Data as of Oct 28, 2026.

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EWJ vs IXUS: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWJ returned +18.1% to IXUS's +14.1%; 12% 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 $57.6bn on Oct 27, 2026 for iShares Core MSCI Total International Stock ETF.

At a glance
+18.1%
EWJ total return, 1 year
+14.1%
IXUS total return, 1 year
0.49%
EWJ expense ratio
0.07%
IXUS expense ratio

Pair scorecard

IXUS costs 0.42 points a year less; their one-year returns differ by 4.0 points; IXUS is 2.4 times larger.

EWJ vs IXUS: Differences, Returns & Fees
MeasureEWJIXUS
Return
Total return, 1 year+18.1%+14.1%
Drawdown
Below its high4.4%, high on Oct 6, 20264.9%, high on Sep 4, 2026
Benchmark
What it tracksMSCI Japan IndexMSCI ACWI ex USA IMI
Cost and size
Expense ratio0.49%0.07%
Net assets, as of Oct 27, 2026$23.8bn$57.6bn
Holdings
Holdings in common12%
Top ten holdings, share of the fund29.5%13.5%

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

Risk and return

Nov 2, 2012 to Oct 23, 2026 · 729 weekly returns · each against ACWX
EWJ IXUS
Return
Total return edge EWJ +234.4% +177.4%
Annualized edge EWJ +9.0% +7.5%
Price return edge EWJ +159.1% +90.2%
Risk
Volatility edge IXUS (slight) 17.1% 15.8%
Max drawdown edge EWJ (slight) −32.5% −34.6%
Downside capture 91.9% 99.4%
Beta 0.88 0.99
Risk-adjusted
Sharpe edge EWJ 0.48 0.42
Sortino edge EWJ 0.69 0.59
Treynor 0.094 0.068
Calmar edge EWJ 0.28 0.22
Against the benchmark
Alpha +2.5% a year +0.3% a year
Alpha t-stat 0.96 0.64
Information ratio 0.18 0.14
Tracking error 9.9% 1.5%
Reading

EWJ returned more: +234.4% to +177.4%. IXUS swung slightly less: 15.8% to 17.1%. EWJ fell slightly less at its worst: −32.5% to −34.6%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: EWJ vs IXUS: Differences, Returns & Fees
MeasureEWJIXUSACWXEdgeHow it is measured
Return
Total return+234.4%+177.4%EWJPrice change plus distributions, reinvested.
Annualized+9.0%+7.5%EWJTotal return as a yearly rate.
Price return+159.1%+90.2%EWJPrice change alone, distributions left out.
Risk
Volatility17.1%15.8%IXUS (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation11.9%11.3%IXUS (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.5%−34.6%EWJ (slight)Deepest fall from a high to the low after it.
Upside capture90.5%99.6%100.0%IXUS (slight)Share of its benchmark's rise caught in the weeks it rose.
Downside capture91.9%99.4%100.0%EWJ (slight)Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.880.991.00EWJ lowerHow far it moves for each 1% its benchmark moves.
R squared0.670.991.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.480.42EWJReturn above Treasury bills per unit of volatility.
Sortino0.690.59EWJReturn above Treasury bills per unit of downside deviation.
Treynor0.0940.0680.065EWJReturn above Treasury bills per unit of beta.
Calmar0.280.22EWJAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkACWXACWXACWXThe ETF each fund is measured against.
Alpha+2.5% a year+0.3% a year0.0%Not significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.960.64Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−2.6% to +7.6%−0.5% to +1.1%Both include zeroThe 95% range for the yearly alpha.
Information ratio0.180.14EWJReturn against its benchmark per unit of tracking error.
Tracking error9.9%1.5%0.0%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, EWJ and IXUS hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first EWJ IXUS
MITSUBISHI UFJ FINANCIAL GROUP 4.40% 0.55%
TOYOTA MOTOR 3.59% 0.45%
ADVANTEST 3.03% 0.38%
HITACHI 3.03% 0.38%
RECRUIT HOLDINGS LTD 3.03% 0.38%
SONY GROUP 2.89% 0.36%
SUMITOMO MITSUI FINANCIAL GROUP 2.83% 0.35%
TOKYO ELECTRON 2.55% 0.32%
MIZUHO FINANCIAL GROUP 2.15% 0.27%
SOFTBANK GROUP CORP 2.03% 0.25%
TOKIO MARINE HOLDINGS 1.90% 0.24%
KEYENCE 1.82% 0.23%
Only in one fund ↓
Only in EWJ
JPY/USD 0.00%
TOPIX INDEX DEC 26 0.00%
Only in IXUS
TAIWAN SEMICONDUCTOR MANUFACTURING 4.39%
SAMSUNG ELECTRONICS LTD 1.90%
ASML HOLDING 1.53%
SK HYNIX 1.35%
ROCHE PS PAR AG 0.82%
SHELL 0.73%
TENCENT HOLDINGS 0.73%
HSBC HOLDINGS PLC 0.72%
Check overlap with more funds →

Side by side

EWJ iShares MSCI Japan ETF IXUS iShares Core MSCI Total International Stock ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Japan Tracks the MSCI Total International Stock
Total return, 1 year +18.1% +14.1%
Its benchmark over the same days +14.3% (ACWX) +14.3% (ACWX)
Gap to its benchmark +3.8 pts vs ACWX −0.2 pts vs ACWX
Expense ratio 0.49% 0.07%
Already in the S&P 500 0.0% 0.0%
Holdings 169 4584
Net assets, EWJ as of Oct 28, 2026 and IXUS as of Oct 27, 2026 $23.9bn $57.6bn

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

Client brief · page 1 of 2 Report BR-85466492A2

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

  1. What each follows. EWJ follows MSCI Japan Index and IXUS follows MSCI ACWI ex USA IMI.
  2. Holdings in common. 12% 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 IXUS +14.1% with distributions reinvested, a gap of 4.0 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.

IXUS

IXUS tracks the MSCI Total International Stock. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% 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 4,584 positions, with the top ten at 13.5%. It sat 4.9% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWJ or IXUS?
In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and IXUS +14.1%.
Which is cheaper, EWJ or IXUS?
IXUS is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWJ and IXUS overlap with the S&P 500?
By their latest filed holdings, 0% of EWJ and 0% of IXUS by weight is stocks the S&P 500 already holds.
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ETFIQ, EWJ against IXUS, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-ixus

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