What is the expense ratio of EWJ vs INDA?

EWJ has an expense ratio of 0.49%, while INDA has an expense ratio of 0.61%.

EWJ vs INDA

iShares MSCI Japan ETF vs iShares MSCI India ETF

Last updated: 2026-04-10

EWJ iShares

iShares MSCI Japan ETF (EWJ) is an exchange-traded fund issued by iShares that provides exposure to japan equity securities. It charges an above-average expense ratio of 0.49%. The fund offers a high dividend yield of 4.14%. Launched in 1996, the fund has a 30-year track record.

AUM: $19.7B ER: 0.49% Yield: 4.14% Since: Mar 12, 1996

INDA iShares

iShares MSCI India ETF (INDA) is an exchange-traded fund issued by iShares that provides exposure to india equity securities. It charges a high expense ratio of 0.61%. Launched in 2012, the fund has a 14-year track record.

AUM: $6.7B ER: 0.61% Yield: N/A Since: Feb 2, 2012

Quick Verdict

EWJ is significantly cheaper at 0.49% vs 0.61% expense ratio, saving you approximately $229 per $10,000 invested over 10 years. Over the past year, EWJ has significantly outperformed with a 37.0% return vs -2.4%.

Key Metrics

Metric	EWJ	INDA
Expense Ratio	0.49%	0.61%
Dividend Yield	4.1%	N/A
Fund Family	iShares	iShares
Category	Japan Equity	India Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

EWJ +27.1%

INDA +22.8%

Performance Comparison

Period	EWJ	INDA	Difference
1 Month	+2.66%	+0.11%	+2.55%
3 Months	+3.19%	-7.63%	+10.82%
6 Months	+11.00%	-6.88%	+17.88%
YTD	+8.21%	-9.59%	+17.80%
1 Year	+37.04%	-2.37%	+39.41%
3 Years	+52.06%	+23.10%	+28.96%
5 Years	+27.11%	+22.82%	+4.29%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	EWJ Fees	INDA Fees	You Save
$10,000	10 years	$960	$1,189	$229
$10,000	20 years	$4,052	$4,992	$940
$10,000	30 years	$12,832	$15,725	$2,893
$50,000	10 years	$4,799	$5,944	$1,146
$50,000	30 years	$64,162	$78,625	$14,464
$100,000	30 years	$128,324	$157,251	$28,927

Risk Metrics

Based on 5 years of daily returns

Metric	EWJ	INDA
Annualized Volatility	18.4%	15.8%
Max Drawdown	-34.6%	-25.1%
Sharpe Ratio	0.11	0.06

Dividend Comparison

Metric	EWJ	INDA
Annual Dividend (per share)	$3.65	$0.00
Dividend Yield	4.15%	0.00%
Distribution Frequency	Semi-Annual or Annual	None

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

EWJ Top Holdings

Name	Weight
Mitsubishi UFJ Financial Group, Inc.!tyo/8306	4.13%
Toyota Motor Corporation!tyo/7203	4.07%
Hitachi, Ltd.!tyo/6501	2.86%
Sony Group Corporation!tyo/6758	2.65%
Sumitomo Mitsui Financial Group, Inc.!tyo/8316	2.62%
Advantest Corporation!tyo/6857	2.45%
Tokyo Electron Limited!tyo/8035	2.41%
Mitsubishi Corporation!tyo/8058	2.23%
Mizuho Financial Group, Inc.!tyo/8411	2.20%
Mitsui & Co., Ltd.!tyo/8031	2.00%

INDA Top Holdings

Name	Weight
BLK CSH FND TREASURY SL AGENCYXTSLA	8.45%
HDFC Bank Limited!nse/HDFCBANK	7.38%
Reliance Industries Limited!nse/RELIANCE	6.35%
ICICI Bank Limited!nse/ICICIBANK	5.50%
Bharti Airtel Limited!nse/BHARTIARTL	3.70%
Infosys Limited!nse/INFY	3.38%
INR CASHINR	2.91%
Axis Bank Limited!nse/AXISBANK	2.43%
Mahindra & Mahindra Limited!nse/M&M	2.32%
Larsen & Toubro Limited!nse/LT	2.09%

Which One Should You Choose?

Choose EWJ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose EWJ if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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