged ETFs, namely the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and the db X-trackers MSCI Japan Hedged Equity Fund (NYSEArca: DBJP), dominate the currency hedged ETF conversation.

That does not mean investors should simply gloss over other currency hedged ETFs. Not when currency fluctuations can erode a portfolio’s returns and not when some foreign currencies, including the euro, are viewed as overvalued.

“USD strength is anticipated in 2013 as expectations for ending QE are moved up while the U.S. outperforms most of the G10 world,” Daniel Brehon, V.P. of FX Strategy for Deutsche Bank, said in a recent ETF Trends webcast. [Currency ETFs for a Stronger U.S. Dollar]

What follows is a list of some of the unheralded but still useful currency hedged ETFs on the market today along with their 2014 performances. Let’s get started with the…