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. JPAN's top 3 sector exposures are Technology, Industrials and Finance. In contrast, HEWJ's top sector exposures are 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 15.11% year-to-date (YTD) with +$3M in YTD flows. HEWJ performs better with 21.21% YTD performance, and +$123M 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 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPAN HEWJ | -1.47%-0.53% | +5.42%+8.50% | +15.11%+21.21% | +26.97%+46.36% | n/a+110.35% | n/a+172.80% |
| Flows | JPAN HEWJ | +$2M+$16M | +$2M-$80M | +$3M+$123M | +$3M+$196M | -+$305M | --$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPAN HEWJ | +22.95%+21.00% | +22.59%+19.58% | n/a+20.56% | n/a+19.19% |
| Max drawdown | JPAN HEWJ | -7.17%-5.98% | -14.82%-10.13% | n/a-21.20% | n/a-21.20% |
| Max drawdown duration | JPAN HEWJ | 35d35d | 85d69d | n/a351d | n/a351d |
Trading data
JPAN | HEWJ | |
Last sale 7/28/2026 at 1:30 PM | $40.02 | $62.42 |
| Previous close 07/27/2026 | $40.94 | $63.54 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
JPAN | HEWJ | |
|---|---|---|
| Last price | $40.02 | $62.42 |
| 1D performance | -2.25% | -1.76% |
| AuM | $9.87 M | $729.96 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 | 51 | 169 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2023 | January 31, 2014 |
| ESG | Yes | No |
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Exposure
Countries
JPAN
Japan
97.57%
Other
2.43%
HEWJ
Japan
99.47%
Other
0.53%
Sectors
JPAN
Technology
28.54%
Industrials
23.08%
Finance
20.94%
Consumer Cyclical.
9.33%
Other
18.11%
HEWJ
Technology
26.82%
Finance
19.46%
Industrials
18.27%
Consumer Cyclical.
9.31%
Consumer Non-Cycl.
7.05%
Other
19.08%
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Diversification
JPAN
Total weight of top 15 holdings out of 15
48.06%
HEWJ
Total weight of top 15 holdings out of 15
39.39%
Top 15 holdings
Data as of June 30, 2026
JPAN
Tokyo Electron Ltd.
6.19%
Mitsubishi UFJ Financial Group, Inc.
4.67%
Advantest Corp.
3.79%
Recruit Holdings Co., Ltd.
3.36%
Sumitomo Mitsui Financial Group, Inc.
3.29%
Sony Group Corp.
3.04%
Hitachi Ltd.
2.98%
Shin-Etsu Chemical Co., Ltd.
2.90%
Panasonic Holdings Corp.
2.86%
Kioxia Holdings Corp.
2.77%
Fast Retailing Co., Ltd.
2.56%
Sumitomo Electric Industries Ltd.
2.51%
ORIX Corp.
2.51%
KEYENCE Corp.
2.50%
Sumitomo Corp.
2.11%
HEWJ
Tokyo Electron Ltd.
4.17%
Mitsubishi UFJ Financial Group, Inc.
4.13%
Kioxia Holdings Corp.
3.40%
Toyota Motor Corp.
3.11%
Advantest Corp.
2.86%
Sumitomo Mitsui Financial Group, Inc.
2.78%
SoftBank Group Corp.
2.67%
Hitachi Ltd.
2.38%
Sony Group Corp.
2.31%
Murata Manufacturing Co. Ltd.
2.23%
Mizuho Financial Group, Inc.
2.21%
Fast Retailing Co., Ltd.
1.91%
KEYENCE Corp.
1.84%
Recruit Holdings Co., Ltd.
1.81%
Mitsubishi Corp.
1.58%
Frequently asked questions about JPAN and HEWJ
How have the JPAN and HEWJ ETFs performed in 2026?
As of July 27, 2026, JPAN is up 15.11% year-to-date (YTD), while HEWJ has returned 21.21%. 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 +$123M for HEWJ.
Which ETF is more volatile: JPAN or HEWJ?
Over the past year, JPAN had a volatility of 22.59%, while HEWJ experienced 19.58%.
Which ETF is bigger: JPAN or HEWJ?
As of July 27, 2026, JPAN holds $9.87 M in assets under management (AUM), while HEWJ manages $729.96 M.
What sectors do the JPAN and HEWJ ETFs invest in?
JPAN leans toward sectors like Technology, Industrials and Finance. Meanwhile, HEWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the JPAN ETF and HEWJ ETF?
JPAN top holdings include Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Advantest Corp.. HEWJ holds in its top three: Tokyo Electron Ltd., Mitsubishi UFJ Financial Group, Inc. and Kioxia Holdings Corp..
Which ETF is more diversified: JPAN or HEWJ?
JPAN holds 51 securities with 48.06% of its assets in the top 15. HEWJ has 169 securities and a top 15 weight of 39.39%.
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