---
ticker: "HEWJ"
name: "iShares Currency Hedged MSCI Japan ETF"
url: "https://etf.net/etf/HEWJ"
grade: "C"
score: 42
graded_at: "2026-10-12"
category: "Japan"
category_rank: "15 of 18"
methodology: "https://etf.net/methodology"
---

# HEWJ: iShares Currency Hedged MSCI Japan ETF

Grade **C**, Score 42 of 100. Rank 15 of 18 in Japan.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 6 | 17 of 18 |
| Mission | Not scored | — |
| Risk | 56 | 8 of 18 |
| Tradability | 84 | 3 of 18 |
| Holdings | 50 | 12 of 18 |
| Durability | 78 | 3 of 18 |

## Top holdings

The fund holds 171 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 8306.T | Mitsubishi Ufj Financial Group | 4.31% |
| 2 | 6857.T | Advantest | 3.55% |
| 3 | 8035.T | Tokyo Electron | 3.23% |
| 4 | 7203.T | Toyota Motor | 3.22% |
| 5 | 6501.T | Hitachi | 2.92% |
| 6 | 8316.T | Sumitomo Mitsui Financial Group | 2.76% |
| 7 | 6098.T | Recruit Holdings Ltd | 2.74% |
| 8 | 6758.T | Sony Group | 2.59% |
| 9 | 9984.T | Softbank Group Corp | 2.51% |
| 10 | 285A.T | Kioxia Holdings | 2.35% |
| 11 | 8411.T | Mizuho Financial Group | 2.22% |
| 12 | 6861.T | Keyence | 1.77% |
| 13 | 8766.T | Tokio Marine Holdings | 1.65% |
| 14 | 8058.T | Mitsubishi | 1.64% |
| 15 | 9983.T | Fast Retailing | 1.53% |
| 16 | 6981.T | Murata Manufacturing | 1.51% |
| 17 | 8001.T | Itochu | 1.40% |
| 18 | 7011.T | Mitsubishi Heavy Industries | 1.37% |
| 19 | 8031.T | Mitsui | 1.32% |
| 20 | 6752.T | Panasonic Holdings | 1.21% |
| 21 | 4063.T | Shin Etsu Chemical | 1.16% |
| 22 | 6503.T | Mitsubishi Electric | 1.14% |
| 23 | 4502.T | Takeda Pharmaceutical | 1.09% |
| 24 | 7974.T | Nintendo | 1.04% |
| 25 | 9433.T | Kddi | 0.98% |
| 26 | 7741.T | Hoya | 0.98% |
| 27 | 5803.T | Fujikura | 0.95% |
| 28 | — | Jpy/Usd | 0.95% |
| 29 | 2914.T | Japan Tobacco | 0.93% |
| 30 | 6702.T | Fujitsu | 0.84% |

Source: etf.net, https://etf.net/etf/HEWJ. Please cite the page URL.