Data as of Oct 28, 2026.
EWJ vs EWJV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWJ returned +18.1% to EWJV's +24.3%; 56% of their weight is in the same names.
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Net assets: $23.9bn on Oct 28, 2026 for iShares MSCI Japan ETF, and $779m on Oct 27, 2026 for iShares MSCI Japan Value ETF.
Pair scorecard
EWJV costs 0.34 points a year less; their one-year returns differ by 6.2 points; EWJ is far larger, $23.8bn against $779m.
| Measure | EWJ | EWJV |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.1% | +24.3% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | 6.1%, high on Sep 11, 2026 |
| Benchmark | ||
| What it tracks | MSCI Japan Index | MSCI Japan Value Index (USD) |
| Cost and size | ||
| Expense ratio | 0.49% | 0.15% |
| Net assets, as of Oct 27, 2026 | $23.8bn | $779m |
| Holdings | ||
| Holdings in common | 56% | |
| Top ten holdings, share of the fund | 29.5% | 40.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 15, 2019 to Oct 23, 2026 · 397 weekly returns · each against ACWXEWJV returned more: +146.2% to +103.3%. EWJ and EWJV swung about the same: 18.5% and 18.4%. EWJV fell less at its worst: −27.7% to −32.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EWJ | EWJV | ACWX | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +103.3% | +146.2% | EWJV | Price change plus distributions, reinvested. | |
| Annualized | +9.7% | +12.5% | EWJV | Total return as a yearly rate. | |
| Price return | +73.3% | +90.8% | EWJV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 18.5% | 18.4% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 12.7% | 12.8% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −32.5% | −27.7% | EWJV | Deepest fall from a high to the low after it. | |
| Upside capture | 91.7% | 85.3% | 100.0% | EWJ (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 94.8% | 87.8% | 100.0% | EWJV (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.88 | 0.82 | 1.00 | EWJV lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.72 | 0.61 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.44 | 0.58 | EWJV | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.64 | 0.84 | EWJV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.093 | 0.131 | 0.075 | EWJV | Return above Treasury bills per unit of beta. |
| Calmar | 0.30 | 0.45 | EWJV | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWX | ACWX | ACWX | The ETF each fund is measured against. | |
| Alpha | +1.6% a year | +4.6% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.44 | 1.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −5.5% to +8.6% | −3.6% to +12.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.07 | 0.27 | EWJV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.1% | 11.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 397 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWJ and EWJV hold 56% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
56% in common
Only in one fund ↓
Side by side
EWJ and EWJV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWJ and EWJV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EWJ follows MSCI Japan Index and EWJV follows MSCI Japan Value Index (USD).
- One-year total return. Over 1 year to Oct 28, 2026 EWJ returned +18.1% and EWJV +24.3% with distributions reinvested, a gap of 6.2 points.
- Cost. EWJ charges 0.49% of assets a year and EWJV 0.15%, a gap of 0.34 points.
Data as of Oct 28, 2026.
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EWJ
EWJ tracks the MSCI Japan. Over the year to Oct 28, 2026 it returned +18.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.49% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 29.5%. It sat 4.4% below its high of Oct 6, 2026 on Oct 28, 2026.
EWJV
EWJV tracks an index. Over the year to Oct 28, 2026 it returned +24.3% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 109 positions, with the top ten at 40.5%. It sat 6.1% below its high of Sep 11, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWJ or EWJV?
- In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and EWJV +24.3%.
- Which is cheaper, EWJ or EWJV?
- EWJV is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EWJ against EWJV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-ewjv
ETFIQ. (Oct 28, 2026). EWJ against EWJV. Retrieved from https://etfiq.com/compare/any/ewj-vs-ewjv
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