FLJH vs. OARK

Last updated Apr 2, 2026

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.

Performance

FLJH vs. OARK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan Hedged ETF (FLJH) and YieldMax Innovation Option Income Strategy ETF (OARK). The values are adjusted to include any dividend payments, if applicable.

FLJH vs. OARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLJH Franklin FTSE Japan Hedged ETF	9.29%	25.26%	25.89%	36.02%	-7.11%
OARK YieldMax Innovation Option Income Strategy ETF	-6.86%	20.37%	7.32%	20.12%	-9.11%

Returns By Period

In the year-to-date period, FLJH achieves a 9.29% return, which is significantly higher than OARK's -6.86% return.

FLJH

• 1D: 2.72%
• 1M: -2.83%
• YTD: 9.29%
• 6M: 17.51%
• 1Y: 40.53%
• 3Y*: 28.77%
• 5Y*: 18.48%
• 10Y*: —

OARK

• 1D: 1.06%
• 1M: -4.07%
• YTD: -6.86%
• 6M: -13.09%
• 1Y: 32.55%
• 3Y*: 11.19%
• 5Y*: —
• 10Y*: —

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

FLJH vs. OARK - Expense Ratio Comparison

FLJH has a 0.09% expense ratio, which is lower than OARK's 0.99% expense ratio.

OARK

YieldMax Innovation Option Income Strategy ETF

FLJH

Franklin FTSE Japan Hedged ETF

Return for Risk

FLJH vs. OARK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLJH

FLJH Risk / Return Rank: 88
FLJH Sharpe Ratio Rank: 85
FLJH Sortino Ratio Rank: 87
FLJH Omega Ratio Rank: 87
FLJH Calmar Ratio Rank: 91
FLJH Martin Ratio Rank: 90

OARK

OARK Risk / Return Rank: 50
OARK Sharpe Ratio Rank: 53
OARK Sortino Ratio Rank: 56
OARK Omega Ratio Rank: 48
OARK Calmar Ratio Rank: 54
OARK Martin Ratio Rank: 38

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. OARK - Risk-Adjusted Trends 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.

	FLJH	OARK	Difference
Sharpe ratio Return per unit of total volatility	1.77	0.99	+0.78
Sortino ratio Return per unit of downside risk	2.43	1.50	+0.93
Omega ratio Gain probability vs. loss probability	1.36	1.19	+0.17
Calmar ratio Return relative to maximum drawdown	3.32	1.45	+1.87
Martin ratio Return relative to average drawdown	12.34	3.71	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLJH vs. OARK - Sharpe Ratio Comparison

The current FLJH Sharpe Ratio is 1.77, which is higher than the OARK Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FLJH and OARK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLJH	OARK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.99	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.27	+0.42

Correlation

The correlation between FLJH and OARK is 0.40, 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.

Dividends

FLJH vs. OARK - Dividend Comparison

FLJH's dividend yield for the trailing twelve months is around 3.57%, less than OARK's 65.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	3.57%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%
OARK YieldMax Innovation Option Income Strategy ETF	65.84%	61.86%	47.86%	45.03%	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 -31.51%, smaller than the maximum OARK drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for FLJH and OARK.

Drawdown Indicators

	FLJH	OARK	Difference
Max Drawdown Largest peak-to-trough decline	-31.51%	-35.48%	+3.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-23.26%	+11.43%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	—	—
Current Drawdown Current decline from peak	-5.01%	-18.14%	+13.13%
Average Drawdown Average peak-to-trough decline	-5.39%	-10.65%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	9.11%	-5.92%

Volatility

FLJH vs. OARK - Volatility Comparison

The current volatility for Franklin FTSE Japan Hedged ETF (FLJH) is 7.76%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 10.21%. 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.

Volatility by Period

	FLJH	OARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	10.21%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	22.13%	-7.63%
Volatility (1Y) Calculated over the trailing 1-year period	23.00%	32.96%	-9.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.50%	31.12%	-12.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	31.12%	-11.22%