HEWJ ETF Analysis: Currency Hedged Japan | NYSE
Japan Stock | NYSE, USA | Market Cap: 650m USD | 12M Return: 37.3% | US46434V8862 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.18M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund that invests at least 80% of its assets in securities comprising its underlying index, along with instruments that have substantially identical economic characteristics. The underlying index tracks the performance of large- and mid-capitalization segments of the Japanese equity market, with the added feature of hedging the yen currency exposure to the U.S. dollar on a monthly basis. This currency hedging mechanism is designed to neutralize fluctuations in the yen/U.S. dollar exchange rate, allowing investors to gain exposure to Japanese equities without taking on direct foreign exchange risk.
HEWJ is part of the Japan stock ETF category and was launched on January 31, 2014, as a currency-hedged alternative to traditional Japan equity ETFs. By offering monthly yen-to-dollar hedging, the fund caters to investors seeking to isolate Japanese equity market returns from currency movements, a common concern for U.S.-based investors holding international assets.
- BOJ policy tightening raises yen hedging costs for ETF
- Japanese large-cap earnings beat estimates lift index returns
- Yen weakness against dollar amplifies hedging drag on returns
As of September 27, 2026, the stock is trading at USD 65.48 with a total of 22,002 shares traded. Over the past week, the price has changed by +1.22%, over one month by +1.33%, over three months by +2.42% and over the past year by +37.32%.
Current recommended Stop Loss: 63.70 (which is 2.7% or 2.3 ATR below the current price).
Currency Hedged Japan has no consensus analysts rating.