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FLJH vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLJH vs. EUFN

Last updated Jun 13, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and EUFN (iShares MSCI Europe Financials 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 EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index. Both are passively managed. Over the past 5 years, FLJH returned 20.54%/yr vs 18.43%/yr for EUFN. A 0.54 correlation means they provide meaningful diversification when combined. FLJH charges 0.09%/yr vs 0.48%/yr for EUFN.

Performance

FLJH vs. EUFN - Performance Comparison

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

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Returns By Period

In the year-to-date period, FLJH achieves a 18.85% return, which is significantly higher than EUFN's 4.75% return.

FLJH

1D
0.82%
1M
1.43%
YTD
18.85%
6M
15.00%
1Y
45.89%
3Y*
25.97%
5Y*
20.54%
10Y*
—

EUFN

1D
1.20%
1M
3.43%
YTD
4.75%
6M
9.10%
1Y
28.57%
3Y*
32.04%
5Y*
18.43%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLJH vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLJH
Franklin FTSE Japan Hedged ETF		18.85%25.26%25.89%36.02%-2.75%12.68%10.65%20.34%-14.66%1.26%
EUFN
iShares MSCI Europe Financials ETF		4.75%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%2.38%

Correlation

The correlation between FLJH and EUFN is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.54

The correlation between FLJH and EUFN has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

FLJH vs. EUFN - Sectors Allocation Comparison

Sectors
FLJH
EUFN

Industrials

26.6%
0.4%

Technology

17.4%
1.0%

Financial Services

15.9%
97.1%

Consumer Cyclical

12.8%
0.2%

Communication Services

7.1%

-

Healthcare

5.9%

-

Basic Materials

4.3%

-

Consumer Defensive

4.2%

-

Real Estate

3.4%

-

Utilities

1.3%

-

Energy

1.0%

-

Industrials

FLJH
26.6%
EUFN
0.4%

Technology

FLJH
17.4%
EUFN
1.0%

Financial Services

FLJH
15.9%
EUFN
97.1%

Consumer Cyclical

FLJH
12.8%
EUFN
0.2%

Communication Services

FLJH
7.1%
EUFN

-

Healthcare

FLJH
5.9%
EUFN

-

Basic Materials

FLJH
4.3%
EUFN

-

Consumer Defensive

FLJH
4.2%
EUFN

-

Real Estate

FLJH
3.4%
EUFN

-

Utilities

FLJH
1.3%
EUFN

-

Energy

FLJH
1.0%
EUFN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin FTSE Japan Hedged ETF

iShares MSCI Europe Financials ETF

Often compared with FLJH:
FLJH vs. FLJPFLJH vs. EWJVFLJH vs. HEWJFLJH vs. DBJPFLJH vs. EWJFLJH vs. SCHDFLJH vs. OARK
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. IEUREUFN vs. EIRL

Return for Risk

FLJH vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLJH
FLJH Risk / Return Rank: 8686
Overall Rank
FLJH Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FLJH Sortino Ratio Rank: 8686
Sortino Ratio Rank
FLJH Omega Ratio Rank: 8585
Omega Ratio Rank
FLJH Calmar Ratio Rank: 8686
Calmar Ratio Rank
FLJH Martin Ratio Rank: 8787
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 4242
Overall Rank
EUFN Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 4242
Sortino Ratio Rank
EUFN Omega Ratio Rank: 3939
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4141
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4444
Martin Ratio Rank
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. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and iShares MSCI Europe Financials ETF (EUFN). 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.

FLJHEUFNDifference
Sharpe ratioReturn per unit of total volatility
2.46
1.31

+1.15

Sortino ratioReturn per unit of downside risk
3.35
1.92

+1.43

Omega ratioGain probability vs. loss probability

1.45

1.23

+0.22

Calmar ratioReturn relative to maximum drawdown

4.20

1.79

+2.41

Martin ratioReturn relative to average drawdown

16.28

6.24

+10.04

FLJH vs. EUFN - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 2.46, which is higher than the EUFN Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FLJH and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLJH vs. EUFN - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for FLJH and EUFN.

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Drawdown Indicators

FLJHEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-31.51%

-53.25%

+21.74%

Max Drawdown (1Y)

Largest decline over 1 year

-10.80%

-14.77%

+3.97%

Max Drawdown (3Y)

Largest decline over 3 years

-20.39%

-15.95%

-4.44%

Max Drawdown (5Y)

Largest decline over 5 years

-20.39%

-35.15%

+14.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-1.30%

-0.10%

-1.20%

Average Drawdown

Average peak-to-trough decline

-5.30%

-14.53%

+9.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

4.23%

-1.45%

Volatility

FLJH vs. EUFN - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 5.20%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 6.96%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLJHEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.20%

6.96%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

14.09%

17.05%

-2.96%

Volatility (1Y)

Calculated over the trailing 1-year period

18.44%

20.17%

-1.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.61%

21.88%

-3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.84%

24.53%

-4.69%

FLJH vs. EUFN - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than EUFN's 0.48% expense ratio.

Dividends

FLJH vs. EUFN - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.28%, less than EUFN's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.41%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
FLJH
Franklin FTSE Japan Hedged ETF		3.28%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

FLJH and EUFN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.96%) compared to FLJH (5.20%). In terms of maximum drawdown, FLJH dropped -31.51% vs EUFN's -53.25%.

On 5-year performance, FLJH leads with 20.54% vs 18.43% for EUFN. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLJH has performed better with a 20.54% return vs 18.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLJH is cheaper with a 0.09% expense ratio, compared with 0.48% for EUFN.

EUFN has the higher dividend yield at 3.41%, compared with 3.28% for FLJH.

FLJH is categorized as Japan Equities, while EUFN is Financials Equities. FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index, while EUFN tracks MSCI Europe Financials Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLJH and 0.48% for EUFN.

FLJH currently has the higher Sharpe Ratio (2.46 vs 1.31), 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.

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