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 Industrials, Financials and Consumer Discretionary. In contrast, DXJ's top sector exposures are Industrials, Consumer Discretionary and Information Technology. HEWJ is more expensive with a Total Expense Ratio (TER) of 1.02%, versus 0.48% for DXJ. HEWJ is up 11.24% year-to-date (YTD) with +$200M in YTD flows. DXJ performs better with 13.76% YTD performance, and +$417M 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 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEWJ DXJ | +7.04%+4.66% | +6.35%+8.18% | +11.24%+13.76% | +47.07%+53.87% | +113.88%+141.04% | +151.28%+216.30% |
| Flows | HEWJ DXJ | -$4M-$6M | +$195M-$61M | +$200M+$417M | +$245M+$1.11B | +$358M+$1.70B | +$317M+$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEWJ DXJ | +23.24%+27.57% | +18.94%+18.60% | +20.28%+22.39% | +18.94%+20.08% |
| Max drawdown | HEWJ DXJ | -10.13%-11.75% | -10.13%-11.75% | -21.20%-26.55% | -21.20%-26.55% |
| Max drawdown duration | HEWJ DXJ | 63d59d | 63d59d | 351d250d | 351d250d |
Trading data
HEWJ | DXJ | |
Last sale 4/30/2026 at 1:30 PM | $58.86 | $162.01 |
| Previous close 04/29/2026 | $58.62 | $161.22 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/30/2026 at 1:30 PM
Live
Closed
HEWJ | DXJ | |
|---|---|---|
| Last price | $58.86 | $162.01 |
| 1D performance | +0.41% | +0.49% |
| AuM | $749.71 M | $6.22 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 | 177 | 137 |
| 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
98.65%
Other
1.35%
DXJ
Japan
99.02%
Other
0.98%
Sectors
HEWJ
Industrials
25.8%
Financials
17.51%
Consumer Discreti.
15.7%
Information Techn.
13%
Other
27.99%
DXJ
Industrials
28.64%
Consumer Discreti.
19.63%
Information Techn.
15.09%
Financials
14.06%
Health Care
8.47%
Other
14.11%
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Diversification
HEWJ
Total weight of top 15 holdings out of 15
35.71%
DXJ
Total weight of top 15 holdings out of 15
47.24%
Top 15 holdings
Data as of March 31, 2026
HEWJ
TOYOTA
4.10%
MITSUBISHI UFJ FINANCIAL GROUP
4.02%
HITACHI
2.80%
SONY GROUP CORPORATION
2.70%
SUMITOMO MITSUI
2.51%
MITSUBISHI
2.35%
TOKYO ELECTRON
2.28%
ADVANTEST
2.13%
MIZUHO FINANCIAL
2.07%
MITSUI
2.02%
MITSUBISHI HVY
1.85%
TOKIO MARINE HOLDINGS
1.84%
SOFTBANK GROUP CORP
1.81%
FAST RETAILING
1.61%
ITOCHU
1.61%
DXJ
TOYOTA
6.35%
MITSUBISHI UFJ FINANCIAL GROUP
5.23%
MITSUBISHI
3.63%
HITACHI
3.47%
SONY GROUP CORPORATION
3.34%
SUMITOMO MITSUI
3.27%
TOKYO ELECTRON
2.98%
MITSUI
2.93%
MIZUHO FINANCIAL
2.57%
ADVANTEST
2.52%
MITSUBISHI HVY
2.41%
TOKIO MARINE HOLDINGS
2.39%
FAST RETAILING
2.19%
SHIN-ETSU CHEM
2.11%
KEYENCE
1.85%
Frequently asked questions about HEWJ and DXJ
How have the HEWJ and DXJ ETFs performed in 2026?
As of April 29, 2026, HEWJ is up 11.24% year-to-date (YTD), while DXJ has returned 13.76%. 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 +$200M in flows, compared to +$417M for DXJ.
Which ETF is more volatile: HEWJ or DXJ?
Over the past year, HEWJ had a volatility of 18.94%, while DXJ experienced 18.6%.
Which ETF is bigger: HEWJ or DXJ?
As of April 29, 2026, HEWJ holds $749.71 M in assets under management (AUM), while DXJ manages $6.22 B.
What sectors do the HEWJ and DXJ ETFs invest in?
HEWJ leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, DXJ focuses on Industrials, Consumer Discretionary and Information Technology.
What are the top holdings of the HEWJ ETF and DXJ ETF?
HEWJ top holdings include TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI. DXJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and MITSUBISHI.
Which ETF is more diversified: HEWJ or DXJ?
HEWJ holds 179 securities with 35.71% of its assets in the top 15. DXJ has 139 securities and a top 15 weight of 47.24%.
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