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JAPNvsEWJETF Comparison

ETF 1
JAPN

Horizon Kinetics Japan Owner Operator ETF

This fund is part of
Japan Blended Cap
-1.79%
VS
ETF 2
EWJ

iShares MSCI Japan ETF

This fund is part of
Japan Blended Cap
-1.79%

Horizon Kinetics Japan Owner Operator ETF (JAPN) and iShares MSCI Japan ETF (EWJ) belong to the same industry segment: Japan Blended Cap. JAPN's top 3 sector exposures are Consumer Discretionary, Information Technology and Communication Services. In contrast, EWJ's top sector exposures are Industrials, Financials and Consumer Discretionary. JAPN is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.49% for EWJ. JAPN is down -7.81% year-to-date (YTD) with +$1M in YTD flows. EWJ performs better with 8.26% YTD performance, and +$3.52B in YTD flows. Run a side-by-side ETF comparison of JAPN 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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JAPN vs EWJ performance and flow charts

Performance

-2.00.02.04.06.08.0%Mar 23Mar 30Apr 7Apr 14Apr 21

Cumulative Flows

-1 B-0.5 B0 BMar 23Mar 30Apr 7Apr 14Apr 21

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Historic performance and flows
Data as of 04/21/2026
1M3MYTD1Y3Y5Y
Perf.
JAPN
EWJ
+5.59%+4.44%
-4.17%+2.84%
-7.81%+8.26%
n/a+34.58%
n/a+62.18%
n/a+45.87%
Flows
JAPN
EWJ
-+$256M
+$1M+$3.03B
+$1M+$3.52B
-+$2.70B
-+$4.42B
-+$3.65B
Volatility and drawdown
3M1Y3Y5Y
Volatility
JAPN
EWJ
+25.47%+27.30%
n/a+20.72%
n/a+19.24%
n/a+18.45%
Max drawdown
JAPN
EWJ
-11.21%-13.62%
n/a-13.62%
n/a-15.70%
n/a-33.16%
Max drawdown duration
JAPN
EWJ
51d69d
n/a69d
n/a225d
n/a902d
Trading data

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JAPN
EWJ
Last sale
4/22/2026 at 2:38 PM
$23.45
$87.50
Previous close
04/21/2026
$23.28
$87.14
Consolidated volume
04/21/2026
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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JAPN
is actively managed and doesn’t replicate an index

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JAPN
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 4/22/2026 at 2:38 PM
Live
Closed
JAPN
EWJ
Last price
$23.45
$87.50
1D performance
+0.75%
+0.41%
AuM$24.18 M$20.22 B
E/R0.52%0.49%
Characteristics
JAPN
EWJ
Management strategyActivePassive
ProviderHorizon Kinetics LLCiShares
Benchmark-MSCI Japan Index
N° of holdings27179
Asset class-Equities
Trailing 12m distribution yield
Join
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Inception dateMay 12, 2025March 12, 1996
ESGNoNo
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Exposure

Countries

JAPN
Japan
81.02%
Other
18.98%
EWJ
Japan
99.86%
Other
0.14%

Sectors

JAPN
Consumer Discreti.
29.13%
Information Techn.
21.93%
Communication Ser.
7.51%
Industrials
7.29%
Other
34.14%
EWJ
Industrials
26.24%
Financials
17.61%
Consumer Discreti.
16.08%
Information Techn.
14.06%
Other
26.01%
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Diversification

JAPN

Total weight of top 15 holdings out of 15

63.27%
EWJ

Total weight of top 15 holdings out of 15

36.62%

Top 15 holdings

Data as of February 28, 2026
JAPN
FURUNO ELECTRIC
12.01%
RESORTTRUST
4.85%
JAPAN ELEVATOR SERVICE HOLDINGS
4.57%
YONEX
4.46%
HIKARI TSUSHIN
4.40%
PAN PACIFIC INTERNATIONAL HOLDINGS
4.38%
M&A CAPITAL PARTNERS
4.31%
FURYU
3.72%
KEEPER TECHNICAL LABORATORY
3.67%
ORO
3.30%
KOTOBUKI SPIRITS
2.98%
ALPHAPOLIS
2.89%
VISIONAL
2.72%
TRANSACTION
2.60%
OBIC BUSINESS
2.41%
EWJ
TOYOTA
4.43%
MITSUBISHI UFJ FINANCIAL GROUP
4.15%
HITACHI
2.92%
SUMITOMO MITSUI
2.67%
ADVANTEST
2.66%
SONY GROUP CORPORATION
2.59%
TOKYO ELECTRON
2.51%
MIZUHO FINANCIAL
2.15%
MITSUBISHI
2.06%
SOFTBANK GROUP CORP
1.99%
MITSUBISHI HVY
1.95%
MITSUI
1.75%
ITOCHU
1.64%
FAST RETAILING
1.60%
KEYENCE
1.57%
Frequently asked questions about JAPN and EWJ

How have the JAPN and EWJ ETFs performed in 2026?

As of April 21, 2026, JAPN is down -7.81% year-to-date (YTD), while EWJ has returned 8.26%. That puts EWJ better performer ahead so far this year.

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

Year-to-date, the JAPN ETF saw +$1M in flows, compared to +$3.52B for EWJ.

Which ETF is bigger: JAPN or EWJ?

As of April 21, 2026, JAPN holds $24.18 M in assets under management (AUM), while EWJ manages $20.22 B.

What sectors do the JAPN and EWJ ETFs invest in?

JAPN leans toward sectors like Consumer Discretionary, Information Technology and Communication Services. Meanwhile, EWJ focuses on Industrials, Financials and Consumer Discretionary.

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

JAPN top holdings include FURUNO ELECTRIC, RESORTTRUST and JAPAN ELEVATOR SERVICE HOLDINGS. EWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.

Which ETF is more diversified: JAPN or EWJ?

JAPN holds 27 securities with 63.27% of its assets in the top 15. EWJ has 182 securities and a top 15 weight of 36.62%.

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