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JPANvsHEWJETF Comparison

ETF 1

JPAN

Matthews Japan Active ETF

This fund is part of

Japan Blended Cap

+0.66%

Full JPAN fund page

VS

ETF 2

HEWJ

iShares Currency Hedged MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.66%

Full HEWJ fund page

Matthews Japan Active ETF (JPAN) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. JPAN's top 3 sector exposures are Industrials, Consumer Discretionary and Financials. In contrast, HEWJ's top sector exposures are Industrials, Financials and Information Technology. JPAN is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 1.02% for HEWJ. JPAN is up 14.37% year-to-date (YTD) with +$2M in YTD flows. HEWJ performs better with 19.19% YTD performance, and +$87M in YTD flows. Run a side-by-side ETF comparison of JPAN and HEWJ 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 HEWJ performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JPAN HEWJ	-1.73%+2.56%	+10.08%+11.54%	+14.37%+19.19%	+26.09%+50.89%	n/a+109.55%	n/a+161.24%
Flows	JPAN HEWJ	--$72M	--$140M	+$2M+$87M	+$2M+$142M	-+$276M	--$12M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JPAN HEWJ	+26.36%+20.65%	+21.91%+18.96%	n/a+20.22%	n/a+19.04%
Max drawdown	JPAN HEWJ	-6.12%-4.76%	-14.82%-10.13%	n/a-21.20%	n/a-21.20%
Max drawdown duration	JPAN HEWJ	20d8d	85d69d	n/a351d	n/a351d

Trading data

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	JPAN	HEWJ
Last sale 6/12/2026 at 1:30 PM	$41.62	$62.83
Previous close 06/11/2026	$41.22	$62.17
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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JPAN

is actively managed and doesn’t replicate an index

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	JPAN	HEWJ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	JPAN	HEWJ
Last price	$41.62	$62.83
1D performance	+0.96%	+1.06%
AuM	$8.17 M	$687.17 M
E/R	0.79%	1.02%

Characteristics

	JPAN	HEWJ
Management strategy	Active	Passive
Provider	Matthews Asia	iShares
Benchmark	-	MSCI Japan Index
N° of holdings	54	177
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2023	January 31, 2014
ESG	Yes	No

More JPAN data on Trackinsight

More HEWJ data on Trackinsight

Exposure

Countries

JPAN

Japan

97.3%

Other

2.7%

HEWJ

Japan

98.98%

Other

1.02%

Sectors

JPAN

Industrials

26.8%

Consumer Discreti.

18.4%

Financials

16.8%

Information Techn.

15.9%

Other

22.1%

HEWJ

Industrials

25.86%

Financials

17.33%

Information Techn.

15.11%

Consumer Discreti.

14.91%

Other

26.79%

Diversification

JPAN

Total weight of top 15 holdings out of 15

43.8%

HEWJ

Total weight of top 15 holdings out of 15

36.57%

Top 15 holdings

Data as of April 30, 2026

JPAN

MITSUBISHI UFJ FINANCIAL GROUP

4.50%

TOKYO ELECTRON

4.30%

HITACHI

3.60%

SHIN-ETSU CHEM

3.30%

SUMITOMO MITSUI

3.00%

MARUBENI

2.90%

PANASONIC HOLDINGS CORPORATION

2.80%

SONY GROUP CORPORATION

2.70%

ADVANTEST

2.60%

KEYENCE

2.40%

SUMITOMO

2.40%

ASICS

2.40%

FAST RETAILING

2.30%

ORIX

2.30%

NEC

2.30%

HEWJ

MITSUBISHI UFJ FINANCIAL GROUP

4.06%

TOYOTA

3.66%

HITACHI

2.86%

ADVANTEST

2.76%

SUMITOMO MITSUI

2.58%

TOKYO ELECTRON

2.54%

SOFTBANK GROUP CORP

2.48%

SONY GROUP CORPORATION

2.45%

MIZUHO FINANCIAL

2.14%

MITSUBISHI

2.05%

MITSUBISHI HVY

1.89%

MITSUI

1.86%

FAST RETAILING

1.79%

KEYENCE

1.77%

TOKIO MARINE HOLDINGS

1.69%

Frequently asked questions about JPAN and HEWJ

How have the JPAN and HEWJ ETFs performed in 2026?

As of June 12, 2026, JPAN is up 14.37% year-to-date (YTD), while HEWJ has returned 19.19%. That puts HEWJ better performer ahead so far this year.

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

Year-to-date, the JPAN ETF saw +$2M in flows, compared to +$87M for HEWJ.

Which ETF is more volatile: JPAN or HEWJ?

Over the past year, JPAN had a volatility of 21.91%, while HEWJ experienced 18.96%.

Which ETF is bigger: JPAN or HEWJ?

As of June 12, 2026, JPAN holds $8.17 M in assets under management (AUM), while HEWJ manages $687.17 M.

What sectors do the JPAN and HEWJ ETFs invest in?

JPAN leans toward sectors like Industrials, Consumer Discretionary and Financials. Meanwhile, HEWJ focuses on Industrials, Financials and Information Technology.

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

JPAN top holdings include MITSUBISHI UFJ FINANCIAL GROUP, TOKYO ELECTRON and HITACHI. HEWJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA and HITACHI.

JPANvsHEWJETF Comparison

Matthews Japan Active ETF

iShares Currency Hedged MSCI Japan ETF

JPAN vs HEWJ 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 JPAN and HEWJ ETFs performed in 2026?

As of June 12, 2026, JPAN is up 14.37% year-to-date (YTD), while HEWJ has returned 19.19%. That puts HEWJ better performer ahead so far this year.

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

Year-to-date, the JPAN ETF saw +$2M in flows, compared to +$87M for HEWJ.

Which ETF is more volatile: JPAN or HEWJ?

Over the past year, JPAN had a volatility of 21.91%, while HEWJ experienced 18.96%.

Which ETF is bigger: JPAN or HEWJ?

As of June 12, 2026, JPAN holds $8.17 M in assets under management (AUM), while HEWJ manages $687.17 M.

What sectors do the JPAN and HEWJ ETFs invest in?

JPAN leans toward sectors like Industrials, Consumer Discretionary and Financials. Meanwhile, HEWJ focuses on Industrials, Financials and Information Technology.

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

JPAN top holdings include MITSUBISHI UFJ FINANCIAL GROUP, TOKYO ELECTRON and HITACHI. HEWJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA and HITACHI.

Which ETF is more diversified: JPAN or HEWJ?

JPAN holds 54 securities with 43.8% of its assets in the top 15. HEWJ has 179 securities and a top 15 weight of 36.57%.

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