ASEA vs. FLJH

Last updated Jul 17, 2026

ASEA (Global X FTSE Southeast Asia ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both exchange-traded funds - ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index, while FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Both are passively managed. Over the past 5 years, ASEA returned 13.00%/yr vs 21.36%/yr for FLJH. At a 0.39 correlation, their price movements are largely independent. ASEA charges 0.65%/yr vs 0.09%/yr for FLJH.

Performance

ASEA vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FTSE Southeast Asia ETF (ASEA) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASEA achieves a 17.56% return, which is significantly lower than FLJH's 20.27% return.

ASEA

• 1D: 0.86%
• 1M: 5.21%
• 6M: 13.64%
• YTD: 17.56%
• 1Y: 32.86%
• 3Y*: 16.21%
• 5Y*: 13.00%
• 10Y*: 7.67%

FLJH

• 1D: -1.55%
• 1M: -0.89%
• 6M: 12.70%
• YTD: 20.27%
• 1Y: 44.73%
• 3Y*: 27.57%
• 5Y*: 21.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASEA vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASEA Global X FTSE Southeast Asia ETF	17.56%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	-7.58%	8.23%
FLJH Franklin FTSE Japan Hedged ETF	20.27%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-14.66%	1.26%

Correlation

The correlation between ASEA and FLJH is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.39

ASEA vs. FLJH - Sectors Allocation Comparison

Sectors	ASEA	FLJH
Financial Services	11.1%	15.8%
Industrials	5.9%	25.2%
Communication Services	3.5%	8.0%
Energy	3.1%	0.9%
Real Estate	2.8%	3.0%
Utilities	1.4%	1.2%
Consumer Defensive	1.3%	4.0%
Healthcare	1.1%	5.5%
Consumer Cyclical	0.7%	12.7%
Basic Materials	0.2%	4.4%
Technology	-	19.4%

Return for Risk

ASEA vs. FLJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASEA

ASEA Risk / Return Rank: 84
ASEA Sharpe Ratio Rank: 87
ASEA Sortino Ratio Rank: 88
ASEA Omega Ratio Rank: 84
ASEA Calmar Ratio Rank: 87
ASEA Martin Ratio Rank: 73

FLJH

FLJH Risk / Return Rank: 88
FLJH Sharpe Ratio Rank: 89
FLJH Sortino Ratio Rank: 85
FLJH Omega Ratio Rank: 87
FLJH Calmar Ratio Rank: 89
FLJH Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASEA vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) and Franklin FTSE Japan Hedged ETF (FLJH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASEA	FLJH	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.33	-0.06
Sortino ratio: Return per unit of downside risk	3.24	3.11	+0.13
Omega ratio: Gain probability vs. loss probability	1.40	1.42	-0.02
Calmar ratio: Return relative to maximum drawdown	3.99	4.16	-0.18
Martin ratio: Return relative to average drawdown	10.55	15.64	-5.09

ASEA vs. FLJH - Sharpe Ratio Comparison

The current ASEA Sharpe Ratio is 2.28, which is comparable to the FLJH Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of ASEA and FLJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASEA vs. FLJH - Drawdown Comparison

The maximum ASEA drawdown since its inception was -44.16%, which is greater than FLJH's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for ASEA and FLJH.

Drawdown Indicators

	ASEA	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-44.16%	-31.51%	-12.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-10.80%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	-20.39%	-1.81%
Max Drawdown (5Y) Largest decline over 5 years	-22.20%	-20.39%	-1.81%
Max Drawdown (10Y) Largest decline over 10 years	-44.16%	—	—
Current Drawdown Current decline from peak	0.00%	-4.01%	+4.01%
Average Drawdown Average peak-to-trough decline	-10.59%	-5.27%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.87%	+0.25%

Volatility

ASEA vs. FLJH - Volatility Comparison

The current volatility for Global X FTSE Southeast Asia ETF (ASEA) is 3.60%, while Franklin FTSE Japan Hedged ETF (FLJH) has a volatility of 6.77%. This indicates that ASEA experiences smaller price fluctuations and is considered to be less risky than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASEA	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	6.77%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	15.03%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.49%	19.26%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	18.72%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	19.88%	-2.40%

ASEA vs. FLJH - Expense Ratio Comparison

ASEA has a 0.65% expense ratio, which is higher than FLJH's 0.09% expense ratio.

Dividends

ASEA vs. FLJH - Dividend Comparison

ASEA's dividend yield for the trailing twelve months is around 3.68%, more than FLJH's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.68%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
FLJH Franklin FTSE Japan Hedged ETF	2.50%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASEA and FLJH in my portfolio?

ASEA and FLJH have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASEA or FLJH?

FLJH has higher volatility (6.77%) compared to ASEA (3.60%). In terms of maximum drawdown, ASEA dropped -44.16% vs FLJH's -31.51%.

Which ETF is better, ASEA or FLJH?

On 5-year performance, FLJH leads with 21.36% vs 13.00% for ASEA. On fees, FLJH is cheaper at 0.09% per year. On volatility, ASEA has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASEA or FLJH?

Over the 5-year period, FLJH has performed better with a 21.36% return vs 13.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASEA or FLJH?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.65% for ASEA.

Which ETF pays a higher dividend yield, ASEA or FLJH?

ASEA has the higher dividend yield at 3.68%, compared with 2.50% for FLJH.

What is the main difference between ASEA and FLJH?

ASEA is categorized as Asia Pacific Equities, while FLJH is Japan Equities. ASEA tracks FTSE/ASEAN 40 Index, while FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index. They also come from different issuers: Global X and Franklin Templeton. Their fees differ too: 0.65% for ASEA and 0.09% for FLJH.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.33 vs 2.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.