EWH vs. EWJ
Compare and contrast key facts about iShares MSCI Hong Kong ETF (EWH) and iShares MSCI Japan ETF (EWJ).
EWH and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWH is a passively managed fund by iShares that tracks the performance of the MSCI Hong Kong 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 EWH 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWH or EWJ.
Key characteristics
| EWH | EWJ | |
|---|---|---|
| YTD Return | -7.14% | 4.63% |
| 1Y Return | -17.83% | 17.57% |
| 3Y Return (Ann) | -13.40% | 1.63% |
| 5Y Return (Ann) | -7.15% | 5.51% |
| 10Y Return (Ann) | 0.71% | 5.80% |
| Sharpe Ratio | -0.97 | 1.13 |
| Daily Std Dev | 19.85% | 14.70% |
| Max Drawdown | -66.43% | -58.89% |
| Current Drawdown | -36.93% | -6.57% |
Correlation
The correlation between EWH and EWJ is 0.52, 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.
Performance
EWH vs. EWJ - Performance Comparison
In the year-to-date period, EWH achieves a -7.14% return, which is significantly lower than EWJ's 4.63% return. Over the past 10 years, EWH has underperformed EWJ with an annualized return of 0.71%, while EWJ has yielded a comparatively higher 5.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWH vs. EWJ - Expense Ratio Comparison
Both EWH and EWJ have an expense ratio of 0.49%.
Risk-Adjusted Performance
EWH vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Hong Kong ETF (EWH) 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.
Dividends
EWH vs. EWJ - Dividend Comparison
EWH's dividend yield for the trailing twelve months is around 4.60%, more than EWJ's 1.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWH iShares MSCI Hong Kong ETF | 4.60% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% | 3.52% | 2.96% |
EWJ iShares MSCI Japan ETF | 1.94% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
EWH vs. EWJ - Drawdown Comparison
The maximum EWH drawdown since its inception was -66.43%, which is greater than EWJ's maximum drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for EWH and EWJ. For additional features, visit the drawdowns tool.
Volatility
EWH vs. EWJ - Volatility Comparison
iShares MSCI Hong Kong ETF (EWH) has a higher volatility of 6.54% compared to iShares MSCI Japan ETF (EWJ) at 4.07%. This indicates that EWH's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.