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, Finance and Industrials. EWJ is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 1.02% for HEWJ. EWJ is up 19.06% year-to-date (YTD) with +$4.85B in YTD flows. HEWJ performs better with 22.82% YTD performance, and +$26M 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 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWJ HEWJ | -1.21%+0.70% | +2.35%+0.19% | +19.06%+22.82% | +22.58%+31.94% | +74.60%+107.56% | +55.82%+158.68% |
| Flows | EWJ HEWJ | +$508M-$32M | +$694M-$97M | +$4.85B+$26M | +$5.51B+$39M | +$3.28B+$176M | +$4.75B-$120M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWJ HEWJ | +19.95%+17.13% | +22.05%+19.06% | +20.28%+20.63% | +19.05%+19.21% |
| Max drawdown | EWJ HEWJ | -4.29%-5.14% | -13.62%-10.13% | -15.70%-21.20% | -29.55%-21.20% |
| Max drawdown duration | EWJ HEWJ | 28d50d | 111d69d | 225d351d | 827d351d |
Trading data
EWJ | HEWJ | |
Last sale 10/16/2026 at 1:30 PM | $94.88 | $63.91 |
| Previous close 10/15/2026 | $95.43 | $64.35 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 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 10/16/2026 at 1:30 PM
Live
Closed
EWJ | HEWJ | |
|---|---|---|
| Last price | $94.88 | $63.91 |
| 1D performance | -0.58% | -0.69% |
| AuM | $23.42 B | $643.14 M |
| E/R | 0.49% | 1.02% |
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Exposure
Countries
EWJ
Japan
99.78%
Other
0.22%
HEWJ
Japan
99.82%
Other
0.18%
Sectors
EWJ
Technology
24.99%
Finance
20.85%
Industrials
18.53%
Consumer Cyclical.
9.58%
Consumer Non-Cycl.
7.29%
Other
18.77%
HEWJ
Technology
25%
Finance
20.86%
Industrials
18.54%
Consumer Cyclical.
9.59%
Consumer Non-Cycl.
7.29%
Other
18.73%
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Diversification
EWJ
Total weight of top 15 holdings out of 15
39.1%
HEWJ
Total weight of top 15 holdings out of 15
39.12%
Top 15 holdings
Data as of August 31, 2026
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.63%
Toyota Motor Corp.
3.53%
Sumitomo Mitsui Financial Group, Inc.
2.99%
Tokyo Electron Ltd.
2.96%
Advantest Corp.
2.90%
Recruit Holdings Co., Ltd.
2.84%
Hitachi Ltd.
2.83%
Sony Group Corp.
2.75%
Mizuho Financial Group, Inc.
2.36%
SoftBank Group Corp.
2.27%
Kioxia Holdings Corp.
2.26%
KEYENCE Corp.
1.86%
Mitsubishi Corp.
1.73%
Tokio Marine Holdings, Inc.
1.62%
Fast Retailing Co., Ltd.
1.56%
HEWJ
Mitsubishi UFJ Financial Group, Inc.
4.63%
Toyota Motor Corp.
3.53%
Sumitomo Mitsui Financial Group, Inc.
2.99%
Tokyo Electron Ltd.
2.96%
Advantest Corp.
2.91%
Recruit Holdings Co., Ltd.
2.84%
Hitachi Ltd.
2.83%
Sony Group Corp.
2.75%
Mizuho Financial Group, Inc.
2.36%
SoftBank Group Corp.
2.28%
Kioxia Holdings Corp.
2.26%
KEYENCE Corp.
1.86%
Mitsubishi Corp.
1.73%
Tokio Marine Holdings, Inc.
1.62%
Fast Retailing Co., Ltd.
1.56%
Frequently asked questions about EWJ and HEWJ
How have the EWJ and HEWJ ETFs performed in 2026?
As of October 15, 2026, EWJ is up 19.06% year-to-date (YTD), while HEWJ has returned 22.82%. 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 +$4.85B in flows, compared to +$26M for HEWJ.
Which ETF is more volatile: EWJ or HEWJ?
Over the past year, EWJ had a volatility of 22.05%, while HEWJ experienced 19.06%.
Which ETF is bigger: EWJ or HEWJ?
As of October 15, 2026, EWJ holds $23.42 B in assets under management (AUM), while HEWJ manages $643.14 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 168 securities with 39.1% of its assets in the top 15. HEWJ has 168 securities and a top 15 weight of 39.12%.
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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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