FLJH vs. GRID

Last updated Jun 14, 2026

FLJH (Franklin FTSE Japan Hedged ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 5 years, FLJH returned 20.54%/yr vs 16.83%/yr for GRID. A 0.59 correlation means they provide meaningful diversification when combined. FLJH charges 0.09%/yr vs 0.70%/yr for GRID.

Performance

FLJH vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLJH achieves a 18.85% return, which is significantly lower than GRID's 23.59% return.

FLJH

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

GRID

• 1D: -0.18%
• 1M: -4.22%
• YTD: 23.59%
• 6M: 24.02%
• 1Y: 43.17%
• 3Y*: 23.21%
• 5Y*: 16.83%
• 10Y*: 19.76%

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

FLJH vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.59%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	2.12%

Correlation

The correlation between FLJH and GRID is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.59

The correlation between FLJH and GRID has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

FLJH vs. GRID - Sectors Allocation Comparison

Sectors	FLJH	GRID
Industrials	25.2%	24.4%
Technology	19.4%	12.6%
Financial Services	15.8%	-
Consumer Cyclical	12.7%	2.4%
Communication Services	8.0%	-
Healthcare	5.5%	-
Basic Materials	4.4%	0.0%
Consumer Defensive	4.0%	-
Real Estate	3.0%	-
Utilities	1.2%	3.9%
Energy	0.9%	1.6%

Return for Risk

FLJH vs. GRID — 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: 87
FLJH Sortino Ratio Rank: 86
FLJH Omega Ratio Rank: 85
FLJH Calmar Ratio Rank: 86
FLJH Martin Ratio Rank: 87

GRID

GRID Risk / Return Rank: 73
GRID Sharpe Ratio Rank: 72
GRID Sortino Ratio Rank: 69
GRID Omega Ratio Rank: 69
GRID Calmar Ratio Rank: 79
GRID Martin Ratio Rank: 78

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. GRID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.02	+0.43
Sortino ratio: Return per unit of downside risk	3.35	2.70	+0.66
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	4.20	3.57	+0.62
Martin ratio: Return relative to average drawdown	16.28	12.89	+3.38

FLJH vs. GRID - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 2.46, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FLJH and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLJH vs. GRID - Drawdown Comparison

The maximum FLJH drawdown since its inception was -31.51%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for FLJH and GRID.

Drawdown Indicators

	FLJH	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-40.56%	+9.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	-11.73%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-20.39%	-20.77%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-29.64%	+9.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.56%	—
Current Drawdown Current decline from peak	-1.30%	-5.40%	+4.10%
Average Drawdown Average peak-to-trough decline	-5.30%	-8.42%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.25%	-0.47%

Volatility

FLJH vs. GRID - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 5.20%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJH	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	9.56%	-4.36%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	17.70%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	20.73%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	21.24%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	22.90%	-3.06%

FLJH vs. GRID - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

FLJH vs. GRID - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.28%, more than GRID's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.80%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%

Frequently Asked Questions

Can I hold both FLJH and GRID in my portfolio?

FLJH and GRID have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJH or GRID?

GRID has higher volatility (9.56%) compared to FLJH (5.20%). In terms of maximum drawdown, FLJH dropped -31.51% vs GRID's -40.56%.

Which ETF is better, FLJH or GRID?

On 5-year performance, FLJH leads with 20.54% vs 16.83% for GRID. 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.

Which ETF has performed better, FLJH or GRID?

Over the 5-year period, FLJH has performed better with a 20.54% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJH or GRID?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.70% for GRID.

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

FLJH has the higher dividend yield at 3.28%, compared with 0.80% for GRID.

What is the main difference between FLJH and GRID?

FLJH is categorized as Japan Equities, while GRID is Alternative Energy Equities. FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.09% for FLJH and 0.70% for GRID.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.46 vs 2.02), 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.