Japan based equity ETFs continue to see strong inflows as of late, with the largest ETF in the space in terms of assets under management, iShares MSCI Japan (NYSEArca: EWJ), taking in north of $400 million in the past week, bringing it to $1.06 billion in net inflows, year to date.

However, nipping at its heels in terms of asset levels is now WisdomTree Japan Hedged Equity (NYSEArca: DXJ), which has reeled in more than $3 billion YTD and about $234 million last week.

EWJ has an expense ratio of 0.51% while DXJ charges 0.48%.

Average daily trading volume has also picked up significantly in DXJ (2.6 million shares in ADV) versus EWJ’s 33 million shares. [Japan ETFs Rally on Central Bank Easing Talk]

EWJ has a total of $6.39 billion in AUM and DXJ now has accumulated $4.57 billion as the space has been extremely popular with both retail and institutional ETF investors.