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, Finance and Non-Energy Materials. 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 17.99% year-to-date (YTD) with +$58M in YTD flows. EWJ performs better with 18.14% YTD performance, and +$5.39B 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 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFJ EWJ | -3.07%-2.65% | +7.24%+6.06% | +17.99%+18.14% | +25.26%+19.50% | +79.89%+78.30% | +71.95%+56.17% |
| Flows | DFJ EWJ | -$132K+$1.08B | +$40M+$1.41B | +$58M+$5.39B | +$63M+$5.99B | +$90M+$3.82B | +$77M+$5.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFJ EWJ | +15.55%+18.68% | +18.89%+21.90% | +18.99%+20.28% | +18.23%+19.05% |
| Max drawdown | DFJ EWJ | -4.88%-5.57% | -13.93%-13.62% | -14.46%-15.70% | -24.52%-29.55% |
| Max drawdown duration | DFJ EWJ | 32d23d | 156d111d | 56d225d | 683d827d |
Trading data
DFJ | EWJ | |
Last sale 10/30/2026 at 1:30 PM | $110.52 | $92.90 |
| Previous close 10/29/2026 | $112.35 | $94.94 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/30/2026 at 1:30 PM
Live
Closed
DFJ | EWJ | |
|---|---|---|
| Last price | $110.52 | $92.90 |
| 1D performance | -1.63% | -2.15% |
| AuM | $436.60 M | $23.78 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 | 786 | 169 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 16, 2006 | March 12, 1996 |
| ESG | No | No |
Exposure
Countries
DFJ
Japan
98.28%
Other
1.72%
EWJ
Japan
99.1%
Other
0.9%
Sectors
DFJ
Industrials
19.26%
Finance
18.79%
Non-Energy Materi.
18.32%
Technology
11.97%
Consumer Cyclical.
11.32%
Consumer Non-Cycl.
8.7%
Other
11.64%
EWJ
Technology
25.02%
Finance
20.89%
Industrials
18.24%
Consumer Cyclical.
9.15%
Consumer Non-Cycl.
7.15%
Other
19.56%
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Diversification
DFJ
Total weight of top 15 holdings out of 15
8.49%
EWJ
Total weight of top 15 holdings out of 15
39.47%
Top 15 holdings
Data as of September 30, 2026
DFJ
Daishi Hokuetsu Financial Group, Inc.
0.89%
Chugin Financial Group, Inc.
0.75%
Yamaguchi Financial Group, Inc.
0.62%
Macnica Holdings, Inc.
0.58%
INFRONEER Holdings, Inc.
0.57%
Nishi-Nippon Financial Holdings, Inc.
0.56%
Citizen Watch Co., Ltd.
0.55%
Nippon Shokubai Co., Ltd.
0.52%
EXEDY Corp.
0.52%
Sanki Engineering Co., Ltd.
0.50%
Mitsubishi Materials Corp.
0.49%
Hazama Ando Corp.
0.49%
NSK Ltd.
0.49%
ZEON Corp.
0.49%
NICHIAS Corp.
0.49%
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.66%
Toyota Motor Corp.
3.27%
Tokyo Electron Ltd.
3.10%
Sumitomo Mitsui Financial Group, Inc.
2.98%
Advantest Corp.
2.96%
Hitachi Ltd.
2.86%
SoftBank Group Corp.
2.82%
Recruit Holdings Co., Ltd.
2.63%
Sony Group Corp.
2.58%
Kioxia Holdings Corp.
2.46%
Mizuho Financial Group, Inc.
2.42%
KEYENCE Corp.
1.79%
Mitsubishi Corp.
1.72%
Tokio Marine Holdings, Inc.
1.70%
Fast Retailing Co., Ltd.
1.53%
Frequently asked questions about DFJ and EWJ
How have the DFJ and EWJ ETFs performed in 2026?
As of October 29, 2026, DFJ is up 17.99% year-to-date (YTD), while EWJ has returned 18.14%. That puts EWJ 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 +$5.39B for EWJ.
Which ETF is more volatile: DFJ or EWJ?
Over the past year, DFJ had a volatility of 18.89%, while EWJ experienced 21.9%.
Which ETF is bigger: DFJ or EWJ?
As of October 29, 2026, DFJ holds $436.60 M in assets under management (AUM), while EWJ manages $23.78 B.
What sectors do the DFJ and EWJ ETFs invest in?
DFJ leans toward sectors like Industrials, Finance and Non-Energy Materials. 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 Yamaguchi Financial Group, Inc.. EWJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Tokyo Electron Ltd..
Which ETF is more diversified: DFJ or EWJ?
DFJ holds 786 securities with 8.49% of its assets in the top 15. EWJ has 169 securities and a top 15 weight of 39.47%.
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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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