First Trust Japan AlphaDEX Fund (FJP) belongs to the Japan Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FJP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FJP
FJP charges 0.80% annually. There are 17 ETFs in the Japan Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin FTSE Japan ETF | 0.09% | 3.93B | Nov 2017 | FJP vs FLJP | |
| Franklin FTSE Japan Hedged ETF | 0.09% | 172.98M | Nov 2017 | FJP vs FLJH | |
| iShares MSCI Japan Value ETF | 0.15% | 697.65M | Mar 2019 | FJP vs EWJV | |
| JPMorgan BetaBuilders Japan ETF | 0.19% | 17.82B | Jun 2018 | FJP vs BBJP | |
| Goldman Sachs ActiveBeta Japan Equity ETF | 0.25% | 83.57M | Mar 2016 | FJP vs GSJY |
Best Risk-Adjusted Alternatives to FJP
FJP has a PortfoliosLab risk / return rank of 54. There are 16 ETFs in the Japan Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Japan Hedged Equity Fund | 94 | 7.14B | Jun 2006 | FJP vs DXJ | |
| WisdomTree Japan Opportunities ETF | 93 | 281.43M | Jun 2013 | FJP vs OPPJ | |
| iShares Currency Hedged MSCI Japan ETF | 92 | 731.15M | Jan 2014 | FJP vs HEWJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | 92 | 697.16M | Jun 2011 | FJP vs DBJP | |
| Franklin FTSE Japan Hedged ETF | 89 | 172.98M | Nov 2017 | FJP vs FLJH |
Top Performing FJP Alternatives (YTD)
FJP is at 12.37% YTD. There are 17 ETFs in the Japan Equities category with higher YTD returns, going as high as 24.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra MSCI Japan | 24.78% | 13.97M | Jun 2009 | FJP vs EZJ | |
| WisdomTree Japan Opportunities ETF | 23.60% | 281.43M | Jun 2013 | FJP vs OPPJ | |
| MUFG Japan Small Cap Active ETF | 22.70% | 22.87M | Sep 2025 | FJP vs MJSC | |
| WisdomTree Japan Hedged Equity Fund | 22.23% | 7.14B | Jun 2006 | FJP vs DXJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | 21.63% | 697.16M | Jun 2011 | FJP vs DBJP |
Lowest Volatility Alternatives to FJP
FJP has 21.23% 1-year volatility. There are 17 ETFs in the Japan Equities category with lower 1-year volatility, going as low as 16.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 16.84% | 256.94M | Dec 2007 | FJP vs SCJ | |
| WisdomTree Japan SmallCap Dividend Fund | 17.08% | 383.82M | Jun 2006 | FJP vs DFJ | |
| WisdomTree Japan Hedged Equity Fund | 18.30% | 7.14B | Jun 2006 | FJP vs DXJ | |
| Franklin FTSE Japan Hedged ETF | 19.20% | 172.98M | Nov 2017 | FJP vs FLJH | |
| iShares MSCI Japan Value ETF | 19.68% | 697.65M | Mar 2019 | FJP vs EWJV |
Lowest Drawdown Alternatives to FJP
FJP has a 1-year max drawdown of -14.43%. There are 13 ETFs in the Japan Equities category with shallower 1-year drawdowns, going as shallow as -9.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Japan Opportunities ETF | -9.82% | 281.43M | Jun 2013 | FJP vs OPPJ | |
| iShares Currency Hedged MSCI Japan ETF | -10.37% | 731.15M | Jan 2014 | FJP vs HEWJ | |
| Xtrackers MSCI Japan Hedged Equity ETF | -10.39% | 697.16M | Jun 2011 | FJP vs DBJP | |
| Franklin FTSE Japan Hedged ETF | -10.80% | 172.98M | Nov 2017 | FJP vs FLJH | |
| WisdomTree Japan Hedged Equity Fund | -10.98% | 7.14B | Jun 2006 | FJP vs DXJ |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.
Often Compared With FJP
Investors most often compare FJP with IAUM, EWJ, QQQ. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FJP with Any Fund or Stock
Compare FJP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FJP with funds that move differently
First Trust Japan AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FJP.
Explore FJP Diversifiers