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
$ 702.0 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Jan 31, 2014 |
| Regulation | Open-Ended Fund |
| 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 | 4.5 % |
| TOKYO ELECTRON LTD | 4.0 % |
| TOYOTA MOTOR CORP | 3.2 % |
| SUMITOMO MITSUI FINANCIAL GR | 3.0 % |
| SOFTBANK GROUP CORP. | 2.9 % |
| ADVANTEST CORP | 2.6 % |
| HITACHI LTD | 2.5 % |
| MIZUHO FINANCIAL GROUP INC | 2.4 % |
| SONY CORP | 2.4 % |
| RECRUIT HOLDINGS CO LTD | 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. | 97.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 97.4 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.4% | 44.1% | 21.6% | 24.2% | 10.7% | 10.7% | -- | 8.7% |
| Dividend Yield | 0.0% | 7.7% | 4.6% | 4.0% | 11.3% | 6.5% | -- | 5.6% |
| Total Returns | 22.4% | 51.7% | 26.2% | 28.2% | 22.0% | 17.2% | -- | 14.3% | Ann. Volatility | 22.1% | 19.9% | 23.2% | 20.6% | 19.3% | 19.5% | -- | 20.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 46% |
| MSCI EAFE | 0.95 | 56% |
| MSCI Emg Mkts | 0.60 | 48% |
Liquidity Measures
| Avg. volume (000) | 65 |
| ADV traded (mns) | $4 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $63.23 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.62/0.70 |
| Bollinger Bands (Upper/Lower) | $65.93/$61.99 |
| 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 | 97.4% | 0 bp | +0.3% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 91.6% | -31 bp | +0.7% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 90.4% | -3 bp | -0.1% |
| FLJP | Franklin FTSE Japan ETF | 81.3% | -41 bp | +0.8% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 80.1% | -25 bp | +0.3% |
| FLJH | Franklin FTSE Japan Hedged ETF | 79.5% | -41 bp | +0.4% |
| JPXN | iShares JPX-Nikkei 400 ETF | 79.0% | -2 bp | +0.1% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 59.9% | -2 bp | +0.7% |
| EWJV | iShares MSCI Japan Value ETF | 56.5% | -35 bp | +2.4% |
| IPAC | iShares Core MSCI Pacific ETF | 54.4% | -41 bp | +0.2% |
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 7/19/2026
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
5.6%
ALTAR SCORE™
31st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 418 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.7%. HEWJ's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places HEWJ in the 31st percentile
among funds in the category.
Sell-Side Consensus
$66.88
PRICE TARGET
+7.7%
UPSIDE