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 Industrials, Financials and Information Technology. In contrast, EWJ's top sector exposures are Industrials, Financials and Consumer Discretionary. JPY is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.49% for EWJ. JPY is up 6.91% year-to-date (YTD) with +$3M in YTD flows. EWJ performs better with 8.74% YTD performance, and +$3.69B 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 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPY EWJ | +8.06%+5.39% | +2.10%+3.06% | +6.91%+8.74% | +30.93%+30.38% | n/a+62.96% | n/a+43.93% |
| Flows | JPY EWJ | +$38K+$426M | -$3M+$3.33B | +$3M+$3.69B | +$28M+$2.86B | -+$4.59B | -+$3.82B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPY EWJ | +29.32%+27.58% | +20.72%+20.69% | n/a+19.25% | n/a+18.44% |
| Max drawdown | JPY EWJ | -15.32%-13.62% | -15.32%-13.62% | n/a-15.70% | n/a-33.16% |
| Max drawdown duration | JPY EWJ | 70d72d | 70d72d | n/a225d | n/a902d |
Trading data
JPY | EWJ | |
Last sale 4/27/2026 at 1:30 PM | $34.40 | $87.68 |
| Previous close 04/24/2026 | $34.01 | $87.32 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/27/2026 at 1:30 PM
Live
Closed
JPY | EWJ | |
|---|---|---|
| Last price | $34.40 | $87.68 |
| 1D performance | +1.13% | +0.41% |
| AuM | $73.21 M | $20.48 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 | 58 | 177 |
| 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
98.98%
Other
1.02%
EWJ
Japan
98.57%
Other
1.43%
Sectors
JPY
Industrials
26.52%
Financials
20.79%
Information Techn.
11.41%
Consumer Discreti.
10.99%
Materials
7.62%
Other
22.67%
EWJ
Industrials
25.78%
Financials
17.49%
Consumer Discreti.
15.69%
Information Techn.
12.99%
Other
28.05%
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Diversification
JPY
Total weight of top 15 holdings out of 15
44.49%
EWJ
Total weight of top 15 holdings out of 15
35.68%
Top 15 holdings
Data as of March 31, 2026
JPY
MITSUBISHI UFJ FINANCIAL GROUP
4.89%
SUMITOMO MITSUI
4.06%
MITSUBISHI
3.87%
MIZUHO FINANCIAL
3.61%
TOKIO MARINE HOLDINGS
3.19%
SONY GROUP CORPORATION
2.91%
HITACHI
2.90%
TOKYO ELECTRON
2.81%
TAKEDA PHARMACEUTICAL
2.60%
RESONA HOLDINGS
2.45%
INPEX
2.37%
SOFTBANK GROUP CORP
2.27%
SHIN-ETSU CHEM
2.25%
NIPPON TELEGRAPH AND TELEPHONE CORP
2.18%
KANSAI ELECTRIC POWER
2.14%
EWJ
TOYOTA
4.10%
MITSUBISHI UFJ FINANCIAL GROUP
4.01%
HITACHI
2.80%
SONY GROUP CORPORATION
2.70%
SUMITOMO MITSUI
2.51%
MITSUBISHI
2.35%
TOKYO ELECTRON
2.28%
ADVANTEST
2.13%
MIZUHO FINANCIAL
2.07%
MITSUI
2.02%
MITSUBISHI HVY
1.85%
TOKIO MARINE HOLDINGS
1.84%
SOFTBANK GROUP CORP
1.81%
FAST RETAILING
1.61%
ITOCHU
1.61%
Frequently asked questions about JPY and EWJ
How have the JPY and EWJ ETFs performed in 2026?
As of April 23, 2026, JPY is up 6.91% year-to-date (YTD), while EWJ has returned 8.74%. That puts EWJ better performer ahead so far this year.
Which ETF is attracting more investor money: JPY or EWJ?
Year-to-date, the JPY ETF saw +$3M in flows, compared to +$3.69B for EWJ.
Which ETF is more volatile: JPY or EWJ?
Over the past year, JPY had a volatility of 20.72%, while EWJ experienced 20.69%.
Which ETF is bigger: JPY or EWJ?
As of April 23, 2026, JPY holds $73.21 M in assets under management (AUM), while EWJ manages $20.48 B.
What sectors do the JPY and EWJ ETFs invest in?
JPY leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, EWJ focuses on Industrials, Financials and Consumer Discretionary.
What are the top holdings of the JPY ETF and EWJ ETF?
JPY top holdings include MITSUBISHI UFJ FINANCIAL GROUP, SUMITOMO MITSUI and MITSUBISHI. EWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.
Which ETF is more diversified: JPY or EWJ?
JPY holds 58 securities with 44.49% of its assets in the top 15. EWJ has 179 securities and a top 15 weight of 35.68%.
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Latest news about JPY & EWJ
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An introduction to Country-Based ETFs
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