EWJ(EWJ)
AI Look-Through Summary
AI GeneratedThe portfolio is heavily concentrated in Japanese equities, with no clear sector tilt evident from the top holdings list, which appears to reflect a broad market exposure. The weighted P/E and P/B ratios suggest that the fund has a moderate valuation posture compared to its peers.
Concentration risk is elevated due to the presence of several large individual positions, including 8035.T (4.2%) and 8306.T (4.1%), which together account for over 8% of the portfolio. The sector mix appears to be relatively close to the broader Japanese market's composition, suggesting that the fund may offer a representative exposure to Japan.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 08:11:32.278063+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The investment theme implied by the ticker EWJ is exposure to developed markets in Japan, and the portfolio demonstrates a high degree of alignment with this objective. The top ten holdings consist entirely of Japanese equities listed on local exchanges, confirming that the fund maintains strict geographic focus without drifting into unrelated international sectors or asset classes. There are no instances where mega-cap dominance appears to be substituting for thematic coherence; rather, the concentration in large domestic names reflects the natural structure of the target market's largest issuers. The absence of non-Japanese entities ensures that the portfolio remains true to its stated mandate of tracking Japanese equity performance rather than serving as a proxy for broader global trends or unrelated industries.
Sector distribution within these top holdings appears consistent with Japan's mature economic profile, heavily weighted toward industrials, consumer staples, and financials, which are characteristic pillars of the nation's developed market status. The fund exhibits meaningful differentiation from a broad global index due to its exclusive confinement to Japanese equities, eliminating exposure to foreign currencies or overseas growth sectors that would dilute regional purity. With a top-ten concentration of 27.6%, the portfolio retains sufficient diversification across multiple major domestic players while avoiding excessive reliance on a single entity, thereby balancing thematic focus with risk management appropriate for a developed market strategy. This structure suggests the fund effectively captures the specific dynamics of the Japanese economy without compromising its regional identity through over-concentration or sector drift.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 18:20:16.425005+00
ETF Look-Through Dashboard
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 22% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside EWJ collectively pay out 143% of their Free Cash Flow to maintain the current yield. Warning: constituent companies are paying out nearly all cash flow. A wave of dividend cuts may be imminent if earnings decline. Based on 18% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryEWJ is up 30.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +38.5%. Despite earnings growth, valuations have contracted by 7.8% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 22% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of EWJ's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of EWJ's analyzed weight, 49% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 51% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 11% of fund weight with available data. Not investment advice.
Passive Crowding Score
LOWHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
EWJ has a low Passive Crowding Score of 0/100. On average, 0.0% of the market capitalization of EWJ's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 2 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 8035.T | Tokyo Electron Ltd | 4.17% | 33.0x | 7/9 |
| 2 | 8306.T | Mitsubishi UFJ Financial Group Inc | 4.14% | 16.0x | 4/9 |
| 3 | 285A.T | Kioxia Holdings Corp Ordinary Shares | 3.40% | 81.0x | — |
| 4 | 7203.T | Toyota Motor Corp | 3.12% | 11.9x | 6/9 |
| 5 | 6857.T | Advantest Corp | 2.86% | 58.9x | 8/9 |
| 6 | 8316.T | Sumitomo Mitsui Financial Group Inc | 2.79% | 13.5x | 7/9 |
| 7 | 9984.T | SoftBank Group Corp | 2.67% | 11.4x | — |
| 8 | 6501.T | Hitachi Ltd | 2.39% | 27.2x | 6/9 |
| 9 | 6758.T | Sony Group Corp | 2.31% | 15.5x | 8/9 |
| 10 | 6981.T | Murata Manufacturing Co Ltd | 2.23% | 71.4x | — |
Historical Holdings Snapshots
Browse how EWJ’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-18
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
2026-07-17
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
2026-07-16
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
2026-07-15
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
2026-07-14
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
2026-07-13
10 holdings · 30.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 8035.T | 4.17% | — | — |
| 2 | 8306.T | 4.14% | — | — |
| 3 | 285A.T | 3.40% | — | — |
| 4 | 7203.T | 3.12% | — | — |
| 5 | 6857.T | 2.86% | — | — |
| 6 | 8316.T | 2.79% | — | — |
| 7 | 9984.T | 2.67% | — | — |
| 8 | 6501.T | 2.39% | — | — |
| 9 | 6758.T | 2.31% | — | — |
| 10 | 6981.T | 2.23% | — | — |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
Technical Setup
AI GeneratedEWJ is currently trading at $90.29, a position that requires contextualization against its moving average envelope to assess relative value and potential mean-reversion dynamics. Without specific upper or lower band boundaries provided in the dataset, determining whether this price point represents an extension beyond statistical norms or a contraction within them remains speculative based solely on the current figure. If historical volatility suggests $90.29 lies near the outer limits of recent price action, it could theoretically signal increased pressure for a return toward the mean; conversely, if the price sits comfortably in the center of its distribution, momentum might continue unchecked. The absence of trend direction or band width data prevents definitive conclusions regarding whether the asset is overextended to the downside or upside at this moment. Technical analysis relies heavily on the interaction between current market prices and their historical averages to gauge valuation relative to recent performance. In this specific instance, observing where $90.29 aligns with the implied standard deviation bands would clarify if the security exhibits characteristics of a reversal candidate or simply ongoing trend participation. Traders monitoring mean-reversion strategies typically look for prices trading significantly outside these statistical envelopes as potential entry points for counter-trend positions, whereas those following momentum might view such extremes as continuation signals depending on volume confirmation and broader market context which are not available here. Ultimately, the current data point offers a snapshot of price but lacks the comparative framework needed to evaluate mean-reversion probability with certainty. The relationship between $90
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How EWJ’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.