FKSAX vs. OPPJ
FKSAX (Franklin Core Plus Bond Fund Advisor Class) and OPPJ (WisdomTree Japan Opportunities ETF) are both funds - FKSAX is a Intermediate Core-Plus Bond fund actively managed by Franklin Templeton, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. FKSAX is actively managed, while OPPJ is passively managed. Over the past 10 years, FKSAX returned 2.52%/yr vs 17.38%/yr for OPPJ. Their 0.14 correlation means their historical movements had little consistent relationship. FKSAX charges 0.47%/yr vs 0.58%/yr for OPPJ.
Performance
FKSAX vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, FKSAX achieves a -0.37% return, which is significantly lower than OPPJ's 21.79% return. Over the past 10 years, FKSAX has underperformed OPPJ with an annualized return of 2.52%, while OPPJ has yielded a comparatively higher 17.38% annualized return.
FKSAX
- 1D
- -0.12%
- 1M
- -1.05%
- 6M
- -0.86%
- YTD
- -0.37%
- 1Y
- 2.20%
- 3Y*
- 4.50%
- 5Y*
- 1.24%
- 10Y*
- 2.52%
- ALL TIME*
- 4.79%
OPPJ
- 1D
- -1.46%
- 1M
- -1.94%
- 6M
- 10.68%
- YTD
- 21.79%
- 1Y
- 53.17%
- 3Y*
- 30.33%
- 5Y*
- 24.11%
- 10Y*
- 17.38%
- ALL TIME*
- 15.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.14M | $2.43M | $4.32M |
FKSAX vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | -0.37% | 6.16% | 3.53% | 8.10% | -10.38% | 2.38% | 3.63% | 8.54% | -1.63% | 4.76% |
OPPJ WisdomTree Japan Opportunities ETF | 21.79% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between FKSAX and OPPJ is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.14 |
The correlation between FKSAX and OPPJ shifts across timeframes, from 0.05 (3 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FKSAX vs. OPPJ — Risk / Return Rank
FKSAX
OPPJ
FKSAX vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Core Plus Bond Fund Advisor Class (FKSAX) and WisdomTree Japan Opportunities ETF (OPPJ). 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.
| FKSAX | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.42 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 5.48 | -4.46 |
| Martin ratioReturn relative to average drawdown | 2.59 | 15.58 | -12.99 |
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Drawdowns
FKSAX vs. OPPJ - Drawdown Comparison
The maximum FKSAX drawdown since its inception was -18.98%, smaller than the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for FKSAX and OPPJ.
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Drawdown Indicators
| FKSAX | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -39.30% | +20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -9.82% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -16.49% | +13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.58% | -16.49% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.50% | -39.30% | +21.80% |
Current DrawdownCurrent decline from peak | -2.27% | -7.58% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -6.48% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 3.45% | -2.27% |
Volatility
FKSAX vs. OPPJ - Volatility Comparison
The current volatility for Franklin Core Plus Bond Fund Advisor Class (FKSAX) is 1.06%, while WisdomTree Japan Opportunities ETF (OPPJ) has a volatility of 7.90%. This indicates that FKSAX experiences smaller price fluctuations and is considered to be less risky than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKSAX | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 7.90% | -6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 17.53% | -14.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 21.14% | -17.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 18.39% | -14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 19.62% | -15.49% |
FKSAX vs. OPPJ - Expense Ratio Comparison
FKSAX has a 0.47% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
FKSAX vs. OPPJ - Dividend Comparison
FKSAX's dividend yield for the trailing twelve months is around 4.21%, more than OPPJ's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | 4.21% | 3.54% | 4.98% | 4.38% | 4.62% | 3.87% | 4.17% | 4.71% | 4.57% | 2.50% | 2.72% | 5.07% |
OPPJ WisdomTree Japan Opportunities ETF | 1.15% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
FKSAX and OPPJ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (7.90%) compared to FKSAX (1.06%). In terms of maximum drawdown, FKSAX dropped -18.98% vs OPPJ's -39.30%.
OPPJ currently has the higher Sharpe Ratio (2.55 vs 0.84), 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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