FJPvsEWJETF Comparison
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First Trust Japan AlphaDEX Fund ETF (FJP) and iShares MSCI Japan ETF (EWJ) belong to the same industry segment: Japan Blended Cap. FJP's top 3 sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. In contrast, EWJ's top sector exposures are Technology, Industrials and Finance. FJP is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.49% for EWJ. FJP is up 11.73% year-to-date (YTD) with +$20M in YTD flows. EWJ performs better with 12.95% YTD performance, and +$4.15B in YTD flows. Run a side-by-side ETF comparison of FJP and EWJ 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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FJP vs EWJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FJP EWJ | -3.78%-3.92% | -1.86%+1.37% | +11.73%+12.95% | +31.39%+30.37% | +66.19%+58.20% | +68.42%+53.82% |
| Flows | FJP EWJ | +$5M-$125M | +$13M+$802M | +$20M+$4.15B | +$26M+$3.05B | -$10M+$2.66B | +$124M+$5.53B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FJP EWJ | +24.17%+23.70% | +21.41%+22.42% | +21.24%+19.90% | +20.42%+18.85% |
| Max drawdown | FJP EWJ | -10.14%-6.56% | -14.92%-13.62% | -19.54%-15.70% | -30.90%-33.16% |
| Max drawdown duration | FJP EWJ | 64d25d | 137d111d | 186d225d | 849d902d |
Trading data
FJP | EWJ | |
Last sale 7/17/2026 at 1:30 PM | $72.83 | $90.49 |
| Previous close 07/16/2026 | $73.95 | $91.91 |
| 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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FJP | EWJ | |
|---|---|---|
| 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
FJP | EWJ | |
|---|---|---|
| Last price | $72.83 | $90.49 |
| 1D performance | -1.51% | -1.54% |
| AuM | $248.22 M | $21.58 B |
| E/R | 0.8% | 0.49% |
Characteristics
FJP | EWJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Japan Index | MSCI Japan Index |
| N° of holdings | 96 | 169 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 18, 2011 | March 12, 1996 |
| ESG | No | No |
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Exposure
Countries
FJP
Japan
95.03%
Other
4.97%
EWJ
Japan
99.13%
Other
0.87%
Sectors
FJP
Industrials
24.28%
Non-Energy Materi.
19.45%
Consumer Cyclical.
13.55%
Technology
12.62%
Finance
8.99%
Other
21.11%
EWJ
Technology
23.15%
Industrials
19.68%
Finance
18.76%
Consumer Cyclical.
9.95%
Consumer Non-Cycl.
7.31%
Other
21.14%
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Diversification
FJP
Total weight of top 15 holdings out of 15
30.82%
EWJ
Total weight of top 15 holdings out of 15
37.76%
Top 15 holdings
Data as of May 31, 2026
FJP
Mitsui Kinzoku Co., Ltd.
4.30%
IBIDEN Co., Ltd.
2.74%
NGK Corp.
2.67%
Resonac Holdings Corp.
2.39%
Sumitomo Electric Industries Ltd.
2.35%
Fujikura Ltd.
1.81%
Toyota Tsusho Corp.
1.76%
Kandenko Co., Ltd.
1.70%
Kawasaki Kisen Kaisha, Ltd.
1.67%
Seiko Epson Corp.
1.66%
Mitsui O.S.K. Lines, Ltd.
1.61%
Sumitomo Metal Mining Co. Ltd.
1.59%
TOKYO OHKA KOGYO CO., LTD.
1.55%
INPEX Corp.
1.54%
Sumitomo Chemical Co., Ltd.
1.48%
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%
Frequently asked questions about FJP and EWJ
How have the FJP and EWJ ETFs performed in 2026?
As of July 16, 2026, FJP is up 11.73% year-to-date (YTD), while EWJ has returned 12.95%. That puts EWJ better performer ahead so far this year.
Which ETF is attracting more investor money: FJP or EWJ?
Year-to-date, the FJP ETF saw +$20M in flows, compared to +$4.15B for EWJ.
Which ETF is more volatile: FJP or EWJ?
Over the past year, FJP had a volatility of 21.41%, while EWJ experienced 22.42%.
Which ETF is bigger: FJP or EWJ?
As of July 16, 2026, FJP holds $248.22 M in assets under management (AUM), while EWJ manages $21.58 B.
What sectors do the FJP and EWJ ETFs invest in?
FJP leans toward sectors like Industrials, Non-Energy Materials and Consumer Cyclicals. Meanwhile, EWJ focuses on Technology, Industrials and Finance.
What are the top holdings of the FJP ETF and EWJ ETF?
FJP top holdings include Mitsui Kinzoku Co., Ltd., IBIDEN Co., Ltd. and NGK Corp.. EWJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and SoftBank Group Corp..
Which ETF is more diversified: FJP or EWJ?
FJP holds 96 securities with 30.82% of its assets in the top 15. EWJ has 169 securities and a top 15 weight of 37.76%.
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Latest news about FJP & EWJ
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EWJ
Tony's ETF Buyers Guide: Japanese Equity ETFs
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Japan Stocks Outperform Amid Controlled Inflation and Accommodating Monetary Policy
January 16, 2024
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An introduction to Country-Based ETFs
July 7, 2022
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