JPANvsEWJETF Comparison
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Matthews Japan Active ETF (JPAN) 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. JPAN is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.49% for EWJ. JPAN is up 19.24% year-to-date (YTD) with +$3M in YTD flows. EWJ performs better with 21.12% YTD performance, and +$4.34B in YTD flows. Run a side-by-side ETF comparison of JPAN 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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JPAN vs EWJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPAN EWJ | -3.46%-1.01% | +0.97%+3.19% | +19.24%+21.12% | +22.56%+24.77% | n/a+67.60% | n/a+48.97% |
| Flows | JPAN EWJ | -+$464M | +$2M+$525M | +$3M+$4.34B | +$3M+$4.18B | -+$2.48B | -+$5.20B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPAN EWJ | +21.74%+22.75% | +23.16%+22.32% | n/a+20.24% | n/a+19.04% |
| Max drawdown | JPAN EWJ | -8.30%-7.85% | -14.82%-13.62% | n/a-15.70% | n/a-33.16% |
| Max drawdown duration | JPAN EWJ | 50d50d | 85d111d | n/a225d | n/a902d |
Trading data
JPAN | EWJ | |
Last sale 9/14/2026 at 1:30 PM | $42.86 | $97.58 |
| Previous close 09/14/2026 | $43.14 | $98.56 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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JPAN
is actively managed and doesn’t replicate an indexJPAN | EWJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
JPAN | EWJ | |
|---|---|---|
| Last price | $42.86 | $97.58 |
| 1D performance | -0.64% | -0.99% |
| AuM | $10.22 M | $23.31 B |
| E/R | 0.79% | 0.49% |
Characteristics
JPAN | EWJ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | iShares |
| Benchmark | - | MSCI Japan Index |
| N° of holdings | 52 | 169 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | March 12, 1996 |
| ESG | Yes | No |
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Exposure
Countries
JPAN
Japan
97.52%
Other
2.48%
EWJ
Japan
99.78%
Other
0.22%
Sectors
JPAN
Technology
27.18%
Finance
24.98%
Industrials
24.88%
Other
22.97%
EWJ
Technology
22.4%
Finance
21.56%
Industrials
19.14%
Consumer Cyclical.
10.22%
Consumer Non-Cycl.
7.6%
Other
19.08%
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Diversification
JPAN
Total weight of top 15 holdings out of 15
48.43%
EWJ
Total weight of top 15 holdings out of 15
37.98%
Top 15 holdings
Data as of July 31, 2026
JPAN
Mitsubishi UFJ Financial Group, Inc.
4.66%
Sumitomo Mitsui Financial Group, Inc.
4.19%
Tokyo Electron Ltd.
4.18%
Advantest Corp.
4.08%
Recruit Holdings Co., Ltd.
3.78%
Sony Group Corp.
3.66%
Hitachi Ltd.
3.57%
Tokio Marine Holdings, Inc.
3.11%
ORIX Corp.
2.66%
NEC Corp.
2.56%
KEYENCE Corp.
2.55%
Panasonic Holdings Corp.
2.45%
MS&AD Insurance Group Holdings, Inc.
2.35%
Japan Post Bank Co., Ltd.
2.32%
Sumitomo Corp.
2.32%
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.69%
Toyota Motor Corp.
3.69%
Sumitomo Mitsui Financial Group, Inc.
3.02%
Tokyo Electron Ltd.
2.91%
Hitachi Ltd.
2.89%
Sony Group Corp.
2.77%
Advantest Corp.
2.55%
Mizuho Financial Group, Inc.
2.30%
SoftBank Group Corp.
2.14%
Recruit Holdings Co., Ltd.
2.13%
Fast Retailing Co., Ltd.
1.87%
KEYENCE Corp.
1.85%
Tokio Marine Holdings, Inc.
1.83%
Mitsubishi Corp.
1.80%
Kioxia Holdings Corp.
1.54%
Frequently asked questions about JPAN and EWJ
How have the JPAN and EWJ ETFs performed in 2026?
As of September 14, 2026, JPAN is up 19.24% year-to-date (YTD), while EWJ has returned 21.12%. That puts EWJ better performer ahead so far this year.
Which ETF is attracting more investor money: JPAN or EWJ?
Year-to-date, the JPAN ETF saw +$3M in flows, compared to +$4.34B for EWJ.
Which ETF is more volatile: JPAN or EWJ?
Over the past year, JPAN had a volatility of 23.16%, while EWJ experienced 22.32%.
Which ETF is bigger: JPAN or EWJ?
As of September 14, 2026, JPAN holds $10.22 M in assets under management (AUM), while EWJ manages $23.31 B.
What sectors do the JPAN and EWJ ETFs invest in?
JPAN leans toward sectors like Technology, Finance and Industrials. Meanwhile, EWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the JPAN ETF and EWJ ETF?
JPAN top holdings include Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. and Tokyo Electron Ltd.. 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: JPAN or EWJ?
JPAN holds 52 securities with 48.43% of its assets in the top 15. EWJ has 169 securities and a top 15 weight of 37.98%.
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Latest news about JPAN & 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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