EZJ vs. FLJP
Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and Franklin FTSE Japan ETF (FLJP).
EZJ and FLJP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZJ is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (200%). It was launched on Jun 2, 2009. 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 EZJ 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: EZJ or FLJP.
Key characteristics
| EZJ | FLJP | |
|---|---|---|
| YTD Return | 9.78% | 9.92% |
| 1Y Return | 28.31% | 19.84% |
| 3Y Return (Ann) | -6.14% | 2.01% |
| 5Y Return (Ann) | 1.10% | 5.25% |
| Sharpe Ratio | 0.69 | 1.07 |
| Sortino Ratio | 1.11 | 1.50 |
| Omega Ratio | 1.14 | 1.19 |
| Calmar Ratio | 0.57 | 1.11 |
| Martin Ratio | 2.78 | 4.85 |
| Ulcer Index | 8.74% | 3.69% |
| Daily Std Dev | 35.20% | 16.80% |
| Max Drawdown | -58.63% | -32.49% |
| Current Drawdown | -26.64% | -4.26% |
Correlation
The correlation between EZJ and FLJP is 0.93, 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
EZJ vs. FLJP - Performance Comparison
The year-to-date returns for both investments are quite close, with EZJ having a 9.78% return and FLJP slightly higher at 9.92%. 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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EZJ vs. FLJP - Expense Ratio Comparison
EZJ has a 0.95% expense ratio, which is higher than FLJP's 0.09% expense ratio.
Risk-Adjusted Performance
EZJ vs. FLJP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) 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
EZJ vs. FLJP - Dividend Comparison
EZJ's dividend yield for the trailing twelve months is around 1.79%, less than FLJP's 5.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
EZJ ProShares Ultra MSCI Japan | 1.79% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% | 0.00% |
FLJP Franklin FTSE Japan ETF | 5.07% | 3.00% | 1.91% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
Drawdowns
EZJ vs. FLJP - Drawdown Comparison
The maximum EZJ drawdown since its inception was -58.63%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for EZJ and FLJP. For additional features, visit the drawdowns tool.
Volatility
EZJ vs. FLJP - Volatility Comparison
ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 9.05% compared to Franklin FTSE Japan ETF (FLJP) at 4.44%. This indicates that EZJ'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.