FLJH vs. DBJP

Last updated Jun 6, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both Japan Equities funds - FLJH tracks the FTSE Japan RIC Capped Hedged to USD Net Tax Index while DBJP tracks the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 5 years, FLJH returned 20.07%/yr vs 20.66%/yr for DBJP. Their correlation of 0.91 suggests significant overlap in exposure. FLJH charges 0.09%/yr vs 0.45%/yr for DBJP.

Performance

FLJH vs. DBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FLJH having a 16.70% return and DBJP slightly lower at 16.67%.

FLJH

• 1D: -3.09%
• 1M: 1.81%
• YTD: 16.70%
• 6M: 13.91%
• 1Y: 43.98%
• 3Y*: 26.00%
• 5Y*: 20.07%
• 10Y*: —

DBJP

• 1D: -3.50%
• 1M: 1.64%
• YTD: 16.67%
• 6M: 18.37%
• 1Y: 49.57%
• 3Y*: 26.98%
• 5Y*: 20.66%
• 10Y*: 15.87%

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

FLJH vs. DBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	16.70%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-14.66%	1.26%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	16.67%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	1.14%

Correlation

The correlation between FLJH and DBJP is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.91

The correlation between FLJH and DBJP has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

FLJH vs. DBJP - Sectors Allocation Comparison

Sectors	FLJH	DBJP
Industrials	26.6%	26.0%
Technology	17.4%	19.1%
Financial Services	15.9%	17.5%
Consumer Cyclical	12.8%	12.2%
Communication Services	7.1%	7.9%
Healthcare	5.9%	6.3%
Basic Materials	4.3%	3.0%
Consumer Defensive	4.2%	3.6%
Real Estate	3.4%	2.3%
Utilities	1.3%	1.1%
Energy	1.0%	1.1%

Return for Risk

FLJH vs. DBJP — Risk / Return Rank

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

FLJH

FLJH Risk / Return Rank: 79
FLJH Sharpe Ratio Rank: 77
FLJH Sortino Ratio Rank: 77
FLJH Omega Ratio Rank: 78
FLJH Calmar Ratio Rank: 81
FLJH Martin Ratio Rank: 82

DBJP

DBJP Risk / Return Rank: 84
DBJP Sharpe Ratio Rank: 83
DBJP Sortino Ratio Rank: 82
DBJP Omega Ratio Rank: 81
DBJP Calmar Ratio Rank: 87
DBJP Martin Ratio Rank: 88

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. DBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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	DBJP	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.62	-0.20
Sortino ratio: Return per unit of downside risk	3.32	3.56	-0.24
Omega ratio: Gain probability vs. loss probability	1.45	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	4.09	4.79	-0.70
Martin ratio: Return relative to average drawdown	16.01	18.63	-2.62
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. DBJP - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 2.42, which is comparable to the DBJP Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of FLJH and DBJP, 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	DBJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.62	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	1.09	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.67	+0.06

Drawdowns

FLJH vs. DBJP - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, roughly equal to the maximum DBJP drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for FLJH and DBJP.

Drawdown Indicators

	FLJH	DBJP	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-31.30%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-10.39%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	-21.50%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-21.50%	+1.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.30%	—
Current Drawdown Current decline from peak	-3.09%	-3.50%	+0.41%
Average Drawdown Average peak-to-trough decline	-5.31%	-7.29%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.67%	+0.09%

Volatility

FLJH vs. DBJP - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 4.39%, while Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a volatility of 4.97%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJH	DBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.97%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	14.27%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	19.02%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	18.99%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	19.48%	+0.36%

FLJH vs. DBJP - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than DBJP's 0.45% expense ratio.

Dividends

FLJH vs. DBJP - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.34%, more than DBJP's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.41%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
FLJH Franklin FTSE Japan Hedged ETF	3.34%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLJH and DBJP in my portfolio?

With a correlation of 0.95, FLJH and DBJP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FLJH or DBJP?

DBJP has higher volatility (4.97%) compared to FLJH (4.39%). In terms of maximum drawdown, FLJH dropped -31.51% vs DBJP's -31.30%.

Which ETF is better, FLJH or DBJP?

On 5-year performance, DBJP leads with 20.66% vs 20.07% for FLJH. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJH or DBJP?

Over the 5-year period, DBJP has performed better with a 20.66% return vs 20.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJH or DBJP?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.45% for DBJP.

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

FLJH has the higher dividend yield at 3.34%, compared with 2.41% for DBJP.

What is the main difference between FLJH and DBJP?

FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: Franklin Templeton and Xtrackers. Their fees differ too: 0.09% for FLJH and 0.45% for DBJP.

Which has better risk-adjusted returns?

DBJP currently has the higher Sharpe Ratio (2.62 vs 2.42), 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.