Investing.comT3·9mo ago
JPY Lazard Japanese Equity ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
JPY
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Key stats
About
Lazard Japanese Equity ETF (JPY) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-04-04
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
International Equity
Single Country#106 of 163 by assets
Lazard
Japan
Developed ex-US
Actively managed
- Expense ratio
- 0.60% prospectus, filed Apr 23, 2026
- Assets
- $78M SEC filing, Jun 30, 2026
- Trailing yield
- 1.14% paid semi-annual
- Average daily volume
- $206K 30 sessions
- Holdings
- 63 top 10 are 35.3%
- Listed
- Apr 4, 2025 Nasdaq
Cost33
Liquidity10
Scale23
Diversification71
Moves with. US large-cap stocks (51% of its variance, beta 1.11); Developed markets ex-US over US (23% of its variance, beta 0.95). These factors explain 73% of its daily moves over the last year.
Stated objective. The Portfolio seeks long-term capital appreciation. (from the fund's prospectus)
All 63 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$13K latest reported month
- Latest 3 months
- +$6K +0.0% of assets
- Latest 12 months
- +$25M +32.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$13K |
| May 2026 | −$45K |
| Apr 2026 | +$38K |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
| Jan 2026 | +$3.3M |
| Dec 2025 | +$1.6M |
| Nov 2025 | $0 |
| Oct 2025 | +$3.2M |
| Sep 2025 | +$7.7M |
| Aug 2025 | $0 |
| Jul 2025 | +$9.7M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 15 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| EWJiShares MSCI Japan ETF | 48% | 0.49% | $23.7B | +14.6% | compare |
| BBJPJPMorgan BetaBuilders Japan ETF | 47% | 0.19% | $19.2B | +12.1% | compare |
| DBJPXtrackers MSCI Japan Hedged Equity ETF | 46% | 0.45% | $721M | +27.8% | compare |
| GSJYGoldman Sachs ActiveBeta Japan Equity ETF | 42% | 0.25% | $97M | +18.1% | compare |
| FLJPFranklin FTSE Japan ETF | 42% | 0.09% | $4.2B | +13.9% | compare |
Ranked by how much of the two portfolios is the same securities.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | Keyence Corp | 0.30% | 2.42% | +539.1% |
| Decrease | Mitsubishi Corp | 3.66% | 1.90% | −25.6% |
| Decrease | Shimizu Corp | 2.05% | 1.41% | −12.3% |
| Increase | Nissan Chemical Corp | 0.55% | 1.03% | +54.9% |
| Decrease | Mitsui Chemicals Inc | 0.85% | 0.50% | −39.7% |
| New position | Capcom Co Ltd | — | 0.33% | — |
| New position | Terumo Corp | — | 0.30% | — |
| Decrease | Rinnai Corp | 0.80% | 0.51% | −22.7% |
| New position | Toho Co Ltd/Tokyo | — | 0.24% | — |
| Decrease | Resona Holdings Inc | 2.45% | 2.22% | −13.2% |
4 new, 0 exited, 8 increased and 9 decreased between the fund's two latest holdings reports; turnover 11.2%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 5 active of 11 with agreements; top 3 did 90%
- Created · redeemed
- $58M · $3.2M over the fiscal year
- Redemptions in kind
- 39% creations 73% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
63
AUM
$77.0M
Provider
Nport
Inception
2025-04-04
Exchange
XNAS
Data As Of
2026-06-30
Expense Ratio
0.60%
Dividend Yield
1.14%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-18 | 2026-06-22 | $0.2299 | CD |
| 2025-12-19 | 2025-12-22 | $0.2096 | CD |
| 2025-06-20 | 2025-06-23 | $0.5527 | CD |
Asset Allocation
Top Holdings
top 50 of 63 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Mitsubishi UFJ Financial Group Inc | 5.17% | Equity (common) | JP |
| — | Tokyo Electron Ltd | 4.79% | Equity (common) | JP |
| — | Sumitomo Mitsui Financial Group Inc | 4.39% | Equity (common) | JP |
| — | Mizuho Financial Group Inc | 3.46% | Equity (common) | JP |
| — | Recruit Holdings Co Ltd | 3.46% | Equity (common) | JP |
| — | Hitachi Ltd | 3.04% | Equity (common) | JP |
| — | Sony Group Corp | 2.91% | Equity (common) | JP |
| — | SoftBank Group Corp | 2.86% | Equity (common) | JP |
| — | Tokio Marine Holdings Inc | 2.73% | Equity (common) | JP |
| — | TDK Corp | 2.50% | Equity (common) | JP |
| — | Disco Corp | 2.49% | Equity (common) | JP |
| — | Keyence Corp | 2.42% | Equity (common) | JP |
| — | Resona Holdings Inc | 2.22% | Equity (common) | JP |
| — | Shin-Etsu Chemical Co Ltd | 2.19% | Equity (common) | JP |
| — | Mitsubishi Electric Corp | 2.09% | Equity (common) | JP |
| — | Takeda Pharmaceutical Co Ltd | 2.02% | Equity (common) | JP |
| — | Mitsubishi Corp | 1.90% | Equity (common) | JP |
| — | ORIX Corp | 1.89% | Equity (common) | JP |
| — | Daikin Industries Ltd | 1.86% | Equity (common) | JP |
| — | Komatsu Ltd | 1.86% | Equity (common) | JP |
| — | SMC Corp | 1.85% | Equity (common) | JP |
| — | NTT Inc | 1.74% | Equity (common) | JP |
| — | Nippon Sanso Holdings Corp | 1.59% | Equity (common) | JP |
| — | Mitsui Fudosan Co Ltd | 1.58% | Equity (common) | JP |
| — | Suzuki Motor Corp | 1.57% | Equity (common) | JP |
| — | Fujitsu Ltd | 1.55% | Equity (common) | JP |
| — | Daiichi Sankyo Co Ltd | 1.49% | Equity (common) | JP |
| — | FUJIFILM Holdings Corp | 1.47% | Equity (common) | JP |
| — | Kansai Electric Power Co Inc/The | 1.44% | Equity (common) | JP |
| — | Toyota Tsusho Corp | 1.43% | Equity (common) | JP |
| — | Shimizu Corp | 1.41% | Equity (common) | JP |
| — | Seven & i Holdings Co Ltd | 1.38% | Equity (common) | JP |
| — | Inpex Corp | 1.34% | Equity (common) | JP |
| — | Toyota Motor Corp | 1.32% | Equity (common) | JP |
| — | Denso Corp | 1.30% | Equity (common) | JP |
| — | Daifuku Co Ltd | 1.25% | Equity (common) | JP |
| — | Yakult Honsha Co Ltd | 1.22% | Equity (common) | JP |
| — | Murata Manufacturing Co Ltd | 1.19% | Equity (common) | JP |
| — | FANUC Corp | 1.19% | Equity (common) | JP |
| — | Makita Corp | 1.17% | Equity (common) | JP |
| — | East Japan Railway Co | 1.11% | Equity (common) | JP |
| — | Nissan Chemical Corp | 1.03% | Equity (common) | JP |
| — | Nitto Denko Corp | 1.01% | Equity (common) | JP |
| — | Sumitomo Forestry Co Ltd | 0.99% | Equity (common) | JP |
| — | Nomura Holdings Inc | 0.94% | Equity (common) | JP |
| — | Toyo Suisan Kaisha Ltd | 0.93% | Equity (common) | JP |
| — | Nitori Holdings Co Ltd | 0.84% | Equity (common) | JP |
| — | MatsukiyoCocokara & Co | 0.83% | Equity (common) | JP |
| — | Kakaku.com Inc | 0.66% | Equity (common) | JP |
| — | Rengo Co Ltd | 0.56% | Equity (common) | JP |
Geographic Breakdown
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 4.45% | 4.45% |
| Feb | -- | 7.46% | 7.46% |
| Mar | -- | -6.40% | -6.40% |
| Apr | 16.86% | 3.97% | 10.41% |
| May | 4.84% | 6.69% | 5.77% |
| Jun | -0.94% | -1.35% | -1.15% |
| Jul | -0.95% | 0.97% | 0.01% |
| Aug | 6.44% | 3.91% | 5.18% |
| Sep | 3.83% | 1.73% | 2.78% |
| Oct | 2.12% | -1.51%* | 0.31% |
| Nov | 0.15% | -- | 0.15% |
| Dec | 0.09% | -- | 0.09% |
| Total | 36.00% | 20.85% | 28.42% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $39.01
SMA 50: $38.91
SMA 200: $36.30
Current: $38.43
EMA 12: $38.73
EMA 26: $38.87
MACD: -0.1426 | Signal: -0.1073
BEARISH
ADX (14): 10.11
RANGE
+DI: 34.54
−DI: 43.19
Momentum Oscillators
RSI (14): 43.00
NEUTRAL
Stoch %K: 18.65
Stoch %D: 15.04
Williams %R: -87.27
Volume & Volatility
BB Upper: $39.92
BB Lower: $38.09
NEUTRAL
OBV: 380,396
Vol SMA 20: 2,571
Vol ROC: 134.28%
ATR: $0.34
True Range: $0.33
HV 20: 14.0%
HV 30: 15.8%
HV 60: 16.3%
Data Summary
Data Points: 389
Last Updated:
Date Range: 2025-04-07T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers:
- Bullish momentum signals from MACD
- Recent positive news headlines on cyclical leadership and growth under Takaichi's leadership
- Above-average volatility, which could lead to amplified price movements
Primary risks:
- High short-term beta (>1.08) implies increased market sensitivity
- Volatility regime is currently neutral, but has trended upward recently
Investment thesis: JPY is a mid-cap stock with a relatively high beta, indicating it may be more susceptible to market fluctuations. The recent positive news headlines and bullish momentum signals from technical indicators are encouraging signs, but the overall sentiment remains NEUTRAL due to the volatility regime and potential risks.
Recent news sentiment impact: The positive news headlines have contributed to the bullish momentum signals, suggesting that JPY's price may continue to trend upward in the short term.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): UPTREND Medium-term (1-3 months): NEUTRAL Long-term (3-12 months): DOWNWARD
Support/Resistance Levels:
- Upper Bollinger Band: $39.67
- Middle Line: $38.61
- Lower Bollinger Band: $37.56
- SMA 20: $38.61
- EMA 12: $38.75
Momentum Signals:
- RSI (14): 65.11 (neutral)
- MACD: Bullish signal with a reading of 0.36 / Signal: 0.07 / Histogram: 0.29 (bullish)
- Bollinger Bands: Neutral signal, indicating no strong momentum indicators
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines highlighting cyclical and value leadership.
Sentiment Assessment: Aggregate sentiment is POSITIVE.
Catalyst Identification: No specific catalysts identified, but the recent positive news headlines may continue to drive the stock's price.
Market Narrative: The news aligns with the bullish momentum signals from technical indicators, suggesting that JPY's price may continue to trend upward in the short term.
Risk & Volatility Assessment
Beta Interpretation: Beta of 1.08 indicates above-average volatility and market sensitivity.
Volatility Regime: Neutral regime with a current volatility reading of 0.20.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels at the Lower Bollinger Band ($37.56) and SMA 20 ($38.61).
Market Context & Positioning
Sector Performance: JPY's sector (Finance) has performed relatively well, with a strength index of 65%.
Institutional Activity: Volume patterns suggest institutional interest in JPY.
Correlation Analysis: R-squared interpretation indicates that JPY is moderately correlated with the broader market (0.69).
Relative Valuation: JPY's relative valuation is slightly below its 6-month average, indicating a potential value opportunity.
Key Levels & Action Items
Critical Price Levels:
- Support: Lower Bollinger Band ($37.56), SMA 20 ($38.61)
- Resistance: Upper Bollinger Band ($39.67)
Breakout/Breakdown Levels: No specific levels identified, but the stock's price may be influenced by news headlines and technical momentum signals.
Time-Sensitive Catalysts: No specific earnings dates or product launches identified.
Risk Management: Stop-loss levels should be set at the Lower Bollinger Band ($37.56) to manage risk. Position sizing considerations suggest a moderate allocation due to JPY's above-average volatility.
Please note that this analysis is based on the provided data and is not intended as buy/sell advice. It is essential to consider your individual investment goals, risk tolerance, and market conditions before making any investment decisions.
Generated
News
All JPY news →
Investing.comT3·12mo ago
JPY Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.0526
Alpha: 5.86%
Correlation: 0.6942
R-Squared: 48.2%
Stock Volatility: 19.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
JPY Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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