FLJH vs. LIN
FLJH (Franklin FTSE Japan Hedged ETF) is Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index, while LIN (Linde plc) is a stock. Over the past 5 years, FLJH returned 20.54%/yr vs 13.98%/yr for LIN. At a 0.41 correlation, their price movements are largely independent.
Performance
FLJH vs. LIN - Performance Comparison
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Returns By Period
In the year-to-date period, FLJH achieves a 18.85% return, which is significantly lower than LIN'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*
- —
LIN
- 1D
- 1.58%
- 1M
- 3.78%
- YTD
- 23.59%
- 6M
- 26.61%
- 1Y
- 13.87%
- 3Y*
- 13.38%
- 5Y*
- 13.98%
- 10Y*
- —
FLJH vs. LIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 18.85% | 25.26% | 25.89% | 36.02% | -2.75% | 12.68% | 10.65% | 20.34% | -17.75% |
LIN Linde plc | 23.59% | 3.22% | 3.18% | 27.66% | -4.39% | 33.39% | 25.88% | 39.04% | -5.26% |
Correlation
The correlation between FLJH and LIN is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.41 |
Over the past year, the correlation between FLJH and LIN has dropped to 0.13 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
FLJH vs. LIN — Risk / Return Rank
FLJH
LIN
FLJH vs. LIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and Linde plc (LIN). 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 | LIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.13 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 0.67 | +3.53 |
| Martin ratioReturn relative to average drawdown | 16.28 | 1.89 | +14.39 |
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Drawdowns
FLJH vs. LIN - Drawdown Comparison
The maximum FLJH drawdown since its inception was -31.51%, roughly equal to the maximum LIN drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for FLJH and LIN.
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Drawdown Indicators
| FLJH | LIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.51% | -32.59% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -19.18% | +8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -19.18% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -22.82% | +2.43% |
Current DrawdownCurrent decline from peak | -1.30% | 0.00% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -5.41% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 6.79% | -4.01% |
Volatility
FLJH vs. LIN - Volatility Comparison
The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 5.20%, while Linde plc (LIN) has a volatility of 5.57%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than LIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLJH | LIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 5.57% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 13.53% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 17.24% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 20.79% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 24.08% | -4.24% |
Dividends
FLJH vs. LIN - Dividend Comparison
FLJH's dividend yield for the trailing twelve months is around 3.28%, more than LIN's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LIN Linde plc | 1.18% | 1.41% | 1.33% | 1.24% | 1.43% | 1.22% | 1.46% | 1.64% | 0.53% | 0.00% |
Frequently Asked Questions
FLJH and LIN have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIN has higher volatility (5.57%) compared to FLJH (5.20%). In terms of maximum drawdown, FLJH dropped -31.51% vs LIN's -32.59%.
FLJH currently has the higher Sharpe Ratio (2.46 vs 0.74), 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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