JPYvsHEWJETF Comparison
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Lazard Japanese Equity ETF (JPY) 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: Industrials, Financials and Information Technology. JPY is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 1.02% for HEWJ. JPY is up 14.38% year-to-date (YTD) with +$5M in YTD flows. HEWJ performs better with 19.19% YTD performance, and +$87M 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
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JPY HEWJ | -0.30%+2.56% | +10.76%+11.54% | +14.38%+19.19% | +30.67%+50.89% | n/a+109.55% | n/a+161.24% |
| Flows | JPY HEWJ | +$2M-$72M | +$2M-$140M | +$5M+$87M | +$27M+$142M | -+$276M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JPY HEWJ | +23.75%+20.65% | +21.21%+18.96% | n/a+20.22% | n/a+19.04% |
| Max drawdown | JPY HEWJ | -5.63%-4.76% | -15.32%-10.13% | n/a-21.20% | n/a-21.20% |
| Max drawdown duration | JPY HEWJ | 13d8d | 105d69d | n/a351d | n/a351d |
Trading data
JPY | HEWJ | |
Last sale 6/12/2026 at 1:30 PM | $36.95 | $62.83 |
| Previous close 06/11/2026 | $36.78 | $62.17 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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JPY
is actively managed and doesn’t replicate an indexJPY | 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 6/12/2026 at 1:30 PM
Live
Closed
JPY | HEWJ | |
|---|---|---|
| Last price | $36.95 | $62.83 |
| 1D performance | +0.46% | +1.06% |
| AuM | $80.15 M | $687.17 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 |
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Exposure
Countries
JPY
Japan
96.46%
Other
3.54%
HEWJ
Japan
98.98%
Other
1.02%
Sectors
JPY
Industrials
25.78%
Financials
19.62%
Information Techn.
12.97%
Consumer Discreti.
10.06%
Materials
7.56%
Other
24.02%
HEWJ
Industrials
25.86%
Financials
17.33%
Information Techn.
15.11%
Consumer Discreti.
14.91%
Other
26.79%
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Diversification
JPY
Total weight of top 15 holdings out of 15
43.15%
HEWJ
Total weight of top 15 holdings out of 15
36.57%
Top 15 holdings
Data as of April 30, 2026
JPY
MITSUBISHI UFJ FINANCIAL GROUP
4.84%
SUMITOMO MITSUI
4.03%
HITACHI
3.13%
MIZUHO FINANCIAL
3.13%
SOFTBANK GROUP CORP
3.12%
TOKYO ELECTRON
3.10%
TOKIO MARINE HOLDINGS
2.96%
SONY GROUP CORPORATION
2.76%
RECRUIT HLDGS CO LTD
2.43%
MITSUBISHI
2.35%
MITSUBISHI ELECTRIC
2.33%
SHIN-ETSU CHEM
2.31%
TAKEDA PHARMACEUTICAL
2.28%
KOMATSU
2.23%
DISCO
2.15%
HEWJ
MITSUBISHI UFJ FINANCIAL GROUP
4.06%
TOYOTA
3.66%
HITACHI
2.86%
ADVANTEST
2.76%
SUMITOMO MITSUI
2.58%
TOKYO ELECTRON
2.54%
SOFTBANK GROUP CORP
2.48%
SONY GROUP CORPORATION
2.45%
MIZUHO FINANCIAL
2.14%
MITSUBISHI
2.05%
MITSUBISHI HVY
1.89%
MITSUI
1.86%
FAST RETAILING
1.79%
KEYENCE
1.77%
TOKIO MARINE HOLDINGS
1.69%
Frequently asked questions about JPY and HEWJ
How have the JPY and HEWJ ETFs performed in 2026?
As of June 12, 2026, JPY is up 14.38% year-to-date (YTD), while HEWJ has returned 19.19%. 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 +$5M in flows, compared to +$87M for HEWJ.
Which ETF is more volatile: JPY or HEWJ?
Over the past year, JPY had a volatility of 21.21%, while HEWJ experienced 18.96%.
Which ETF is bigger: JPY or HEWJ?
As of June 12, 2026, JPY holds $80.15 M in assets under management (AUM), while HEWJ manages $687.17 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 Information Technology.
What are the top holdings of the JPY ETF and HEWJ ETF?
JPY top holdings include MITSUBISHI UFJ FINANCIAL GROUP, SUMITOMO MITSUI and HITACHI. HEWJ holds in its top three: MITSUBISHI UFJ FINANCIAL GROUP, TOYOTA and HITACHI.
Which ETF is more diversified: JPY or HEWJ?
JPY holds 58 securities with 43.15% of its assets in the top 15. HEWJ has 179 securities and a top 15 weight of 36.57%.
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