EWV vs. FLJP
Compare and contrast key facts about ProShares UltraShort MSCI Japan (EWV) and Franklin FTSE Japan ETF (FLJP).
EWV and FLJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWV is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (-200%). It was launched on Nov 6, 2007. FLJP is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Index. It was launched on Nov 2, 2017. Both EWV and FLJP 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: EWV or FLJP.
Key characteristics
| EWV | FLJP | |
|---|---|---|
| YTD Return | -16.07% | 8.96% |
| 1Y Return | -28.06% | 18.20% |
| 3Y Return (Ann) | -5.77% | 1.93% |
| 5Y Return (Ann) | -15.16% | 5.06% |
| Sharpe Ratio | -0.84 | 1.12 |
| Sortino Ratio | -1.19 | 1.57 |
| Omega Ratio | 0.87 | 1.20 |
| Calmar Ratio | -0.29 | 1.19 |
| Martin Ratio | -1.19 | 5.07 |
| Ulcer Index | 24.08% | 3.71% |
| Daily Std Dev | 33.91% | 16.74% |
| Max Drawdown | -98.37% | -32.49% |
| Current Drawdown | -98.20% | -5.10% |
Correlation
The correlation between EWV and FLJP is -0.96. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EWV vs. FLJP - Performance Comparison
In the year-to-date period, EWV achieves a -16.07% return, which is significantly lower than FLJP's 8.96% 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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EWV vs. FLJP - Expense Ratio Comparison
EWV has a 0.95% expense ratio, which is higher than FLJP's 0.09% expense ratio.
Risk-Adjusted Performance
EWV vs. FLJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) 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.
Dividends
EWV vs. FLJP - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 1.89%, less than FLJP's 5.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 1.89% | 2.99% | 0.06% | 0.00% | 0.00% | 0.20% | 0.00% | 0.00% |
FLJP Franklin FTSE Japan ETF | 5.12% | 3.00% | 1.91% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
Drawdowns
EWV vs. FLJP - Drawdown Comparison
The maximum EWV drawdown since its inception was -98.37%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for EWV and FLJP. For additional features, visit the drawdowns tool.
Volatility
EWV vs. FLJP - Volatility Comparison
ProShares UltraShort MSCI Japan (EWV) has a higher volatility of 9.30% compared to Franklin FTSE Japan ETF (FLJP) at 4.51%. This indicates that EWV'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.