DFJvsEWJETF Comparison
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WisdomTree Japan SmallCap Dividend Fund (DFJ) and iShares MSCI Japan ETF (EWJ) belong to the same industry segment: Japan Blended Cap. DFJ's top 3 sector exposures are Industrials, Non-Energy Materials and Finance. In contrast, EWJ's top sector exposures are Technology, Finance and Industrials. DFJ is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.49% for EWJ. DFJ is up 21.21% year-to-date (YTD) with +$58M in YTD flows. EWJ performs worse with 21.12% YTD performance, and +$4.34B in YTD flows. Run a side-by-side ETF comparison of DFJ and EWJ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFJ vs EWJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFJ EWJ | +0.46%-1.01% | +8.16%+3.19% | +21.21%+21.12% | +23.39%+24.77% | +73.86%+67.60% | +59.37%+48.97% |
| Flows | DFJ EWJ | +$40M+$464M | +$40M+$525M | +$58M+$4.34B | +$63M+$4.18B | +$97M+$2.48B | +$89M+$5.20B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFJ EWJ | +16.59%+22.75% | +18.86%+22.32% | +19.08%+20.24% | +18.22%+19.04% |
| Max drawdown | DFJ EWJ | -3.56%-7.85% | -13.93%-13.62% | -14.46%-15.70% | -30.56%-33.16% |
| Max drawdown duration | DFJ EWJ | 15d50d | 156d111d | 56d225d | 903d902d |
Trading data
DFJ | EWJ | |
Last sale 9/15/2026 at 1:30 PM | $115.33 | $96.91 |
| Previous close 09/14/2026 | $115.70 | $97.58 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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DFJ | EWJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
DFJ | EWJ | |
|---|---|---|
| Last price | $115.33 | $96.91 |
| 1D performance | -0.32% | -0.69% |
| AuM | $448.76 M | $23.31 B |
| E/R | 0.58% | 0.49% |
Characteristics
DFJ | EWJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | WisdomTree | iShares |
| Benchmark | WisdomTree Japan SmallCap Dividend Index | MSCI Japan Index |
| N° of holdings | 976 | 169 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 16, 2006 | March 12, 1996 |
| ESG | No | No |
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Exposure
Countries
DFJ
Japan
99.35%
Other
0.65%
EWJ
Japan
99.78%
Other
0.22%
Sectors
DFJ
Industrials
19.79%
Non-Energy Materi.
18.15%
Finance
17.61%
Consumer Cyclical.
12.05%
Technology
11.81%
Consumer Non-Cycl.
9.49%
Other
11.1%
EWJ
Technology
22.4%
Finance
21.56%
Industrials
19.14%
Consumer Cyclical.
10.22%
Consumer Non-Cycl.
7.6%
Other
19.08%
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Diversification
DFJ
Total weight of top 15 holdings out of 15
8.17%
EWJ
Total weight of top 15 holdings out of 15
37.98%
Top 15 holdings
Data as of July 31, 2026
DFJ
Daishi Hokuetsu Financial Group, Inc.
0.75%
Chugin Financial Group, Inc.
0.72%
EXEDY Corp.
0.59%
INFRONEER Holdings, Inc.
0.57%
Yamaguchi Financial Group, Inc.
0.56%
NSK Ltd.
0.55%
Hazama Ando Corp.
0.53%
Seino Holdings Co., Ltd.
0.51%
Nishi-Nippon Financial Holdings, Inc.
0.51%
Citizen Watch Co., Ltd.
0.50%
ZEON Corp.
0.50%
Nippon Shokubai Co., Ltd.
0.48%
NICHIAS Corp.
0.48%
The Kiyo Bank, Ltd.
0.46%
Sanki Engineering Co., Ltd.
0.46%
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.69%
Toyota Motor Corp.
3.69%
Sumitomo Mitsui Financial Group, Inc.
3.02%
Tokyo Electron Ltd.
2.91%
Hitachi Ltd.
2.89%
Sony Group Corp.
2.77%
Advantest Corp.
2.55%
Mizuho Financial Group, Inc.
2.30%
SoftBank Group Corp.
2.14%
Recruit Holdings Co., Ltd.
2.13%
Fast Retailing Co., Ltd.
1.87%
KEYENCE Corp.
1.85%
Tokio Marine Holdings, Inc.
1.83%
Mitsubishi Corp.
1.80%
Kioxia Holdings Corp.
1.54%
Frequently asked questions about DFJ and EWJ
How have the DFJ and EWJ ETFs performed in 2026?
As of September 14, 2026, DFJ is up 21.21% year-to-date (YTD), while EWJ has returned 21.12%. That puts DFJ better performer ahead so far this year.
Which ETF is attracting more investor money: DFJ or EWJ?
Year-to-date, the DFJ ETF saw +$58M in flows, compared to +$4.34B for EWJ.
Which ETF is more volatile: DFJ or EWJ?
Over the past year, DFJ had a volatility of 18.86%, while EWJ experienced 22.32%.
Which ETF is bigger: DFJ or EWJ?
As of September 14, 2026, DFJ holds $448.76 M in assets under management (AUM), while EWJ manages $23.31 B.
What sectors do the DFJ and EWJ ETFs invest in?
DFJ leans toward sectors like Industrials, Non-Energy Materials and Finance. Meanwhile, EWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the DFJ ETF and EWJ ETF?
DFJ top holdings include Daishi Hokuetsu Financial Group, Inc., Chugin Financial Group, Inc. and EXEDY Corp.. EWJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc..
Which ETF is more diversified: DFJ or EWJ?
DFJ holds 976 securities with 8.17% of its assets in the top 15. EWJ has 169 securities and a top 15 weight of 37.98%.
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Latest news about DFJ & EWJ
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EWJ
Tony's ETF Buyers Guide: Japanese Equity ETFs
April 5, 2024
EWJ
Japan Stocks Outperform Amid Controlled Inflation and Accommodating Monetary Policy
January 16, 2024
EWJ
An introduction to Country-Based ETFs
July 7, 2022
EWJ
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