EWJvsHEWJETF Comparison
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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: Industrials, Financials and Information Technology. EWJ is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 1.02% for HEWJ. EWJ is up 16% year-to-date (YTD) with +$3.38B in YTD flows. HEWJ performs better with 19.98% YTD performance, and +$93M 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
Historic performance and flows
Data as of 06/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWJ HEWJ | +5.34%+8.24% | +2.82%+6.42% | +16.00%+19.98% | +30.07%+51.36% | +66.25%+114.17% | +53.64%+166.48% |
| Flows | EWJ HEWJ | -$126M-$69M | +$997M+$33M | +$3.38B+$93M | +$2.59B+$153M | +$3.56B+$287M | +$3.86B-$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWJ HEWJ | +26.04%+20.87% | +20.91%+18.32% | +19.37%+20.13% | +18.45%+18.90% |
| Max drawdown | EWJ HEWJ | -10.90%-8.50% | -13.62%-10.13% | -15.70%-21.20% | -33.16%-21.20% |
| Max drawdown duration | EWJ HEWJ | 64d36d | 111d69d | 225d351d | 902d351d |
Trading data
EWJ | HEWJ | |
Last sale 6/3/2026 at 1:30 PM | $93.94 | $63.46 |
| Previous close 06/02/2026 | $93.58 | $63.11 |
| Consolidated volume 06/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 | ||
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Main metrics
Last update 6/3/2026 at 1:30 PM
Live
Closed
EWJ | HEWJ | |
|---|---|---|
| Last price | $93.94 | $63.46 |
| 1D performance | +0.38% | +0.55% |
| AuM | $21.51 B | $698.06 M |
| E/R | 0.49% | 1.02% |
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Exposure
Countries
EWJ
Japan
98.99%
Other
1.01%
HEWJ
Japan
98.98%
Other
1.02%
Sectors
EWJ
Industrials
25.86%
Financials
17.34%
Information Techn.
15.11%
Consumer Discreti.
14.91%
Other
26.78%
HEWJ
Industrials
25.86%
Financials
17.33%
Information Techn.
15.11%
Consumer Discreti.
14.91%
Other
26.79%
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Diversification
EWJ
Total weight of top 15 holdings out of 15
36.57%
HEWJ
Total weight of top 15 holdings out of 15
36.57%
Top 15 holdings
Data as of April 30, 2026
EWJ
MITSUBISHI UFJ FINANCIAL GROUP
4.06%
TOYOTA
3.66%
HITACHI
2.86%
ADVANTEST
2.76%
SUMITOMO MITSUI
2.58%
TOKYO ELECTRON
2.54%
SOFTBANK GROUP CORP
2.48%
SONY GROUP CORPORATION
2.45%
MIZUHO FINANCIAL
2.14%
MITSUBISHI
2.05%
MITSUBISHI HVY
1.89%
MITSUI
1.86%
FAST RETAILING
1.79%
KEYENCE
1.77%
TOKIO MARINE HOLDINGS
1.69%
HEWJ
MITSUBISHI UFJ FINANCIAL GROUP
4.06%
TOYOTA
3.66%
HITACHI
2.86%
ADVANTEST
2.76%
SUMITOMO MITSUI
2.58%
TOKYO ELECTRON
2.54%
SOFTBANK GROUP CORP
2.48%
SONY GROUP CORPORATION
2.45%
MIZUHO FINANCIAL
2.14%
MITSUBISHI
2.05%
MITSUBISHI HVY
1.89%
MITSUI
1.86%
FAST RETAILING
1.79%
KEYENCE
1.77%
TOKIO MARINE HOLDINGS
1.69%
Frequently asked questions about EWJ and HEWJ
How have the EWJ and HEWJ ETFs performed in 2026?
As of June 2, 2026, EWJ is up 16% year-to-date (YTD), while HEWJ has returned 19.98%. 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 +$3.38B in flows, compared to +$93M for HEWJ.
Which ETF is more volatile: EWJ or HEWJ?
Over the past year, EWJ had a volatility of 20.91%, while HEWJ experienced 18.32%.
Which ETF is bigger: EWJ or HEWJ?
As of June 2, 2026, EWJ holds $21.51 B in assets under management (AUM), while HEWJ manages $698.06 M.
What sectors do the EWJ and HEWJ ETFs invest in?
EWJ leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, HEWJ focuses on Industrials, Financials and Information Technology.
What are the top holdings of the EWJ ETF and HEWJ ETF?
EWJ top holdings include MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA and HITACHI. HEWJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA and HITACHI.
Which ETF is more diversified: EWJ or HEWJ?
EWJ holds 179 securities with 36.57% of its assets in the top 15. HEWJ has 179 securities and a top 15 weight of 36.57%.
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