ATLASiShares Currency Hedged MSCI Japan ETF (HEWJ): outlook, holdings and fees
iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.52% and the yield is 3.50%. The ten largest holdings are 30% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HEWJ
| Last price | $62.77 (+0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $61.21 – $64.96 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 3.50% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HEWJ fund facts
| Issuer | iShares |
|---|---|
| Theme | Japan |
| Assets under management | $654M |
| Expense ratio | 0.52% |
| Number of holdings | 167 |
| Portfolio turnover | 29% |
| Inception | Jan 31, 2014 |
| Exchange | NYSE |
The fund generally will invest at least 80% of its assets in the component securities and other instruments of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market with the currency risk inherent in the securities included in the underlying index hedged to the U.S. dollar on a monthly basis.
HEWJ top holdings
| Holding | Sector | Weight |
|---|---|---|
| Mitsubishi UFJ Financial Group Inc 8306 | Financial Services | 4.41% |
| Advantest Corp. 6857 | Technology | 3.45% |
| Tokyo Electron Limited 8035 | Technology | 3.38% |
| Toyota Motor Corp 7203 | Consumer Cyclical | 3.38% |
| Hitachi Ltd 6501 | Industrials | 2.81% |
| Sumitomo Mitsui Financial 8316 | Financial Services | 2.88% |
| Recruit Holdings Co Ltd 6098 | Communication Services | 2.74% |
| Sony Corp 6758 | Technology | 2.51% |
| Softbank Group Corp. 9984 | Communication Services | 2.44% |
| Kioxia Holdings Corporation 285A | Technology | 2.31% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HEWJ sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 22.5% |
| Technology | 22.2% |
| Financial Services | 20.1% |
| Consumer Cyclicals | 11.2% |
| Communication Services | 9.2% |
| Healthcare | 5.2% |
| Consumer Defensive | 3.3% |
| Basic Materials | 2.7% |
| Real Estate | 1.7% |
| Utilities | 1.0% |
| Energy | 1.0% |
By region: Japan 100.0%.
HEWJ returns and risk
| Year to date | +25.4% |
|---|---|
| 1 year | +37.7% |
| 3 years (annualised) | +29.0% |
| 5 years (annualised) | +22.7% |
| 10 years (annualised) | +16.5% |
| Volatility (3 years) | 12.3% |
| Sharpe ratio (3 years) | 1.76 |
Past returns do not guarantee future results.
HEWJ: frequently asked questions
What does HEWJ invest in?
iShares Currency Hedged MSCI Japan ETF invests in a portfolio of securities. Its largest holdings are Mitsubishi UFJ Financial Group Inc (4.4%), Advantest Corp. (3.5%), Tokyo Electron Limited (3.4%), Toyota Motor Corp (3.4%), Hitachi Ltd (2.8%).
What is the HEWJ expense ratio?
0.52% a year: about $52.00 for every $10,000 invested.
What is the HEWJ dividend yield?
3.50%. ATLAS does not hold the exact distribution dates for ETFs.
Will HEWJ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $61.21 to $64.96 from $62.77 today. It is a probability, not a prediction.
How has HEWJ performed?
Year to date +25.4%, one year +37.7%, three years +29.0% a year, five years +22.7% a year. Past returns do not guarantee future results.
Similar ETFs: Japan
- iShares MSCI Japan ETF (EWJ)
- JPMorgan BetaBuilders Japan ETF (BBJP)
- WisdomTree Japan Hedged Equity Fund (DXJ)
- JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX)
- Franklin FTSE Japan ETF (FLJP)
- iShares MSCI All Country Asia ex Japan ETF (AAXJ)
- iShares MSCI Pacific ex Japan ETF (EPP)
- iShares MSCI Japan Value ETF (EWJV)
Educational information, not investment advice. Disclaimer