DXJvsHEWJETF Comparison
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WisdomTree Japan Hedged Equity Fund (DXJ) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. DXJ's top 3 sector exposures are Industrials, Consumer Discretionary and Information Technology. In contrast, HEWJ's top sector exposures are Industrials, Financials and Consumer Discretionary. DXJ is less expensive with a Total Expense Ratio (TER) of 0.48%, versus 1.02% for HEWJ. DXJ is up 13.76% year-to-date (YTD) with +$417M in YTD flows. HEWJ performs worse with 11.24% YTD performance, and +$200M in YTD flows. Run a side-by-side ETF comparison of DXJ 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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DXJ vs HEWJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DXJ HEWJ | +4.66%+7.04% | +8.18%+6.35% | +13.76%+11.24% | +53.87%+47.07% | +141.04%+113.88% | +216.30%+151.28% |
| Flows | DXJ HEWJ | -$6M-$4M | -$61M+$195M | +$417M+$200M | +$1.11B+$245M | +$1.70B+$358M | +$1.32B+$317M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DXJ HEWJ | +27.57%+23.24% | +18.60%+18.94% | +22.39%+20.28% | +20.08%+18.94% |
| Max drawdown | DXJ HEWJ | -11.75%-10.13% | -11.75%-10.13% | -26.55%-21.20% | -26.55%-21.20% |
| Max drawdown duration | DXJ HEWJ | 59d63d | 59d63d | 250d351d | 250d351d |
Trading data
DXJ | HEWJ | |
Last sale 4/30/2026 at 1:30 PM | $162.07 | $58.84 |
| Previous close 04/29/2026 | $161.22 | $58.62 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 2026
1-year trailing difference
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DXJ | 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 4/30/2026 at 1:30 PM
Live
Closed
DXJ | HEWJ | |
|---|---|---|
| Last price | $162.07 | $58.84 |
| 1D performance | +0.53% | +0.38% |
| AuM | $6.22 B | $749.71 M |
| E/R | 0.48% | 1.02% |
Characteristics
DXJ | HEWJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | WisdomTree | iShares |
| Benchmark | WisdomTree Japan Hedged Equity Index | MSCI Japan Index |
| N° of holdings | 137 | 177 |
| 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
DXJ
Japan
99.02%
Other
0.98%
HEWJ
Japan
98.65%
Other
1.35%
Sectors
DXJ
Industrials
28.64%
Consumer Discreti.
19.63%
Information Techn.
15.09%
Financials
14.06%
Health Care
8.47%
Other
14.11%
HEWJ
Industrials
25.8%
Financials
17.51%
Consumer Discreti.
15.7%
Information Techn.
13%
Other
27.99%
Diversification
DXJ
Total weight of top 15 holdings out of 15
47.24%
HEWJ
Total weight of top 15 holdings out of 15
35.71%
Top 15 holdings
Data as of March 31, 2026
DXJ
TOYOTA
6.35%
MITSUBISHI UFJ FINANCIAL GROUP
5.23%
MITSUBISHI
3.63%
HITACHI
3.47%
SONY GROUP CORPORATION
3.34%
SUMITOMO MITSUI
3.27%
TOKYO ELECTRON
2.98%
MITSUI
2.93%
MIZUHO FINANCIAL
2.57%
ADVANTEST
2.52%
MITSUBISHI HVY
2.41%
TOKIO MARINE HOLDINGS
2.39%
FAST RETAILING
2.19%
SHIN-ETSU CHEM
2.11%
KEYENCE
1.85%
HEWJ
TOYOTA
4.10%
MITSUBISHI UFJ FINANCIAL GROUP
4.02%
HITACHI
2.80%
SONY GROUP CORPORATION
2.70%
SUMITOMO MITSUI
2.51%
MITSUBISHI
2.35%
TOKYO ELECTRON
2.28%
ADVANTEST
2.13%
MIZUHO FINANCIAL
2.07%
MITSUI
2.02%
MITSUBISHI HVY
1.85%
TOKIO MARINE HOLDINGS
1.84%
SOFTBANK GROUP CORP
1.81%
FAST RETAILING
1.61%
ITOCHU
1.61%
Frequently asked questions about DXJ and HEWJ
How have the DXJ and HEWJ ETFs performed in 2026?
As of April 29, 2026, DXJ is up 13.76% year-to-date (YTD), while HEWJ has returned 11.24%. That puts DXJ better performer ahead so far this year.
Which ETF is attracting more investor money: DXJ or HEWJ?
Year-to-date, the DXJ ETF saw +$417M in flows, compared to +$200M for HEWJ.
Which ETF is more volatile: DXJ or HEWJ?
Over the past year, DXJ had a volatility of 18.6%, while HEWJ experienced 18.94%.
Which ETF is bigger: DXJ or HEWJ?
As of April 29, 2026, DXJ holds $6.22 B in assets under management (AUM), while HEWJ manages $749.71 M.
What sectors do the DXJ and HEWJ ETFs invest in?
DXJ leans toward sectors like Industrials, Consumer Discretionary and Information Technology. Meanwhile, HEWJ focuses on Industrials, Financials and Consumer Discretionary.
What are the top holdings of the DXJ ETF and HEWJ ETF?
DXJ top holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and MITSUBISHI. HEWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.
Which ETF is more diversified: DXJ or HEWJ?
DXJ holds 139 securities with 47.24% of its assets in the top 15. HEWJ has 179 securities and a top 15 weight of 35.71%.
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