FLJP vs. FLJH
Compare and contrast key facts about Franklin FTSE Japan ETF (FLJP) and Franklin FTSE Japan Hedged ETF (FLJH).
FLJP and FLJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLJP is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Index. It was launched on Nov 2, 2017. 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. Both FLJP and FLJH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLJP or FLJH.
Key characteristics
| FLJP | FLJH | |
|---|---|---|
| YTD Return | 7.47% | 23.47% |
| 1Y Return | 15.50% | 24.79% |
| 3Y Return (Ann) | 1.36% | 16.94% |
| 5Y Return (Ann) | 4.94% | 16.40% |
| Sharpe Ratio | 0.92 | 1.29 |
| Sortino Ratio | 1.32 | 1.69 |
| Omega Ratio | 1.17 | 1.25 |
| Calmar Ratio | 1.04 | 1.22 |
| Martin Ratio | 4.14 | 4.41 |
| Ulcer Index | 3.74% | 5.62% |
| Daily Std Dev | 16.80% | 19.31% |
| Max Drawdown | -32.49% | -31.36% |
| Current Drawdown | -6.39% | -5.22% |
Correlation
The correlation between FLJP and FLJH is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FLJP vs. FLJH - Performance Comparison
In the year-to-date period, FLJP achieves a 7.47% return, which is significantly lower than FLJH's 23.47% 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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FLJP vs. FLJH - Expense Ratio Comparison
Both FLJP and FLJH have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLJP vs. FLJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan ETF (FLJP) and Franklin FTSE Japan Hedged ETF (FLJH). 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
FLJP vs. FLJH - Dividend Comparison
FLJP's dividend yield for the trailing twelve months is around 5.19%, less than FLJH's 22.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLJP Franklin FTSE Japan ETF | 5.19% | 3.00% | 1.91% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% |
FLJH Franklin FTSE Japan Hedged ETF | 22.61% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% |
Drawdowns
FLJP vs. FLJH - Drawdown Comparison
The maximum FLJP drawdown since its inception was -32.49%, roughly equal to the maximum FLJH drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for FLJP and FLJH. For additional features, visit the drawdowns tool.
Volatility
FLJP vs. FLJH - Volatility Comparison
Franklin FTSE Japan ETF (FLJP) and Franklin FTSE Japan Hedged ETF (FLJH) have volatilities of 4.77% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.