FLJH vs. HEWJ
Compare and contrast key facts about Franklin FTSE Japan Hedged ETF (FLJH) and iShares Currency Hedged MSCI Japan ETF (HEWJ).
FLJH and HEWJ 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. HEWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both FLJH and HEWJ 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 HEWJ.
Key characteristics
| FLJH | HEWJ | |
|---|---|---|
| YTD Return | 23.22% | 22.67% |
| 1Y Return | 26.02% | 25.37% |
| 3Y Return (Ann) | 17.28% | 16.66% |
| 5Y Return (Ann) | 15.99% | 14.73% |
| Sharpe Ratio | 1.40 | 1.32 |
| Sortino Ratio | 1.81 | 1.72 |
| Omega Ratio | 1.27 | 1.25 |
| Calmar Ratio | 1.32 | 1.25 |
| Martin Ratio | 4.80 | 4.20 |
| Ulcer Index | 5.61% | 6.23% |
| Daily Std Dev | 19.31% | 19.83% |
| Max Drawdown | -31.36% | -31.53% |
| Current Drawdown | -5.41% | -6.63% |
Correlation
The correlation between FLJH and HEWJ is 0.86, 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. HEWJ - Performance Comparison
The year-to-date returns for both stocks are quite close, with FLJH having a 23.22% return and HEWJ slightly lower at 22.67%. 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. HEWJ - Expense Ratio Comparison
FLJH has a 0.09% expense ratio, which is lower than HEWJ's 0.49% expense ratio.
Risk-Adjusted Performance
FLJH vs. HEWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and iShares Currency Hedged MSCI Japan ETF (HEWJ). 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. HEWJ - Dividend Comparison
FLJH's dividend yield for the trailing twelve months is around 22.66%, more than HEWJ's 1.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 22.66% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% | 0.00% | 0.00% | 0.00% |
HEWJ iShares Currency Hedged MSCI Japan ETF | 1.90% | 2.03% | 47.67% | 2.03% | 1.20% | 2.78% | 1.37% | 1.21% | 1.88% | 3.25% | 2.15% |
Drawdowns
FLJH vs. HEWJ - Drawdown Comparison
The maximum FLJH drawdown since its inception was -31.36%, roughly equal to the maximum HEWJ drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for FLJH and HEWJ. For additional features, visit the drawdowns tool.
Volatility
FLJH vs. HEWJ - Volatility Comparison
Franklin FTSE Japan Hedged ETF (FLJH) and iShares Currency Hedged MSCI Japan ETF (HEWJ) have volatilities of 4.70% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.