What if you invested in Japan (EWJ) in 2005?

EWJ · Index · Data through 2026-06-01

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If you invested $1,000 in Japan (EWJ) in 2005

$3,102today
+210.2% total return|+5.4% annualized

The same $1,000 in the S&P 500 would be worth $9,342(+834.2%)

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The S&P 500 returned $9,342 on the same $1,000. S&P 500 outperformed by $6,241.

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What if Japan (EWJ) keeps this up?

Project forward at Japan (EWJ)'s 5.4% historical growth rate. See 5-30 year scenarios.

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Growth of $1,000

Japan (EWJ) vs. S&P 500 vs. US Dollar, 2005 to present

Japan (EWJ)
S&P 500
US Dollar

Year-by-Year Returns

$1,000 invested in Japan (EWJ) starting January 2005

YearPriceValueAnnual
2005$29.91$1,000-
2006$39.77$1,330+33%
2007$40.88$1,367+2.8%
2008$36.72$1,227-10.2%
2009$24.65$824-32.9%
2010$29.19$976+18.4%
2011$32.89$1,099+12.6%
2012$29.33$981-10.8%
2013$31.25$1,045+6.5%
2014$35.94$1,201+15%
2015$36.91$1,234+2.7%
2016$37.40$1,250+1.3%
2017$41.93$1,402+12.1%
2018$52.87$1,767+26.1%
2019$46.30$1,548-12.4%
2020$50.30$1,682+8.6%
2021$59.05$1,974+17.4%
2022$57.65$1,927-2.4%
2023$53.41$1,786-7.3%
2024$61.54$2,057+15.2%
2025$64.96$2,172+5.6%
2026$85.26$2,850+31.2%

What this return means

A $1,000 stake in Japan (EWJ) from 2005 has grown to $3,101. That is a +210.1% gain, a little over 3.1x your money, measured to 2026-06-01.

That is only about 5.4% a year once you compound it across 21.6 years. Because this is a broad S&P 500 fund, it is the benchmark here rather than something measured against it.

Getting here meant sitting through real volatility. The best single year was 2006 at +33.0%, and the worst was 2009 at -32.9%. At its lowest point the position was down about 40% from an earlier high. These figures use split-adjusted closing prices and exclude dividends, taxes, trading fees, and inflation, so a real after-tax result would differ.

Treat this as history rather than advice. Past performance does not guarantee future results.

What if you invested $100 a month instead?

Most people do not drop a lump sum in on day one. They add a fixed amount every month. Putting $100 into Japan (EWJ) at the close of every month from January 2005 through June 2026 means 258 buys and $25,800 contributed over about 21.5 years.

$100/month, dollar-cost averaged

$59,086

+129.0% on $25,800 in

Same $25,800, all in at the start

$80,022

+210.2% on $25,800 in

Going all in at the start beat spreading the buys out by $20,937. That is the usual result when a stock trends up: each monthly buy pays a higher price than the last, so the average cost climbs. Averaging in also meant an average buy price of $40.51 per share across the whole stretch, so the monthly buyer never had to time a single low. Neither number counts dividends, taxes, or trading costs.

Illustrative fixed $100/month example, not a recommendation. Figures are computed from EWJ split-adjusted monthly closes through June 2026. Past performance does not guarantee future results.

Numbers worth sharing

Occasional data drops when something interesting surfaces. No schedule, just signal.

For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.