FLJP vs. OPPJ
FLJP (Franklin FTSE Japan ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both Japan Equities funds - FLJP tracks the FTSE Japan RIC Capped Index while OPPJ tracks the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 5 years, FLJP returned 9.15%/yr vs 25.28%/yr for OPPJ. A 0.72 correlation means they provide meaningful diversification when combined. FLJP charges 0.09%/yr vs 0.58%/yr for OPPJ.
Performance
FLJP vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, FLJP achieves a 15.09% return, which is significantly lower than OPPJ's 26.34% return.
FLJP
- 1D
- -4.00%
- 1M
- 1.04%
- YTD
- 15.09%
- 6M
- 14.43%
- 1Y
- 33.85%
- 3Y*
- 18.60%
- 5Y*
- 9.15%
- 10Y*
- —
OPPJ
- 1D
- -4.11%
- 1M
- 0.60%
- YTD
- 26.34%
- 6M
- 27.22%
- 1Y
- 63.54%
- 3Y*
- 34.64%
- 5Y*
- 25.28%
- 10Y*
- 18.38%
FLJP vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLJP Franklin FTSE Japan ETF | 15.09% | 26.79% | 6.99% | 20.00% | -16.57% | 0.99% | 15.76% | 18.99% | -14.01% | 2.53% |
OPPJ WisdomTree Japan Opportunities ETF | 26.34% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 2.78% |
Correlation
The correlation between FLJP and OPPJ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.72 |
The correlation between FLJP and OPPJ shifts across timeframes, from 0.69 (5 years) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLJP vs. OPPJ — Risk / Return Rank
FLJP
OPPJ
FLJP vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Japan ETF (FLJP) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.51 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 6.50 | -3.94 |
| Martin ratioReturn relative to average drawdown | 8.86 | 21.87 | -13.00 |
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Drawdowns
FLJP vs. OPPJ - Drawdown Comparison
The maximum FLJP drawdown since its inception was -32.49%, smaller than the maximum OPPJ drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for FLJP and OPPJ.
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Drawdown Indicators
| FLJP | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -39.30% | +6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -9.82% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -16.49% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.49% | -16.49% | -16.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -4.00% | -4.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -6.48% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.92% | +0.91% |
Volatility
FLJP vs. OPPJ - Volatility Comparison
Franklin FTSE Japan ETF (FLJP) and WisdomTree Japan Opportunities ETF (OPPJ) have volatilities of 7.16% and 7.39%, 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.
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Volatility by Period
| FLJP | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 7.39% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 16.54% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 20.67% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.95% | 18.25% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 19.59% | -1.71% |
FLJP vs. OPPJ - Expense Ratio Comparison
FLJP has a 0.09% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
FLJP vs. OPPJ - Dividend Comparison
FLJP's dividend yield for the trailing twelve months is around 3.83%, more than OPPJ's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLJP Franklin FTSE Japan ETF | 3.83% | 5.15% | 4.56% | 3.00% | 1.92% | 2.40% | 1.51% | 2.26% | 1.50% | 0.10% | 0.00% | 0.00% |
OPPJ WisdomTree Japan Opportunities ETF | 1.50% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
Frequently Asked Questions
FLJP and OPPJ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPJ has higher volatility (7.39%) compared to FLJP (7.16%). In terms of maximum drawdown, FLJP dropped -32.49% vs OPPJ's -39.30%.
On 5-year performance, OPPJ leads with 25.28% vs 9.15% for FLJP. On fees, FLJP is cheaper at 0.09% per year. On volatility, FLJP has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OPPJ has performed better with a 25.28% return vs 9.15%. 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 0.58% for OPPJ.
FLJP has the higher dividend yield at 3.83%, compared with 1.50% for OPPJ.
FLJP tracks FTSE Japan RIC Capped Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.09% for FLJP and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (3.09 vs 1.71), 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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