HEWJ holdings and overlap

Name: HEWJ holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

iShares Currency Hedged MSCI Japan ETF (HEWJ) holds 167 positions in its iShares file of 2026-10-27. Its three largest are Mitsubishi UFJ Financial Group (8306.JP) at 4.36%, Toyota Motor (7203.JP) at 3.56% and Hitachi (6501.JP) at 3.01%, and its ten largest make up 29.3% of the fund.

In its iShares file of 2026-10-27, HEWJ is 23.4% industrials, 17.6% financials and 16.8% technology by sector (no sector found for 3.3%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 98.4% of HEWJ is in Japan.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-29

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HEWJiShares Currency Hedged MSCI Japan ETFJapan, iShares, 167 positions

Last close, 2026-10-28

$64.01 +0.44%

52-week range 52 to 67

Largest position

8306.JP

4.36% of the ETF, Mitsubishi UFJ Financial Group

Positions

167

29.3% in the ten largest

Cost per year

0.49%

$49 a year on $10,000

Assets

$0.7B

under management

Return, 3 years

+98.4%

cumulative, total return

Worst fall

-16.2%

peak to trough, 3 years, weekly closes

What does HEWJ hold, as of its issuer file of 2026-10-27?

HEWJ spreads its weight across 167 positions, against a median of 173 across the 6 Japan funds with a page here. 55 of the 594 funds with a page hold 8306.JP, and HEWJ gives it more weight than all but 4 of them.

The 100 largest of the 167 positions in HEWJ's file; all 167 are in the fund's JSON file.
Rank	Company	Weight
1	8306.JP Mitsubishi UFJ Financial Group	4.36%
2	7203.JP Toyota Motor	3.56%
3	6501.JP Hitachi	3.01%
4	6098.JP Recruit Holdings Ltd	3.0%
5	6857.JP Advantest	3.0%
6	6758.JP Sony Group	2.87%
7	8316.JP Sumitomo Mitsui Financial Group	2.81%
8	8035.JP Tokyo Electron	2.53%
9	8411.JP Mizuho Financial Group	2.13%
10	9984.JP Softbank Group Corp	2.01%
11	8766.JP Tokio Marine Holdings	1.88%
12	8058.JP Mitsubishi	1.83%
13	6861.JP Keyence	1.8%
14	285A.JP Kioxia Holdings	1.76%
15	9983.JP Fast Retailing	1.63%
16	8001.JP Itochu	1.59%
17	8031.JP Mitsui	1.46%
18	7011.JP Mitsubishi Heavy Industries	1.37%
19	6981.JP Murata Manufacturing	1.25%
20	4502.JP Takeda Pharmaceutical	1.24%
21	4063.JP Shin Etsu Chemical	1.16%
22	7974.JP Nintendo	1.12%
23	6503.JP Mitsubishi Electric	1.09%
24	7741.JP Hoya	1.07%
25	6752.JP Panasonic Holdings	1.04%
26	9433.JP KDDI	1.0%
27	2914.JP Japan Tobacco	1.0%
28	6702.JP Fujitsu	0.92%
29	8053.JP Sumitomo	0.87%
30	8002.JP Marubeni	0.85%
31	9434.JP Softbank	0.82%
32	7267.JP Honda Motor	0.79%
33	6701.JP Nec	0.78%
34	8591.JP Orix	0.77%
35	8725.JP MS&AD Insurance Group Holdings	0.77%
36	8750.JP Daiichi Life Group	0.76%
37	5803.JP Fujikura	0.75%
38	6301.JP Komatsu	0.71%
39	8630.JP Sompo Holdings	0.71%
40	6954.JP Fanuc Corp	0.66%
41	7182.JP Japan Post Bank Ltd	0.66%
42	6367.JP Daikin Industries Ltd	0.65%
43	9432.JP NTT	0.63%
44	5802.JP Sumitomo Electric Industries	0.63%
45	4578.JP Otsuka Holdings	0.62%
46	6762.JP TDK	0.61%
47	6723.JP Renesas Electronics Corp	0.61%
48	8015.JP Toyota Tsusho	0.58%
49	8308.JP Resona Holdings	0.56%
50	4519.JP Chugai Pharmaceutical Ltd	0.54%
51	2802.JP Ajinomoto	0.53%
52	4568.JP Daiichi Sankyo Ltd	0.53%
53	4503.JP Astellas Pharma	0.53%
54	5108.JP Bridgestone	0.52%
55	6146.JP Disco Corp	0.52%
56	8604.JP Nomura Holdings	0.51%
57	4062.JP Ibiden Ltd	0.51%
58	8309.JP Sumitomo Mitsui Trust Group	0.5%
59	6971.JP Kyocera	0.49%
60	8802.JP Mitsubishi Estate Co Ltd	0.49%
61	8801.JP Mitsui Fudosan	0.48%
62	7751.JP Canon	0.48%
63	3382.JP Seven & I Holdings	0.47%
64	4901.JP Fujifilm Holdings	0.46%
65	5020.JP Eneos Holdings	0.46%
66	6178.JP Japan Post Holdings Ltd	0.45%
67	1605.JP Inpex	0.43%
68	4661.JP Oriental Land	0.42%
69	9020.JP East Japan Railway	0.42%
70	4452.JP Kao	0.41%
71	6273.JP SMC (Japan) Corp	0.41%
72	7269.JP Suzuki Motor	0.39%
73	5401.JP Nippon Steel	0.39%
74	4543.JP Terumo	0.39%
75	7832.JP Bandai Namco Holdings Inc	0.38%
76	7936.JP Asics	0.37%
77	6920.JP Lasertec	0.37%
78	6902.JP Denso	0.36%
79	9022.JP Central Japan Railway	0.35%
80	9101.JP Nippon Yusen	0.33%
81	9735.JP Secom	0.33%
82	9503.JP Kansai Electric Power	0.32%
83	1925.JP Daiwa House Industry	0.31%
84	8267.JP Aeon	0.31%
85	9104.JP Mitsui Osk Lines Ltd	0.3%
86	7453.JP Ryohin Keikaku	0.3%
87	6326.JP Kubota	0.29%
88	9766.JP Konami Group	0.29%
89	6988.JP Nitto Denko	0.29%
90	2502.JP Asahi Group Holdings	0.29%
91	7013.JP Ihi	0.28%
92	4004.JP Resonac Holdings	0.28%
93	4507.JP Shionogi	0.28%
94	2503.JP Kirin Holdings	0.28%
95	4307.JP Nomura Research Institute	0.28%
96	8601.JP Daiwa Securities Group Inc	0.26%
97	8795.JP T&D Holdings	0.26%
98	8697.JP Japan Exchange Group	0.25%
99	1928.JP Sekisui House	0.25%
100	5713.JP Sumitomo Metal Mining	0.24%

The most recent file iShares has published for HEWJ is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 167 positions HEWJ holds, with its weight, is in the fund's JSON file. See the other 54 ETFs with a page here that hold 8306.JP, and how their weights compare with the 4.36% HEWJ gives it.

Category: Japan, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Japan. How categories are set.

Use this data

JSONhttps://tickerinside.com/api/v1/fund/hewj.json

CSVhttps://tickerinside.com/api/v1/fund/hewj.csv

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API reference · spreadsheet guide Add TickerInside to Claude to ask about HEWJ with this data

How is HEWJ split by sector and country?

Sector	Weight	Weight bar
Industrials	23.4%
Financials	17.6%
Technology	16.8%
Consumer discretionary	14.4%
Communication services	6.1%
Health care	5.6%
Consumer staples	3.7%
Materials	3.4%
Real estate	1.8%
Energy	1.0%
Utilities	1.0%
No sector found	3.3%

Country	Weight	Weight bar
Japan	98.4%

From its iShares file of 2026-10-27. How these are measured.

What did HEWJ hold in its SEC reports since 2019?

HEWJ's largest position in its SEC filings has been EWJ since 2019-11-30: 99.24% then and 101.93% in its report for 2025-08-31, across 23 quarterly reports.

Largest in 2019

EWJ

99.24% on 2019-11-30

Largest in 2025

EWJ

101.93% on 2025-08-31

Ten largest

101.9%

99.2% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2025

Report	Positions	Largest	Top 10
2019-11-30	1	EWJ 99.24%	99.2%
2020-11-30	1	EWJ 100.06%	100.1%
2021-11-30	1	EWJ 100.84%	100.8%
2022-08-31	1	EWJ 95.78%	95.8%
2023-11-30	1	EWJ 101.42%	101.4%
2024-11-30	1	EWJ 101.40%	101.4%
2025-08-31	1	EWJ 101.93%	101.9%

The first report, then the last of each year, of the 23 reports HEWJ filed on SEC Form N-PORT from 2019-11-30 to 2025-08-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/hewj/{date}.json. How these are read.

What does HEWJ duplicate?

The ETF nearest to HEWJ is EWJ: the two hold 98.4% of their weight in common, in the 167 companies both own, and 100.0% of HEWJ itself is also held there. Owning HEWJ alongside the ETFs at the top of this table means holding mostly the same companies twice. HEWJ is close to contained in EWJ.

ETF	Overlap by weight	Of HEWJ held there	Of that ETF in HEWJ	Companies in both
EWJ	98.4%	100.0%	100.0%	167
BBJP	93.2%	99.4%	99.0%	164
JPXN	74.8%	91.3%	85.0%	145
EWJV	55.9%	58.5%	100.0%	108
IPAC	55.6%	100.0%	56.1%	167
VPL	42.7%	100.0%	42.9%	167
DMXF	30.0%	62.3%	30.2%	113
IVLU	29.8%	55.9%	31.1%	102
VIGI	26.7%	29.3%	27.9%	37
EFAX	24.1%	91.6%	24.2%	156
EFA	24.1%	100.0%	24.2%	167
EFG	24.1%	57.1%	24.2%	84

The holdings of BBJP, VPL and VIGI are from their SEC Form N-PORT filings for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check HEWJ against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to HEWJ?

IYR shares 0% of weight with HEWJ and its weekly returns correlate with it at 0.21 over three years. The table lists the covered ETFs with the least in common with HEWJ, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y
IYR	iShares U.S. Real Estate ETF	0.0%	0.21
USRT	iShares Core U.S. REIT ETF	0.0%	0.27
USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.42
IJR	iShares Core S&P Small-Cap ETF	0.0%	0.51
SMMD	iShares Russell 2500 ETF	0.0%	0.58
IJH	iShares Core S&P Mid-Cap ETF	0.0%	0.60
SOXX	iShares Semiconductor ETF	0.0%	0.61
VLUE	iShares MSCI USA Value Factor ETF	0.0%	0.62

Cost, returns and risk

Expense ratio	0.49%
Dividend yield	3.54%
Total return, 1 year	25.5%
Total return, 3 years cumulative	98.4%
Total return, 5 years cumulative	153.3%
Volatility, annualised	20.0%
Worst fall, 3 years	-16.2%
Beta against SPY, 3 years of weekly returns	0.95
Weight in the ten largest positions	29.3%
Largest single position	4.4%
Assets under management	$0.7B

Expense ratio, yield and assets are reference data (the expense ratio from HEWJ's SEC filing of 2025-12-19); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.66loosely linked	183
QQQ	0.64loosely linked	246

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	22.1%
2025	30.2%
2024	24.8%
2023	36.2%
2022	-4.4%

One year

HEWJ 126 SPY 116

2025-11-072026-10-30

HEWJ rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

JPXN, iShares JPX-Nikkei 400 ETF
SCJ, iShares MSCI Japan Small-Cap ETF
BBJP, JPMorgan BetaBuilders Japan ETF
EWJ, iShares MSCI Japan ETF
Run a portfolio x-ray to see what HEWJ carries once you look through it
Compare HEWJ against any other ETF in the builder

Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, iShares Currency Hedged MSCI Japan ETF (HEWJ), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/hewj/, CC BY 4.0

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