DFJvsHEWJETF Comparison
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WisdomTree Japan SmallCap Dividend Fund (DFJ) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. DFJ's top 3 sector exposures are Industrials, Non-Energy Materials and Finance. In contrast, HEWJ's top sector exposures are Technology, Finance and Industrials. DFJ is less expensive with a Total Expense Ratio (TER) of 0.58%, versus 1.02% for HEWJ. DFJ is up 21.21% year-to-date (YTD) with +$58M in YTD flows. HEWJ performs better with 22.22% YTD performance, and +$58M in YTD flows. Run a side-by-side ETF comparison of DFJ and HEWJ 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 HEWJ 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 HEWJ | +0.46%-3.60% | +8.16%+0.43% | +21.21%+22.22% | +23.39%+34.99% | +73.86%+98.67% | +59.37%+152.07% |
| Flows | DFJ HEWJ | +$40M-$68M | +$40M-$29M | +$58M+$58M | +$63M+$131M | +$97M+$206M | +$89M-$66M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFJ HEWJ | +16.59%+20.50% | +18.86%+19.89% | +19.08%+20.70% | +18.22%+19.28% |
| Max drawdown | DFJ HEWJ | -3.56%-6.66% | -13.93%-10.13% | -14.46%-21.20% | -30.56%-21.20% |
| Max drawdown duration | DFJ HEWJ | 15d51d | 156d69d | 56d351d | 903d351d |
Trading data
DFJ | HEWJ | |
Last sale 9/15/2026 at 1:30 PM | $115.33 | $63.80 |
| Previous close 09/14/2026 | $115.70 | $63.84 |
| 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 | HEWJ | |
|---|---|---|
| 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 | HEWJ | |
|---|---|---|
| Last price | $115.33 | $63.80 |
| 1D performance | -0.32% | -0.06% |
| AuM | $448.76 M | $672.01 M |
| E/R | 0.58% | 1.02% |
Characteristics
DFJ | HEWJ | |
|---|---|---|
| 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 | January 31, 2014 |
| ESG | No | No |
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Exposure
Countries
DFJ
Japan
99.35%
Other
0.65%
HEWJ
Japan
101.44%
Other
-1.44%
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%
HEWJ
Technology
22.77%
Finance
21.92%
Industrials
19.46%
Consumer Cyclical.
10.39%
Consumer Non-Cycl.
7.72%
Other
17.73%
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Diversification
DFJ
Total weight of top 15 holdings out of 15
8.17%
HEWJ
Total weight of top 15 holdings out of 15
38.61%
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%
HEWJ
Mitsubishi UFJ Financial Group, Inc.
4.77%
Toyota Motor Corp.
3.75%
Sumitomo Mitsui Financial Group, Inc.
3.07%
Tokyo Electron Ltd.
2.96%
Hitachi Ltd.
2.94%
Sony Group Corp.
2.82%
Advantest Corp.
2.59%
Mizuho Financial Group, Inc.
2.34%
SoftBank Group Corp.
2.17%
Recruit Holdings Co., Ltd.
2.17%
Fast Retailing Co., Ltd.
1.90%
KEYENCE Corp.
1.88%
Tokio Marine Holdings, Inc.
1.86%
Mitsubishi Corp.
1.83%
Kioxia Holdings Corp.
1.57%
Frequently asked questions about DFJ and HEWJ
How have the DFJ and HEWJ ETFs performed in 2026?
As of September 14, 2026, DFJ is up 21.21% year-to-date (YTD), while HEWJ has returned 22.22%. That puts HEWJ better performer ahead so far this year.
Which ETF is attracting more investor money: DFJ or HEWJ?
Year-to-date, the DFJ ETF saw +$58M in flows, compared to +$58M for HEWJ.
Which ETF is more volatile: DFJ or HEWJ?
Over the past year, DFJ had a volatility of 18.86%, while HEWJ experienced 19.89%.
Which ETF is bigger: DFJ or HEWJ?
As of September 14, 2026, DFJ holds $448.76 M in assets under management (AUM), while HEWJ manages $672.01 M.
What sectors do the DFJ and HEWJ ETFs invest in?
DFJ leans toward sectors like Industrials, Non-Energy Materials and Finance. Meanwhile, HEWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the DFJ ETF and HEWJ ETF?
DFJ top holdings include Daishi Hokuetsu Financial Group, Inc., Chugin Financial Group, Inc. and EXEDY Corp.. HEWJ 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 HEWJ?
DFJ holds 976 securities with 8.17% of its assets in the top 15. HEWJ has 169 securities and a top 15 weight of 38.61%.
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