EWJ
iShares MSCI Japan ETF
The iShares MSCI Japan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Japan Index. The index consists primarily of large cap stocks traded in the Japanese market.
International
EQUITY
Passive
MANAGEMENT STYLE
14.1 B
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 12, 1996 |
| Assets (mns) | $14,103 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TOYOTA MOTOR CORP | 4.7 % |
| MITSUBISHI UFJ FINANCIAL GRO | 3.4 % |
| HITACHI LTD | 3.2 % |
| SONY CORP | 3.0 % |
| RECRUIT HOLDINGS CO LTD | 2.5 % |
| SUMITOMO MITSUI FINANCIAL GR | 2.3 % |
| KEYENCE CORP | 2.3 % |
| TOKIO MARINE HOLDINGS INC | 1.9 % |
| SHIN-ETSU CHEMICAL CO LTD | 1.8 % |
| TOKYO ELECTRON LTD | 1.8 % |
Constituent Breakdown
| Number of holdings | 198 |
| Herfindahl-Hirschman Index | 132 |
| Wgt avg mkt cap (mns) | $47,709 |
| Large cap (>$10bn) | 77.2% |
| Mid cap ($2-10bn) | 22.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 99.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.6% | 14.2% | 16.6% | 0.6% | 4.1% | 4.9% | 1.4% | Volatility | 18.1% | 17.6% | 17.0% | 17.6% | 18.8% | 17.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 77% |
| MSCI EAFE | 0.86 | 85% |
| MSCI Emg Mkts | 0.76 | 64% |
Liquidity Measures
| Avg. volume (000) | 4,355 |
| Turnover | 2.1% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $36,986 |
Technical Indicators
| Recent close | $67.74 |
| 30d moving avg. | $70.10 |
| Annualized volatility | 16.4% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 5.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWJ |
Expenses vs. EWJ |
ALTAR Score™ vs. EWJ |
|---|---|---|---|---|
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 94.0% | -3 bp | -0.6% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 91.0% | -31 bp | -0.1% |
| FLJP | Franklin FTSE Japan ETF | 83.0% | -41 bp | -0.2% |
| FLJH | Franklin FTSE Japan Hedged ETF | 82.7% | -41 bp | -0.3% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 81.5% | -25 bp | +0.6% |
| JPXN | iShares JPX-Nikkei 400 ETF | 79.4% | -2 bp | +0.7% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 57.9% | -2 bp | +0.5% |
| EWJV | iShares MSCI Japan Value ETF | 56.7% | -35 bp | +2.2% |
| IPAC | iShares Core MSCI Pacific ETF | 53.6% | -41 bp | -0.7% |
| VPL | Vanguard FTSE Pacific ETF | 46.8% | -42 bp | -0.2% |
Risk and Returns: EWJ 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/13/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EWJ
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EWJ
7.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. EWJ's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EWJ in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EWJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| EWJ (50 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EWJ | 50.0 | 1.6 | 51.6 |
| Peer Avg. | 45.7 | 24.1 | 69.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .