FLJH vs. OARK
Compare and contrast key facts about Franklin FTSE Japan Hedged ETF (FLJH) and YieldMax Innovation Option Income Strategy ETF (OARK).
FLJH and OARK 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. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLJH or OARK.
Key characteristics
| FLJH | OARK | |
|---|---|---|
| YTD Return | 24.50% | 9.32% |
| 1Y Return | 25.87% | 33.34% |
| Sharpe Ratio | 1.41 | 1.33 |
| Sortino Ratio | 1.83 | 1.80 |
| Omega Ratio | 1.27 | 1.24 |
| Calmar Ratio | 1.34 | 1.59 |
| Martin Ratio | 4.87 | 4.09 |
| Ulcer Index | 5.61% | 8.62% |
| Daily Std Dev | 19.33% | 26.60% |
| Max Drawdown | -31.36% | -27.24% |
| Current Drawdown | -4.43% | 0.00% |
Correlation
The correlation between FLJH and OARK is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLJH vs. OARK - Performance Comparison
In the year-to-date period, FLJH achieves a 24.50% return, which is significantly higher than OARK's 9.32% 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. OARK - Expense Ratio Comparison
FLJH has a 0.09% expense ratio, which is lower than OARK's 0.99% expense ratio.
Risk-Adjusted Performance
FLJH vs. OARK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan Hedged ETF (FLJH) and YieldMax Innovation Option Income Strategy ETF (OARK). 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. OARK - Dividend Comparison
FLJH's dividend yield for the trailing twelve months is around 22.43%, less than OARK's 38.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 22.43% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% |
OARK YieldMax Innovation Option Income Strategy ETF | 38.66% | 45.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLJH vs. OARK - Drawdown Comparison
The maximum FLJH drawdown since its inception was -31.36%, which is greater than OARK's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for FLJH and OARK. For additional features, visit the drawdowns tool.
Volatility
FLJH vs. OARK - Volatility Comparison
The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 4.78%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 10.02%. This indicates that FLJH experiences smaller price fluctuations and is considered to be less risky than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.