HEWJvsDXJETF Comparison
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iShares Currency Hedged MSCI Japan ETF (HEWJ) and WisdomTree Japan Hedged Equity Fund (DXJ) belong to the same industry segment: Japan Blended Cap. HEWJ's top 3 sector exposures are Technology, Finance and Industrials. In contrast, DXJ's top sector exposures are Finance, Industrials and Consumer Cyclicals. HEWJ is more expensive with a Total Expense Ratio (TER) of 1.02%, versus 0.48% for DXJ. HEWJ is up 22.55% year-to-date (YTD) with +$26M in YTD flows. DXJ performs better with 24.87% YTD performance, and +$709M in YTD flows. Run a side-by-side ETF comparison of HEWJ and DXJ 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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HEWJ vs DXJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEWJ DXJ | -1.07%-0.95% | +1.10%-0.07% | +22.55%+24.87% | +26.81%+32.02% | +113.55%+122.68% | +162.97%+225.03% |
| Flows | HEWJ DXJ | -$106K+$127M | -$97M-$140M | +$26M+$709M | +$39M+$1.10B | +$169M+$925M | -$124M+$1.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEWJ DXJ | +16.21%+16.24% | +19.09%+20.19% | +20.65%+22.66% | +19.22%+20.24% |
| Max drawdown | HEWJ DXJ | -5.88%-4.30% | -10.13%-11.75% | -21.20%-26.55% | -21.20%-26.55% |
| Max drawdown duration | HEWJ DXJ | 21d15d | 69d72d | 351d250d | 351d250d |
Trading data
HEWJ | DXJ | |
Last sale 10/28/2026 at 1:30 PM | $64.01 | $59.46 |
| Previous close 10/27/2026 | $63.73 | $59.89 |
| Consolidated volume 10/27/2026 | ||
| 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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HEWJ | DXJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
HEWJ | DXJ | |
|---|---|---|
| Last price | $64.01 | $59.46 |
| 1D performance | +0.44% | -0.72% |
| AuM | $641.73 M | $7.10 B |
| E/R | 1.02% | 0.48% |
Characteristics
HEWJ | DXJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | WisdomTree |
| Benchmark | MSCI Japan Index | WisdomTree Japan Hedged Equity Index |
| N° of holdings | 2 | 426 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 31, 2014 | June 16, 2006 |
| ESG | No | No |
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Exposure
Countries
HEWJ
Japan
99.82%
Other
0.18%
DXJ
Japan
99.46%
Other
0.54%
Sectors
HEWJ
Technology
25%
Finance
20.86%
Industrials
18.54%
Consumer Cyclical.
9.59%
Consumer Non-Cycl.
7.29%
Other
18.73%
DXJ
Finance
21.05%
Industrials
18.25%
Consumer Cyclical.
14.59%
Technology
14.5%
Non-Energy Materi.
11.69%
Consumer Non-Cycl.
8.41%
Other
11.51%
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Diversification
HEWJ
Total weight of top 2 holdings out of 2
100.08%
DXJ
Total weight of top 15 holdings out of 15
38.95%
Top 15 holdings
Data as of August 31, 2026
HEWJ
US46434G8226
100.05%
BlackRock Cash Funds - Treasury
0.03%
DXJ
Mitsubishi UFJ Financial Group, Inc.
4.94%
Toyota Motor Corp.
4.05%
Sumitomo Mitsui Financial Group, Inc.
3.94%
Tokio Marine Holdings, Inc.
3.08%
Mizuho Financial Group, Inc.
3.04%
Japan Tobacco, Inc.
2.50%
Mitsubishi Corp.
2.47%
NTT, Inc.
2.33%
Tokyo Electron Ltd.
2.29%
Takeda Pharmaceutical Co., Ltd.
1.86%
Mitsui & Co., Ltd.
1.82%
Honda Motor Co., Ltd.
1.80%
Sumitomo Corp.
1.74%
ITOCHU Corp.
1.74%
Toyota Tsusho Corp.
1.34%
Frequently asked questions about HEWJ and DXJ
How have the HEWJ and DXJ ETFs performed in 2026?
As of October 27, 2026, HEWJ is up 22.55% year-to-date (YTD), while DXJ has returned 24.87%. That puts DXJ better performer ahead so far this year.
Which ETF is attracting more investor money: HEWJ or DXJ?
Year-to-date, the HEWJ ETF saw +$26M in flows, compared to +$709M for DXJ.
Which ETF is more volatile: HEWJ or DXJ?
Over the past year, HEWJ had a volatility of 19.09%, while DXJ experienced 20.19%.
Which ETF is bigger: HEWJ or DXJ?
As of October 27, 2026, HEWJ holds $641.73 M in assets under management (AUM), while DXJ manages $7.10 B.
What sectors do the HEWJ and DXJ ETFs invest in?
HEWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, DXJ focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the HEWJ ETF and DXJ ETF?
HEWJ top holdings include US46434G8226 and BlackRock Cash Funds - Treasury. DXJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Toyota Motor Corp. and Sumitomo Mitsui Financial Group, Inc..
Which ETF is more diversified: HEWJ or DXJ?
HEWJ holds 168 securities with 100.08% of its assets in the top 15. DXJ has 426 securities and a top 15 weight of 38.95%.
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