RAYJ vs. HEWJ
RAYJ (Rayliant SMDAM Japan Equity ETF) and HEWJ (iShares Currency Hedged MSCI Japan ETF) are both Japan Equities funds. RAYJ is actively managed, while HEWJ is passively managed. RAYJ charges 0.72%/yr vs 0.49%/yr for HEWJ.
Performance
RAYJ vs. HEWJ - Performance Comparison
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Returns By Period
RAYJ
- 1D
- 0.00%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HEWJ
- 1D
- -0.95%
- 1M
- -1.59%
- 6M
- 13.28%
- YTD
- 19.00%
- 1Y
- 44.92%
- 3Y*
- 26.49%
- 5Y*
- 21.72%
- 10Y*
- 16.74%
- ALL TIME*
- 13.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.62M | $2.67M | $4.10M | |
| $0.00 | $0.00 | $0.00 |
RAYJ vs. HEWJ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
RAYJ Rayliant SMDAM Japan Equity ETF | 0.00% |
HEWJ iShares Currency Hedged MSCI Japan ETF | -0.95% |
RAYJ vs. HEWJ - Sectors Allocation Comparison
Sectors
RAYJ
HEWJ
Industrials
Technology
Consumer Cyclical
Basic Materials
Financial Services
Healthcare
Communication Services
Real Estate
Consumer Defensive
Energy
-
Utilities
-
Industrials
RAYJ
HEWJ
Technology
RAYJ
HEWJ
Consumer Cyclical
RAYJ
HEWJ
Basic Materials
RAYJ
HEWJ
Financial Services
RAYJ
HEWJ
Healthcare
RAYJ
HEWJ
Communication Services
RAYJ
HEWJ
Real Estate
RAYJ
HEWJ
Consumer Defensive
RAYJ
HEWJ
Energy
RAYJ
-
HEWJ
Utilities
RAYJ
-
HEWJ
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Return for Risk
RAYJ vs. HEWJ — Risk / Return Rank
RAYJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HEWJ
RAYJ vs. HEWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant SMDAM Japan Equity ETF (RAYJ) 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.
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.
| RAYJ | HEWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.16 | — |
| Martin ratioReturn relative to average drawdown | — | 14.38 | — |
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Drawdowns
RAYJ vs. HEWJ - Drawdown Comparison
The maximum RAYJ drawdown since its inception was 0.00%, smaller than the maximum HEWJ drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for RAYJ and HEWJ.
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Drawdown Indicators
| RAYJ | HEWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -31.53% | +31.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.37% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.94% | +5.94% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -6.57% | +6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.00% | — |
Volatility
RAYJ vs. HEWJ - Volatility Comparison
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Volatility by Period
| RAYJ | HEWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 20.08% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 19.38% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 19.49% | — |
RAYJ vs. HEWJ - Expense Ratio Comparison
RAYJ has a 0.72% expense ratio, which is higher than HEWJ's 0.49% expense ratio.
Dividends
RAYJ vs. HEWJ - Dividend Comparison
RAYJ has not paid dividends to shareholders, while HEWJ's dividend yield for the trailing twelve months is around 4.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEWJ iShares Currency Hedged MSCI Japan ETF | 4.18% | 5.10% | 2.20% | 2.02% | 47.68% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% |
RAYJ Rayliant SMDAM Japan Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
On fees, HEWJ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEWJ is cheaper with a 0.49% expense ratio, compared with 0.72% for RAYJ.
HEWJ has the higher dividend yield at 4.18%, compared with 0.00% for RAYJ.
They also come from different issuers: Rayliant and iShares. Their fees differ too: 0.72% for RAYJ and 0.49% for HEWJ.
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