iShares MSCI Japan ETF vs Taiwan Semiconductor Mfg. Co. Ltd. — how do they compare? iShares MSCI Japan ETF trades at $91.85, while Taiwan Semiconductor Mfg. Co. Ltd. trades at $405 (market cap $1.96T). The key difference: Taiwan Semiconductor Mfg. Co. Ltd. pays a 0.9% dividend while iShares MSCI Japan ETF pays none. Which is the better fit depends on your goals.
| EWJ | TSM | |
|---|---|---|
Sector | Broad Market / Factor | Technology |
52-Week High | $96.97 | $477.57 |
52-Week Low | $71.81 | $227.33 |
Market Cap | — | $1.96T |
Enterprise Value | — | $1.89T |
Dividend Yield | — | 0.9% |
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TSM trades at $406.13, down 3.39% today, but maintains strong fundamentals with record earnings driven by AI chip demand. The stock shows a bearish technical signal near support at $404, while fundamentals reveal robust profitability with a 46.5% net margin and four consecutive quarterly EPS beats. Revenue growth accelerated to $3.81T in 2025, though valuation multiples like P/E of 36.54 appear elevated relative to historical norms.
Outlook remains positive given analyst consensus of $498.33 price target and 72% buy ratings, but risks include geopolitical tensions and high expectations priced into the stock. Cash flow strength supports dividend payments, with the next $1.11 dividend scheduled for October 2026.
Trailing returns across standard periods
Latest headlines on both assets
EWJ tracks the MSCI Japan Index, providing broad exposure to over 180 large and mid-cap companies in Japan. It is the most established and liquid vehicle for accessing the Japanese equity market, featuring a diversified portfolio across industrials, consumer discretionary, and financial sectors.
Read more on EWJ →Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
Read more on TSM →