FLJH vs. EWJV
Compare and contrast key facts about Franklin FTSE Japan Hedged ETF (FLJH) and iShares MSCI Japan Value ETF (EWJV).
FLJH and EWJV 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. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. Both FLJH and EWJV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLJH or EWJV.
Key characteristics
| FLJH | EWJV | |
|---|---|---|
| YTD Return | 18.80% | 8.74% |
| 1Y Return | 43.69% | 25.31% |
| 3Y Return (Ann) | 18.60% | 7.72% |
| 5Y Return (Ann) | 16.15% | 8.34% |
| Sharpe Ratio | 1.26 | 1.80 |
| Daily Std Dev | 36.81% | 15.22% |
| Max Drawdown | -31.50% | -30.05% |
| Current Drawdown | -5.17% | -5.11% |
Correlation
The correlation between FLJH and EWJV is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLJH vs. EWJV - Performance Comparison
In the year-to-date period, FLJH achieves a 18.80% return, which is significantly higher than EWJV's 8.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLJH vs. EWJV - Expense Ratio Comparison
FLJH has a 0.09% expense ratio, which is lower than EWJV's 0.15% 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%.
Risk-Adjusted Performance
FLJH vs. EWJV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and iShares MSCI Japan Value ETF (EWJV). 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.
Dividends
FLJH vs. EWJV - Dividend Comparison
FLJH's dividend yield for the trailing twelve months is around 21.54%, more than EWJV's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 21.54% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% |
EWJV iShares MSCI Japan Value ETF | 3.05% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% |
Drawdowns
FLJH vs. EWJV - Drawdown Comparison
The maximum FLJH drawdown since its inception was -31.50%, roughly equal to the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for FLJH and EWJV. For additional features, visit the drawdowns tool.
Volatility
FLJH vs. EWJV - Volatility Comparison
Franklin FTSE Japan Hedged ETF (FLJH) has a higher volatility of 4.49% compared to iShares MSCI Japan Value ETF (EWJV) at 4.27%. This indicates that FLJH's price experiences larger fluctuations and is considered to be riskier than EWJV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.