PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FLJP vs. EWQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLJP vs. EWQ

Last updated Jul 21, 2026
Documentation

FLJP (Franklin FTSE Japan ETF) and EWQ (iShares MSCI France ETF) are both exchange-traded funds - FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index, while EWQ is a Europe Equities fund tracking the MSCI France Index. Both are passively managed. Over the past 5 years, FLJP returned 8.88%/yr vs 7.21%/yr for EWQ. A 0.66 correlation means they provide meaningful diversification when combined. FLJP charges 0.09%/yr vs 0.50%/yr for EWQ.

Performance

FLJP vs. EWQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Japan ETF (FLJP) and iShares MSCI France ETF (EWQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FLJP achieves a 12.75% return, which is significantly higher than EWQ's 1.82% return.

FLJP

1D
0.13%
1M
-5.35%
6M
6.54%
YTD
12.75%
1Y
31.34%
3Y*
16.85%
5Y*
8.88%
10Y*
—
ALL TIME*
7.51%

EWQ

1D
-0.89%
1M
-2.34%
6M
1.14%
YTD
1.82%
1Y
7.27%
3Y*
7.39%
5Y*
7.21%
10Y*
9.66%
ALL TIME*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLJP vs. EWQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLJP
Franklin FTSE Japan ETF		12.75%26.79%6.99%20.00%-16.57%0.99%15.76%18.99%-14.01%2.53%
EWQ
iShares MSCI France ETF		1.82%28.90%-5.63%21.71%-12.05%21.43%2.86%26.69%-12.90%-0.11%

Correlation

The correlation between FLJP and EWQ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.66

The correlation between FLJP and EWQ has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.

FLJP vs. EWQ - Sectors Allocation Comparison

Sectors
FLJP
EWQ

Industrials

24.4%
33.1%

Technology

22.0%
4.0%

Financial Services

17.6%
13.4%

Consumer Cyclical

11.9%
11.4%

Healthcare

5.7%
8.5%

Communication Services

4.8%
2.8%

Basic Materials

4.7%
7.1%

Consumer Defensive

4.0%
8.5%

Real Estate

2.9%
1.3%

Utilities

1.2%
2.6%

Energy

0.8%
7.2%

Industrials

FLJP
24.4%
EWQ
33.1%

Technology

FLJP
22.0%
EWQ
4.0%

Financial Services

FLJP
17.6%
EWQ
13.4%

Consumer Cyclical

FLJP
11.9%
EWQ
11.4%

Healthcare

FLJP
5.7%
EWQ
8.5%

Communication Services

FLJP
4.8%
EWQ
2.8%

Basic Materials

FLJP
4.7%
EWQ
7.1%

Consumer Defensive

FLJP
4.0%
EWQ
8.5%

Real Estate

FLJP
2.9%
EWQ
1.3%

Utilities

FLJP
1.2%
EWQ
2.6%

Energy

FLJP
0.8%
EWQ
7.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin FTSE Japan ETF

iShares MSCI France ETF

Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR
Often compared with EWQ:
EWQ vs. EWGEWQ vs. EPOLEWQ vs. EWIEWQ vs. EWLEWQ vs. FEZEWQ vs. EWOEWQ vs. EWN

Return for Risk

FLJP vs. EWQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLJP
FLJP Risk / Return Rank: 6464
Overall Rank
FLJP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 6363
Sortino Ratio Rank
FLJP Omega Ratio Rank: 6666
Omega Ratio Rank
FLJP Calmar Ratio Rank: 6464
Calmar Ratio Rank
FLJP Martin Ratio Rank: 6363
Martin Ratio Rank
EWQ
EWQ Risk / Return Rank: 1818
Overall Rank
EWQ Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
EWQ Sortino Ratio Rank: 1818
Sortino Ratio Rank
EWQ Omega Ratio Rank: 1818
Omega Ratio Rank
EWQ Calmar Ratio Rank: 1818
Calmar Ratio Rank
EWQ Martin Ratio Rank: 2020
Martin Ratio Rank
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.

FLJP vs. EWQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan ETF (FLJP) and iShares MSCI France ETF (EWQ). 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.

FLJPEWQDifference
Sharpe ratioReturn per unit of total volatility
1.57
0.41

+1.16

Sortino ratioReturn per unit of downside risk
2.21
0.71

+1.51

Omega ratioGain probability vs. loss probability

1.29

1.08

+0.21

Calmar ratioReturn relative to maximum drawdown

2.37

0.53

+1.84

Martin ratioReturn relative to average drawdown

8.09

1.55

+6.54

FLJP vs. EWQ - Sharpe Ratio Comparison

The current FLJP Sharpe Ratio is 1.57, which is higher than the EWQ Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of FLJP and EWQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

FLJP vs. EWQ - Drawdown Comparison

The maximum FLJP drawdown since its inception was -32.49%, smaller than the maximum EWQ drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for FLJP and EWQ.

Loading charts...

Drawdown Indicators

FLJPEWQDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-61.41%

+28.92%

Max Drawdown (1Y)

Largest decline over 1 year

-13.30%

-13.80%

+0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-15.16%

+0.99%

Max Drawdown (5Y)

Largest decline over 5 years

-32.49%

-31.46%

-1.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.23%

—

Current Drawdown

Current decline from peak

-5.95%

-5.26%

-0.69%

Average Drawdown

Average peak-to-trough decline

-9.27%

-16.03%

+6.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.88%

4.69%

-0.81%

Volatility

FLJP vs. EWQ - Volatility Comparison

Franklin FTSE Japan ETF (FLJP) has a higher volatility of 6.74% compared to iShares MSCI France ETF (EWQ) at 4.23%. This indicates that FLJP's price experiences larger fluctuations and is considered to be riskier than EWQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FLJPEWQDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.74%

4.23%

+2.51%

Volatility (6M)

Calculated over the trailing 6-month period

16.43%

14.60%

+1.83%

Volatility (1Y)

Calculated over the trailing 1-year period

20.07%

17.71%

+2.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.99%

19.84%

-1.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.89%

20.38%

-2.49%

FLJP vs. EWQ - Expense Ratio Comparison

FLJP has a 0.09% expense ratio, which is lower than EWQ's 0.50% expense ratio.

Dividends

FLJP vs. EWQ - Dividend Comparison

FLJP's dividend yield for the trailing twelve months is around 4.37%, more than EWQ's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
EWQ
iShares MSCI France ETF		2.94%2.63%3.31%2.73%3.23%3.79%1.02%2.44%2.90%1.90%2.84%2.25%
FLJP
Franklin FTSE Japan ETF		4.37%5.15%4.56%3.00%1.92%2.40%1.51%2.26%1.50%0.10%0.00%0.00%

Frequently Asked Questions

FLJP and EWQ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLJP has higher volatility (6.74%) compared to EWQ (4.23%). In terms of maximum drawdown, FLJP dropped -32.49% vs EWQ's -61.41%.

On 5-year performance, FLJP leads with 8.88% vs 7.21% for EWQ. On fees, FLJP is cheaper at 0.09% per year. On volatility, EWQ has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLJP has performed better with a 8.88% return vs 7.21%. 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 0.50% for EWQ.

FLJP has the higher dividend yield at 4.37%, compared with 2.94% for EWQ.

FLJP is categorized as Japan Equities, while EWQ is Europe Equities. FLJP tracks FTSE Japan RIC Capped Index, while EWQ tracks MSCI France Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLJP and 0.50% for EWQ.

FLJP currently has the higher Sharpe Ratio (1.57 vs 0.41), 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.

Portfolio Optimizer

Find the right allocation for FLJP and EWQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer