Which returned more over the last year, EWJ or MTUM?

In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and MTUM +18.4%.

Which is cheaper, EWJ or MTUM?

MTUM 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.

How much do EWJ and MTUM overlap with the S&P 500?

By their latest filed holdings, 0% of EWJ and 93% of MTUM by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

EWJ vs MTUM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWJ returned +18.1% to MTUM's +18.4%; 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 $18.7bn on Oct 27, 2026 for iShares MSCI USA Momentum Factor ETF.

EWJ on its own →MTUM on its own →

At a glance

+18.1%

EWJ total return, 1 year

+18.4%

MTUM total return, 1 year

0.49%

EWJ expense ratio

0.15%

MTUM expense ratio

Pair scorecard

MTUM costs 0.34 points a year less; their one-year returns differ by 0.3 points; EWJ is 1.3 times larger.

EWJ vs MTUM: Differences, Returns & Fees
Measure	EWJ	MTUM
Return
Measure	EWJ	MTUM
Total return, 1 year	+18.1%	+18.4%
Drawdown
Measure	EWJ	MTUM
Below its high	4.4%, high on Oct 6, 2026	11.9%, high on Jun 22, 2026
Benchmark
Measure	EWJ	MTUM
What it tracks	MSCI Japan Index	MSCI USA Momentum SR Variant Index
Cost and size
Measure	EWJ	MTUM
Expense ratio	0.49%	0.15%
Net assets, as of Oct 27, 2026	$23.8bn	$18.7bn
Holdings
Measure	EWJ	MTUM
Holdings in common	0%
Top ten holdings, share of the fund	29.5%	35.5%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWJ MTUM

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 MTUM

ADVANCED MICRO DEVICES 6.06%

MICRON TECHNOLOGY 5.00%

INTEL CORPORATION 3.92%

CISCO SYSTEMS INC 3.64%

JOHNSON & JOHNSON 3.45%

EXXONMOBIL HOLDINGS CORP 2.96%

PALO ALTO NETWORKS 2.88%

ALPHABET CLASS A 2.62%

Check overlap with more funds →

Side by side

EWJ iShares MSCI Japan ETF MTUM iShares MSCI USA Momentum Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI Japan Tracks the MSCI USA Momentum Factor

Total return, 1 year +18.1% +18.4%

Its benchmark over the same days +14.3% (ACWX) +13.6% (MLRG)

Gap to its benchmark +3.8 pts vs ACWX +4.8 pts vs MLRG

Expense ratio 0.49% 0.15%

Already in the S&P 500 0.0% 93.2%

Holdings 169 126

Net assets, EWJ as of Oct 28, 2026 and MTUM as of Oct 27, 2026 $23.9bn $18.7bn

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

Alert

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.

MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWJ or MTUM?: In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and MTUM +18.4%.
Which is cheaper, EWJ or MTUM?: MTUM 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.
How much do EWJ and MTUM overlap with the S&P 500?: By their latest filed holdings, 0% of EWJ and 93% of MTUM by weight is stocks the S&P 500 already holds.

Other comparisons

EWJ vs SPHQ EWJ vs SPMO EWJ vs USMV EWJ vs RDVY EWT vs MTUM EWZ vs MTUM EZU vs MTUM MTUM vs VPL

Where to next

EWJ on its own →MTUM on its own →Hold both: look the portfolio through →Rankings →EWJ dividend history →EWJ holdings →MTUM dividend history →MTUM holdings →Standards and sources →

Sources and dates

EWJ filings on SEC EDGAR ↗

EWJ prospectus with the expense ratio (SEC) ↗

iShares page for EWJ ↗

MTUM filings on SEC EDGAR ↗

MTUM prospectus with the expense ratio (SEC) ↗

iShares page for MTUM ↗

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 MTUM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-mtum

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