FLJP vs. FLSW

Last updated Jun 9, 2026

FLJP (Franklin FTSE Japan ETF) and FLSW (Franklin FTSE Switzerland ETF) are both exchange-traded funds - FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index, while FLSW is a Europe Equities fund tracking the FTSE Switzerland RIC Capped Index. Both are passively managed. Over the past 5 years, FLJP returned 8.77%/yr vs 6.39%/yr for FLSW. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

FLJP vs. FLSW - Performance Comparison

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

Returns By Period

In the year-to-date period, FLJP achieves a 13.96% return, which is significantly higher than FLSW's 1.74% return.

FLJP

• 1D: 1.03%
• 1M: -0.48%
• YTD: 13.96%
• 6M: 14.90%
• 1Y: 30.70%
• 3Y*: 17.44%
• 5Y*: 8.77%
• 10Y*: —

FLSW

• 1D: -0.52%
• 1M: -1.51%
• YTD: 1.74%
• 6M: 5.66%
• 1Y: 11.98%
• 3Y*: 11.98%
• 5Y*: 6.39%
• 10Y*: —

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

FLJP vs. FLSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLJP Franklin FTSE Japan ETF	13.96%	26.79%	6.99%	20.00%	-16.57%	0.99%	15.76%	18.99%	-14.68%
FLSW Franklin FTSE Switzerland ETF	1.74%	32.92%	-1.77%	16.79%	-18.14%	20.82%	13.25%	31.66%	-7.85%

Correlation

The correlation between FLJP and FLSW is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018	0.56

The correlation between FLJP and FLSW has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

FLJP vs. FLSW - Sectors Allocation Comparison

Sectors	FLJP	FLSW
Industrials	25.0%	13.8%
Technology	20.3%	1.1%
Financial Services	15.7%	18.0%
Consumer Cyclical	12.4%	5.2%
Communication Services	6.1%	1.2%
Healthcare	5.9%	37.4%
Basic Materials	5.0%	7.7%
Consumer Defensive	3.9%	14.0%
Real Estate	2.9%	1.3%
Utilities	1.2%	0.2%
Energy	0.9%	-

Return for Risk

FLJP vs. FLSW — Risk / Return Rank

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

FLJP

FLJP Risk / Return Rank: 52
FLJP Sharpe Ratio Rank: 52
FLJP Sortino Ratio Rank: 52
FLJP Omega Ratio Rank: 54
FLJP Calmar Ratio Rank: 52
FLJP Martin Ratio Rank: 52

FLSW

FLSW Risk / Return Rank: 23
FLSW Sharpe Ratio Rank: 24
FLSW Sortino Ratio Rank: 24
FLSW Omega Ratio Rank: 23
FLSW Calmar Ratio Rank: 22
FLSW Martin Ratio Rank: 24

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. FLSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan ETF (FLJP) and Franklin FTSE Switzerland ETF (FLSW). 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.

	FLJP	FLSW	Difference
Sharpe ratio: Return per unit of total volatility	1.61	0.77	+0.84
Sortino ratio: Return per unit of downside risk	2.31	1.20	+1.11
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio: Return relative to maximum drawdown	2.32	0.90	+1.42
Martin ratio: Return relative to average drawdown	8.08	2.89	+5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLJP vs. FLSW - Sharpe Ratio Comparison

The current FLJP Sharpe Ratio is 1.61, which is higher than the FLSW Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FLJP and FLSW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLJP	FLSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.77	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.41	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.56	-0.12

Drawdowns

FLJP vs. FLSW - Drawdown Comparison

The maximum FLJP drawdown since its inception was -32.49%, which is greater than FLSW's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for FLJP and FLSW.

Drawdown Indicators

	FLJP	FLSW	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-28.16%	-4.33%
Max Drawdown (1Y) Largest decline over 1 year	-13.30%	-13.38%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-13.38%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-32.49%	-28.16%	-4.33%
Current Drawdown Current decline from peak	-2.24%	-6.36%	+4.12%
Average Drawdown Average peak-to-trough decline	-9.36%	-5.96%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	4.16%	-0.35%

Volatility

FLJP vs. FLSW - Volatility Comparison

Franklin FTSE Japan ETF (FLJP) has a higher volatility of 4.73% compared to Franklin FTSE Switzerland ETF (FLSW) at 4.10%. This indicates that FLJP's price experiences larger fluctuations and is considered to be riskier than FLSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJP	FLSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	4.10%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	12.28%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	15.64%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	15.72%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	16.89%	+0.93%

FLJP vs. FLSW - Expense Ratio Comparison

Both FLJP and FLSW 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%.

Dividends

FLJP vs. FLSW - Dividend Comparison

FLJP's dividend yield for the trailing twelve months is around 4.52%, more than FLSW's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJP Franklin FTSE Japan ETF	4.52%	5.15%	4.56%	3.00%	1.92%	2.40%	1.51%	2.26%	1.50%	0.10%
FLSW Franklin FTSE Switzerland ETF	2.08%	2.12%	2.04%	2.36%	2.02%	1.86%	2.28%	1.15%	2.86%	0.00%

Frequently Asked Questions

Can I hold both FLJP and FLSW in my portfolio?

FLJP and FLSW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJP or FLSW?

FLJP has higher volatility (4.73%) compared to FLSW (4.10%). In terms of maximum drawdown, FLJP dropped -32.49% vs FLSW's -28.16%.

Which ETF is better, FLJP or FLSW?

On 5-year performance, FLJP leads with 8.77% vs 6.39% for FLSW. Both ETFs have the same 0.09% expense ratio. On volatility, FLSW has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJP or FLSW?

Over the 5-year period, FLJP has performed better with a 8.77% return vs 6.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJP or FLSW?

FLJP and FLSW have the same expense ratio: 0.09% per year.

Which ETF pays a higher dividend yield, FLJP or FLSW?

FLJP has the higher dividend yield at 4.52%, compared with 2.08% for FLSW.

What is the main difference between FLJP and FLSW?

FLJP is categorized as Japan Equities, while FLSW is Europe Equities. FLJP tracks FTSE Japan RIC Capped Index, while FLSW tracks FTSE Switzerland RIC Capped Index.

Which has better risk-adjusted returns?

FLJP currently has the higher Sharpe Ratio (1.61 vs 0.77), 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.