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EWJvsHEWJETF Comparison

ETF 1

EWJ

iShares MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.32%

Full EWJ fund page

VS

ETF 2

HEWJ

iShares Currency Hedged MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.32%

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: Industrials, Financials and Consumer Discretionary. EWJ is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 1.02% for HEWJ. EWJ is up 11.43% year-to-date (YTD) with +$3.44B in YTD flows. HEWJ performs better with 14.27% YTD performance, and +$183M 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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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWJ HEWJ	+5.72%+6.06%	+7.01%+8.98%	+11.43%+14.27%	+38.34%+60.38%	+67.93%+125.72%	+44.72%+155.18%
Flows	EWJ HEWJ	+$289M-$30M	+$2.95B+$177M	+$3.44B+$183M	+$2.61B+$219M	+$4.45B+$338M	+$3.57B+$251M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWJ HEWJ	+27.15%+23.52%	+20.61%+19.16%	+19.18%+20.26%	+18.46%+18.95%
Max drawdown	EWJ HEWJ	-13.62%-10.13%	-13.62%-10.13%	-15.70%-21.20%	-33.16%-21.20%
Max drawdown duration	EWJ HEWJ	65d51d	65d51d	225d351d	902d351d

Trading data

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	EWJ	HEWJ
Last sale 4/17/2026 at 1:30 PM	$90.19	$60.18
Previous close 04/16/2026	$89.41	$59.77
Consolidated volume 04/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 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 4/17/2026 at 1:30 PM

Live

Closed

	EWJ	HEWJ
Last price	$90.19	$60.18
1D performance	+0.87%	+0.69%
AuM	$20.73 B	$752.09 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	179	179
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

99.86%

Other

0.14%

HEWJ

Japan

99.81%

Other

0.19%

Sectors

EWJ

Industrials

26.24%

Financials

17.61%

Consumer Discreti.

16.08%

Information Techn.

14.06%

Other

26.01%

HEWJ

Industrials

26.22%

Financials

17.6%

Consumer Discreti.

16.08%

Information Techn.

14.05%

Other

26.05%

Diversification

EWJ

Total weight of top 15 holdings out of 15

36.62%

HEWJ

Total weight of top 15 holdings out of 15

36.6%

Top 15 holdings

Data as of February 28, 2026

EWJ

TOYOTA

4.43%

MITSUBISHI UFJ FINANCIAL GROUP

4.15%

HITACHI

2.92%

SUMITOMO MITSUI

2.67%

ADVANTEST

2.66%

SONY GROUP CORPORATION

2.59%

TOKYO ELECTRON

2.51%

MIZUHO FINANCIAL

2.15%

MITSUBISHI

2.06%

SOFTBANK GROUP CORP

1.99%

MITSUBISHI HVY

1.95%

MITSUI

1.75%

ITOCHU

1.64%

FAST RETAILING

1.60%

KEYENCE

1.57%

HEWJ

TOYOTA

4.43%

MITSUBISHI UFJ FINANCIAL GROUP

4.15%

HITACHI

2.92%

SUMITOMO MITSUI

2.67%

ADVANTEST

2.66%

SONY GROUP CORPORATION

2.58%

TOKYO ELECTRON

2.51%

MIZUHO FINANCIAL

2.15%

MITSUBISHI

2.06%

SOFTBANK GROUP CORP

1.98%

MITSUBISHI HVY

1.94%

MITSUI

1.74%

ITOCHU

1.64%

FAST RETAILING

1.60%

KEYENCE

1.57%

Frequently asked questions about EWJ and HEWJ

How have the EWJ and HEWJ ETFs performed in 2026?

As of April 17, 2026, EWJ is up 11.43% year-to-date (YTD), while HEWJ has returned 14.27%. 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 +$3.44B in flows, compared to +$183M for HEWJ.

Which ETF is more volatile: EWJ or HEWJ?

Over the past year, EWJ had a volatility of 20.61%, while HEWJ experienced 19.16%.

Which ETF is bigger: EWJ or HEWJ?

As of April 17, 2026, EWJ holds $20.73 B in assets under management (AUM), while HEWJ manages $752.09 M.

What sectors do the EWJ and HEWJ ETFs invest in?

EWJ leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, HEWJ focuses on Industrials, Financials and Consumer Discretionary.

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

EWJ top holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI. HEWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.

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 April 17, 2026, EWJ is up 11.43% year-to-date (YTD), while HEWJ has returned 14.27%. 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 +$3.44B in flows, compared to +$183M for HEWJ.

Which ETF is more volatile: EWJ or HEWJ?

Over the past year, EWJ had a volatility of 20.61%, while HEWJ experienced 19.16%.

Which ETF is bigger: EWJ or HEWJ?

As of April 17, 2026, EWJ holds $20.73 B in assets under management (AUM), while HEWJ manages $752.09 M.

What sectors do the EWJ and HEWJ ETFs invest in?

EWJ leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, HEWJ focuses on Industrials, Financials and Consumer Discretionary.

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

EWJ top holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI. HEWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.

Which ETF is more diversified: EWJ or HEWJ?

EWJ holds 182 securities with 36.62% of its assets in the top 15. HEWJ has 182 securities and a top 15 weight of 36.6%.

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