Data as of Oct 28, 2026.

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EWJ vs ITOT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWJ returned +18.1% to ITOT's +13.4%; 0% 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 $97.1bn on Oct 27, 2026 for iShares Core S&P Total U.S. Stock Market ETF.

At a glance
+18.1%
EWJ total return, 1 year
+13.4%
ITOT total return, 1 year
0.49%
EWJ expense ratio
0.03%
ITOT expense ratio

Pair scorecard

ITOT costs 0.46 points a year less; their one-year returns differ by 4.7 points; ITOT is 4.1 times larger.

EWJ vs ITOT: Differences, Returns & Fees
MeasureEWJITOT
Return
Total return, 1 year+18.1%+13.4%
Drawdown
Below its high4.4%, high on Oct 6, 2026
Benchmark
What it tracksMSCI Japan IndexS&P Total Market Index (TMI)
Cost and size
Expense ratio0.49%0.03%
Net assets, as of Oct 27, 2026$23.8bn$97.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund29.5%33.9%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jan 30, 2004 to Oct 23, 2026 · 1,186 weekly returns
EWJ ITOT
Return
Total return edge ITOT +246.4% +886.3%
Annualized edge ITOT +5.6% +10.6%
Price return edge ITOT +143.5% +567.2%
Risk
Volatility edge ITOT (slight) 18.4% 17.3%
Max drawdown edge EWJ (slight) −52.4% −54.7%
Risk-adjusted
Sharpe edge ITOT 0.29 0.56
Sortino edge ITOT 0.41 0.80
Calmar edge ITOT 0.11 0.19
Reading

ITOT returned more: +886.3% to +246.4%. ITOT swung slightly less: 17.3% to 18.4%. EWJ fell slightly less at its worst: −52.4% to −54.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EWJ vs ITOT: Differences, Returns & Fees
MeasureEWJITOTEdgeHow it is measured
Return
Total return+246.4%+886.3%ITOTPrice change plus distributions, reinvested.
Annualized+5.6%+10.6%ITOTTotal return as a yearly rate.
Price return+143.5%+567.2%ITOTPrice change alone, distributions left out.
Risk
Volatility18.4%17.3%ITOT (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.2%12.2%ITOT (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−52.4%−54.7%EWJ (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.290.56ITOTReturn above Treasury bills per unit of volatility.
Sortino0.410.80ITOTReturn above Treasury bills per unit of downside deviation.
Calmar0.110.19ITOTAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,186 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWJ and ITOT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWJ ITOT
Only in one fund ↓
Only in EWJ
MITSUBISHI UFJ FINANCIAL GROUP 4.40%
TOYOTA MOTOR 3.59%
ADVANTEST 3.03%
HITACHI 3.03%
RECRUIT HOLDINGS LTD 3.03%
SONY GROUP 2.89%
SUMITOMO MITSUI FINANCIAL GROUP 2.83%
TOKYO ELECTRON 2.55%
Only in ITOT
NVIDIA 7.06%
APPLE 6.78%
MICROSOFT 5.28%
AMAZON.COM INC 3.32%
ALPHABET CLASS A 2.52%
BROADCOM INC 2.18%
ALPHABET CLASS C 2.02%
META PLATFORMS CLASS A 1.83%
Check overlap with more funds →

Side by side

EWJ iShares MSCI Japan ETF ITOT iShares Core S&P Total U.S. Stock Market ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Japan Tracks the S&P Total U.S. Stock Market
Total return, 1 year +18.1% +13.4%
Its benchmark over the same days +14.3% (ACWX) not measured
Gap to its benchmark +3.8 pts vs ACWX not measured
Expense ratio 0.49% 0.03%
Already in the S&P 500 0.0% 88.1%
Holdings 169 2443
Net assets, EWJ as of Oct 28, 2026 and ITOT as of Oct 27, 2026 $23.9bn $97.1bn

EWJ and ITOT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-E83768AEAF

EWJ and ITOT do different jobs. What does each one do in a portfolio?

  1. What each follows. EWJ follows MSCI Japan Index and ITOT follows S&P Total Market Index (TMI).
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWJ returned +18.1% and ITOT +13.4% with distributions reinvested, a gap of 4.7 points.

Data as of Oct 28, 2026.

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About each fund
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.

ITOT

ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,443 positions, with the top ten at 33.9%.

Questions people ask

Which returned more over the last year, EWJ or ITOT?
In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and ITOT +13.4%.
Which is cheaper, EWJ or ITOT?
ITOT is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWJ and ITOT overlap with the S&P 500?
By their latest filed holdings, 0% of EWJ and 88% of ITOT by weight is stocks the S&P 500 already holds.
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ETFIQ, EWJ against ITOT, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-itot

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