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 Technology. HEWJ is more expensive with a Total Expense Ratio (TER) of 1.02%, versus 0.48% for DXJ. HEWJ is up 21.21% year-to-date (YTD) with +$123M in YTD flows. DXJ performs better with 24.96% YTD performance, and +$849M 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 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEWJ DXJ | -0.53%+3.21% | +8.50%+11.24% | +21.21%+24.96% | +46.36%+50.69% | +110.35%+129.98% | +172.80%+239.27% |
| Flows | HEWJ DXJ | +$16M-$35M | -$80M+$440M | +$123M+$849M | +$196M+$1.62B | +$305M+$1.32B | -$15M+$1.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEWJ DXJ | +21.00%+18.84% | +19.58%+19.77% | +20.56%+22.69% | +19.19%+20.22% |
| Max drawdown | HEWJ DXJ | -5.98%-4.16% | -10.13%-11.75% | -21.20%-26.55% | -21.20%-26.55% |
| Max drawdown duration | HEWJ DXJ | 35d21d | 69d72d | 351d250d | 351d250d |
Trading data
HEWJ | DXJ | |
Last sale 7/28/2026 at 1:30 PM | $62.42 | $174.61 |
| Previous close 07/27/2026 | $63.54 | $177.54 |
| Consolidated volume 07/27/2026 | ||
| 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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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 7/28/2026 at 1:30 PM
Live
Closed
HEWJ | DXJ | |
|---|---|---|
| Last price | $62.42 | $174.61 |
| 1D performance | -1.76% | -1.65% |
| AuM | $729.96 M | $7.25 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 | 169 | 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
99.47%
Other
0.53%
DXJ
Japan
97.66%
Other
2.34%
Sectors
HEWJ
Technology
26.82%
Finance
19.46%
Industrials
18.27%
Consumer Cyclical.
9.31%
Consumer Non-Cycl.
7.05%
Other
19.08%
DXJ
Finance
18.94%
Industrials
18.14%
Technology
16.32%
Consumer Cyclical.
14.19%
Non-Energy Materi.
11.86%
Consumer Non-Cycl.
7.97%
Other
12.57%
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Diversification
HEWJ
Total weight of top 15 holdings out of 15
39.39%
DXJ
Total weight of top 15 holdings out of 15
36.87%
Top 15 holdings
Data as of June 30, 2026
HEWJ
Tokyo Electron Ltd.
4.17%
Mitsubishi UFJ Financial Group, Inc.
4.13%
Kioxia Holdings Corp.
3.40%
Toyota Motor Corp.
3.11%
Advantest Corp.
2.86%
Sumitomo Mitsui Financial Group, Inc.
2.78%
SoftBank Group Corp.
2.67%
Hitachi Ltd.
2.38%
Sony Group Corp.
2.31%
Murata Manufacturing Co. Ltd.
2.23%
Mizuho Financial Group, Inc.
2.21%
Fast Retailing Co., Ltd.
1.91%
KEYENCE Corp.
1.84%
Recruit Holdings Co., Ltd.
1.81%
Mitsubishi Corp.
1.58%
DXJ
Mitsubishi UFJ Financial Group, Inc.
4.64%
Sumitomo Mitsui Financial Group, Inc.
3.62%
Toyota Motor Corp.
3.55%
Tokyo Electron Ltd.
3.18%
Tokio Marine Holdings, Inc.
2.82%
Mizuho Financial Group, Inc.
2.71%
Mitsubishi Corp.
2.27%
Japan Tobacco, Inc.
2.14%
Murata Manufacturing Co. Ltd.
2.06%
NTT, Inc.
1.98%
Mitsui & Co., Ltd.
1.66%
Takeda Pharmaceutical Co., Ltd.
1.65%
Honda Motor Co., Ltd.
1.54%
Sumitomo Electric Industries Ltd.
1.53%
Sumitomo Corp.
1.50%
Frequently asked questions about HEWJ and DXJ
How have the HEWJ and DXJ ETFs performed in 2026?
As of July 27, 2026, HEWJ is up 21.21% year-to-date (YTD), while DXJ has returned 24.96%. 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 +$123M in flows, compared to +$849M for DXJ.
Which ETF is more volatile: HEWJ or DXJ?
Over the past year, HEWJ had a volatility of 19.58%, while DXJ experienced 19.77%.
Which ETF is bigger: HEWJ or DXJ?
As of July 27, 2026, HEWJ holds $729.96 M in assets under management (AUM), while DXJ manages $7.25 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 Technology.
What are the top holdings of the HEWJ ETF and DXJ ETF?
HEWJ top holdings include Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp.. DXJ holds in its top three: Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. and Toyota Motor Corp..
Which ETF is more diversified: HEWJ or DXJ?
HEWJ holds 169 securities with 39.39% of its assets in the top 15. DXJ has 426 securities and a top 15 weight of 36.87%.
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