EWJ vs SHV

Comparison between ISHARES MSCI JAPAN ETF (EWJ, ETF) and iShares 0-1 Year Treasury Bond ETF (SHV, ETF).

5-Year PerformanceEWJ has outperformed SHV, delivering a return of +9.7% compared to +3.3%

EWJ vs SHV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWJ(ETF)	SHV(ETF)
Net Assets	$21B	$21B
Expense Ratio	0.49%	0.15%
Max Drawdown	62.18%	1.20%
Sharpe Ratio	1.39	1.25
5Y Beta	0.86	-0.00
5Y Dividends CAGR	27.21%	65.56%

Net Assets

Winner

EWJ

$21B

SHV

$21B

Expense Ratio

EWJ

0.49%

Winner

SHV

0.15%

Max Drawdown

EWJ

62.18%

Winner

SHV

1.20%

Sharpe Ratio

Winner

EWJ

1.39

SHV

1.25

5Y Beta

EWJ

0.86

Winner

SHV

-0.00

5Y Dividends CAGR

EWJ

27.21%

Winner

SHV

65.56%

EWJ vs SHV - Historical Returns

Returns include dividend reinvestment.

Period	EWJ	SHV
1 month	+4.20%	+0.29%
3 months	-1.40%	+0.84%
6 months	+13.29%	+1.78%
1 year	+32.31%	+3.94%
5 years(CAGR)	+9.71%	+3.27%
10 years(CAGR)	+9.20%	+2.20%
Max(CAGR)	+3.21%	+1.57%

Winner

EWJ

+4.20%

SHV

+0.29%

EWJ

-1.40%

Winner

SHV

+0.84%

Winner

EWJ

+13.29%

SHV

+1.78%

Winner

EWJ

+32.31%

SHV

+3.94%

5Y(CAGR)

Winner

EWJ

+9.71%

SHV

+3.27%

10Y(CAGR)

Winner

EWJ

+9.20%

SHV

+2.20%

Max(CAGR)

Winner

EWJ

+3.21%

SHV

+1.57%

EWJ vs SHV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWJ	SHV
2026	+13.19%	+1.20%
2025	+26.06%	+4.19%
2024	+8.03%	+5.13%
2023	+19.75%	+5.02%
2022	-17.81%	+0.95%
2021	+2.38%	-0.09%
2020	+14.21%	+0.79%
2019	+18.51%	+2.35%
2018	-14.61%	+1.73%
2017	+23.26%	+0.64%
2016	+4.41%	+0.41%
2015	+8.97%	+0.02%
2014	-4.66%	+0.02%
2013	+22.93%	+0.01%
2012	+7.10%	+0.05%
2011	-15.57%	+0.07%
2010	+10.75%	+0.12%
2009	+2.60%	+0.32%
2008	-26.64%	+2.73%
2007	-5.43%	+4.99%
2006	+2.59%	N/A
2005	+25.83%	N/A
2004	+13.03%	N/A
2003	+36.18%	N/A
2002	-10.32%	N/A
2001	-29.91%	N/A
2000	-29.46%	N/A
1999	+12.29%	N/A

EWJ vs SHV Drawdown Comparison

The maximum drawdown for EWJ was -60.95%, occurring on Apr 25, 2003. Recovery took 4319 trading sessions.

The maximum drawdown for SHV was -0.45%, occurring on Jun 14, 2022. Recovery took 631 trading sessions.

The current EWJ drawdown is -2.03%.

Rank	EWJ	SHV
#1	-60.95% Mar 31, 2000 - Jun 2, 2017	-0.45% Apr 7, 2020 - Oct 7, 2022
#2	-33.13% Sep 15, 2021 - Mar 6, 2024	-0.36% Oct 10, 2008 - Oct 15, 2008
#3	-30.69% Jan 26, 2018 - Nov 9, 2020	-0.29% Oct 15, 2008 - Nov 6, 2008
#4	-14.67% Sep 26, 2024 - Apr 29, 2025	-0.25% Sep 17, 2008 - Oct 2, 2008
#5	-13.59% Feb 11, 2026 - Mar 20, 2026	-0.23% Dec 29, 2008 - Apr 15, 2009
#6	-13.00% Dec 31, 1999 - Mar 31, 2000	-0.19% Aug 22, 2007 - Sep 5, 2007
#7	-12.21% Jul 16, 2024 - Aug 23, 2024	-0.17% Mar 20, 2008 - May 1, 2008
#8	-8.95% Feb 16, 2021 - Sep 3, 2021	-0.14% Oct 2, 2008 - Oct 10, 2008
#9	-7.43% Mar 21, 2024 - Jul 12, 2024	-0.13% Jun 1, 2009 - Jul 8, 2009
#10	-5.90% Oct 6, 2025 - Oct 20, 2025	-0.12% Oct 2, 2015 - Jan 19, 2016
#11	-5.75% Nov 12, 2025 - Dec 15, 2025	-0.11% Feb 24, 2017 - Apr 13, 2017
#12	-5.39% Aug 30, 2024 - Sep 26, 2024	-0.10% Apr 29, 2009 - May 28, 2009
#13	-5.14% Nov 26, 1999 - Dec 23, 1999	-0.09% Dec 12, 2008 - Dec 29, 2008
#14	-4.77% Jun 27, 2025 - Jul 23, 2025	-0.08% Dec 11, 2007 - Dec 19, 2007
#15	-4.19% Jan 14, 2021 - Feb 8, 2021	-0.08% Nov 4, 2016 - Dec 19, 2016

Correlation

Correlation between EWJ and SHV is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (1999 - 2026)

EWJ vs SHV dividend yield comparison.

Year	EWJ	SHV
2026	0.00%	1.18%
2025	4.52%	4.09%
2024	2.34%	5.02%
2023	2.03%	4.73%
2022	1.23%	1.39%
2021	2.08%	0.00%
2020	1.04%	0.74%
2019	2.03%	2.19%
2018	1.71%	1.66%
2017	1.25%	0.72%
2016	1.95%	0.34%
2015	1.27%	0.03%
2014	1.32%	0.00%
2013	1.11%	0.00%
2012	1.94%	0.01%
2011	2.13%	0.07%
2010	1.30%	0.08%
2009	1.42%	0.34%
2008	1.40%	2.08%
2007	1.04%	4.04%
2006	0.70%	0.00%
2005	0.43%	0.00%
2004	0.39%	0.00%
2003	0.02%	0.00%
2000	4.08%	0.00%
1999	0.67%	0.00%