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FLJP vs. EWT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLJP vs. EWT

Last updated Jun 14, 2026

FLJP (Franklin FTSE Japan ETF) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index, while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index. Both are passively managed. Over the past 5 years, FLJP returned 8.82%/yr vs 17.48%/yr for EWT. A 0.59 correlation means they provide meaningful diversification when combined. FLJP charges 0.09%/yr vs 0.59%/yr for EWT.

Performance

FLJP vs. EWT - Performance Comparison

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

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Returns By Period

In the year-to-date period, FLJP achieves a 14.83% return, which is significantly lower than EWT's 61.53% return.

FLJP

1D
0.56%
1M
0.15%
YTD
14.83%
6M
14.62%
1Y
31.78%
3Y*
16.94%
5Y*
8.82%
10Y*
—

EWT

1D
0.17%
1M
7.48%
YTD
61.53%
6M
67.45%
1Y
92.18%
3Y*
34.98%
5Y*
17.48%
10Y*
19.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLJP vs. EWT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EWT
iShares MSCI Taiwan ETF		61.53%28.38%16.11%23.97%-28.90%26.18%31.50%33.36%-9.90%-1.76%

Correlation

The correlation between FLJP and EWT is 0.60, 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

0.60

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

0.56

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

0.59

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

0.59

The correlation between FLJP and EWT has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

FLJP vs. EWT - Sectors Allocation Comparison

Sectors
FLJP
EWT

Industrials

24.5%
3.1%

Technology

21.1%
76.9%

Financial Services

16.4%
12.0%

Consumer Cyclical

12.0%
1.6%

Communication Services

6.1%
1.7%

Healthcare

5.7%
1.0%

Basic Materials

4.9%
2.9%

Consumer Defensive

3.8%
1.0%

Real Estate

2.8%

-

Utilities

1.2%

-

Energy

0.9%

-

Industrials

FLJP
24.5%
EWT
3.1%

Technology

FLJP
21.1%
EWT
76.9%

Financial Services

FLJP
16.4%
EWT
12.0%

Consumer Cyclical

FLJP
12.0%
EWT
1.6%

Communication Services

FLJP
6.1%
EWT
1.7%

Healthcare

FLJP
5.7%
EWT
1.0%

Basic Materials

FLJP
4.9%
EWT
2.9%

Consumer Defensive

FLJP
3.8%
EWT
1.0%

Real Estate

FLJP
2.8%
EWT

-

Utilities

FLJP
1.2%
EWT

-

Energy

FLJP
0.9%
EWT

-

Compare stocks, funds, or ETFs

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Franklin FTSE Japan ETF

iShares MSCI Taiwan ETF

Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR
Often compared with EWT:
EWT vs. EWYEWT vs. FLTWEWT vs. VTEWT vs. QQQEWT vs. EWHEWT vs. EWSEWT vs. EWX

Return for Risk

FLJP vs. EWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLJP
FLJP Risk / Return Rank: 5454
Overall Rank
FLJP Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 5454
Sortino Ratio Rank
FLJP Omega Ratio Rank: 5555
Omega Ratio Rank
FLJP Calmar Ratio Rank: 5353
Calmar Ratio Rank
FLJP Martin Ratio Rank: 5454
Martin Ratio Rank
EWT
EWT Risk / Return Rank: 9494
Overall Rank
EWT Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EWT Sortino Ratio Rank: 9292
Sortino Ratio Rank
EWT Omega Ratio Rank: 9292
Omega Ratio Rank
EWT Calmar Ratio Rank: 9696
Calmar Ratio Rank
EWT Martin Ratio Rank: 9595
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. EWT - Risk-Adjusted Trends Comparison

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

FLJPEWTDifference
Sharpe ratioReturn per unit of total volatility
1.60
3.36

-1.76

Sortino ratioReturn per unit of downside risk
2.30
3.88

-1.58

Omega ratioGain probability vs. loss probability

1.30

1.55

-0.25

Calmar ratioReturn relative to maximum drawdown

2.33

8.53

-6.19

Martin ratioReturn relative to average drawdown

8.10

25.15

-17.05

FLJP vs. EWT - Sharpe Ratio Comparison

The current FLJP Sharpe Ratio is 1.60, which is lower than the EWT Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of FLJP and EWT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLJP vs. EWT - Drawdown Comparison

The maximum FLJP drawdown since its inception was -32.49%, smaller than the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for FLJP and EWT.

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Drawdown Indicators

FLJPEWTDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-64.37%

+31.88%

Max Drawdown (1Y)

Largest decline over 1 year

-13.30%

-10.51%

-2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-25.66%

+11.49%

Max Drawdown (5Y)

Largest decline over 5 years

-32.49%

-38.88%

+6.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.88%

—

Current Drawdown

Current decline from peak

-1.49%

-4.19%

+2.70%

Average Drawdown

Average peak-to-trough decline

-9.34%

-19.21%

+9.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.83%

3.56%

+0.27%

Volatility

FLJP vs. EWT - Volatility Comparison

The current volatility for Franklin FTSE Japan ETF (FLJP) is 5.62%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 13.55%. This indicates that FLJP experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLJPEWTDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.62%

13.55%

-7.93%

Volatility (6M)

Calculated over the trailing 6-month period

15.45%

22.68%

-7.23%

Volatility (1Y)

Calculated over the trailing 1-year period

19.47%

26.75%

-7.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.86%

22.95%

-5.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.84%

21.78%

-3.94%

FLJP vs. EWT - Expense Ratio Comparison

FLJP has a 0.09% expense ratio, which is lower than EWT's 0.59% expense ratio.

Dividends

FLJP vs. EWT - Dividend Comparison

FLJP's dividend yield for the trailing twelve months is around 4.48%, more than EWT's 2.74% yield.

PositionTTM20252024202320222021202020192018201720162015
EWT
iShares MSCI Taiwan ETF		2.74%4.43%3.32%8.12%18.82%0.55%1.83%2.49%3.16%2.81%2.39%3.12%
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%0.00%0.00%

Frequently Asked Questions

FLJP and EWT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWT has higher volatility (13.55%) compared to FLJP (5.62%). In terms of maximum drawdown, FLJP dropped -32.49% vs EWT's -64.37%.

On 5-year performance, EWT leads with 17.48% 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, EWT has performed better with a 17.48% 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 0.59% for EWT.

FLJP has the higher dividend yield at 4.48%, compared with 2.74% for EWT.

FLJP is categorized as Japan Equities, while EWT is Asia Pacific Equities. FLJP tracks FTSE Japan RIC Capped Index, while EWT tracks MSCI Taiwan Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.09% for FLJP and 0.59% for EWT.

EWT currently has the higher Sharpe Ratio (3.36 vs 1.60), 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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