EWJV vs. FLJH
Compare and contrast key facts about iShares MSCI Japan Value ETF (EWJV) and Franklin FTSE Japan Hedged ETF (FLJH).
EWJV and FLJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. FLJH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Hedged to USD Net Tax Index. It was launched on Nov 2, 2017. Both EWJV and FLJH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWJV or FLJH.
Key characteristics
| EWJV | FLJH | |
|---|---|---|
| YTD Return | 12.47% | 19.04% |
| 1Y Return | 31.27% | 45.00% |
| 3Y Return (Ann) | 9.11% | 18.84% |
| 5Y Return (Ann) | 9.07% | 16.07% |
| Sharpe Ratio | 2.06 | 1.20 |
| Daily Std Dev | 15.23% | 36.74% |
| Max Drawdown | -30.05% | -31.50% |
| Current Drawdown | -1.85% | -4.98% |
Correlation
The correlation between EWJV and FLJH is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWJV vs. FLJH - Performance Comparison
In the year-to-date period, EWJV achieves a 12.47% return, which is significantly lower than FLJH's 19.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWJV vs. FLJH - Expense Ratio Comparison
EWJV has a 0.15% expense ratio, which is higher than FLJH's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
EWJV vs. FLJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.
Dividends
EWJV vs. FLJH - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 2.95%, less than FLJH's 21.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 2.95% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% |
FLJH Franklin FTSE Japan Hedged ETF | 21.50% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% |
Drawdowns
EWJV vs. FLJH - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, roughly equal to the maximum FLJH drawdown of -31.50%. Use the drawdown chart below to compare losses from any high point for EWJV and FLJH. For additional features, visit the drawdowns tool.
Volatility
EWJV vs. FLJH - Volatility Comparison
iShares MSCI Japan Value ETF (EWJV) has a higher volatility of 4.60% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 4.32%. This indicates that EWJV's price experiences larger fluctuations and is considered to be riskier than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.