HEWJvsEWJETF Comparison
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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 22.55% year-to-date (YTD) with +$26M in YTD flows. EWJ performs worse with 18.81% YTD performance, and +$5.26B 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
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEWJ EWJ | -1.07%-1.53% | +1.10%+4.36% | +22.55%+18.81% | +26.81%+18.96% | +113.55%+79.92% | +162.97%+58.10% |
| Flows | HEWJ EWJ | -$106K+$948M | -$97M+$1.29B | +$26M+$5.26B | +$39M+$5.86B | +$169M+$3.69B | -$124M+$5.19B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEWJ EWJ | +16.21%+19.01% | +19.09%+21.97% | +20.65%+20.29% | +19.22%+19.06% |
| Max drawdown | HEWJ EWJ | -5.88%-5.57% | -10.13%-13.62% | -21.20%-15.70% | -21.20%-29.55% |
| Max drawdown duration | HEWJ EWJ | 21d21d | 69d111d | 351d225d | 351d827d |
Trading data
HEWJ | EWJ | |
Last sale 10/28/2026 at 3:32 PM | $63.75 | $94.55 |
| Previous close 10/27/2026 | $63.73 | $95.25 |
| 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 | 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 10/28/2026 at 3:32 PM
Live
Closed
HEWJ | EWJ | |
|---|---|---|
| Last price | $63.75 | $94.55 |
| 1D performance | +0.03% | -0.73% |
| AuM | $641.73 M | $23.78 B |
| E/R | 1.02% | 0.49% |
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Exposure
Countries
HEWJ
Japan
99.82%
Other
0.18%
EWJ
Japan
99.78%
Other
0.22%
Sectors
HEWJ
Technology
25%
Finance
20.86%
Industrials
18.54%
Consumer Cyclical.
9.59%
Consumer Non-Cycl.
7.29%
Other
18.73%
EWJ
Technology
24.99%
Finance
20.85%
Industrials
18.53%
Consumer Cyclical.
9.58%
Consumer Non-Cycl.
7.29%
Other
18.77%
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Diversification
HEWJ
Total weight of top 2 holdings out of 2
100.08%
EWJ
Total weight of top 15 holdings out of 15
39.1%
Top 15 holdings
Data as of August 31, 2026
HEWJ
US46434G8226
100.05%
BlackRock Cash Funds - Treasury
0.03%
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.63%
Toyota Motor Corp.
3.53%
Sumitomo Mitsui Financial Group, Inc.
2.99%
Tokyo Electron Ltd.
2.96%
Advantest Corp.
2.90%
Recruit Holdings Co., Ltd.
2.84%
Hitachi Ltd.
2.83%
Sony Group Corp.
2.75%
Mizuho Financial Group, Inc.
2.36%
SoftBank Group Corp.
2.27%
Kioxia Holdings Corp.
2.26%
KEYENCE Corp.
1.86%
Mitsubishi Corp.
1.73%
Tokio Marine Holdings, Inc.
1.62%
Fast Retailing Co., Ltd.
1.56%
Frequently asked questions about HEWJ and EWJ
How have the HEWJ and EWJ ETFs performed in 2026?
As of October 27, 2026, HEWJ is up 22.55% year-to-date (YTD), while EWJ has returned 18.81%. 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 +$26M in flows, compared to +$5.26B for EWJ.
Which ETF is more volatile: HEWJ or EWJ?
Over the past year, HEWJ had a volatility of 19.09%, while EWJ experienced 21.97%.
Which ETF is bigger: HEWJ or EWJ?
As of October 27, 2026, HEWJ holds $641.73 M in assets under management (AUM), while EWJ manages $23.78 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 US46434G8226 and BlackRock Cash Funds - Treasury. EWJ 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 EWJ?
HEWJ holds 168 securities with 100.08% of its assets in the top 15. EWJ has 168 securities and a top 15 weight of 39.1%.
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Latest news about HEWJ & EWJ
Japan ETFs Gain Amid Nikkei and TOPIX Surge in June
July 1, 2024
EWJ
Tony's ETF Buyers Guide: Japanese Equity ETFs
April 5, 2024
EWJ
Japan Stocks Outperform Amid Controlled Inflation and Accommodating Monetary Policy
January 16, 2024
EWJ
An introduction to Country-Based ETFs
July 7, 2022
EWJ
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