JPANvsHEWJETF Comparison
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Matthews Japan Active ETF (JPAN) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Industrials. JPAN is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 1.02% for HEWJ. JPAN is up 19.21% year-to-date (YTD) with +$3M in YTD flows. HEWJ performs better with 22.89% YTD performance, and +$58M 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
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPAN HEWJ | -0.82%-1.04% | +6.24%+3.98% | +19.21%+22.89% | +23.27%+36.01% | n/a+104.39% | n/a+151.31% |
| Flows | JPAN HEWJ | --$68M | +$2M-$29M | +$3M+$58M | +$3M+$131M | -+$198M | --$70M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPAN HEWJ | +22.77%+20.78% | +23.12%+19.85% | n/a+20.69% | n/a+19.28% |
| Max drawdown | JPAN HEWJ | -8.30%-6.66% | -14.82%-10.13% | n/a-21.20% | n/a-21.20% |
| Max drawdown duration | JPAN HEWJ | 50d51d | 85d69d | n/a351d | n/a351d |
Trading data
JPAN | HEWJ | |
Last sale 9/14/2026 at 1:30 PM | $42.86 | $63.84 |
| Previous close 09/11/2026 | $43.14 | $64.26 |
| Consolidated volume 09/11/2026 | ||
| 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 | HEWJ | |
|---|---|---|
| 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 | HEWJ | |
|---|---|---|
| Last price | $42.86 | $63.84 |
| 1D performance | -0.64% | -0.65% |
| AuM | $10.22 M | $675.71 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 | 52 | 169 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | January 31, 2014 |
| ESG | Yes | No |
Exposure
Countries
JPAN
Japan
97.52%
Other
2.48%
HEWJ
Japan
101.44%
Other
-1.44%
Sectors
JPAN
Technology
27.18%
Finance
24.98%
Industrials
24.88%
Other
22.97%
HEWJ
Technology
22.77%
Finance
21.92%
Industrials
19.46%
Consumer Cyclical.
10.39%
Consumer Non-Cycl.
7.72%
Other
17.73%
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Diversification
JPAN
Total weight of top 15 holdings out of 15
48.43%
HEWJ
Total weight of top 15 holdings out of 15
38.61%
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%
HEWJ
Mitsubishi UFJ Financial Group, Inc.
4.77%
Toyota Motor Corp.
3.75%
Sumitomo Mitsui Financial Group, Inc.
3.07%
Tokyo Electron Ltd.
2.96%
Hitachi Ltd.
2.94%
Sony Group Corp.
2.82%
Advantest Corp.
2.59%
Mizuho Financial Group, Inc.
2.34%
SoftBank Group Corp.
2.17%
Recruit Holdings Co., Ltd.
2.17%
Fast Retailing Co., Ltd.
1.90%
KEYENCE Corp.
1.88%
Tokio Marine Holdings, Inc.
1.86%
Mitsubishi Corp.
1.83%
Kioxia Holdings Corp.
1.57%
Frequently asked questions about JPAN and HEWJ
How have the JPAN and HEWJ ETFs performed in 2026?
As of September 11, 2026, JPAN is up 19.21% year-to-date (YTD), while HEWJ has returned 22.89%. 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 +$3M in flows, compared to +$58M for HEWJ.
Which ETF is more volatile: JPAN or HEWJ?
Over the past year, JPAN had a volatility of 23.12%, while HEWJ experienced 19.85%.
Which ETF is bigger: JPAN or HEWJ?
As of September 11, 2026, JPAN holds $10.22 M in assets under management (AUM), while HEWJ manages $675.71 M.
What sectors do the JPAN and HEWJ ETFs invest in?
JPAN leans toward sectors like Technology, Finance and Industrials. Meanwhile, HEWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the JPAN ETF and HEWJ ETF?
JPAN top holdings include Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. and Tokyo Electron Ltd.. HEWJ 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 HEWJ?
JPAN holds 52 securities with 48.43% of its assets in the top 15. HEWJ has 169 securities and a top 15 weight of 38.61%.
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