iShares MSCI Japan ETF (EWJ) is a Japan-focused ETF. As of October 28, 2026, ETF Copilot scores EWJ 3.5 out of 10 — highest on Return (4.6), lowest on Value (1.3). It trades at 16.0 times earnings, against its own median of 15.1. Its ten largest holdings are 30% of the fund.
What stands out in EWJ's data
Japanese large- and mid-cap stocks, covering the country's biggest listed companies.
Earns about the same on its capital as other Japan funds — no profitability edge, so the story is breadth.
Return on equity of 12.9% sits in line with the peer median. Holdings 170 stocks, a broad sweep of Japan's large- and mid-cap names.
A broad Japan allocation that adds developed-market exposure outside the U.S.
Why did EWJ move this week? It fell 0.8% in the week to October 28, 2026 — Hitachi and Mitsubishi Heavy Industries drove it
EWJ fell 0.8% in the week to October 28, 2026. The holdings that moved it most were Hitachi (−3.6%), Mitsubishi Heavy Industries (−4.4%) and Mitsubishi UFJ Financial GRO (−1.4%); Kioxia (+6.3%) pushed the other way.
How is EWJ rated? ETF Copilot scores iShares MSCI Japan ETF (EWJ) 3.5 out of 10
As of October 28, 2026, ETF Copilot scores iShares MSCI Japan ETF (EWJ) 3.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.5 / 10
- Growth: 4.2 / 10
- Value: 1.3 / 10
- Risk: 4.2 / 10
- Quality: 2.1 / 10
- Return: 4.6 / 10
Is EWJ expensive right now? It trades at 16.0 times earnings, against its own median of 15.1
As of October 28, 2026, EWJ is more expensive than 72% of its own last 9 years.
Trailing 12 months, built from EWJ's holdings. How we calculate this →
What's inside EWJ? 23% Tech
What's inside EWJ: Size (Large 71%, Mid 29%, Small 0%); Geography (International 100%, US 0%); Tech 22.7%; AI 0.8%; Semiconductors 7.7%; Memory 5.9%.
What are EWJ's top holdings? The ten largest are 30% of the fund
Mitsubishi UFJ Financial, Toyota Motor, Recruit, Hitachi, Sony, Advantest, Sumitomo Mitsui Financial, Tokyo Electron, Mizuho Financial and Softbank are EWJ's largest holdings, in that order.
More concentrated than 68% of Japan ETFs.
Half of EWJ's weight sits in its 25 largest positions, and once those weights are taken into account it behaves like 68 equally weighted holdings.
What is EWJ's expense ratio? 0.49% a year
As of October 28, 2026, EWJ charges 0.49% a year, yields 3.74% and holds $23.6B in assets across 170 positions.
| Measure | EWJ |
|---|---|
| Expense ratio | 0.49% |
| Dividend yield | 3.74% |
| Assets under management | $23.6B |
| Holdings | 170 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares MSCI Japan ETF (EWJ) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/ewj
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