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JPYvsHEWJETF Comparison

ETF 1

JPY

Lazard Japanese Equity ETF

This fund is part of

Japan Blended Cap

+0.63%

Full JPY fund page

VS

ETF 2

HEWJ

iShares Currency Hedged MSCI Japan ETF

This fund is part of

Japan Blended Cap

+0.63%

Full HEWJ fund page

Lazard Japanese Equity ETF (JPY) and iShares Currency Hedged MSCI Japan ETF (HEWJ) belong to the same industry segment: Japan Blended Cap. JPY's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, HEWJ's top sector exposures are Industrials, Financials and Consumer Discretionary. JPY is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 1.02% for HEWJ. JPY is up 6.91% year-to-date (YTD) with +$3M in YTD flows. HEWJ performs better with 11.24% YTD performance, and +$203M in YTD flows. Run a side-by-side ETF comparison of JPY 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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JPY vs HEWJ performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 04/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JPY HEWJ	+8.06%+5.39%	+2.10%+7.61%	+6.91%+11.24%	+30.93%+50.49%	n/a+118.32%	n/a+150.15%
Flows	JPY HEWJ	+$38K-$4M	-$3M+$195M	+$3M+$203M	+$28M+$248M	-+$361M	-+$326M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JPY HEWJ	+29.32%+23.27%	+20.72%+18.98%	n/a+20.30%	n/a+18.94%
Max drawdown	JPY HEWJ	-15.32%-10.13%	-15.32%-10.13%	n/a-21.20%	n/a-21.20%
Max drawdown duration	JPY HEWJ	70d58d	70d58d	n/a351d	n/a351d

Trading data

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	JPY	HEWJ
Last sale 4/27/2026 at 1:30 PM	$34.40	$58.78
Previous close 04/24/2026	$34.01	$58.58
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 index

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

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	JPY	HEWJ
Last price	$34.40	$58.78
1D performance	+1.13%	+0.34%
AuM	$73.21 M	$752.62 M
E/R	0.6%	1.02%

Characteristics

	JPY	HEWJ
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	January 31, 2014
ESG	No	No

More JPY data on Trackinsight

More HEWJ data on Trackinsight

Exposure

Countries

JPY

Japan

98.98%

Other

1.02%

HEWJ

Japan

98.65%

Other

1.35%

Sectors

JPY

Industrials

26.52%

Financials

20.79%

Information Techn.

11.41%

Consumer Discreti.

10.99%

Materials

7.62%

Other

22.67%

HEWJ

Industrials

25.8%

Financials

17.51%

Consumer Discreti.

15.7%

Information Techn.

13%

Other

27.99%

Diversification

JPY

Total weight of top 15 holdings out of 15

44.49%

HEWJ

Total weight of top 15 holdings out of 15

35.71%

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%

HEWJ

TOYOTA

4.10%

MITSUBISHI UFJ FINANCIAL GROUP

4.02%

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 HEWJ

How have the JPY and HEWJ ETFs performed in 2026?

As of April 23, 2026, JPY is up 6.91% year-to-date (YTD), while HEWJ has returned 11.24%. That puts HEWJ better performer ahead so far this year.

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

Year-to-date, the JPY ETF saw +$3M in flows, compared to +$203M for HEWJ.

Which ETF is more volatile: JPY or HEWJ?

Over the past year, JPY had a volatility of 20.72%, while HEWJ experienced 18.98%.

Which ETF is bigger: JPY or HEWJ?

As of April 23, 2026, JPY holds $73.21 M in assets under management (AUM), while HEWJ manages $752.62 M.

What sectors do the JPY and HEWJ ETFs invest in?

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

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

JPY top holdings include MITSUBISHI UFJ FINANCIAL GROUP, SUMITOMO MITSUI and MITSUBISHI. HEWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.

JPYvsHEWJETF Comparison

Lazard Japanese Equity ETF

iShares Currency Hedged MSCI Japan ETF

JPY 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 JPY and HEWJ ETFs performed in 2026?

As of April 23, 2026, JPY is up 6.91% year-to-date (YTD), while HEWJ has returned 11.24%. That puts HEWJ better performer ahead so far this year.

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

Year-to-date, the JPY ETF saw +$3M in flows, compared to +$203M for HEWJ.

Which ETF is more volatile: JPY or HEWJ?

Over the past year, JPY had a volatility of 20.72%, while HEWJ experienced 18.98%.

Which ETF is bigger: JPY or HEWJ?

As of April 23, 2026, JPY holds $73.21 M in assets under management (AUM), while HEWJ manages $752.62 M.

What sectors do the JPY and HEWJ ETFs invest in?

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

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

JPY top holdings include MITSUBISHI UFJ FINANCIAL GROUP, SUMITOMO MITSUI and MITSUBISHI. HEWJ holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.

Which ETF is more diversified: JPY or HEWJ?

JPY holds 58 securities with 44.49% of its assets in the top 15. HEWJ has 179 securities and a top 15 weight of 35.71%.

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