FLKR vs. DXJ

Last updated Aug 1, 2026

FLKR (Franklin FTSE South Korea ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, FLKR returned 14.07%/yr vs 27.38%/yr for DXJ. Their 0.49 correlation means their historical movements had little consistent relationship. FLKR charges 0.09%/yr vs 0.48%/yr for DXJ.

Performance

FLKR vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLKR achieves a 61.37% return, which is significantly higher than DXJ's 21.25% return.

FLKR

• 1D: -2.28%
• 1M: -15.74%
• 6M: 29.07%
• YTD: 61.37%
• 1Y: 117.49%
• 3Y*: 35.68%
• 5Y*: 14.07%
• 10Y*: —
• ALL TIME*: 11.21%

DXJ

• 1D: -0.73%
• 1M: -1.20%
• 6M: 14.45%
• YTD: 21.25%
• 1Y: 46.99%
• 3Y*: 30.10%
• 5Y*: 27.38%
• 10Y*: 19.00%
• ALL TIME*: 9.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DXJ WisdomTree Japan Hedged Equity Fund	$66.09M	$60.67M	$58.46M
FLKR Franklin FTSE South Korea ETF	$43.49M	$47.84M	$51.57M

FLKR vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	61.37%	91.91%	-18.84%	19.16%	-27.50%	-7.54%	42.64%	8.88%	-21.30%	3.00%
DXJ WisdomTree Japan Hedged Equity Fund	21.25%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	1.82%

Correlation

The correlation between FLKR and DXJ is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.41
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.49

The correlation between FLKR and DXJ shifts across timeframes, from 0.36 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

FLKR vs. DXJ - Sectors Allocation Comparison

Sectors	FLKR	DXJ
Technology	51.7%	12.9%
Industrials	16.2%	29.5%
Financial Services	12.5%	18.3%
Consumer Cyclical	7.4%	13.3%
Healthcare	3.4%	6.8%
Basic Materials	2.9%	9.1%
Communication Services	2.4%	2.3%
Consumer Defensive	2.3%	4.7%
Energy	0.7%	1.7%
Utilities	0.4%	0.1%
Real Estate	-	-

Return for Risk

FLKR vs. DXJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLKR

FLKR Risk / Return Rank: 85
FLKR Sharpe Ratio Rank: 90
FLKR Sortino Ratio Rank: 80
FLKR Omega Ratio Rank: 84
FLKR Calmar Ratio Rank: 87
FLKR Martin Ratio Rank: 86

DXJ

DXJ Risk / Return Rank: 93
DXJ Sharpe Ratio Rank: 94
DXJ Sortino Ratio Rank: 92
DXJ Omega Ratio Rank: 93
DXJ Calmar Ratio Rank: 92
DXJ Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLKR vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.

	FLKR	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.61	-0.40
Sortino ratio: Return per unit of downside risk	2.56	3.40	-0.84
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	3.46	4.30	-0.84
Martin ratio: Return relative to average drawdown	12.27	16.08	-3.80

FLKR vs. DXJ - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 2.21, which is comparable to the DXJ Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FLKR and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLKR vs. DXJ - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, roughly equal to the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for FLKR and DXJ.

Drawdown Indicators

	FLKR	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-49.63%	-0.43%
Max Drawdown (1Y) Largest decline over 1 year	-34.17%	-10.98%	-23.19%
Max Drawdown (3Y) Largest decline over 3 years	-34.17%	-22.19%	-11.98%
Max Drawdown (5Y) Largest decline over 5 years	-47.97%	-22.19%	-25.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-28.42%	-3.40%	-25.02%
Average Drawdown Average peak-to-trough decline	-21.96%	-14.24%	-7.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.61%	2.93%	+6.68%

Volatility

FLKR vs. DXJ - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 21.39% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.07%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.39%	6.07%	+15.32%
Volatility (6M) Calculated over the trailing 6-month period	50.33%	14.35%	+35.98%
Volatility (1Y) Calculated over the trailing 1-year period	53.42%	18.07%	+35.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.16%	19.07%	+13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.79%	19.93%	+9.86%

FLKR vs. DXJ - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

FLKR vs. DXJ - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.86%, more than DXJ's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	0.97%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
FLKR Franklin FTSE South Korea ETF	2.86%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLKR and DXJ in my portfolio?

FLKR and DXJ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or DXJ?

FLKR has higher volatility (21.39%) compared to DXJ (6.07%). In terms of maximum drawdown, FLKR dropped -50.06% vs DXJ's -49.63%.

Which ETF is better, FLKR or DXJ?

On 5-year performance, DXJ leads with 27.38% vs 14.07% for FLKR. On fees, FLKR is cheaper at 0.09% per year. On volatility, DXJ has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLKR or DXJ?

Over the 5-year period, DXJ has performed better with a 27.38% return vs 14.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or DXJ?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.48% for DXJ.

Which ETF pays a higher dividend yield, FLKR or DXJ?

FLKR has the higher dividend yield at 2.86%, compared with 0.97% for DXJ.

What is the main difference between FLKR and DXJ?

FLKR is categorized as South Korea Equities, while DXJ is Japan Equities. FLKR tracks FTSE South Korea RIC Capped Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.09% for FLKR and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (2.61 vs 2.21), 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.