HEWJ
iShares Currency Hedged MSCI Japan ETF
The iShares Currency Hedged MSCI Japan ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities while mitigating exposure to fluctuations between the value of the Japanese yen and the U.S. dollar.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 741.5 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Jan 31, 2014 |
| Regulation | Open-End Investment Company |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | Yes |
| Fund of funds | Yes |
Top 10 Holdings
Complete list +
| MITSUBISHI UFJ FINANCIAL GRO | 4.0 % |
| TOYOTA MOTOR CORP | 3.5 % |
| SOFTBANK GROUP CORP. | 3.3 % |
| HITACHI LTD | 2.8 % |
| TOKYO ELECTRON LTD | 2.8 % |
| SUMITOMO MITSUI FINANCIAL GR | 2.6 % |
| SONY CORP | 2.5 % |
| ADVANTEST CORP | 2.4 % |
| MIZUHO FINANCIAL GROUP INC | 2.1 % |
| MITSUBISHI CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $0 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 97.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.4% | 42.5% | 21.0% | 26.4% | 10.0% | 9.3% | -- | 8.4% |
| Dividend Yield | 0.0% | 7.6% | 4.6% | 4.0% | 11.2% | 6.5% | -- | 5.7% |
| Total Returns | 18.4% | 50.1% | 25.5% | 30.4% | 21.2% | 15.8% | -- | 14.1% | Ann. Volatility | 20.9% | 18.7% | 22.6% | 20.4% | 19.1% | 19.7% | -- | 20.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 42% |
| MSCI EAFE | 0.92 | 55% |
| MSCI Emg Mkts | 0.59 | 39% |
Liquidity Measures
| Avg. volume (000) | 94 |
| ADV traded (mns) | $6 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $60.53 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.88/0.81 |
| Bollinger Bands (Upper/Lower) | $63.30/$58.68 |
| Short interest (% of AUM) | 0.6% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HEWJ |
Expenses vs. HEWJ |
ALTAR Score™ vs. HEWJ |
|---|---|---|---|---|
| EWJ | iShares MSCI Japan ETF | 97.1% | 0 bp | -0.5% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 91.8% | -3 bp | -0.7% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 91.0% | -31 bp | -0.1% |
| FLJH | Franklin FTSE Japan Hedged ETF | 82.2% | -41 bp | -0.3% |
| FLJP | Franklin FTSE Japan ETF | 81.9% | -41 bp | +0.0% |
| JPXN | iShares JPX-Nikkei 400 ETF | 79.5% | -2 bp | 0.0% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 78.8% | -25 bp | +0.2% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 58.1% | -2 bp | +0.2% |
| EWJV | iShares MSCI Japan Value ETF | 55.3% | -35 bp | +1.6% |
| IPAC | iShares Core MSCI Pacific ETF | 54.8% | -41 bp | +0.1% |
Risk and Returns: HEWJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.5%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. HEWJ's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places HEWJ in the 35th percentile
among funds in the category.
Sell-Side Consensus
$66.2
PRICE TARGET
+4.9%
UPSIDE