PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWQ vs. FLJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWQ vs. FLJP

Last updated Jun 9, 2026

EWQ (iShares MSCI France ETF) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - EWQ is a Europe Equities fund tracking the MSCI France Index, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, EWQ returned 6.16%/yr vs 8.77%/yr for FLJP. A 0.66 correlation means they provide meaningful diversification when combined. EWQ charges 0.50%/yr vs 0.09%/yr for FLJP.

Performance

EWQ vs. FLJP - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EWQ achieves a 1.24% return, which is significantly lower than FLJP's 13.96% return.

EWQ

1D
0.42%
1M
-0.46%
YTD
1.24%
6M
2.53%
1Y
8.79%
3Y*
9.62%
5Y*
6.16%
10Y*
9.55%

FLJP

1D
1.03%
1M
-0.48%
YTD
13.96%
6M
14.90%
1Y
30.70%
3Y*
17.44%
5Y*
8.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EWQ vs. FLJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWQ
iShares MSCI France ETF		1.24%28.90%-5.63%21.71%-12.05%21.43%2.86%26.69%-12.90%-0.11%
FLJP
Franklin FTSE Japan ETF		13.96%26.79%6.99%20.00%-16.57%0.99%15.76%18.99%-14.01%2.53%

Correlation

The correlation between EWQ and FLJP is 0.63, 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

0.63

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

0.58

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

0.64

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

0.66

The correlation between EWQ and FLJP has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

EWQ vs. FLJP - Sectors Allocation Comparison

Sectors
EWQ
FLJP

Industrials

31.7%
25.0%

Financial Services

12.8%
15.7%

Consumer Cyclical

12.0%
12.4%

Healthcare

8.4%
5.9%

Consumer Defensive

8.3%
3.9%

Energy

8.0%
0.9%

Basic Materials

7.0%
5.0%

Technology

4.1%
20.3%

Communication Services

3.0%
6.1%

Utilities

2.6%
1.2%

Real Estate

1.4%
2.9%

Industrials

EWQ
31.7%
FLJP
25.0%

Financial Services

EWQ
12.8%
FLJP
15.7%

Consumer Cyclical

EWQ
12.0%
FLJP
12.4%

Healthcare

EWQ
8.4%
FLJP
5.9%

Consumer Defensive

EWQ
8.3%
FLJP
3.9%

Energy

EWQ
8.0%
FLJP
0.9%

Basic Materials

EWQ
7.0%
FLJP
5.0%

Technology

EWQ
4.1%
FLJP
20.3%

Communication Services

EWQ
3.0%
FLJP
6.1%

Utilities

EWQ
2.6%
FLJP
1.2%

Real Estate

EWQ
1.4%
FLJP
2.9%

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 France ETF

Franklin FTSE Japan ETF

Often compared with EWQ:
EWQ vs. EWGEWQ vs. EPOLEWQ vs. EWIEWQ vs. EWLEWQ vs. FEZEWQ vs. EWOEWQ vs. EWN
Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR

Return for Risk

EWQ vs. FLJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWQ
EWQ Risk / Return Rank: 1818
Overall Rank
EWQ Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
EWQ Sortino Ratio Rank: 1818
Sortino Ratio Rank
EWQ Omega Ratio Rank: 1818
Omega Ratio Rank
EWQ Calmar Ratio Rank: 1818
Calmar Ratio Rank
EWQ Martin Ratio Rank: 1919
Martin Ratio Rank
FLJP
FLJP Risk / Return Rank: 5252
Overall Rank
FLJP Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 5252
Sortino Ratio Rank
FLJP Omega Ratio Rank: 5454
Omega Ratio Rank
FLJP Calmar Ratio Rank: 5252
Calmar Ratio Rank
FLJP Martin Ratio Rank: 5252
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.

EWQ vs. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France ETF (EWQ) 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.

EWQFLJPDifference
Sharpe ratioReturn per unit of total volatility
0.51
1.61

-1.10

Sortino ratioReturn per unit of downside risk
0.83
2.31

-1.47

Omega ratioGain probability vs. loss probability

1.10

1.30

-0.20

Calmar ratioReturn relative to maximum drawdown

0.64

2.32

-1.68

Martin ratioReturn relative to average drawdown

1.96

8.08

-6.12

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

EWQ vs. FLJP - Sharpe Ratio Comparison

The current EWQ Sharpe Ratio is 0.51, which is lower than the FLJP Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of EWQ 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.

Loading charts...

Sharpe Ratios by Period

EWQFLJPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.51

1.61

-1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.49

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.43

-0.16

Drawdowns

EWQ vs. FLJP - Drawdown Comparison

The maximum EWQ drawdown since its inception was -61.41%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for EWQ and FLJP.

Loading charts...

Drawdown Indicators

EWQFLJPDifference

Max Drawdown

Largest peak-to-trough decline

-61.41%

-32.49%

-28.92%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-13.30%

-0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-15.16%

-14.17%

-0.99%

Max Drawdown (5Y)

Largest decline over 5 years

-31.46%

-32.49%

+1.03%

Max Drawdown (10Y)

Largest decline over 10 years

-39.23%

—

—

Current Drawdown

Current decline from peak

-5.79%

-2.24%

-3.55%

Average Drawdown

Average peak-to-trough decline

-16.07%

-9.36%

-6.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.50%

3.81%

+0.69%

Volatility

EWQ vs. FLJP - Volatility Comparison

iShares MSCI France ETF (EWQ) has a higher volatility of 5.24% compared to Franklin FTSE Japan ETF (FLJP) at 4.73%. This indicates that EWQ'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.

Loading charts...

Volatility by Period

EWQFLJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

4.73%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

13.76%

15.09%

-1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

17.37%

19.21%

-1.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.81%

17.81%

+2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.82%

17.82%

+3.00%

EWQ vs. FLJP - Expense Ratio Comparison

EWQ has a 0.50% expense ratio, which is higher than FLJP's 0.09% expense ratio.

Dividends

EWQ vs. FLJP - Dividend Comparison

EWQ's dividend yield for the trailing twelve months is around 2.60%, less than FLJP's 4.52% yield.

PositionTTM20252024202320222021202020192018201720162015
EWQ
iShares MSCI France ETF		2.60%2.63%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%
FLJP
Franklin FTSE Japan ETF		4.52%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

EWQ and FLJP have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWQ has higher volatility (5.24%) compared to FLJP (4.73%). In terms of maximum drawdown, EWQ dropped -61.41% vs FLJP's -32.49%.

On 5-year performance, FLJP leads with 8.77% vs 6.16% for EWQ. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 4.73%. 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 8.77% return vs 6.16%. 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 0.50% for EWQ.

FLJP has the higher dividend yield at 4.52%, compared with 2.60% for EWQ.

EWQ is categorized as Europe Equities, while FLJP is Japan Equities. EWQ tracks MSCI France Index, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.50% for EWQ and 0.09% for FLJP.

FLJP currently has the higher Sharpe Ratio (1.61 vs 0.51), 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.

Portfolio Optimizer

Find the right allocation for EWQ and FLJP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer