FLJH vs. DIEM

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin FTSE Japan Hedged ETF (FLJH) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM).

FLJH and DIEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DIEM is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index. It was launched on Jun 1, 2016. Both FLJH and DIEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FLJH vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

FLJH vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	6.40%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-14.66%	1.26%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	5.34%	30.81%	12.29%	15.41%	-20.61%	6.92%	1.27%	12.23%	-11.29%	2.92%

Returns By Period

In the year-to-date period, FLJH achieves a 6.40% return, which is significantly higher than DIEM's 5.34% return.

FLJH

• 1D: 2.17%
• 1M: -7.04%
• YTD: 6.40%
• 6M: 13.61%
• 1Y: 35.61%
• 3Y*: 27.63%
• 5Y*: 17.84%
• 10Y*: —

DIEM

• 1D: 3.69%
• 1M: -8.22%
• YTD: 5.34%
• 6M: 11.28%
• 1Y: 34.56%
• 3Y*: 19.05%
• 5Y*: 7.59%
• 10Y*: —

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

FLJH vs. DIEM - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than DIEM's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

DIEM

Franklin Emerging Market Core Dividend Tilt Index ETF

FLJH

Franklin FTSE Japan Hedged ETF

Return for Risk

FLJH vs. DIEM — Risk / Return Rank

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

FLJH

FLJH Risk / Return Rank: 86
FLJH Sharpe Ratio Rank: 83
FLJH Sortino Ratio Rank: 84
FLJH Omega Ratio Rank: 84
FLJH Calmar Ratio Rank: 89
FLJH Martin Ratio Rank: 89

DIEM

DIEM Risk / Return Rank: 89
DIEM Sharpe Ratio Rank: 88
DIEM Sortino Ratio Rank: 89
DIEM Omega Ratio Rank: 90
DIEM Calmar Ratio Rank: 88
DIEM Martin Ratio Rank: 89

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. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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	DIEM	Difference
Sharpe ratio Return per unit of total volatility	1.56	1.88	-0.32
Sortino ratio Return per unit of downside risk	2.18	2.51	-0.33
Omega ratio Gain probability vs. loss probability	1.32	1.38	-0.06
Calmar ratio Return relative to maximum drawdown	2.83	2.79	+0.03
Martin ratio Return relative to average drawdown	10.73	11.28	-0.54
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. DIEM - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 1.56, which is comparable to the DIEM Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of FLJH and DIEM, 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

	FLJH	DIEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.88	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.47	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.42	+0.26

Correlation

The correlation between FLJH and DIEM is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FLJH vs. DIEM - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.67%, more than DIEM's 2.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLJH Franklin FTSE Japan Hedged ETF	3.67%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%	0.00%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.90%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%

Drawdowns

FLJH vs. DIEM - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for FLJH and DIEM.

Drawdown Indicators

	FLJH	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-38.61%	+7.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-12.33%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-33.34%	+12.95%
Current Drawdown Current decline from peak	-7.52%	-9.09%	+1.57%
Average Drawdown Average peak-to-trough decline	-5.39%	-9.86%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	3.05%	+0.18%

Volatility

FLJH vs. DIEM - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 8.09%, while Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a volatility of 9.47%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJH	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.47%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	13.43%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	22.87%	18.43%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	16.38%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	17.41%	+2.47%