Data as of Oct 28, 2026.

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EWJ vs XLRE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWJ returned +18.1% to XLRE's +4.3%; 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 $8.0bn on Oct 27, 2026 for State Street Real Estate Select Sector SPDR ETF.

At a glance
+18.1%
EWJ total return, 1 year
+4.3%
XLRE total return, 1 year
0.49%
EWJ expense ratio
0.08%
XLRE expense ratio

Pair scorecard

XLRE costs 0.41 points a year less; their one-year returns differ by 13.8 points; EWJ is 3.0 times larger.

EWJ vs XLRE: Differences, Returns & Fees
MeasureEWJXLRE
Return
Total return, 1 year+18.1%+4.3%
Drawdown
Below its high4.4%, high on Oct 6, 20267.7%, high on Jul 28, 2026
Benchmark
What it tracksMSCI Japan IndexReal Estate Select Sector Index
Cost and size
Expense ratio0.49%0.08%
Net assets, as of Oct 27, 2026$23.8bn$8.0bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund29.5%58.9%

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

Risk and return

Oct 16, 2015 to Oct 23, 2026 · 575 weekly returns
EWJ XLRE
Return
Total return edge EWJ +138.9% +102.9%
Annualized edge EWJ +8.2% +6.6%
Price return edge EWJ +92.7% +38.9%
Risk
Volatility edge EWJ 17.3% 20.8%
Max drawdown edge EWJ (slight) −32.5% −35.2%
Risk-adjusted
Sharpe edge EWJ 0.41 0.30
Sortino edge EWJ 0.59 0.44
Calmar edge EWJ 0.25 0.19
Reading

EWJ returned more: +138.9% to +102.9%. EWJ swung less: 17.3% to 20.8%. EWJ fell slightly less at its worst: −32.5% to −35.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EWJ vs XLRE: Differences, Returns & Fees
MeasureEWJXLREEdgeHow it is measured
Return
Total return+138.9%+102.9%EWJPrice change plus distributions, reinvested.
Annualized+8.2%+6.6%EWJTotal return as a yearly rate.
Price return+92.7%+38.9%EWJPrice change alone, distributions left out.
Risk
Volatility17.3%20.8%EWJSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.0%14.3%EWJLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.5%−35.2%EWJ (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.410.30EWJReturn above Treasury bills per unit of volatility.
Sortino0.590.44EWJReturn above Treasury bills per unit of downside deviation.
Calmar0.250.19EWJAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 575 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWJ and XLRE 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 XLRE
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 XLRE
WELLTOWER INC 11.14%
PROLOGIS INC 8.19%
EQUINIX INC 6.72%
AMERICAN TOWER CORP 5.84%
PUBLIC STORAGE 4.87%
SIMON PROPERTY GROUP INC 4.76%
VIVMARK RESIDENTIAL 4.42%
DIGITAL REALTY TRUST INC 4.34%
Check overlap with more funds →

Side by side

EWJ iShares MSCI Japan ETF XLRE State Street Real Estate Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Japan Tracks an index of Real estate
Total return, 1 year +18.1% +4.3%
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% 0.08%
Already in the S&P 500 0.0% 99.5%
Holdings 169 31
Net assets, EWJ as of Oct 28, 2026 and XLRE as of Oct 27, 2026 $23.9bn $8.0bn

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

Client brief · page 1 of 2 Report BR-7582FEEB7F

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

  1. What each follows. EWJ follows MSCI Japan Index and XLRE follows Real Estate Select Sector Index.
  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 XLRE +4.3% with distributions reinvested, a gap of 13.8 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.

XLRE

XLRE tracks an index of Real estate. Over the year to Oct 28, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 58.9%. It sat 7.7% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWJ or XLRE?
In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and XLRE +4.3%.
Which is cheaper, EWJ or XLRE?
XLRE is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWJ and XLRE overlap with the S&P 500?
By their latest filed holdings, 0% of EWJ and 100% of XLRE by weight is stocks the S&P 500 already holds.
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ETFIQ, EWJ against XLRE, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-xlre

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