Data as of Oct 28, 2026.
EWJ vs HGER: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWJ returned +18.1% to HGER's +46.9%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $23.9bn for iShares MSCI Japan ETF and $5.0bn for Harbor Commodity All-Weather Strategy ETF.
Pair scorecard
EWJ costs 0.19 points a year less; their one-year returns differ by 28.8 points; EWJ is 4.8 times larger.
| Measure | EWJ | HGER |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.1% | +46.9% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI Japan Index | Quantix Commodity Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.68% |
| Net assets | $23.9bn | $5.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 29.5% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Feb 18, 2022 to Oct 23, 2026 · 244 weekly returnsHGER returned more: +114.7% to +64.5%. HGER swung slightly less: 17.0% to 18.8%. HGER fell less at its worst: −18.2% to −23.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWJ | HGER | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +64.5% | +114.7% | HGER | Price change plus distributions, reinvested. |
| Annualized | +11.2% | +17.7% | HGER | Total return as a yearly rate. |
| Price return | +47.9% | +79.8% | HGER | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.8% | 17.0% | HGER (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 10.0% | HGER | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −23.1% | −18.2% | HGER | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.80 | HGER | Return above Treasury bills per unit of volatility. |
| Sortino | 0.63 | 1.35 | HGER | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.48 | 0.97 | HGER | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 244 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWJ and HGER hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWJ and HGER on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWJ and HGER do different jobs. What does each one do in a portfolio?
- What each follows. EWJ follows MSCI Japan Index and HGER follows Quantix Commodity Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWJ returned +18.1% and HGER +46.9% with distributions reinvested, a gap of 28.8 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.
HGER
HGER tracks an index of Harbor Commodity All-Weather Strategy. Over the year to Oct 28, 2026 it returned +46.9% with distributions reinvested. The prospectus expense ratio is 0.68% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 0 positions, with the top ten at not published.
Questions people ask
- Which returned more over the last year, EWJ or HGER?
- In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and HGER +46.9%.
- Which is cheaper, EWJ or HGER?
- EWJ is cheaper, by 0.19 percentage points a year. That is about $19 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 HGER, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-hger
ETFIQ. (Oct 28, 2026). EWJ against HGER. Retrieved from https://etfiq.com/compare/any/ewj-vs-hger
[EWJ against HGER (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewj-vs-hger)
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