BLDG vs. FLJH

Last updated Jun 24, 2026

BLDG (Cambria Global Real Estate ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both exchange-traded funds - BLDG is a REIT fund actively managed by Cambria, while FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. BLDG is actively managed, while FLJH is passively managed. Over the past 5 years, BLDG returned 2.99%/yr vs 20.87%/yr for FLJH. At a 0.41 correlation, their price movements are largely independent. BLDG charges 0.59%/yr vs 0.09%/yr for FLJH.

Performance

BLDG vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Global Real Estate ETF (BLDG) 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, BLDG achieves a 9.76% return, which is significantly lower than FLJH's 20.28% return.

BLDG

• 1D: 0.65%
• 1M: 1.97%
• YTD: 9.76%
• 6M: 10.36%
• 1Y: 11.23%
• 3Y*: 11.02%
• 5Y*: 2.99%
• 10Y*: —

FLJH

• 1D: -4.00%
• 1M: 2.70%
• YTD: 20.28%
• 6M: 20.23%
• 1Y: 46.99%
• 3Y*: 27.12%
• 5Y*: 20.87%
• 10Y*: —

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

BLDG vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BLDG Cambria Global Real Estate ETF	9.76%	4.26%	8.18%	1.76%	-14.66%	22.47%	15.25%
FLJH Franklin FTSE Japan Hedged ETF	20.28%	25.26%	25.89%	36.02%	-2.75%	12.68%	12.65%

Correlation

The correlation between BLDG and FLJH is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.41

The correlation between BLDG and FLJH shifts across timeframes, from 0.25 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BLDG vs. FLJH — Risk / Return Rank

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

BLDG

BLDG Risk / Return Rank: 27
BLDG Sharpe Ratio Rank: 28
BLDG Sortino Ratio Rank: 26
BLDG Omega Ratio Rank: 26
BLDG Calmar Ratio Rank: 24
BLDG Martin Ratio Rank: 29

FLJH

FLJH Risk / Return Rank: 82
FLJH Sharpe Ratio Rank: 82
FLJH Sortino Ratio Rank: 79
FLJH Omega Ratio Rank: 81
FLJH Calmar Ratio Rank: 84
FLJH Martin Ratio Rank: 85

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.

BLDG vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) 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.

	BLDG	FLJH	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.49	-1.51
Sortino ratio: Return per unit of downside risk	1.39	3.31	-1.92
Omega ratio: Gain probability vs. loss probability	1.17	1.46	-0.29
Calmar ratio: Return relative to maximum drawdown	1.12	4.37	-3.25
Martin ratio: Return relative to average drawdown	3.92	16.90	-12.97

BLDG vs. FLJH - Sharpe Ratio Comparison

The current BLDG Sharpe Ratio is 0.98, which is lower than the FLJH Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BLDG 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

BLDG vs. FLJH - Drawdown Comparison

The maximum BLDG drawdown since its inception was -27.25%, smaller than the maximum FLJH drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for BLDG and FLJH.

Drawdown Indicators

	BLDG	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-27.25%	-31.51%	+4.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-10.80%	+0.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.57%	-20.39%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-27.25%	-20.39%	-6.86%
Current Drawdown Current decline from peak	-1.83%	-4.00%	+2.17%
Average Drawdown Average peak-to-trough decline	-9.15%	-5.29%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.79%	+0.08%

Volatility

BLDG vs. FLJH - Volatility Comparison

The current volatility for Cambria Global Real Estate ETF (BLDG) is 4.60%, while Franklin FTSE Japan Hedged ETF (FLJH) has a volatility of 7.15%. This indicates that BLDG 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

	BLDG	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	7.15%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	14.83%	-5.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	18.98%	-7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	18.71%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	19.89%	-4.33%

BLDG vs. FLJH - Expense Ratio Comparison

BLDG has a 0.59% expense ratio, which is higher than FLJH's 0.09% expense ratio.

Dividends

BLDG vs. FLJH - Dividend Comparison

BLDG's dividend yield for the trailing twelve months is around 5.35%, more than FLJH's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLDG Cambria Global Real Estate ETF	5.35%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%	0.00%	0.00%	0.00%
FLJH Franklin FTSE Japan Hedged ETF	1.86%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%

Frequently Asked Questions

Can I hold both BLDG and FLJH in my portfolio?

BLDG and FLJH have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLDG or FLJH?

FLJH has higher volatility (7.15%) compared to BLDG (4.60%). In terms of maximum drawdown, BLDG dropped -27.25% vs FLJH's -31.51%.

Which ETF is better, BLDG or FLJH?

On 5-year performance, FLJH leads with 20.87% vs 2.99% for BLDG. On fees, FLJH is cheaper at 0.09% per year. On volatility, BLDG has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLDG or FLJH?

Over the 5-year period, FLJH has performed better with a 20.87% return vs 2.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLDG or FLJH?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.59% for BLDG.

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

BLDG has the higher dividend yield at 5.35%, compared with 1.86% for FLJH.

What is the main difference between BLDG and FLJH?

BLDG is categorized as REIT, while FLJH is Japan Equities. They also come from different issuers: Cambria and Franklin Templeton. Their fees differ too: 0.59% for BLDG and 0.09% for FLJH.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.49 vs 0.97), 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.