PairBook
Home › ETFs › EWJ

EWJ correlations (iShares MSCI Japan ETF)

EWJ measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · International

Volatility (ann.)
19.6%
3y weekly
Beta vs S&P 500
0.94
3y weekly
1-year return
+27.1%
price, adjusted
5-year return
+58.6%
price, adjusted
Expense ratio
0.49%
annual
Assets
$21.8B
under management
Dividend yield
3.86%
trailing
Max drawdown
-14.7%
3y, daily closes
-1%0%+29%2025-09-052026-08-27
EWJ over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with EWJ

AssetCorrelation (3Y)
VEAVanguard FTSE Developed Markets ETF0.88
IEFAiShares Core MSCI EAFE ETF0.87
EFAiShares MSCI EAFE ETF0.87
JOFJapan Smaller Capitalization Fund Inc0.83
VTVanguard Total World Stock ETF0.80
ACWIiShares MSCI ACWI ETF0.80
ETOEaton Vance Tax-Advantage Global Dividend Opp0.74
IEMGiShares Core MSCI Emerging Markets ETF0.72
CHWCalamos Global Dynamic Income Fund - Closed End Fund0.72
ETGEaton Vance Tax-Advantaged Global Dividend Income Fund0.72
EXGEaton Vance Tax-Managed Global Diversified Equity Income0.71
EEMiShares MSCI Emerging Markets ETF0.71
VWOVanguard FTSE Emerging Markets ETF0.71
BGYBlackrock Enhanced International Dividend Trust0.71
MFGMizuho Financial Group, Inc. Sponosred ADR (Japan)0.71

Best diversifiers for EWJ

These are the assets whose returns had the least to do with EWJ's, historically the most independent picks in our universe.

AssetCorrelation (3Y)
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.66
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.58
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.55
USOUnited States Oil Fund-0.25
MOBXMobix Labs, Inc.-0.22
CFCF Industries-0.19
EJHE-Home Household Service Holdings Limited-0.17
MACIMelar Acquisition Corp. I - Class A-0.17
BATLBattalion Oil Corporation-0.17
WHLRWheeler Real Estate Investment Trust, Inc.-0.17

EWJ vs benchmarks

EWJ vs SPY 0.70 EWJ vs QQQ 0.65

EWJ vs its peers

EWJ vs VEA 0.88 EWJ vs IEFA 0.87 EWJ vs EFA 0.87 EWJ vs IEMG 0.72 EWJ vs EEM 0.71

Get EWJ data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/ewj.json

Correlations, diversifiers, beta and volatility for EWJ, plus one endpoint per pair. API documentation.

EWJ holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
EWJ vs EFAiShares MSCI EAFE ETF23.2%0.87
EWJ vs IEFAiShares Core MSCI EAFE ETF19.9%0.87
EWJ vs VEAVanguard FTSE Developed Markets ETF16.4%0.88
EWJ vs ACWIiShares MSCI ACWI ETF5.1%0.80
EWJ vs VTVanguard Total World Stock ETF4.7%0.80
EWJ vs VWOVanguard FTSE Emerging Markets ETF0.4%0.71
EWJ vs IEMGiShares Core MSCI Emerging Markets ETF0.3%0.72
EWJ vs EEMiShares MSCI Emerging Markets ETF0.2%0.71
EWJ vs ICLNiShares Global Clean Energy ETF0.2%0.47
EWJ vs DGROiShares Core Dividend Growth ETF0%0.65
EWJ vs DIASPDR Dow Jones Industrial Average ETF0%0.66
EWJ vs FXIiShares China Large-Cap ETF0%0.36
EWJ vs IBBiShares Biotechnology ETF0%0.50
EWJ vs IVViShares Core S&P 500 ETF0%0.70
EWJ vs IWMiShares Russell 2000 ETF0%0.63
EWJ vs MDYSPDR S&P MidCap 400 ETF0%0.65
EWJ vs MTUMiShares MSCI USA Momentum Factor ETF0%0.66
EWJ vs QQQInvesco QQQ Trust0%0.65
EWJ vs QQQMInvesco Nasdaq 100 ETF0%0.65
EWJ vs QUALiShares MSCI USA Quality Factor ETF0%0.67
EWJ vs RSPInvesco S&P 500 Equal Weight ETF0%0.66
EWJ vs SCHDSchwab US Dividend Equity ETF0%0.49
EWJ vs SOXXiShares Semiconductor ETF0%0.61
EWJ vs SPYSPDR S&P 500 ETF Trust0%0.70
EWJ vs SPYGSPDR Portfolio S&P 500 Growth ETF0%0.63
EWJ vs SPYVSPDR Portfolio S&P 500 Value ETF0%0.64
EWJ vs USMViShares MSCI USA Min Vol Factor ETF0%0.56
EWJ vs VIGVanguard Dividend Appreciation ETF0%0.67
EWJ vs VNQVanguard Real Estate ETF0%0.44
EWJ vs VOOVanguard S&P 500 ETF0%0.69
EWJ vs VTIVanguard Total Stock Market ETF0%0.70
EWJ vs VTVVanguard Value ETF0%0.67
EWJ vs VUGVanguard Growth ETF0%0.61
EWJ vs VYMVanguard High Dividend Yield ETF0%0.66
EWJ vs XLBMaterials Select Sector SPDR Fund0%0.60
EWJ vs XLCCommunication Services Select Sector SPDR Fund0%0.55
EWJ vs XLEEnergy Select Sector SPDR Fund0%0.12
EWJ vs XLFFinancial Select Sector SPDR Fund0%0.50
EWJ vs XLIIndustrial Select Sector SPDR Fund0%0.66
EWJ vs XLKTechnology Select Sector SPDR Fund0%0.61
EWJ vs XLPConsumer Staples Select Sector SPDR Fund0%0.37
EWJ vs XLREReal Estate Select Sector SPDR Fund0%0.43
EWJ vs XLUUtilities Select Sector SPDR Fund0%0.30
EWJ vs XLVHealth Care Select Sector SPDR Fund0%0.38
EWJ vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.57