FLJH vs. DXJS

Last updated Aug 4, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and DXJS (WisdomTree Japan Hedged SmallCap Equity Fund) are both Japan Equities funds - FLJH tracks the FTSE Japan RIC Capped Hedged to USD Net Tax Index while DXJS tracks the WisdomTree Japan Hedged SmallCap Equity Index. Both are passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FLJH charges 0.09%/yr vs 0.58%/yr for DXJS.

Performance

FLJH vs. DXJS - Performance Comparison

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

Returns By Period

FLJH

• 1D: -0.29%
• 1M: -2.85%
• 6M: 11.67%
• YTD: 17.59%
• 1Y: 37.64%
• 3Y*: 25.95%
• 5Y*: 20.83%
• 10Y*: —
• ALL TIME*: 14.16%

DXJS

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLJH Franklin FTSE Japan Hedged ETF	$3.00M	$2.06M	$1.54M

FLJH vs. DXJS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	17.59%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-14.66%	1.26%
DXJS WisdomTree Japan Hedged SmallCap Equity Fund	23.30%	37.08%	20.70%	38.96%	5.02%	11.66%	-3.22%	18.24%	-18.69%	2.78%

Correlation

The correlation between FLJH and DXJS is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.76

The correlation between FLJH and DXJS has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

FLJH vs. DXJS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLJH

FLJH Risk / Return Rank: 83
FLJH Sharpe Ratio Rank: 83
FLJH Sortino Ratio Rank: 80
FLJH Omega Ratio Rank: 82
FLJH Calmar Ratio Rank: 87
FLJH Martin Ratio Rank: 85

DXJS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLJH vs. DXJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and WisdomTree Japan Hedged SmallCap Equity Fund (DXJS). 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.

	FLJH	DXJS	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.66	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.50	—	—
Martin ratio: Return relative to average drawdown	12.36	—	—

Drawdowns

Drawdown Indicators

	FLJH	DXJS	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	—	—
Current Drawdown Current decline from peak	-6.15%	—	—
Average Drawdown Average peak-to-trough decline	-5.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	FLJH	DXJS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.14%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	—	—

FLJH vs. DXJS - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than DXJS's 0.58% expense ratio.

Dividends

FLJH vs. DXJS - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 2.56%, while DXJS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJS WisdomTree Japan Hedged SmallCap Equity Fund	0.53%	1.78%	4.02%	2.71%	2.63%	2.96%	3.04%	2.17%	2.06%	1.53%	1.66%	3.61%
FLJH Franklin FTSE Japan Hedged ETF	2.56%	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 DXJS in my portfolio?

FLJH and DXJS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLJH or DXJS?

On fees, FLJH is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLJH or DXJS?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.58% for DXJS.

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

FLJH has the higher dividend yield at 2.56%, compared with 0.53% for DXJS.

What is the main difference between FLJH and DXJS?

FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index, while DXJS tracks WisdomTree Japan Hedged SmallCap Equity Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.09% for FLJH and 0.58% for DXJS.