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HEWJvsEWJETF Comparison

ETF 1

HEWJ

iShares Currency Hedged MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.67%

Full HEWJ fund page

VS

ETF 2

EWJ

iShares MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.67%

Full EWJ fund page

iShares Currency Hedged MSCI Japan ETF (HEWJ) and iShares MSCI Japan ETF (EWJ) belong to the same industry segment: Japan Blended Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. HEWJ is more expensive with a Total Expense Ratio (TER) of 1.02%, versus 0.49% for EWJ. HEWJ is up 21.21% year-to-date (YTD) with +$123M in YTD flows. EWJ performs worse with 13.84% YTD performance, and +$3.97B in YTD flows. Run a side-by-side ETF comparison of HEWJ 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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HEWJ vs EWJ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HEWJ EWJ	-0.53%-2.69%	+8.50%+4.81%	+21.21%+13.84%	+46.36%+28.21%	+110.35%+57.36%	+172.80%+52.97%
Flows	HEWJ EWJ	+$16M-$250M	-$80M+$278M	+$123M+$3.97B	+$196M+$2.99B	+$305M+$2.34B	-$15M+$5.14B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HEWJ EWJ	+21.00%+23.72%	+19.58%+22.00%	+20.56%+19.97%	+19.19%+18.89%
Max drawdown	HEWJ EWJ	-5.98%-6.69%	-10.13%-13.62%	-21.20%-15.70%	-21.20%-33.16%
Max drawdown duration	HEWJ EWJ	35d35d	69d111d	351d225d	351d902d

Trading data

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	HEWJ	EWJ
Last sale 7/28/2026 at 1:30 PM	$62.42	$89.83
Previous close 07/27/2026	$63.54	$91.51
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	EWJ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	HEWJ	EWJ
Last price	$62.42	$89.83
1D performance	-1.76%	-1.84%
AuM	$729.96 M	$21.57 B
E/R	1.02%	0.49%

Characteristics

	HEWJ	EWJ
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Japan Index	MSCI Japan Index
N° of holdings	169	169
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 31, 2014	March 12, 1996
ESG	No	No

More HEWJ data on Trackinsight

More EWJ data on Trackinsight

Exposure

Countries

HEWJ

Japan

99.47%

Other

0.53%

EWJ

Japan

99.59%

Other

0.41%

Sectors

HEWJ

Technology

26.82%

Finance

19.46%

Industrials

18.27%

Consumer Cyclical.

9.31%

Consumer Non-Cycl.

7.05%

Other

19.08%

EWJ

Technology

26.85%

Finance

19.49%

Industrials

18.29%

Consumer Cyclical.

9.32%

Consumer Non-Cycl.

7.05%

Other

18.99%

Diversification

HEWJ

Total weight of top 15 holdings out of 15

39.39%

EWJ

Total weight of top 15 holdings out of 15

39.44%

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%

EWJ

Tokyo Electron Ltd.

4.17%

Mitsubishi UFJ Financial Group, Inc.

4.14%

Kioxia Holdings Corp.

3.40%

Toyota Motor Corp.

3.12%

Advantest Corp.

2.86%

Sumitomo Mitsui Financial Group, Inc.

2.79%

SoftBank Group Corp.

2.67%

Hitachi Ltd.

2.39%

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.

1.59%

Frequently asked questions about HEWJ and EWJ

How have the HEWJ and EWJ ETFs performed in 2026?

As of July 27, 2026, HEWJ is up 21.21% year-to-date (YTD), while EWJ has returned 13.84%. That puts HEWJ better performer ahead so far this year.

Which ETF is attracting more investor money: HEWJ or EWJ?

Year-to-date, the HEWJ ETF saw +$123M in flows, compared to +$3.97B for EWJ.

Which ETF is more volatile: HEWJ or EWJ?

Over the past year, HEWJ had a volatility of 19.58%, while EWJ experienced 22%.

Which ETF is bigger: HEWJ or EWJ?

As of July 27, 2026, HEWJ holds $729.96 M in assets under management (AUM), while EWJ manages $21.57 B.

What sectors do the HEWJ and EWJ ETFs invest in?

HEWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, EWJ focuses on Technology, Finance and Industrials.

What are the top holdings of the HEWJ ETF and EWJ ETF?

HEWJ top holdings include Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp.. EWJ holds in its top three: Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp..

HEWJvsEWJETF Comparison

iShares Currency Hedged MSCI Japan ETF

iShares MSCI Japan ETF

HEWJ vs EWJ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HEWJ and EWJ ETFs performed in 2026?

As of July 27, 2026, HEWJ is up 21.21% year-to-date (YTD), while EWJ has returned 13.84%. That puts HEWJ better performer ahead so far this year.

Which ETF is attracting more investor money: HEWJ or EWJ?

Year-to-date, the HEWJ ETF saw +$123M in flows, compared to +$3.97B for EWJ.

Which ETF is more volatile: HEWJ or EWJ?

Over the past year, HEWJ had a volatility of 19.58%, while EWJ experienced 22%.

Which ETF is bigger: HEWJ or EWJ?

As of July 27, 2026, HEWJ holds $729.96 M in assets under management (AUM), while EWJ manages $21.57 B.

What sectors do the HEWJ and EWJ ETFs invest in?

HEWJ leans toward sectors like Technology, Finance and Industrials. Meanwhile, EWJ focuses on Technology, Finance and Industrials.

What are the top holdings of the HEWJ ETF and EWJ ETF?

HEWJ top holdings include Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp.. EWJ holds in its top three: Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp..

Which ETF is more diversified: HEWJ or EWJ?

HEWJ holds 169 securities with 39.39% of its assets in the top 15. EWJ has 169 securities and a top 15 weight of 39.44%.

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