HEWJ Performance — iShares Currency Hedged MSCI Japan ETF
Data updated: 2026-07-27
HEWJ returned +18.66% year to date and +50.28% over one year to May 2026. Annualised returns are +30.53% over 3 years and +21.39% over 5 years. The fund beat its Alternative category average: $100 invested three years ago grew to $222, against $176 for the category, and to $150 over one year, against $113. Volatility over the past three years was 12.30% a year. In the 12 months to May 2026 the fund took in a net $201.3M, and assets reached $734.11M.
HEWJ Growth of $100
What $100 invested in iShares Currency Hedged MSCI Japan ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | HEWJ | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $150 | $113 |
| 3 years (Jun 2023 – May 2026) | $222 | $176 |
| 5 years (Jun 2021 – May 2026) | $264 | $161 |
| Since data start (Sep 2019 – May 2026) | $359 | $192 |
HEWJ Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.66% |
| 1 year | +50.28% |
| 3 years (annualised) | +30.53% |
| 5 years (annualised) | +21.39% |
HEWJ Annual Returns
Calendar-year total returns of iShares Currency Hedged MSCI Japan ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +18.66% |
| 2025 | +30.06% |
| 2024 | +24.86% |
| 2023 | +36.20% |
| 2022 | −3.91% |
| 2021 | +12.79% |
| 2020 | +10.19% |
| 2019 (Sep–Dec) | +14.51% |
HEWJ Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.2% | +8.9% | −6.7% | +4.5% | +6.2% | — | — | — | — | — | — | — |
| 2025 | +0.8% | −2.5% | +0.1% | −0.4% | +4.8% | +2.4% | +3.1% | +4.1% | +3.4% | +8.5% | +1.1% | +1.7% |
| 2024 | +7.8% | +6.7% | +4.6% | −1.2% | +2.7% | +2.3% | −2.8% | −0.6% | −1.9% | +0.9% | +1.2% | +3.2% |
| 2023 | +7.4% | +0.1% | +2.8% | +3.2% | +3.5% | +9.1% | +1.5% | −0.1% | +0.9% | −0.3% | +4.5% | −0.7% |
| 2022 | −4.2% | −1.9% | +3.6% | −1.7% | +1.0% | −2.1% | +4.7% | −0.4% | −4.5% | +5.2% | +4.3% | −7.1% |
| 2021 | +0.6% | +3.6% | +4.3% | −2.9% | +2.2% | +0.4% | −1.9% | +2.2% | +3.9% | −0.2% | −3.8% | +4.2% |
| 2020 | −2.7% | −8.7% | −7.1% | +4.9% | +7.5% | +0.1% | −3.0% | +6.9% | +1.4% | −2.1% | +10.3% | +4.3% |
| 2019 | — | — | — | — | — | — | — | — | +7.2% | +3.5% | +2.8% | +0.4% |
HEWJ Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.30%
- 3-year Sharpe ratio: 2.12 (vs 4.5% risk-free rate)
- Best month: +9.09% (Jun 2023)
- Worst month: −6.73% (Mar 2026)
HEWJ Fund Flows
Monthly money in and out of iShares Currency Hedged MSCI Japan ETF, from SEC Form N-PORT.
- 12-month net flow: $201.3M
- 12-month gross sales (incl. reinvestments): $457.7M
- Sales ÷ redemptions: 1.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $24.5M | −$24.5M |
| Apr 2026 | $29.6M | $46.8M | −$17.2M |
| Mar 2026 | $203.1M | $78.1M | $125.0M |
| Feb 2026 | $110.6M | $56.4M | $54.2M |
| Jan 2026 | $11.0M | $5.4M | $5.7M |
| Dec 2025 | $8.1M | $13.4M | −$5.4M |
| Nov 2025 | $13.3M | $1 | $13.3M |
| Oct 2025 | $71.0M | $0 | $71.0M |
| Sep 2025 | $0 | $7.4M | −$7.4M |
| Aug 2025 | $0 | $2.4M | −$2.4M |
| Jul 2025 | $2.3M | $8.9M | −$6.6M |
| Jun 2025 | $8.8M | $13.1M | −$4.3M |
HEWJ Assets Under Management
Net assets of iShares Currency Hedged MSCI Japan ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $734.11M |
| 2026-02-28 | $627.32M |
| 2025-11-30 | $513.20M |
| 2025-08-31 | $381.01M |
| 2025-05-31 | $363.39M |
| 2025-02-28 | $328.93M |
| 2024-11-30 | $350.43M |
| 2024-08-31 | $408.46M |
| 2024-05-31 | $377.41M |
| 2024-02-29 | $303.31M |
| 2023-11-30 | $228.27M |
| 2023-08-31 | $215.50M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.