Data as of Oct 28, 2026.
EWJ vs XOVR: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWJ returned +18.1% to XOVR's −3.0%; 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 $2.2bn on Jun 30, 2026 for ERShares Private-Public Crossover ETF.
Pair scorecard
EWJ costs 1.32 points a year less; their one-year returns differ by 21.1 points.
| Measure | EWJ | XOVR |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.1% | −3.0% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | 6.5%, high on Oct 5, 2026 |
| Benchmark | ||
| What it tracks | MSCI Japan Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.49% | 1.81% |
| Net assets, EWJ as of Oct 28, 2026 and XOVR as of Jun 30, 2026 | $23.9bn | $2.2bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 29.5% | 63.1% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 17, 2017 to Oct 23, 2026 · 466 weekly returnsXOVR returned more: +138.8% to +92.3%. EWJ swung less: 18.1% to 26.7%. EWJ fell less at its worst: −32.5% to −56.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWJ | XOVR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +92.3% | +138.8% | XOVR | Price change plus distributions, reinvested. |
| Annualized | +7.6% | +10.2% | XOVR | Total return as a yearly rate. |
| Price return | +60.3% | +37.1% | EWJ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.1% | 26.7% | EWJ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.6% | 18.5% | EWJ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.5% | −56.3% | EWJ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.34 | 0.40 | XOVR | Return above Treasury bills per unit of volatility. |
| Sortino | 0.49 | 0.57 | XOVR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.23 | 0.18 | EWJ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 466 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWJ and XOVR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWJ and XOVR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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.
XOVR
XOVR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 1.81% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 6.5% below its high of Oct 5, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWJ or XOVR?
- In the year to Oct 28, 2026, with distributions reinvested, EWJ returned +18.1% and XOVR −3.0%.
- Which is cheaper, EWJ or XOVR?
- EWJ is cheaper, by 1.32 percentage points a year. That is about $132 on $10,000 held for a year. Fees come from each fund's prospectus.
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 XOVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewj-vs-xovr
ETFIQ. (Oct 28, 2026). EWJ against XOVR. Retrieved from https://etfiq.com/compare/any/ewj-vs-xovr
[EWJ against XOVR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewj-vs-xovr)
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