# WisdomTree Long JPY Short USD (LJPY)

**Page:** https://fundology.uk/fund/ljpy · ISIN JE00B68GSP26

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, LJPY (WisdomTree Long JPY Short USD, ISIN JE00B68GSP26) closed at $22.76 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was −31.1%, or −46.2% after UK CPIH inflation.

## Summary

WisdomTree Long JPY Short USD is an exchange-traded product from WisdomTree, launched in 2009. It tracks the MSFX Long Japanese Yen Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Latest close: **$22.76** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LJPY |
| ISIN | JE00B68GSP26 |
| Category | Other |
| Type | ETN / ETP |
| Provider | WisdomTree |
| Tracks | MSFX Long Japanese Yen Index |
| Ongoing charge | 0.39% a year (£39 per £10,000) |
| Fund size | £4.4m |
| Launched | 2009 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2009 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -3.88% | -7.29% | income reinvested |
| 3 years | -14.42% | -22.68% | income reinvested |
| 5 years | -31.06% | -46.19% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of WisdomTree Long JPY Short USD in pounds (price only): 2022 −3.5%, 2023 −12.9%, 2024 −8.7%, 2025 −8.0%; 2026 to 13/11/2026 −0.6%. Returns of WisdomTree Long JPY Short USD in pounds (price only) over the 12 months to 30/09/2026: −5.4%; to 30/09/2025: −4.1%; to 30/09/2024: −5.4%; to 30/09/2023: −13.8%; to 30/09/2022: −7.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -3.5% | -11.6% | Price |
| 2023 | -12.9% | -16.4% | Price |
| 2024 | -8.7% | -11.8% | Price |
| 2025 | -8.0% | -11.1% | Price |
| 2026 to 13/11/2026 | -0.6% | -3.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.76% | -8.28% |
| 3 years | 8.77% | -19.09% |
| 5 years | 9.03% | -34.46% |

## Largest fall

Volatility of WisdomTree Long JPY Short USD in pounds, annualised from weekly returns to 13/11/2026: 6.8% over 1 year, 8.8% over 3 years, 9.0% over 5 years. Largest fall in the price of WisdomTree Long JPY Short USD since November 2021, in pounds: −34.5% from 10/12/2021 to 17/07/2026. The lowest 12-month return of WisdomTree Long JPY Short USD in pounds (price only) since January 2021 was −17.4% (12 months to 22/03/2024); the highest was +3.5% (12 months to 04/07/2025). On 13/11/2026 the price of WisdomTree Long JPY Short USD was 32.3% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Long JPY Short USD 0.39% a year. Compared on 14/11/2026, 54 of the 68 other other funds charge more, 10 the same and 4 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.39%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of LJPY?**

The ongoing charge of LJPY is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of WisdomTree Long JPY Short USD 0.39% a year. Compared on 14/11/2026, 54 of the 68 other other funds charge more, 10 the same and 4 less (share classes counted once).

**What does LJPY track?**

LJPY tracks the MSFX Long Japanese Yen Index.

**What is the ISIN of LJPY?**

The ISIN of LJPY is JE00B68GSP26. An ISIN identifies one exact share class of a fund; LJPY is its ticker on the London Stock Exchange.

**What were LJPY’s returns in each of the last five years?**

Calendar-year returns of LJPY in pounds (price only): 2022 −3.5%, 2023 −12.9%, 2024 −8.7%, 2025 −8.0%; 2026 to 13/11/2026 −0.6%. Past performance is not a guide to future returns.

**How has LJPY done after inflation?**

Over the five years to 13/11/2026 LJPY’s total return was −31.1%, or −46.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.