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DXJS vs. FLJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXJS vs. FLJP

Last updated Jun 4, 2026

DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) and FLJP (Franklin FTSE Japan ETF) are both Japan Equities funds - DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index while FLJP tracks the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, DXJS returned 25.18%/yr vs 9.03%/yr for FLJP. A 0.72 correlation means they provide meaningful diversification when combined. DXJS charges 0.58%/yr vs 0.09%/yr for FLJP.

Performance

DXJS vs. FLJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and Franklin FTSE Japan ETF (FLJP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DXJS achieves a 26.16% return, which is significantly higher than FLJP's 16.23% return.

DXJS

1D
-0.02%
1M
2.99%
YTD
26.16%
6M
32.96%
1Y
64.97%
3Y*
34.91%
5Y*
25.18%
10Y*
17.36%

FLJP

1D
0.33%
1M
6.40%
YTD
16.23%
6M
17.97%
1Y
32.70%
3Y*
18.66%
5Y*
9.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJS vs. FLJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXJS
WisdomTree Japan Hedged SmallCap Equity Fund		26.16%37.08%20.70%38.96%5.02%11.66%-3.22%18.24%-18.69%2.98%
FLJP
Franklin FTSE Japan ETF		16.23%26.79%6.99%20.00%-16.57%0.99%15.76%18.99%-14.01%2.22%

Correlation

The correlation between DXJS and FLJP is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.72

The correlation between DXJS and FLJP has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

DXJS vs. FLJP - Sectors Allocation Comparison

Sectors
DXJS
FLJP

Industrials

27.6%
25.4%

Consumer Cyclical

19.7%
12.2%

Basic Materials

12.0%
4.9%

Technology

11.2%
19.7%

Financial Services

9.2%
16.0%

Consumer Defensive

8.4%
3.9%

Healthcare

4.4%
5.8%

Real Estate

3.3%
2.9%

Communication Services

1.7%
6.3%

Utilities

1.6%
1.2%

Energy

1.0%
0.9%

Industrials

DXJS
27.6%
FLJP
25.4%

Consumer Cyclical

DXJS
19.7%
FLJP
12.2%

Basic Materials

DXJS
12.0%
FLJP
4.9%

Technology

DXJS
11.2%
FLJP
19.7%

Financial Services

DXJS
9.2%
FLJP
16.0%

Consumer Defensive

DXJS
8.4%
FLJP
3.9%

Healthcare

DXJS
4.4%
FLJP
5.8%

Real Estate

DXJS
3.3%
FLJP
2.9%

Communication Services

DXJS
1.7%
FLJP
6.3%

Utilities

DXJS
1.6%
FLJP
1.2%

Energy

DXJS
1.0%
FLJP
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Japan Hedged SmallCap Equity Fund

Franklin FTSE Japan ETF

Often compared with DXJS:
DXJS vs. DXJDXJS vs. DFJDXJS vs. FXYDXJS vs. FJSCXDXJS vs. GSJYDXJS vs. SHDXJS vs. PRIJ.L
Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR

Return for Risk

DXJS vs. FLJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJS
DXJS Risk / Return Rank: 9191
Overall Rank
DXJS Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJS Sortino Ratio Rank: 9191
Sortino Ratio Rank
DXJS Omega Ratio Rank: 8787
Omega Ratio Rank
DXJS Calmar Ratio Rank: 9393
Calmar Ratio Rank
DXJS Martin Ratio Rank: 9292
Martin Ratio Rank
FLJP
FLJP Risk / Return Rank: 5050
Overall Rank
FLJP Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 5151
Sortino Ratio Rank
FLJP Omega Ratio Rank: 5151
Omega Ratio Rank
FLJP Calmar Ratio Rank: 4949
Calmar Ratio Rank
FLJP Martin Ratio Rank: 5050
Martin Ratio Rank
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.

DXJS vs. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) 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.

DXJSFLJPDifference
Sharpe ratioReturn per unit of total volatility
3.33
1.74

+1.59

Sortino ratioReturn per unit of downside risk
4.34
2.50

+1.84

Omega ratioGain probability vs. loss probability

1.55

1.33

+0.23

Calmar ratioReturn relative to maximum drawdown

6.65

2.47

+4.18

Martin ratioReturn relative to average drawdown

23.90

8.62

+15.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXJS vs. FLJP - Sharpe Ratio Comparison

The current DXJS Sharpe Ratio is 3.33, which is higher than the FLJP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of DXJS 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.

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Sharpe Ratios by Period

DXJSFLJPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.33

1.74

+1.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.40

0.51

+0.89

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.45

+0.31

Drawdowns

DXJS vs. FLJP - Drawdown Comparison

The maximum DXJS drawdown since its inception was -39.30%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for DXJS and FLJP.

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Drawdown Indicators

DXJSFLJPDifference

Max Drawdown

Largest peak-to-trough decline

-39.30%

-32.49%

-6.81%

Max Drawdown (1Y)

Largest decline over 1 year

-9.82%

-13.30%

+3.48%

Max Drawdown (3Y)

Largest decline over 3 years

-16.49%

-14.17%

-2.32%

Max Drawdown (5Y)

Largest decline over 5 years

-16.49%

-32.49%

+16.00%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

—

—

Current Drawdown

Current decline from peak

-4.27%

-0.07%

-4.20%

Average Drawdown

Average peak-to-trough decline

-6.49%

-9.37%

+2.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

3.80%

-1.07%

Volatility

DXJS vs. FLJP - Volatility Comparison

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) has a higher volatility of 5.08% compared to Franklin FTSE Japan ETF (FLJP) at 4.11%. This indicates that DXJS's price experiences larger fluctuations and is considered to be riskier than FLJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DXJSFLJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

4.11%

+0.97%

Volatility (6M)

Calculated over the trailing 6-month period

15.39%

14.72%

+0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

19.64%

18.92%

+0.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.05%

17.75%

+0.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.71%

17.79%

+1.92%

DXJS vs. FLJP - Expense Ratio Comparison

DXJS has a 0.58% expense ratio, which is higher than FLJP's 0.09% expense ratio.

Dividends

DXJS vs. FLJP - Dividend Comparison

DXJS's dividend yield for the trailing twelve months is around 1.50%, less than FLJP's 4.43% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJS
WisdomTree Japan Hedged SmallCap Equity Fund		1.50%1.78%4.02%2.71%2.63%2.96%3.04%2.17%2.06%1.53%1.66%3.61%
FLJP
Franklin FTSE Japan ETF		4.43%5.15%4.56%3.00%1.92%2.40%1.51%2.26%1.50%0.10%0.00%0.00%

Frequently Asked Questions

DXJS and FLJP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DXJS has higher volatility (5.08%) compared to FLJP (4.11%). In terms of maximum drawdown, DXJS dropped -39.30% vs FLJP's -32.49%.

On 5-year performance, DXJS leads with 25.18% vs 9.03% for FLJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DXJS has performed better with a 25.18% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLJP is cheaper with a 0.09% expense ratio, compared with 0.58% for DXJS.

FLJP has the higher dividend yield at 4.43%, compared with 1.50% for DXJS.

DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.58% for DXJS and 0.09% for FLJP.

DXJS currently has the higher Sharpe Ratio (3.33 vs 1.74), 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.

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