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EPP vs. FLJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPP vs. FLJP

Last updated Jul 14, 2026
Documentation

EPP (iShares MSCI Pacific ex Japan ETF) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - EPP is a Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, EPP returned 5.26%/yr vs 9.01%/yr for FLJP. A 0.68 correlation means they provide meaningful diversification when combined. EPP charges 0.48%/yr vs 0.09%/yr for FLJP.

Performance

EPP vs. FLJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Pacific ex Japan ETF (EPP) 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, EPP achieves a 9.21% return, which is significantly lower than FLJP's 15.38% return.

EPP

1D
-0.57%
1M
0.54%
6M
6.84%
YTD
9.21%
1Y
13.54%
3Y*
11.81%
5Y*
5.26%
10Y*
7.03%

FLJP

1D
-1.93%
1M
0.47%
6M
9.32%
YTD
15.38%
1Y
33.32%
3Y*
17.74%
5Y*
9.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPP vs. FLJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPP
iShares MSCI Pacific ex Japan ETF		9.21%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%4.16%
FLJP
Franklin FTSE Japan ETF		15.38%26.79%6.99%20.00%-16.57%0.99%15.76%18.99%-14.01%2.53%

Correlation

The correlation between EPP and FLJP is 0.65, 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

0.65

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

0.62

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

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.68

The correlation between EPP and FLJP has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

EPP vs. FLJP - Sectors Allocation Comparison

Sectors
EPP
FLJP

Financial Services

44.9%
15.8%

Basic Materials

17.0%
4.4%

Industrials

8.5%
25.2%

Real Estate

7.4%
2.9%

Consumer Cyclical

6.2%
12.7%

Utilities

3.5%
1.2%

Healthcare

3.3%
5.5%

Consumer Defensive

2.9%
4.0%

Energy

2.7%
0.9%

Communication Services

2.6%
8.0%

Technology

1.0%
19.4%

Financial Services

EPP
44.9%
FLJP
15.8%

Basic Materials

EPP
17.0%
FLJP
4.4%

Industrials

EPP
8.5%
FLJP
25.2%

Real Estate

EPP
7.4%
FLJP
2.9%

Consumer Cyclical

EPP
6.2%
FLJP
12.7%

Utilities

EPP
3.5%
FLJP
1.2%

Healthcare

EPP
3.3%
FLJP
5.5%

Consumer Defensive

EPP
2.9%
FLJP
4.0%

Energy

EPP
2.7%
FLJP
0.9%

Communication Services

EPP
2.6%
FLJP
8.0%

Technology

EPP
1.0%
FLJP
19.4%

Compare stocks, funds, or ETFs

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

iShares MSCI Pacific ex Japan ETF

Franklin FTSE Japan ETF

Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL
Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR

Return for Risk

EPP vs. FLJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPP
EPP Risk / Return Rank: 3333
Overall Rank
EPP Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 3030
Sortino Ratio Rank
EPP Omega Ratio Rank: 3030
Omega Ratio Rank
EPP Calmar Ratio Rank: 3838
Calmar Ratio Rank
EPP Martin Ratio Rank: 3636
Martin Ratio Rank
FLJP
FLJP Risk / Return Rank: 6464
Overall Rank
FLJP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 6464
Sortino Ratio Rank
FLJP Omega Ratio Rank: 6666
Omega Ratio Rank
FLJP Calmar Ratio Rank: 6363
Calmar Ratio Rank
FLJP Martin Ratio Rank: 6262
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.

EPP vs. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) 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.

EPPFLJPDifference
Sharpe ratioReturn per unit of total volatility
0.90
1.68

-0.78

Sortino ratioReturn per unit of downside risk
1.34
2.35

-1.01

Omega ratioGain probability vs. loss probability

1.17

1.31

-0.15

Calmar ratioReturn relative to maximum drawdown

1.55

2.52

-0.97

Martin ratioReturn relative to average drawdown

4.30

8.73

-4.42

EPP vs. FLJP - Sharpe Ratio Comparison

The current EPP Sharpe Ratio is 0.90, which is lower than the FLJP Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EPP 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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Drawdowns

EPP vs. FLJP - Drawdown Comparison

The maximum EPP drawdown since its inception was -66.01%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for EPP and FLJP.

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Drawdown Indicators

EPPFLJPDifference

Max Drawdown

Largest peak-to-trough decline

-66.01%

-32.49%

-33.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-13.30%

+4.51%

Max Drawdown (3Y)

Largest decline over 3 years

-19.29%

-14.17%

-5.12%

Max Drawdown (5Y)

Largest decline over 5 years

-24.55%

-32.49%

+7.94%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

—

—

Current Drawdown

Current decline from peak

-3.11%

-3.76%

+0.65%

Average Drawdown

Average peak-to-trough decline

-10.59%

-9.28%

-1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

3.83%

-0.68%

Volatility

EPP vs. FLJP - Volatility Comparison

The current volatility for iShares MSCI Pacific ex Japan ETF (EPP) is 3.96%, while Franklin FTSE Japan ETF (FLJP) has a volatility of 7.03%. This indicates that EPP 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

EPPFLJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

7.03%

-3.07%

Volatility (6M)

Calculated over the trailing 6-month period

12.68%

16.37%

-3.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.06%

19.95%

-4.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.50%

17.99%

-0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.99%

17.89%

+1.10%

EPP vs. FLJP - Expense Ratio Comparison

EPP has a 0.48% expense ratio, which is higher than FLJP's 0.09% expense ratio.

Dividends

EPP vs. FLJP - Dividend Comparison

EPP's dividend yield for the trailing twelve months is around 3.44%, less than FLJP's 4.27% yield.

PositionTTM20252024202320222021202020192018201720162015
EPP
iShares MSCI Pacific ex Japan ETF		3.44%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%
FLJP
Franklin FTSE Japan ETF		4.27%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

EPP and FLJP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLJP has higher volatility (7.03%) compared to EPP (3.96%). In terms of maximum drawdown, EPP dropped -66.01% vs FLJP's -32.49%.

On 5-year performance, FLJP leads with 9.01% vs 5.26% for EPP. On fees, FLJP is cheaper at 0.09% per year. On volatility, EPP has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLJP has performed better with a 9.01% return vs 5.26%. 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 0.48% for EPP.

FLJP has the higher dividend yield at 4.27%, compared with 3.44% for EPP.

EPP is categorized as Asia Pacific Equities, while FLJP is Japan Equities. EPP tracks MSCI Pacific ex-Japan Index, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.48% for EPP and 0.09% for FLJP.

FLJP currently has the higher Sharpe Ratio (1.68 vs 0.90), 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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