FLCB vs. FLJH

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin U.S. Core Bond ETF (FLCB) and Franklin FTSE Japan Hedged ETF (FLJH).

FLCB and FLJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCB is an actively managed fund by Franklin Templeton. It was launched on Sep 19, 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.

Performance

FLCB vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Bond ETF (FLCB) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

FLCB vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLCB Franklin U.S. Core Bond ETF	0.08%	6.95%	1.59%	5.72%	-13.54%	-1.73%	7.66%	0.75%
FLJH Franklin FTSE Japan Hedged ETF	9.29%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	6.61%

Returns By Period

In the year-to-date period, FLCB achieves a 0.08% return, which is significantly lower than FLJH's 9.29% return.

FLCB

• 1D: 0.03%
• 1M: -1.39%
• YTD: 0.08%
• 6M: 0.76%
• 1Y: 4.00%
• 3Y*: 3.67%
• 5Y*: 0.11%
• 10Y*: —

FLJH

• 1D: 2.72%
• 1M: -2.83%
• YTD: 9.29%
• 6M: 17.51%
• 1Y: 40.53%
• 3Y*: 28.77%
• 5Y*: 18.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLCB vs. FLJH - Expense Ratio Comparison

FLCB 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%.

FLCB

Franklin U.S. Core Bond ETF

FLJH

Franklin FTSE Japan Hedged ETF

Return for Risk

FLCB vs. FLJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCB

FLCB Risk / Return Rank: 48
FLCB Sharpe Ratio Rank: 49
FLCB Sortino Ratio Rank: 45
FLCB Omega Ratio Rank: 39
FLCB Calmar Ratio Rank: 61
FLCB Martin Ratio Rank: 45

FLJH

FLJH Risk / Return Rank: 88
FLJH Sharpe Ratio Rank: 85
FLJH Sortino Ratio Rank: 87
FLJH Omega Ratio Rank: 87
FLJH Calmar Ratio Rank: 91
FLJH Martin Ratio Rank: 90

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.

FLCB vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Bond ETF (FLCB) 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.

	FLCB	FLJH	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.77	-0.84
Sortino ratio Return per unit of downside risk	1.32	2.43	-1.10
Omega ratio Gain probability vs. loss probability	1.17	1.36	-0.20
Calmar ratio Return relative to maximum drawdown	1.66	3.32	-1.66
Martin ratio Return relative to average drawdown	4.63	12.34	-7.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCB vs. FLJH - Sharpe Ratio Comparison

The current FLCB Sharpe Ratio is 0.93, which is lower than the FLJH Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FLCB and FLJH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLCB	FLJH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.77	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	1.00	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.69	-0.53

Correlation

The correlation between FLCB and FLJH is -0.09. 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.

Dividends

FLCB vs. FLJH - Dividend Comparison

FLCB's dividend yield for the trailing twelve months is around 4.23%, more than FLJH's 3.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCB Franklin U.S. Core Bond ETF	4.23%	4.19%	4.10%	3.40%	2.73%	2.28%	3.24%	0.73%	0.00%	0.00%
FLJH Franklin FTSE Japan Hedged ETF	3.57%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%

Drawdowns

FLCB vs. FLJH - Drawdown Comparison

The maximum FLCB drawdown since its inception was -18.82%, smaller than the maximum FLJH drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for FLCB and FLJH.

Drawdown Indicators

	FLCB	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-18.82%	-31.51%	+12.69%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-11.83%	+9.26%
Max Drawdown (5Y) Largest decline over 5 years	-18.48%	-20.39%	+1.91%
Current Drawdown Current decline from peak	-2.54%	-5.01%	+2.47%
Average Drawdown Average peak-to-trough decline	-6.74%	-5.39%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	3.19%	-2.26%

Volatility

FLCB vs. FLJH - Volatility Comparison

The current volatility for Franklin U.S. Core Bond ETF (FLCB) is 1.71%, while Franklin FTSE Japan Hedged ETF (FLJH) has a volatility of 7.76%. This indicates that FLCB experiences smaller price fluctuations and is considered to be less risky than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLCB	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	7.76%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	14.50%	-11.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	23.00%	-18.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	18.50%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.54%	19.90%	-14.36%