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EWJvsHEWJETF Comparison

ETF 1

EWJ

iShares MSCI Japan ETF

This fund is part of

Japan Blended Cap

-0.24%

Full EWJ fund page

VS

ETF 2

HEWJ

iShares Currency Hedged MSCI Japan ETF

This fund is part of

Japan Blended Cap

-0.24%

Full HEWJ fund page

iShares MSCI Japan ETF (EWJ) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. EWJ is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 1.02% for HEWJ. EWJ is up 18.88% year-to-date (YTD) with +$4.00B in YTD flows. HEWJ performs better with 23.72% YTD performance, and +$148M in YTD flows. Run a side-by-side ETF comparison of EWJ 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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EWJ vs HEWJ performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWJ HEWJ	+2.02%+4.90%	+2.50%+4.02%	+18.88%+23.72%	+27.40%+41.50%	+68.02%+107.39%	+54.49%+168.64%
Flows	EWJ HEWJ	+$85M+$26M	+$762M+$11M	+$4.00B+$148M	+$3.96B+$222M	+$1.91B+$288M	+$4.93B+$22M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWJ HEWJ	+24.67%+22.26%	+22.23%+19.83%	+20.18%+20.66%	+19.04%+19.29%
Max drawdown	EWJ HEWJ	-7.85%-6.66%	-13.62%-10.13%	-15.70%-21.20%	-33.16%-21.20%
Max drawdown duration	EWJ HEWJ	50d51d	111d69d	225d351d	902d351d

Trading data

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	EWJ	HEWJ
Last sale 9/2/2026 at 1:30 PM	$96.04	$64.79
Previous close 09/01/2026	$95.22	$64.75
Consolidated volume 09/01/2026
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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	EWJ	HEWJ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	EWJ	HEWJ
Last price	$96.04	$64.79
1D performance	+0.86%	+0.06%
AuM	$22.55 B	$770.99 M
E/R	0.49%	1.02%

Characteristics

	EWJ	HEWJ
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Japan Index	MSCI Japan Index
N° of holdings	169	169
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 12, 1996	January 31, 2014
ESG	No	No

More EWJ data on Trackinsight

More HEWJ data on Trackinsight

Exposure

Countries

EWJ

Japan

99.78%

Other

0.22%

HEWJ

Japan

101.44%

Other

-1.44%

Sectors

EWJ

Technology

22.4%

Finance

21.56%

Industrials

19.14%

Consumer Cyclical.

10.22%

Consumer Non-Cycl.

7.6%

Other

19.08%

HEWJ

Technology

22.77%

Finance

21.92%

Industrials

19.46%

Consumer Cyclical.

10.39%

Consumer Non-Cycl.

7.72%

Other

17.73%

Diversification

EWJ

Total weight of top 15 holdings out of 15

37.98%

HEWJ

Total weight of top 15 holdings out of 15

38.61%

Top 15 holdings

Data as of July 31, 2026

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%

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 EWJ and HEWJ

How have the EWJ and HEWJ ETFs performed in 2026?

As of September 1, 2026, EWJ is up 18.88% year-to-date (YTD), while HEWJ has returned 23.72%. That puts HEWJ better performer ahead so far this year.

Which ETF is attracting more investor money: EWJ or HEWJ?

Year-to-date, the EWJ ETF saw +$4.00B in flows, compared to +$148M for HEWJ.

Which ETF is more volatile: EWJ or HEWJ?

Over the past year, EWJ had a volatility of 22.23%, while HEWJ experienced 19.83%.

Which ETF is bigger: EWJ or HEWJ?

As of September 1, 2026, EWJ holds $22.55 B in assets under management (AUM), while HEWJ manages $770.99 M.

What sectors do the EWJ and HEWJ ETFs invest in?

EWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, HEWJ focuses on Technology, Finance and Industrials.

What are the top holdings of the EWJ ETF and HEWJ ETF?

EWJ top holdings include Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc.. HEWJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc..

EWJvsHEWJETF Comparison

iShares MSCI Japan ETF

iShares Currency Hedged MSCI Japan ETF

EWJ vs HEWJ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EWJ and HEWJ ETFs performed in 2026?

As of September 1, 2026, EWJ is up 18.88% year-to-date (YTD), while HEWJ has returned 23.72%. That puts HEWJ better performer ahead so far this year.

Which ETF is attracting more investor money: EWJ or HEWJ?

Year-to-date, the EWJ ETF saw +$4.00B in flows, compared to +$148M for HEWJ.

Which ETF is more volatile: EWJ or HEWJ?

Over the past year, EWJ had a volatility of 22.23%, while HEWJ experienced 19.83%.

Which ETF is bigger: EWJ or HEWJ?

As of September 1, 2026, EWJ holds $22.55 B in assets under management (AUM), while HEWJ manages $770.99 M.

What sectors do the EWJ and HEWJ ETFs invest in?

EWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, HEWJ focuses on Technology, Finance and Industrials.

What are the top holdings of the EWJ ETF and HEWJ ETF?

EWJ top holdings include Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc.. 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: EWJ or HEWJ?

EWJ holds 169 securities with 37.98% of its assets in the top 15. HEWJ has 169 securities and a top 15 weight of 38.61%.

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