MJSC vs. EWJ
MJSC (MUFG Japan Small Cap Active ETF) and EWJ (iShares MSCI Japan ETF) are both Japan Equities funds. MJSC is actively managed, while EWJ is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. MJSC charges 0.85%/yr vs 0.49%/yr for EWJ.
Performance
MJSC vs. EWJ - Performance Comparison
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Returns By Period
In the year-to-date period, MJSC achieves a 22.41% return, which is significantly higher than EWJ's 17.13% return.
MJSC
- 1D
- 1.18%
- 1M
- 0.00%
- YTD
- 22.41%
- 6M
- 20.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWJ
- 1D
- 2.01%
- 1M
- 3.84%
- YTD
- 17.13%
- 6M
- 15.60%
- 1Y
- 34.38%
- 3Y*
- 17.59%
- 5Y*
- 8.93%
- 10Y*
- 9.73%
MJSC vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MJSC MUFG Japan Small Cap Active ETF | 22.41% | -0.05% |
EWJ iShares MSCI Japan ETF | 17.13% | 2.96% |
Correlation
The correlation between MJSC and EWJ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.83 |
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Return for Risk
MJSC vs. EWJ — Risk / Return Rank
MJSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWJ
MJSC vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MUFG Japan Small Cap Active ETF (MJSC) 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.
| MJSC | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 8.55 | — |
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Drawdowns
MJSC vs. EWJ - Drawdown Comparison
The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for MJSC and EWJ.
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Drawdown Indicators
| MJSC | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -60.93% | +48.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.14% | — |
Current DrawdownCurrent decline from peak | -2.80% | 0.00% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -21.72% | +18.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.03% | — |
Volatility
MJSC vs. EWJ - Volatility Comparison
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Volatility by Period
| MJSC | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 20.32% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 18.41% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 17.35% | +3.28% |
MJSC vs. EWJ - Expense Ratio Comparison
MJSC has a 0.85% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Dividends
MJSC vs. EWJ - Dividend Comparison
MJSC's dividend yield for the trailing twelve months is around 0.54%, less than EWJ's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 4.42% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
MJSC MUFG Japan Small Cap Active ETF | 0.54% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MJSC and EWJ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWJ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWJ is cheaper with a 0.49% expense ratio, compared with 0.85% for MJSC.
EWJ has the higher dividend yield at 4.42%, compared with 0.54% for MJSC.
They also come from different issuers: MUFG and iShares. Their fees differ too: 0.85% for MJSC and 0.49% for EWJ.
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