MJSC vs. EWJV
MJSC (MUFG Japan Small Cap Active ETF) and EWJV (iShares MSCI Japan Value ETF) are both Japan Equities funds. MJSC is actively managed, while EWJV is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. MJSC charges 0.85%/yr vs 0.15%/yr for EWJV.
Performance
MJSC vs. EWJV - Performance Comparison
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Returns By Period
In the year-to-date period, MJSC achieves a 22.76% return, which is significantly higher than EWJV's 12.82% return.
MJSC
- 1D
- -0.49%
- 1M
- -1.12%
- YTD
- 22.76%
- 6M
- 22.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWJV
- 1D
- 0.83%
- 1M
- -0.86%
- YTD
- 12.82%
- 6M
- 12.89%
- 1Y
- 35.89%
- 3Y*
- 22.85%
- 5Y*
- 13.51%
- 10Y*
- —
MJSC vs. EWJV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MJSC MUFG Japan Small Cap Active ETF | 22.76% | -0.05% |
EWJV iShares MSCI Japan Value ETF | 12.82% | 4.85% |
Correlation
The correlation between MJSC and EWJV is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.79 |
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Return for Risk
MJSC vs. EWJV — Risk / Return Rank
MJSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWJV
MJSC vs. EWJV - 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 Value ETF (EWJV). 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 | EWJV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 7.19 | — |
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Drawdowns
MJSC vs. EWJV - Drawdown Comparison
The maximum MJSC drawdown since its inception was -12.63%, smaller than the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for MJSC and EWJV.
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Drawdown Indicators
| MJSC | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -30.05% | +17.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.74% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.39% | — |
Current DrawdownCurrent decline from peak | -2.91% | -5.80% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -6.18% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.00% | — |
Volatility
MJSC vs. EWJV - Volatility Comparison
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Volatility by Period
| MJSC | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 19.69% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.71% | 18.06% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.55% | +2.16% |
MJSC vs. EWJV - Expense Ratio Comparison
MJSC has a 0.85% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Dividends
MJSC vs. EWJV - Dividend Comparison
MJSC's dividend yield for the trailing twelve months is around 0.53%, less than EWJV's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 5.04% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% |
MJSC MUFG Japan Small Cap Active ETF | 0.53% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MJSC and EWJV have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWJV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWJV is cheaper with a 0.15% expense ratio, compared with 0.85% for MJSC.
EWJV has the higher dividend yield at 5.04%, compared with 0.53% for MJSC.
They also come from different issuers: MUFG and iShares. Their fees differ too: 0.85% for MJSC and 0.15% for EWJV.
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