EWJV vs. HEWJ
Compare and contrast key facts about iShares MSCI Japan Value ETF (EWJV) and iShares Currency Hedged MSCI Japan ETF (HEWJ).
EWJV and HEWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both EWJV and HEWJ 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
EWJV vs. HEWJ - Performance Comparison
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EWJV vs. HEWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 9.81% | 33.96% | 11.59% | 23.60% | -6.02% | 5.48% | 2.41% | 10.48% |
HEWJ iShares Currency Hedged MSCI Japan ETF | 9.72% | 30.25% | 24.80% | 36.21% | -4.39% | 12.79% | 10.29% | 12.20% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EWJV having a 9.81% return and HEWJ slightly lower at 9.72%.
EWJV
- 1D
- 2.23%
- 1M
- -3.26%
- YTD
- 9.81%
- 6M
- 17.40%
- 1Y
- 39.02%
- 3Y*
- 24.49%
- 5Y*
- 13.19%
- 10Y*
- —
HEWJ
- 1D
- 2.74%
- 1M
- -2.87%
- YTD
- 9.72%
- 6M
- 23.14%
- 1Y
- 46.23%
- 3Y*
- 30.07%
- 5Y*
- 19.05%
- 10Y*
- 15.43%
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EWJV vs. HEWJ - Expense Ratio Comparison
EWJV has a 0.15% expense ratio, which is lower than HEWJ's 0.49% expense ratio.
Return for Risk
EWJV vs. HEWJ — Risk / Return Rank
EWJV
HEWJ
EWJV vs. HEWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) and iShares Currency Hedged MSCI Japan ETF (HEWJ). 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.
| EWJV | HEWJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.94 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.49 | 2.63 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.77 | -1.17 |
Martin ratioReturn relative to average drawdown | 9.55 | 14.33 | -4.78 |
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
| EWJV | HEWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.94 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.01 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.66 | +0.01 |
Correlation
The correlation between EWJV and HEWJ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EWJV vs. HEWJ - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 4.88%, more than HEWJ's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 4.88% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% |
HEWJ iShares Currency Hedged MSCI Japan ETF | 4.65% | 5.10% | 2.20% | 2.02% | 47.68% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% |
Drawdowns
EWJV vs. HEWJ - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, roughly equal to the maximum HEWJ drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for EWJV and HEWJ.
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Drawdown Indicators
| EWJV | HEWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -31.53% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.74% | -11.99% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -20.90% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -8.30% | -4.49% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -6.68% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.16% | +0.85% |
Volatility
EWJV vs. HEWJ - Volatility Comparison
iShares MSCI Japan Value ETF (EWJV) and iShares Currency Hedged MSCI Japan ETF (HEWJ) have volatilities of 8.04% and 7.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWJV | HEWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 7.97% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.38% | 14.91% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 23.99% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 19.02% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 20.00% | -1.49% |