ILXQuant Japanese Hidden Champions and Corporate Re-Rating Basket Index
Fixed-basket index of 10 Japanese industrial and technology companies with global monopoly-like positions in critical components -- completely unknown to Western investors. Fanuc and Yaskawa together account for over 50 percent of the global industrial robot market. SMC Corporation makes over 50 percent of all pneumatic components globally. Murata Manufacturing produces 40 percent of the world's ceramic capacitors. Shin-Etsu Chemical is the world's largest silicon wafer manufacturer. Hoya makes 30 percent of all semiconductor photomasks. Daikin is the world's largest HVAC company. The Tokyo Stock Exchange is forcing these companies to release balance sheet value for the first time in a generation -- TSE binding guidance on ROE and buybacks. Warren Buffett made Berkshire Hathaway's largest-ever international investment in Japan in 2023. Rebalances quarterly to equal weight.
- Index identifier
- ILXJPN
- Category
- Basket
- Universe
- Fixed basket -- 10 Japanese hidden champions and corporate re-rating companies (equal weight)
- Currency
- JPY (USD ADR)
- Inception
- 2020-03-02
- Rebalancing
- Quarterly (first Monday of March, June, September, December)
- Index fee
- 0.60% p.a.
- Reference benchmark
- Industrials SPDR (XLI)
Performance and risk
All figures below are measured over a trailing window of up to 1,260 trading days (approximately five years), not since index inception.
| Annualised return | +3.04% |
|---|---|
| Sharpe ratio | 0.13 |
| Calmar ratio | 0.06 |
| Volatility | 22.61% |
| Maximum drawdown | -47.91% |
| Return, 1 month | +1.06% |
| Return, 3 months | +4.09% |
| Return, 1 year | +56.61% |
| Return, year to date | +43.98% |
Full performance history, drawdown analysis, rolling risk metrics and portfolio breakdowns for this index are available in the ILX Quant platform.