EWJ vs. EWH
Compare and contrast key facts about iShares MSCI Japan ETF (EWJ) and iShares MSCI Hong Kong ETF (EWH).
EWJ and EWH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. 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. Both EWJ and EWH 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: EWJ or EWH.
Key characteristics
| EWJ | EWH | |
|---|---|---|
| YTD Return | 4.88% | -7.66% |
| 1Y Return | 16.87% | -19.70% |
| 3Y Return (Ann) | 1.72% | -13.57% |
| 5Y Return (Ann) | 5.83% | -7.00% |
| 10Y Return (Ann) | 5.83% | 0.66% |
| Sharpe Ratio | 1.14 | -1.00 |
| Daily Std Dev | 14.70% | 19.84% |
| Max Drawdown | -58.89% | -66.43% |
| Current Drawdown | -6.35% | -37.28% |
Correlation
The correlation between EWJ and EWH 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
EWJ vs. EWH - Performance Comparison
In the year-to-date period, EWJ achieves a 4.88% return, which is significantly higher than EWH's -7.66% return. Over the past 10 years, EWJ has outperformed EWH with an annualized return of 5.83%, while EWH has yielded a comparatively lower 0.66% 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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EWJ vs. EWH - Expense Ratio Comparison
Both EWJ and EWH have an expense ratio of 0.49%.
Risk-Adjusted Performance
EWJ vs. EWH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ETF (EWJ) and iShares MSCI Hong Kong ETF (EWH). 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
EWJ vs. EWH - Dividend Comparison
EWJ's dividend yield for the trailing twelve months is around 1.94%, less than EWH's 4.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EWH iShares MSCI Hong Kong ETF | 4.63% | 4.28% | 2.91% | 2.78% | 2.56% | 2.71% | 2.93% | 4.35% | 3.08% | 2.63% | 3.52% | 2.96% |
Drawdowns
EWJ vs. EWH - Drawdown Comparison
The maximum EWJ drawdown since its inception was -58.89%, smaller than the maximum EWH drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for EWJ and EWH. For additional features, visit the drawdowns tool.
Volatility
EWJ vs. EWH - Volatility Comparison
The current volatility for iShares MSCI Japan ETF (EWJ) is 4.09%, while iShares MSCI Hong Kong ETF (EWH) has a volatility of 6.59%. This indicates that EWJ experiences smaller price fluctuations and is considered to be less risky than EWH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.