DXJS vs. FLJP
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 24.61%/yr vs 9.15%/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
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Returns By Period
In the year-to-date period, DXJS achieves a 23.30% return, which is significantly higher than FLJP's 15.09% return.
DXJS
- 1D
- -2.83%
- 1M
- -1.82%
- YTD
- 23.30%
- 6M
- 24.16%
- 1Y
- 59.61%
- 3Y*
- 33.69%
- 5Y*
- 24.61%
- 10Y*
- 16.84%
FLJP
- 1D
- -4.00%
- 1M
- 1.04%
- YTD
- 15.09%
- 6M
- 14.43%
- 1Y
- 33.85%
- 3Y*
- 18.60%
- 5Y*
- 9.15%
- 10Y*
- —
DXJS vs. FLJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 23.30% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 2.78% |
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 DXJS and FLJP is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.72 |
The correlation between DXJS and FLJP has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
DXJS vs. FLJP — Risk / Return Rank
DXJS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLJP
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.
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.
| DXJS | FLJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.32 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 2.56 | +3.68 |
| Martin ratioReturn relative to average drawdown | 22.10 | 8.86 | +13.24 |
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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
| DXJS | FLJP | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -6.44% | -4.00% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -9.32% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.83% | -1.06% |
Volatility
DXJS vs. FLJP - Volatility Comparison
The current volatility for WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is 5.19%, while Franklin FTSE Japan ETF (FLJP) has a volatility of 7.16%. This indicates that DXJS 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.
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Volatility by Period
| DXJS | FLJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 7.16% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 16.00% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.86% | 19.84% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 17.95% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 17.88% | +1.84% |
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 has not paid dividends to shareholders, while FLJP's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJS WisdomTree Japan Hedged SmallCap Equity Fund | 1.54% | 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 | 3.83% | 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 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLJP has higher volatility (7.16%) compared to DXJS (5.19%). In terms of maximum drawdown, DXJS dropped -39.30% vs FLJP's -32.49%.
On 5-year performance, DXJS leads with 24.61% vs 9.15% for FLJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, DXJS has been the lower-risk option at 5.19%. 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 24.61% return vs 9.15%. 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 3.83%, compared with 1.54% 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 (3.08 vs 1.71), 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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