FLJP vs. DBP
FLJP (Franklin FTSE Japan ETF) and DBP (Invesco DB Precious Metals Fund) are both exchange-traded funds - FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index, while DBP is a Precious Metals fund tracking the DBIQ Optimum Yield Precious Metals Index Excess Return. Both are passively managed. Over the past 5 years, FLJP returned 8.82%/yr vs 16.18%/yr for DBP. At a 0.21 correlation, their price movements are largely independent. FLJP charges 0.09%/yr vs 0.78%/yr for DBP.
Performance
FLJP vs. DBP - Performance Comparison
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Returns By Period
In the year-to-date period, FLJP achieves a 14.83% return, which is significantly higher than DBP's -3.82% return.
FLJP
- 1D
- 0.56%
- 1M
- 0.15%
- YTD
- 14.83%
- 6M
- 14.62%
- 1Y
- 31.78%
- 3Y*
- 16.94%
- 5Y*
- 8.82%
- 10Y*
- —
DBP
- 1D
- 0.09%
- 1M
- -11.93%
- YTD
- -3.82%
- 6M
- -0.66%
- 1Y
- 30.66%
- 3Y*
- 29.99%
- 5Y*
- 16.18%
- 10Y*
- 11.21%
FLJP vs. DBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLJP Franklin FTSE Japan ETF | 14.83% | 26.79% | 6.99% | 20.00% | -16.57% | 0.99% | 15.76% | 18.99% | -14.01% | 2.53% |
DBP Invesco DB Precious Metals Fund | -3.82% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -4.31% | 2.17% |
Correlation
The correlation between FLJP and DBP is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.21 |
The correlation between FLJP and DBP shifts across timeframes, from 0.21 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLJP vs. DBP — Risk / Return Rank
FLJP
DBP
FLJP vs. DBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan ETF (FLJP) and Invesco DB Precious Metals Fund (DBP). 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.
| FLJP | DBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.07 | +1.26 |
| Martin ratioReturn relative to average drawdown | 8.10 | 2.77 | +5.33 |
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Drawdowns
FLJP vs. DBP - Drawdown Comparison
The maximum FLJP drawdown since its inception was -32.49%, smaller than the maximum DBP drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for FLJP and DBP.
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Drawdown Indicators
| FLJP | DBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -53.89% | +21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -30.03% | +16.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -30.03% | +15.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.49% | -30.03% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.03% | — |
Current DrawdownCurrent decline from peak | -1.49% | -27.52% | +26.03% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -25.42% | +16.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 11.56% | -7.73% |
Volatility
FLJP vs. DBP - Volatility Comparison
The current volatility for Franklin FTSE Japan ETF (FLJP) is 5.62%, while Invesco DB Precious Metals Fund (DBP) has a volatility of 9.06%. This indicates that FLJP experiences smaller price fluctuations and is considered to be less risky than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLJP | DBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 9.06% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 30.70% | -15.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.47% | 33.35% | -13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 21.14% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 18.84% | -1.00% |
FLJP vs. DBP - Expense Ratio Comparison
FLJP has a 0.09% expense ratio, which is lower than DBP's 0.78% expense ratio.
Dividends
FLJP vs. DBP - Dividend Comparison
FLJP's dividend yield for the trailing twelve months is around 4.48%, more than DBP's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.53% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
FLJP Franklin FTSE Japan ETF | 4.48% | 5.15% | 4.56% | 3.00% | 1.92% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
Frequently Asked Questions
FLJP and DBP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBP has higher volatility (9.06%) compared to FLJP (5.62%). In terms of maximum drawdown, FLJP dropped -32.49% vs DBP's -53.89%.
On 5-year performance, DBP leads with 16.18% vs 8.82% for FLJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBP has performed better with a 16.18% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLJP is cheaper with a 0.09% expense ratio, compared with 0.78% for DBP.
FLJP has the higher dividend yield at 4.48%, compared with 2.53% for DBP.
FLJP is categorized as Japan Equities, while DBP is Precious Metals. FLJP tracks FTSE Japan RIC Capped Index, while DBP tracks DBIQ Optimum Yield Precious Metals Index Excess Return. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.09% for FLJP and 0.78% for DBP.
FLJP currently has the higher Sharpe Ratio (1.60 vs 0.96), 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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