FLJH vs. BLDG

Last updated Jun 4, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and BLDG (Cambria Global Real Estate ETF) are both exchange-traded funds - FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index, while BLDG is a REIT fund actively managed by Cambria. FLJH is passively managed, while BLDG is actively managed. Over the past 5 years, FLJH returned 20.80%/yr vs 2.24%/yr for BLDG. At a 0.42 correlation, their price movements are largely independent. FLJH charges 0.09%/yr vs 0.59%/yr for BLDG.

Performance

FLJH vs. BLDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) and Cambria Global Real Estate ETF (BLDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLJH achieves a 20.31% return, which is significantly higher than BLDG's 5.95% return.

FLJH

• 1D: 0.71%
• 1M: 8.59%
• YTD: 20.31%
• 6M: 18.71%
• 1Y: 46.83%
• 3Y*: 27.99%
• 5Y*: 20.80%
• 10Y*: —

BLDG

• 1D: -0.93%
• 1M: 0.12%
• YTD: 5.95%
• 6M: 5.25%
• 1Y: 10.27%
• 3Y*: 8.73%
• 5Y*: 2.24%
• 10Y*: —

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

FLJH vs. BLDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FLJH Franklin FTSE Japan Hedged ETF	20.31%	25.26%	25.89%	36.02%	-2.75%	12.68%	13.15%
BLDG Cambria Global Real Estate ETF	5.95%	4.26%	8.18%	1.76%	-14.66%	22.47%	15.37%

Correlation

The correlation between FLJH and BLDG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020	0.42

The correlation between FLJH and BLDG shifts across timeframes, from 0.31 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.

FLJH vs. BLDG - Sectors Allocation Comparison

Sectors	FLJH	BLDG
Industrials	26.6%	-
Technology	17.4%	-
Financial Services	15.9%	1.4%
Consumer Cyclical	12.8%	-
Communication Services	7.1%	-
Healthcare	5.9%	-
Basic Materials	4.3%	-
Consumer Defensive	4.2%	-
Real Estate	3.4%	98.6%
Utilities	1.3%	-
Energy	1.0%	-

Return for Risk

FLJH vs. BLDG — Risk / Return Rank

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

FLJH

FLJH Risk / Return Rank: 80
FLJH Sharpe Ratio Rank: 79
FLJH Sortino Ratio Rank: 79
FLJH Omega Ratio Rank: 79
FLJH Calmar Ratio Rank: 82
FLJH Martin Ratio Rank: 83

BLDG

BLDG Risk / Return Rank: 25
BLDG Sharpe Ratio Rank: 26
BLDG Sortino Ratio Rank: 25
BLDG Omega Ratio Rank: 24
BLDG Calmar Ratio Rank: 23
BLDG Martin Ratio Rank: 26

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.

FLJH vs. BLDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and Cambria Global Real Estate ETF (BLDG). 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.

	FLJH	BLDG	Difference
Sharpe ratio Return per unit of total volatility	2.62	0.93	+1.69
Sortino ratio Return per unit of downside risk	3.61	1.35	+2.26
Omega ratio Gain probability vs. loss probability	1.48	1.16	+0.32
Calmar ratio Return relative to maximum drawdown	4.36	1.02	+3.34
Martin ratio Return relative to average drawdown	17.09	3.60	+13.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLJH vs. BLDG - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 2.62, which is higher than the BLDG Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FLJH and BLDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLJH	BLDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	0.93	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.15	+0.98
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.45	+0.30

Drawdowns

FLJH vs. BLDG - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, which is greater than BLDG's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for FLJH and BLDG.

Drawdown Indicators

	FLJH	BLDG	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-27.25%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-10.08%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	-18.57%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-27.25%	+6.86%
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	-5.32%	-9.23%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.86%	-0.11%

Volatility

FLJH vs. BLDG - Volatility Comparison

Franklin FTSE Japan Hedged ETF (FLJH) and Cambria Global Real Estate ETF (BLDG) have volatilities of 3.45% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJH	BLDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.60%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	13.38%	8.23%	+5.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	11.07%	+6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	15.26%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	15.54%	+4.28%

FLJH vs. BLDG - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than BLDG's 0.59% expense ratio.

Dividends

FLJH vs. BLDG - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.24%, less than BLDG's 5.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLDG Cambria Global Real Estate ETF	5.72%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%	0.00%	0.00%	0.00%
FLJH Franklin FTSE Japan Hedged ETF	3.24%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%

Frequently Asked Questions

Can I hold both FLJH and BLDG in my portfolio?

FLJH and BLDG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJH or BLDG?

BLDG has higher volatility (3.60%) compared to FLJH (3.45%). In terms of maximum drawdown, FLJH dropped -31.51% vs BLDG's -27.25%.

Which ETF is better, FLJH or BLDG?

On 5-year performance, FLJH leads with 20.80% vs 2.24% for BLDG. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJH or BLDG?

Over the 5-year period, FLJH has performed better with a 20.80% return vs 2.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJH or BLDG?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.59% for BLDG.

Which ETF pays a higher dividend yield, FLJH or BLDG?

BLDG has the higher dividend yield at 5.72%, compared with 3.24% for FLJH.

What is the main difference between FLJH and BLDG?

FLJH is categorized as Japan Equities, while BLDG is REIT. They also come from different issuers: Franklin Templeton and Cambria. Their fees differ too: 0.09% for FLJH and 0.59% for BLDG.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.62 vs 0.93), 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.