EWJvsJPANETF Comparison
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iShares MSCI Japan ETF (EWJ) and Matthews Japan Active ETF (JPAN) 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 0.79% for JPAN. EWJ is up 22.05% year-to-date (YTD) with +$4.29B in YTD flows. JPAN performs worse with 20.63% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of EWJ and JPAN 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 JPAN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EWJ JPAN | +2.17%+0.19% | +6.97%+6.90% | +22.05%+20.63% | +26.37%+25.65% | +73.30%n/a | +52.75%n/a |
| Flows | EWJ JPAN | +$377M- | +$533M+$2M | +$4.29B+$3M | +$4.25B+$3M | +$2.20B- | +$5.22B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EWJ JPAN | +24.04%+23.05% | +22.22%+23.10% | +20.21%n/a | +19.02%n/a |
| Max drawdown | EWJ JPAN | -7.85%-8.30% | -13.62%-14.82% | -15.70%n/a | -33.16%n/a |
| Max drawdown duration | EWJ JPAN | 50d50d | 111d85d | 225dn/a | 902dn/a |
Trading data
EWJ | JPAN | |
Last sale 9/10/2026 at 2:20 PM | $96.80 | $42.61 |
| Previous close 09/09/2026 | $97.00 | $43.24 |
| Consolidated volume 09/09/2026 | ||
| 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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JPAN
is actively managed and doesn’t replicate an indexEWJ | JPAN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 2:20 PM
Live
Closed
EWJ | JPAN | |
|---|---|---|
| Last price | $96.80 | $42.61 |
| 1D performance | -0.21% | -1.46% |
| AuM | $23.45 B | $10.34 M |
| E/R | 0.49% | 0.79% |
Characteristics
EWJ | JPAN | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Matthews Asia |
| Benchmark | MSCI Japan Index | - |
| N° of holdings | 169 | 52 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 12, 1996 | September 22, 2023 |
| ESG | No | Yes |
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Exposure
Countries
EWJ
Japan
99.78%
Other
0.22%
JPAN
Japan
97.52%
Other
2.48%
Sectors
EWJ
Technology
22.4%
Finance
21.56%
Industrials
19.14%
Consumer Cyclical.
10.22%
Consumer Non-Cycl.
7.6%
Other
19.08%
JPAN
Technology
27.18%
Finance
24.98%
Industrials
24.88%
Other
22.97%
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Diversification
EWJ
Total weight of top 15 holdings out of 15
37.98%
JPAN
Total weight of top 15 holdings out of 15
48.43%
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%
JPAN
Mitsubishi UFJ Financial Group, Inc.
4.66%
Sumitomo Mitsui Financial Group, Inc.
4.19%
Tokyo Electron Ltd.
4.18%
Advantest Corp.
4.08%
Recruit Holdings Co., Ltd.
3.78%
Sony Group Corp.
3.66%
Hitachi Ltd.
3.57%
Tokio Marine Holdings, Inc.
3.11%
ORIX Corp.
2.66%
NEC Corp.
2.56%
KEYENCE Corp.
2.55%
Panasonic Holdings Corp.
2.45%
MS&AD Insurance Group Holdings, Inc.
2.35%
Japan Post Bank Co., Ltd.
2.32%
Sumitomo Corp.
2.32%
Frequently asked questions about EWJ and JPAN
How have the EWJ and JPAN ETFs performed in 2026?
As of September 8, 2026, EWJ is up 22.05% year-to-date (YTD), while JPAN has returned 20.63%. That puts EWJ better performer ahead so far this year.
Which ETF is attracting more investor money: EWJ or JPAN?
Year-to-date, the EWJ ETF saw +$4.29B in flows, compared to +$3M for JPAN.
Which ETF is more volatile: EWJ or JPAN?
Over the past year, EWJ had a volatility of 22.22%, while JPAN experienced 23.1%.
Which ETF is bigger: EWJ or JPAN?
As of September 8, 2026, EWJ holds $23.45 B in assets under management (AUM), while JPAN manages $10.34 M.
What sectors do the EWJ and JPAN ETFs invest in?
EWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, JPAN focuses on Technology, Finance and Industrials.
What are the top holdings of the EWJ ETF and JPAN ETF?
EWJ top holdings include Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc.. JPAN holds in its top three: Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. and Tokyo Electron Ltd..
Which ETF is more diversified: EWJ or JPAN?
EWJ holds 169 securities with 37.98% of its assets in the top 15. JPAN has 52 securities and a top 15 weight of 48.43%.
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