JPYvsEWJETF Comparison
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Lazard Japanese Equity ETF (JPY) and iShares MSCI Japan ETF (EWJ) belong to the same industry segment: Japan Blended Cap. JPY's top 3 sector exposures are Finance, Industrials and Technology. In contrast, EWJ's top sector exposures are Technology, Finance and Industrials. JPY is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.49% for EWJ. JPY is up 20.01% year-to-date (YTD) with +$5M in YTD flows. EWJ performs worse with 18.95% YTD performance, and +$5.34B in YTD flows. Run a side-by-side ETF comparison of JPY 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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JPY vs EWJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPY EWJ | -2.34%-1.41% | +4.48%+6.42% | +20.01%+18.95% | +19.90%+18.23% | n/a+79.53% | n/a+56.48% |
| Flows | JPY EWJ | +$48K+$1.03B | +$2M+$1.37B | +$5M+$5.34B | +$10M+$5.94B | -+$3.78B | -+$5.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPY EWJ | +16.03%+18.63% | +21.24%+21.97% | n/a+20.29% | n/a+19.05% |
| Max drawdown | JPY EWJ | -4.67%-5.57% | -15.32%-13.62% | n/a-15.70% | n/a-29.55% |
| Max drawdown duration | JPY EWJ | 22d22d | 105d111d | n/a225d | n/a827d |
Trading data
JPY | EWJ | |
Last sale 10/28/2026 at 1:30 PM | $38.19 | $94.99 |
| Previous close 10/27/2026 | $38.41 | $95.25 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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JPY
is actively managed and doesn’t replicate an indexJPY | 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 10/28/2026 at 1:30 PM
Live
Closed
JPY | EWJ | |
|---|---|---|
| Last price | $38.19 | $94.99 |
| 1D performance | -0.57% | -0.27% |
| AuM | $83.58 M | $23.90 B |
| E/R | 0.6% | 0.49% |
Characteristics
JPY | EWJ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Lazard Asset Management | iShares |
| Benchmark | - | MSCI Japan Index |
| N° of holdings | 62 | 168 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 4, 2025 | March 12, 1996 |
| ESG | No | No |
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Exposure
Countries
JPY
Japan
98.92%
Other
1.08%
EWJ
Japan
99.78%
Other
0.22%
Sectors
JPY
Finance
24.13%
Industrials
23.78%
Technology
19.11%
Other
32.98%
EWJ
Technology
24.99%
Finance
20.85%
Industrials
18.53%
Consumer Cyclical.
9.58%
Consumer Non-Cycl.
7.29%
Other
18.77%
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Diversification
JPY
Total weight of top 15 holdings out of 15
47.92%
EWJ
Total weight of top 15 holdings out of 15
39.1%
Top 15 holdings
Data as of August 31, 2026
JPY
Mitsubishi UFJ Financial Group, Inc.
5.65%
Recruit Holdings Co., Ltd.
5.29%
Sumitomo Mitsui Financial Group, Inc.
4.59%
Mizuho Financial Group, Inc.
3.66%
Hitachi Ltd.
3.52%
Sony Group Corp.
3.39%
Tokyo Electron Ltd.
3.34%
Tokio Marine Holdings, Inc.
2.78%
Resona Holdings, Inc.
2.53%
KEYENCE Corp.
2.51%
SoftBank Group Corp.
2.38%
Takeda Pharmaceutical Co., Ltd.
2.15%
Komatsu Ltd.
2.10%
TDK Corp.
2.05%
Mitsubishi Corp.
1.99%
EWJ
Mitsubishi UFJ Financial Group, Inc.
4.63%
Toyota Motor Corp.
3.53%
Sumitomo Mitsui Financial Group, Inc.
2.99%
Tokyo Electron Ltd.
2.96%
Advantest Corp.
2.90%
Recruit Holdings Co., Ltd.
2.84%
Hitachi Ltd.
2.83%
Sony Group Corp.
2.75%
Mizuho Financial Group, Inc.
2.36%
SoftBank Group Corp.
2.27%
Kioxia Holdings Corp.
2.26%
KEYENCE Corp.
1.86%
Mitsubishi Corp.
1.73%
Tokio Marine Holdings, Inc.
1.62%
Fast Retailing Co., Ltd.
1.56%
Frequently asked questions about JPY and EWJ
How have the JPY and EWJ ETFs performed in 2026?
As of October 28, 2026, JPY is up 20.01% year-to-date (YTD), while EWJ has returned 18.95%. That puts JPY better performer ahead so far this year.
Which ETF is attracting more investor money: JPY or EWJ?
Year-to-date, the JPY ETF saw +$5M in flows, compared to +$5.34B for EWJ.
Which ETF is more volatile: JPY or EWJ?
Over the past year, JPY had a volatility of 21.24%, while EWJ experienced 21.97%.
Which ETF is bigger: JPY or EWJ?
As of October 28, 2026, JPY holds $83.58 M in assets under management (AUM), while EWJ manages $23.90 B.
What sectors do the JPY and EWJ ETFs invest in?
JPY leans toward sectors like Finance, Industrials and Technology. Meanwhile, EWJ focuses on Technology, Finance and Industrials.
What are the top holdings of the JPY ETF and EWJ ETF?
JPY top holdings include Mitsubishi UFJ Financial Group, Inc., Recruit Holdings Co., Ltd. and Sumitomo Mitsui Financial Group, Inc.. 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: JPY or EWJ?
JPY holds 62 securities with 47.92% of its assets in the top 15. EWJ has 168 securities and a top 15 weight of 39.1%.
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Latest news about JPY & 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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