FTSD vs. FLJH
FTSD (Franklin Short Duration U.S. Government ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both exchange-traded funds - FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton, while FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. FTSD is actively managed, while FLJH is passively managed. Over the past 5 years, FTSD returned 2.46%/yr vs 20.80%/yr for FLJH. At a correlation of -0.09, they often move in opposite directions. FTSD charges 0.25%/yr vs 0.09%/yr for FLJH.
Performance
FTSD vs. FLJH - Performance Comparison
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Returns By Period
In the year-to-date period, FTSD achieves a 0.80% return, which is significantly lower than FLJH's 20.31% return.
FTSD
- 1D
- -0.12%
- 1M
- 0.17%
- YTD
- 0.80%
- 6M
- 1.30%
- 1Y
- 4.31%
- 3Y*
- 4.98%
- 5Y*
- 2.46%
- 10Y*
- 2.05%
FLJH
- 1D
- 0.71%
- 1M
- 8.59%
- YTD
- 20.31%
- 6M
- 18.71%
- 1Y
- 46.83%
- 3Y*
- 27.99%
- 5Y*
- 20.80%
- 10Y*
- —
FTSD vs. FLJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSD Franklin Short Duration U.S. Government ETF | 0.80% | 5.66% | 5.20% | 4.84% | -3.13% | -0.90% | 3.13% | 2.40% | 1.64% | -0.06% |
FLJH Franklin FTSE Japan Hedged ETF | 20.31% | 25.26% | 25.89% | 36.02% | -2.75% | 12.68% | 10.65% | 20.34% | -14.66% | 1.26% |
Correlation
The correlation between FTSD and FLJH is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017 | -0.09 |
The correlation between FTSD and FLJH shifts across timeframes, from -0.09 (all time) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTSD vs. FLJH — Risk / Return Rank
FTSD
FLJH
FTSD vs. FLJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) 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.
| FTSD | FLJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.48 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 9.59 | 4.36 | +5.23 |
| Martin ratioReturn relative to average drawdown | 38.36 | 17.09 | +21.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTSD | FLJH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 2.62 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 1.13 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.75 | +0.30 |
Drawdowns
FTSD vs. FLJH - Drawdown Comparison
The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum FLJH drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for FTSD and FLJH.
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Drawdown Indicators
| FTSD | FLJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -31.51% | +26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -10.80% | +10.35% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -20.39% | +19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -5.04% | -20.39% | +15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -5.32% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -5.32% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 2.75% | -2.64% |
Volatility
FTSD vs. FLJH - Volatility Comparison
The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.51%, while Franklin FTSE Japan Hedged ETF (FLJH) has a volatility of 3.45%. This indicates that FTSD experiences smaller price fluctuations and is considered to be less risky than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTSD | FLJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 3.45% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 13.38% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 17.98% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.85% | 18.51% | -16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.79% | 19.82% | -18.03% |
FTSD vs. FLJH - Expense Ratio Comparison
FTSD has a 0.25% expense ratio, which is higher than FLJH's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FTSD vs. FLJH - Dividend Comparison
FTSD's dividend yield for the trailing twelve months is around 4.50%, more than FLJH's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 3.24% | 3.90% | 5.06% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.10% | 0.00% | 0.00% |
FTSD Franklin Short Duration U.S. Government ETF | 4.50% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Frequently Asked Questions
FTSD and FLJH have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLJH has higher volatility (3.45%) compared to FTSD (0.51%). In terms of maximum drawdown, FTSD dropped -5.32% vs FLJH's -31.51%.
On 5-year performance, FLJH leads with 20.80% vs 2.46% for FTSD. On fees, FLJH is cheaper at 0.09% per year. On volatility, FTSD has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLJH has performed better with a 20.80% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLJH is cheaper with a 0.09% expense ratio, compared with 0.25% for FTSD.
FTSD has the higher dividend yield at 4.50%, compared with 3.24% for FLJH.
FTSD is categorized as Mortgage Backed Securities, while FLJH is Japan Equities. Their fees differ too: 0.25% for FTSD and 0.09% for FLJH.
FTSD currently has the higher Sharpe Ratio (3.30 vs 2.62), 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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