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: 2026-04-02

iShares MSCI Japan ETF (EWJ) is an exchange-traded fund 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 4.22%. Launched in 1996, the fund has a 30-year track record.

AUM: $18.0B ER: 0.49% Yield: 4.22% Since: Mar 12, 1996

INDA

iShares MSCI India ETF (INDA) is an exchange-traded fund 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: $7.0B 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 26.8% return vs -8.5%.

Key Metrics

Metric	EWJ	INDA
Expense Ratio	0.49%	0.61%
Dividend Yield	4.2%	N/A
Fund Family	N/A	N/A
Category	Japan Equity	India Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

EWJ +23.6%

INDA +11.3%

Performance Comparison

Period	EWJ	INDA	Difference
1 Month	-4.12%	-8.32%	+4.20%
3 Months	+6.33%	-14.39%	+20.72%
6 Months	+5.75%	-10.94%	+16.69%
YTD	+6.33%	-14.39%	+20.72%
1 Year	+26.80%	-8.50%	+35.30%
3 Years	+46.68%	+18.28%	+28.40%
5 Years	+23.58%	+11.35%	+12.23%

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	18.3%	15.7%
Max Drawdown	-34.6%	-25.1%
Sharpe Ratio	0.08	-0.07

Dividend Comparison

Metric	EWJ	INDA
Annual Dividend (per share)	$3.65	$0.00
Dividend Yield	4.22%	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
Toyota Motor Corporation!tyo/7203	4.27%
Mitsubishi UFJ Financial Group, Inc.!tyo/8306	4.05%
Hitachi, Ltd.!tyo/6501	2.86%
Sony Group Corporation!tyo/6758	2.61%
Sumitomo Mitsui Financial Group, Inc.!tyo/8316	2.54%
Mitsubishi Corporation!tyo/8058	2.46%
Tokyo Electron Limited!tyo/8035	2.33%
Advantest Corporation!tyo/6857	2.23%
Mitsui & Co., Ltd.!tyo/8031	2.14%
Mizuho Financial Group, Inc.!tyo/8411	2.10%

INDA Top Holdings

Name	Weight
HDFC Bank Limited!nse/HDFCBANK	6.97%
Reliance Industries Limited!nse/RELIANCE	6.59%
ICICI Bank Limited!nse/ICICIBANK	5.29%
Bharti Airtel Limited!nse/BHARTIARTL	3.80%
Infosys Limited!nse/INFY	3.31%
BLK CSH FND TREASURY SL AGENCYXTSLA	2.38%
Mahindra & Mahindra Limited!nse/M&M	2.28%
Axis Bank Limited!nse/AXISBANK	2.24%
Larsen & Toubro Limited!nse/LT	1.93%
Bajaj Finance Limited!nse/BAJFINANCE	1.90%

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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