EWJV vs. EWJ
EWJV (iShares MSCI Japan Value ETF) and EWJ (iShares MSCI Japan ETF) are both Japan Equities funds from iShares - EWJV tracks the MSCI Japan Value Index while EWJ tracks the MSCI Japan Index. Both are passively managed. Over the past 5 years, EWJV returned 15.16%/yr vs 9.17%/yr for EWJ. Their correlation of 0.86 means they have usually moved in the same direction. EWJV charges 0.15%/yr vs 0.49%/yr for EWJ.
Performance
EWJV vs. EWJ - Performance Comparison
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Returns By Period
In the year-to-date period, EWJV achieves a 18.63% return, which is significantly higher than EWJ's 15.05% return.
EWJV
- 1D
- -0.93%
- 1M
- 3.26%
- 6M
- 10.80%
- YTD
- 18.63%
- 1Y
- 38.59%
- 3Y*
- 23.29%
- 5Y*
- 15.16%
- 10Y*
- —
- ALL TIME*
- 12.77%
EWJ
- 1D
- -0.96%
- 1M
- -0.81%
- 6M
- 8.37%
- YTD
- 15.05%
- 1Y
- 30.10%
- 3Y*
- 17.16%
- 5Y*
- 9.17%
- 10Y*
- 8.96%
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $420.68M | $453.45M | $519.58M | |
| $8.65M | $10.31M | $8.29M |
EWJV vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 18.63% | 33.96% | 11.59% | 23.60% | -6.02% | 5.48% | 2.41% | 9.40% |
EWJ iShares MSCI Japan ETF | 15.05% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 11.86% |
Correlation
The correlation between EWJV and EWJ is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.86 |
The correlation between EWJV and EWJ has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
EWJV vs. EWJ - Sectors Allocation Comparison
Sectors
EWJV
EWJ
Financial Services
Industrials
Consumer Cyclical
Communication Services
Technology
Basic Materials
Consumer Defensive
Healthcare
Real Estate
Energy
Utilities
Financial Services
EWJV
EWJ
Industrials
EWJV
EWJ
Consumer Cyclical
EWJV
EWJ
Communication Services
EWJV
EWJ
Technology
EWJV
EWJ
Basic Materials
EWJV
EWJ
Consumer Defensive
EWJV
EWJ
Healthcare
EWJV
EWJ
Real Estate
EWJV
EWJ
Energy
EWJV
EWJ
Utilities
EWJV
EWJ
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Return for Risk
EWJV vs. EWJ — Risk / Return Rank
EWJV
EWJ
EWJV vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWJV | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.28 | +0.47 |
| Martin ratioReturn relative to average drawdown | 8.02 | 7.33 | +0.69 |
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Drawdowns
EWJV vs. EWJ - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for EWJV and EWJ.
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Drawdown Indicators
| EWJV | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -60.93% | +30.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.74% | -13.59% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -14.68% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -33.14% | +7.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.14% | — |
Current DrawdownCurrent decline from peak | -0.94% | -4.72% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -21.64% | +15.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 4.23% | +0.82% |
Volatility
EWJV vs. EWJ - Volatility Comparison
The current volatility for iShares MSCI Japan Value ETF (EWJV) is 6.05%, while iShares MSCI Japan ETF (EWJ) has a volatility of 7.64%. This indicates that EWJV 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
| EWJV | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 7.64% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 17.70% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 20.96% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 18.69% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 17.45% | +1.12% |
EWJV vs. EWJ - Expense Ratio Comparison
EWJV has a 0.15% expense ratio, which is lower than EWJ's 0.49% expense ratio.
Dividends
EWJV vs. EWJ - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 4.79%, more than EWJ's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 3.86% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
EWJV iShares MSCI Japan Value ETF | 4.79% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWJV and EWJ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWJ has higher volatility (7.64%) compared to EWJV (6.05%). In terms of maximum drawdown, EWJV dropped -30.05% vs EWJ's -60.93%.
On 5-year performance, EWJV leads with 15.16% vs 9.17% for EWJ. On fees, EWJV is cheaper at 0.15% per year. On volatility, EWJV has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EWJV has performed better with a 15.16% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWJV is cheaper with a 0.15% expense ratio, compared with 0.49% for EWJ.
EWJV has the higher dividend yield at 4.79%, compared with 3.86% for EWJ.
EWJV tracks MSCI Japan Value Index, while EWJ tracks MSCI Japan Index. Their fees differ too: 0.15% for EWJV and 0.49% for EWJ.
EWJV currently has the higher Sharpe Ratio (2.11 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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