Equity: Japan - Total Market

HJPX Top Performer Intra-day
Price $27.68
Today’s Change 0.07%
4:00pm 08/05/2020
EWJE Bottom Performer Intra-day
Price $32.66
Today’s Change -1.21%
11:52am 08/06/2020

ETF.com Insight

With 17 ETFs and over $17.56B in combined AUM, the Equity: Japan - Total Market segment provides exposure to the Japan space with a focus on Total Market securities.

Year-to-date, the best-performing ETF in the segment is the Xtrackers Japan JPX-Nikkei 400 Equity ETF (JPN), with a total return of -3.05%. Meanwhile, the most popular ETF is the iShares MSCI Japan ETF (EWJ) with $9.93BB in assets under management.

Investors should take a look at the iShares MSCI Japan ETF (EWJ). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. EWJ tracks a market-cap-weighted index of Japanese stocks. The fund covers roughly 85% of the investable universe of securities traded in Japan. EWJ has an expense ratio of 0.49% and tracks the MSCI Japan Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Equity: Japan - Total Market segment is 77 out of 100, with the Franklin FTSE Japan ETF(FLJP) obtaining the highest rating of 96 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.33% per year, with the Xtrackers Japan JPX-Nikkei 400 Equity ETF (JPN) having the lowest expense ratio, charging investors 0.09% yearly.

Investors should look for funds with tight tracking, such as the Franklin FTSE Japan ETF (FLJP), with a 12-month median tracking difference of 0.10%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Equity: Japan - Total Market segment is 57 out of 100, with the iShares Currency Hedged MSCI Japan ETF(HEWJ) obtaining the highest rating of 92 out of 100.

The iShares MSCI Japan ETF (EWJ) is the undisputed segment leader when it comes to liquidity. The fund trades 339.76M in daily average volume. Investors should also find ample liquidity in the JPMorgan BetaBuilders Japan ETF (BBJP), with $56.68M in daily dollar volume.

Use limit orders to trade funds such as the First Trust Japan AlphaDEX Fund(FJP), due to their double-digit market spreads.

ETF.com/ Block Liquidity

EWJ
5
4
3
2
1
DXJ
5
4
3
2
1
BBJP
5
4
3
2
1
DBJP
5
4
3
2
1
FLJP
5
4
3
2
1
HEWJ
5
4
3
2
1
JPMV
5
4
3
2
1
JPXN
5
4
3
2
1
ZJPN
5
4
3
2
1
GSJY
5
4
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2
1
FLJH
5
4
3
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1
EWJE
5
4
3
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1
HFXJ
5
4
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1
SCIJ
5
4
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1
JPN
5
4
3
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1
FJP
5
4
3
2
1
HJPX
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The MSCI Japan IMI has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to EWJ. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, HJPX follows a Currency Hedged Fundamental strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology