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: Technology, Industrials and Finance. EWJ is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 1.02% for HEWJ. EWJ is up 12.95% year-to-date (YTD) with +$4.15B in YTD flows. HEWJ performs better with 18.81% YTD performance, and +$123M 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 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWJ HEWJ | -3.92%-3.00% | +1.37%+3.97% | +12.95%+18.81% | +30.37%+47.17% | +58.20%+110.37% | +53.82%+172.05% |
| Flows | EWJ HEWJ | -$125M+$36M | +$802M-$63M | +$4.15B+$123M | +$3.05B+$193M | +$2.66B+$292M | +$5.53B-$13M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWJ HEWJ | +23.70%+20.66% | +22.42%+19.91% | +19.90%+20.50% | +18.85%+19.17% |
| Max drawdown | EWJ HEWJ | -6.56%-5.98% | -13.62%-10.13% | -15.70%-21.20% | -33.16%-21.20% |
| Max drawdown duration | EWJ HEWJ | 25d25d | 111d69d | 225d351d | 902d351d |
Trading data
EWJ | HEWJ | |
Last sale 7/17/2026 at 1:30 PM | $90.49 | $62.12 |
| Previous close 07/16/2026 | $91.91 | $63.14 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/17/2026 at 1:30 PM
Live
Closed
EWJ | HEWJ | |
|---|---|---|
| Last price | $90.49 | $62.12 |
| 1D performance | -1.54% | -1.62% |
| AuM | $21.58 B | $715.47 M |
| E/R | 0.49% | 1.02% |
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Exposure
Countries
EWJ
Japan
99.13%
Other
0.87%
HEWJ
Japan
99.23%
Other
0.77%
Sectors
EWJ
Technology
23.15%
Industrials
19.68%
Finance
18.76%
Consumer Cyclical.
9.95%
Consumer Non-Cycl.
7.31%
Other
21.14%
HEWJ
Technology
23.18%
Industrials
19.7%
Finance
18.78%
Consumer Cyclical.
9.96%
Consumer Non-Cycl.
7.32%
Other
21.06%
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Diversification
EWJ
Total weight of top 15 holdings out of 15
37.76%
HEWJ
Total weight of top 15 holdings out of 15
37.79%
Top 15 holdings
Data as of May 31, 2026
EWJ
Mitsubishi UFJ Financial Group, Inc.
3.91%
Toyota Motor Corp.
3.52%
SoftBank Group Corp.
3.40%
Tokyo Electron Ltd.
2.87%
Hitachi Ltd.
2.79%
Sumitomo Mitsui Financial Group, Inc.
2.59%
Kioxia Holdings Corp.
2.54%
Sony Group Corp.
2.46%
Advantest Corp.
2.34%
Mizuho Financial Group, Inc.
2.08%
Fast Retailing Co., Ltd.
1.92%
Murata Manufacturing Co. Ltd.
1.90%
Mitsubishi Corp.
1.87%
KEYENCE Corp.
1.85%
Recruit Holdings Co., Ltd.
1.71%
HEWJ
Mitsubishi UFJ Financial Group, Inc.
3.92%
Toyota Motor Corp.
3.53%
SoftBank Group Corp.
3.40%
Tokyo Electron Ltd.
2.87%
Hitachi Ltd.
2.79%
Sumitomo Mitsui Financial Group, Inc.
2.59%
Kioxia Holdings Corp.
2.54%
Sony Group Corp.
2.46%
Advantest Corp.
2.34%
Mizuho Financial Group, Inc.
2.08%
Fast Retailing Co., Ltd.
1.92%
Murata Manufacturing Co. Ltd.
1.91%
Mitsubishi Corp.
1.87%
KEYENCE Corp.
1.85%
Recruit Holdings Co., Ltd.
1.71%
Frequently asked questions about EWJ and HEWJ
How have the EWJ and HEWJ ETFs performed in 2026?
As of July 17, 2026, EWJ is up 12.95% year-to-date (YTD), while HEWJ has returned 18.81%. 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 +$4.15B in flows, compared to +$123M for HEWJ.
Which ETF is more volatile: EWJ or HEWJ?
Over the past year, EWJ had a volatility of 22.42%, while HEWJ experienced 19.91%.
Which ETF is bigger: EWJ or HEWJ?
As of July 17, 2026, EWJ holds $21.58 B in assets under management (AUM), while HEWJ manages $715.47 M.
What sectors do the EWJ and HEWJ ETFs invest in?
EWJ leans toward sectors like Technology, Industrials and Finance. Meanwhile, HEWJ focuses on Technology, Industrials and Finance.
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 SoftBank Group Corp.. HEWJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and SoftBank Group Corp..
Which ETF is more diversified: EWJ or HEWJ?
EWJ holds 169 securities with 37.76% of its assets in the top 15. HEWJ has 169 securities and a top 15 weight of 37.79%.
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Latest news about EWJ & HEWJ
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Japan Stocks Outperform Amid Controlled Inflation and Accommodating Monetary Policy
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An introduction to Country-Based ETFs
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