DWLD vs. FLJP

Last updated Jun 24, 2026

DWLD (Davis Select Worldwide ETF) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - DWLD is a Global Equities fund actively managed by Davis Advisers, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. DWLD is actively managed, while FLJP is passively managed. Over the past 5 years, DWLD returned 7.48%/yr vs 9.15%/yr for FLJP. A 0.65 correlation means they provide meaningful diversification when combined. DWLD charges 0.63%/yr vs 0.09%/yr for FLJP.

Performance

DWLD vs. FLJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select Worldwide ETF (DWLD) and Franklin FTSE Japan ETF (FLJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWLD achieves a -1.37% return, which is significantly lower than FLJP's 15.09% return.

DWLD

• 1D: -1.16%
• 1M: -1.90%
• YTD: -1.37%
• 6M: -1.56%
• 1Y: 16.03%
• 3Y*: 19.74%
• 5Y*: 7.48%
• 10Y*: —

FLJP

• 1D: -4.00%
• 1M: 1.04%
• YTD: 15.09%
• 6M: 14.43%
• 1Y: 33.85%
• 3Y*: 18.60%
• 5Y*: 9.15%
• 10Y*: —

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

DWLD vs. FLJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWLD Davis Select Worldwide ETF	-1.37%	30.43%	24.34%	20.62%	-14.20%	-4.03%	22.73%	31.28%	-22.28%	3.70%
FLJP Franklin FTSE Japan ETF	15.09%	26.79%	6.99%	20.00%	-16.57%	0.99%	15.76%	18.99%	-14.01%	2.53%

Correlation

The correlation between DWLD and FLJP is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.65

The correlation between DWLD and FLJP has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

DWLD vs. FLJP - Sectors Allocation Comparison

Sectors	DWLD	FLJP
Consumer Cyclical	21.2%	12.1%
Financial Services	19.1%	16.9%
Technology	18.5%	20.9%
Communication Services	12.6%	5.9%
Healthcare	11.4%	5.8%
Consumer Defensive	6.6%	4.1%
Energy	4.8%	0.9%
Basic Materials	3.3%	4.7%
Industrials	2.6%	24.0%
Real Estate	-	3.0%
Utilities	-	1.3%

Return for Risk

DWLD vs. FLJP — Risk / Return Rank

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

DWLD

DWLD Risk / Return Rank: 31
DWLD Sharpe Ratio Rank: 32
DWLD Sortino Ratio Rank: 30
DWLD Omega Ratio Rank: 30
DWLD Calmar Ratio Rank: 31
DWLD Martin Ratio Rank: 34

FLJP

FLJP Risk / Return Rank: 53
FLJP Sharpe Ratio Rank: 52
FLJP Sortino Ratio Rank: 51
FLJP Omega Ratio Rank: 53
FLJP Calmar Ratio Rank: 54
FLJP Martin Ratio Rank: 53

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.

DWLD vs. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select Worldwide ETF (DWLD) and Franklin FTSE Japan ETF (FLJP). 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.

	DWLD	FLJP	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.71	-0.64
Sortino ratio: Return per unit of downside risk	1.56	2.40	-0.84
Omega ratio: Gain probability vs. loss probability	1.20	1.32	-0.12
Calmar ratio: Return relative to maximum drawdown	1.43	2.56	-1.13
Martin ratio: Return relative to average drawdown	4.76	8.86	-4.11

DWLD vs. FLJP - Sharpe Ratio Comparison

The current DWLD Sharpe Ratio is 1.08, which is lower than the FLJP Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of DWLD and FLJP, 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

DWLD vs. FLJP - Drawdown Comparison

The maximum DWLD drawdown since its inception was -39.27%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for DWLD and FLJP.

Drawdown Indicators

	DWLD	FLJP	Difference
Max Drawdown Largest peak-to-trough decline	-39.27%	-32.49%	-6.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-13.30%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-14.17%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-36.49%	-32.49%	-4.00%
Current Drawdown Current decline from peak	-5.78%	-4.00%	-1.78%
Average Drawdown Average peak-to-trough decline	-11.30%	-9.32%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.83%	-0.45%

Volatility

DWLD vs. FLJP - Volatility Comparison

The current volatility for Davis Select Worldwide ETF (DWLD) is 5.21%, while Franklin FTSE Japan ETF (FLJP) has a volatility of 7.16%. This indicates that DWLD experiences smaller price fluctuations and is considered to be less risky than FLJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWLD	FLJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	7.16%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	11.50%	16.00%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	19.84%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	17.95%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.19%	17.88%	+3.31%

DWLD vs. FLJP - Expense Ratio Comparison

DWLD has a 0.63% expense ratio, which is higher than FLJP's 0.09% expense ratio.

Dividends

DWLD vs. FLJP - Dividend Comparison

DWLD's dividend yield for the trailing twelve months is around 1.58%, less than FLJP's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWLD Davis Select Worldwide ETF	1.58%	1.56%	1.45%	1.23%	0.75%	1.03%	0.24%	2.27%	4.11%	0.20%
FLJP Franklin FTSE Japan ETF	3.83%	5.15%	4.56%	3.00%	1.92%	2.40%	1.51%	2.26%	1.50%	0.10%

Frequently Asked Questions

Can I hold both DWLD and FLJP in my portfolio?

DWLD and FLJP have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWLD or FLJP?

FLJP has higher volatility (7.16%) compared to DWLD (5.21%). In terms of maximum drawdown, DWLD dropped -39.27% vs FLJP's -32.49%.

Which ETF is better, DWLD or FLJP?

On 5-year performance, FLJP leads with 9.15% vs 7.48% for DWLD. On fees, FLJP is cheaper at 0.09% per year. On volatility, DWLD has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWLD or FLJP?

Over the 5-year period, FLJP has performed better with a 9.15% return vs 7.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWLD or FLJP?

FLJP is cheaper with a 0.09% expense ratio, compared with 0.63% for DWLD.

Which ETF pays a higher dividend yield, DWLD or FLJP?

FLJP has the higher dividend yield at 3.83%, compared with 1.58% for DWLD.

What is the main difference between DWLD and FLJP?

DWLD is categorized as Global Equities, while FLJP is Japan Equities. They also come from different issuers: Davis Advisers and Franklin Templeton. Their fees differ too: 0.63% for DWLD and 0.09% for FLJP.

Which has better risk-adjusted returns?

FLJP currently has the higher Sharpe Ratio (1.71 vs 1.08), 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.