EWG vs. EWJ
Compare and contrast key facts about iShares MSCI Germany ETF (EWG) and iShares MSCI Japan ETF (EWJ).
EWG and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both EWG and EWJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWG vs. EWJ - Performance Comparison
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EWG vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWG iShares MSCI Germany ETF | -6.66% | 35.79% | 9.79% | 23.35% | -22.27% | 5.84% | 10.09% | 19.15% | -21.40% | 27.42% |
EWJ iShares MSCI Japan ETF | 4.58% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 19.34% | -14.10% | 24.27% |
Returns By Period
In the year-to-date period, EWG achieves a -6.66% return, which is significantly lower than EWJ's 4.58% return. Over the past 10 years, EWG has underperformed EWJ with an annualized return of 7.03%, while EWJ has yielded a comparatively higher 8.78% annualized return.
EWG
- 1D
- 3.39%
- 1M
- -10.53%
- YTD
- -6.66%
- 6M
- -4.66%
- 1Y
- 8.76%
- 3Y*
- 14.25%
- 5Y*
- 5.73%
- 10Y*
- 7.03%
EWJ
- 1D
- 3.58%
- 1M
- -8.59%
- YTD
- 4.58%
- 6M
- 9.21%
- 1Y
- 28.81%
- 3Y*
- 16.27%
- 5Y*
- 6.62%
- 10Y*
- 8.78%
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EWG vs. EWJ - Expense Ratio Comparison
Both EWG and EWJ have an expense ratio of 0.49%.
Return for Risk
EWG vs. EWJ — Risk / Return Rank
EWG
EWJ
EWG vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Germany ETF (EWG) and iShares MSCI Japan ETF (EWJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EWG | EWJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.32 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.92 | -1.14 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.26 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.03 | -1.49 |
Martin ratioReturn relative to average drawdown | 1.76 | 7.50 | -5.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWG | EWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.32 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.37 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.51 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.10 | +0.14 |
Correlation
The correlation between EWG and EWJ is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EWG vs. EWJ - Dividend Comparison
EWG's dividend yield for the trailing twelve months is around 1.71%, less than EWJ's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWG iShares MSCI Germany ETF | 1.71% | 1.60% | 2.38% | 2.56% | 3.24% | 2.70% | 1.67% | 2.51% | 2.93% | 2.06% | 2.35% | 1.93% |
EWJ iShares MSCI Japan ETF | 4.33% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
Drawdowns
EWG vs. EWJ - Drawdown Comparison
The maximum EWG drawdown since its inception was -67.57%, which is greater than EWJ's maximum drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for EWG and EWJ.
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Drawdown Indicators
| EWG | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.57% | -60.93% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -13.59% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -43.44% | -33.14% | -10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | -33.14% | -13.66% |
Current DrawdownCurrent decline from peak | -10.97% | -10.14% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -19.28% | -21.84% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.68% | +0.78% |
Volatility
EWG vs. EWJ - Volatility Comparison
The current volatility for iShares MSCI Germany ETF (EWG) is 8.65%, while iShares MSCI Japan ETF (EWJ) has a volatility of 9.41%. This indicates that EWG experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWG | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 9.41% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 14.87% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 21.87% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 18.10% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 17.31% | +3.72% |