ETF Evaluator:
iShares MSCI Japan Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Japan Stock Over the Last Year
| 56.1% | WisdomTree Japan Opportunities ETF (OPPJ) |
| 48.3% | WisdomTree Japan Hedged Equity ETF (DXJ) |
| 44.1% | Xtrackers MSCI Japan Hedged Equity ETF (DBJP) |
| 43.6% | Franklin FTSE Japan Hedged ETF (FLJH) |
| 42.7% | iShares Currency Hedged MSCI Japan ETF (HEWJ) |
Risk
Index
Risk
Index
ETF Details
iShares MSCI Japan Value ETF Overview
iShares MSCI Japan Value ETF (EWJV) is a passively managed International Equity Japan Stock exchange-traded fund (ETF). iShares launched the ETF in 2019.
The investment seeks to track the investment results of the MSCI Japan Value Index (USD).
The index is a free float-weighted index consisting of large- and mid-capitalization Japanese equities exhibiting overall value style characteristics. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.
About iShares MSCI Japan Value ETF (EWJV)
There are 4 members of the management team with an average tenure of 2.85 years: Jennifer Hsui (2019), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI Japan Value NR USD index with a weighting of 100%. iShares MSCI Japan Value ETF has 114 securities in its portfolio. The top 10 holdings constitute 42.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI Japan Value ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI Japan Value ETF has 99.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares MSCI Japan Value ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $720 million in total assets, which is below the $2 billion average for the Japan Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EWJV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares MSCI Japan Value ETF expense ratio is low compared to funds in the Japan Stock category. iShares MSCI Japan Value ETF has an expense ratio of 0.15%, which is 70% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares MSCI Japan Value ETF has a portfolio turnover rate of 36%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Japan Stock category.
Recently, in the month of July 2026, iShares MSCI Japan Value ETF returned 5.3%, which earned it a grade of A, as the Japan Stock category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares MSCI Japan Value ETF has a trailing yield of 4.80%, which is above the 2.67% category average.
The fund normally distributes its income semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares MSCI Japan Value ETF Grades
Year to date, the ETF has returned 18.8%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 41.4% over the past year (grade of B), 23.0% over the past three years (grade of B) and 15.2% per year over the past five years (grade of B).
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EWJV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EWJV Return (NAV) | 5.3% | 8.0% | 41.4% | 23.0% | 15.2% | na |
| EWJV Return (Price) | 6.0% | 8.4% | 40.5% | 22.9% | 15.2% | na |
| NAV +/- Price Return | -0.716% | -0.453% | 0.971% | 0.053% | 0.036% | na |
| Japan Stock Avg | 0.3% | 4.6% | 33.2% | 21.7% | 15.1% | 11.8% |
| EWJV Grade (NAV) | A | A | B | B | B | na |
| +/- Category (NAV) | 5.1% | 3.3% | 8.3% | 1.3% | 0.1% | na |
| EWJV Tax-Cost Ratio | na | na | 1.8% | 1.3% | 1.1% | na |
EWJV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EWJV Return (NAV) | 18.8% | 33.6% | 11.8% | 23.1% | -5.7% | 6.2% | 0.9% | na | na | na | na |
| EWJV Return (Price) | 18.6% | 34.0% | 11.6% | 23.6% | -6.0% | 5.5% | 2.4% | na | na | na | na |
| NAV +/- Price Ret | -0.011% | 0.014% | -0.012% | 0.025% | 0.062% | -0.107% | 1.723% | na | na | na | na |
| Japan Stock Avg | 16.7% | 28.3% | 13.9% | 25.8% | -8.2% | 5.5% | 7.6% | 18.3% | -15.2% | 25.5% | 3.3% |
| EWJV Grade (NAV) | B | A | C | B | B | B | F | na | na | na | na |
| +/- Category | 2.1% | 5.2% | -2.1% | -2.8% | 2.5% | 0.6% | -6.7% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.66 |
| R-Squared: | 49% |
| Standard Deviation: | 12.9% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.06 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 4.8% |
| Total Assets: | $ 721 Mil |
| Share Class Assets: | $ 721 Mil |
| Turnover: | 36.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Hsui Jennifer (2019), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 114 |
| % in Top 10 Holdings: | 42.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | March 5, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.50% |
