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

In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and SHV +3.6%.

Which is cheaper, EWJ or SHV?

SHV 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.

Data as of Oct 28, 2026.

Across categories

EWJ vs SHV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWJ returned +18.1% to SHV's +3.6%; 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 $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.

EWJ on its own →SHV on its own →

At a glance

+18.1%

EWJ total return, 1 year

+3.6%

SHV total return, 1 year

0.49%

EWJ expense ratio

0.15%

SHV expense ratio

Pair scorecard

SHV costs 0.34 points a year less; their one-year returns differ by 14.5 points; EWJ is 1.1 times larger.

EWJ vs SHV: Differences, Returns & Fees
Measure	EWJ	SHV
Return
Measure	EWJ	SHV
Total return, 1 year	+18.1%	+3.6%
Drawdown
Measure	EWJ	SHV
Below its high	4.4%, high on Oct 6, 2026
Benchmark
Measure	EWJ	SHV
What it tracks	MSCI Japan Index	ICE Short US Treasury Securities Index
Cost and size
Measure	EWJ	SHV
Expense ratio	0.49%	0.15%
Net assets, as of Oct 27, 2026	$23.8bn	$21.7bn
Holdings
Measure	EWJ	SHV
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	29.5%

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

What they share

By the books each fund has filed, EWJ and SHV 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 SHV

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 SHV

TREASURY BILL 4.98%

TREASURY BILL 4.17%

TREASURY BILL 3.90%

TREASURY BILL 3.72%

TREASURY BILL 3.58%

TREASURY BILL 3.48%

TREASURY BILL 3.35%

TREASURY BILL 3.31%

Check overlap with more funds →

Side by side

EWJ iShares MSCI Japan ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI Japan Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year +18.1% +3.6%

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% 0.15%

Holdings 169 66

Net assets, EWJ as of Oct 28, 2026 and SHV as of Oct 27, 2026 $23.9bn $21.7bn

EWJ and SHV 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.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, EWJ or SHV?: In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and SHV +3.6%.
Which is cheaper, EWJ or SHV?: SHV 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.

Other comparisons

EWJ vs SGOV EWJ vs PULS EWJ vs USFR EWJ vs MINT EWT vs SHV EWZ vs SHV EZU vs SHV SHV vs VPL

Where to next

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

Sources and dates

EWJ filings on SEC EDGAR ↗

EWJ prospectus with the expense ratio (SEC) ↗

iShares page for EWJ ↗

SHV filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, EWJ against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-shv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.