EJH vs EWJ: Correlation
Measured on weekly returns over the past three years, E-Home Household Service Holdings Limited (EJH) and iShares MSCI Japan ETF (EWJ) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EJH and EWJ?
Over the past 3 years, EJH and EWJ moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.09 lands near the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -571.7 %².
Within EJH's tracked universe of 38 assets, EWJ comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EWJ outperformed by 123.1 percentage points (-96.0% for EJH against +27.1% for EWJ). Risk is not evenly split, since EJH carries 8.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EJH vs EWJ: side by side
| EJH (E-Home Household Service Holdings Limited) | EWJ (iShares MSCI Japan ETF) | |
|---|---|---|
| 1-year return | -96.0% | +27.1% |
| 5-year return | -100.0% | +58.6% |
| Volatility (ann.) | 167.4% | 19.6% |
| Beta vs S&P 500 | -1.07 | 0.94 |
| Max drawdown (3Y) | -100.0% | -14.7% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 3.86% |
| Expense ratio | – | 0.49% |
| Assets under management | – | $21.8B |
| Sector / category | US Listed | ETF · International |
EWJ, iShares's Japan Stock fund, carries $21.8B under management, 168 holdings, a 0.49% expense ratio, a 3.86% trailing dividend yield.
Year-by-year returns
| Year | EJH | EWJ |
|---|---|---|
| 2022 | -98.5% | -17.7% |
| 2023 | -90.7% | +20.3% |
| 2024 | -99.7% | +7.0% |
| 2025 | -97.6% | +25.8% |
| 2026 | -93.1% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EJH and EWJ good diversifiers for each other?
Yes. With a correlation of -0.17, EJH and EWJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EJH and EWJ?
The EJH/EWJ correlation stands at -0.17 on a 3-year window (1 year: -0.09, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is EWJ a good diversifier for EJH?
Yes. With a correlation of -0.17, EJH and EWJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ejh-vs-ewj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ejh-vs-ewj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EJH correlations · EWJ correlations
