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HEWG vs. FLJH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

HEWG vs. FLJH

Last updated May 21, 2025

Compare and contrast key facts about iShares Currency Hedged MSCI Germany ETF (HEWG) and Franklin FTSE Japan Hedged ETF (FLJH).

HEWG and FLJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany 100% Hedged to USD Index. It was launched on Jan 31, 2014. 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 HEWG 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: HEWG or FLJH.

Correlation

The correlation between HEWG and FLJH is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

HEWG vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Currency Hedged MSCI Germany ETF (HEWG) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

HEWG

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

FLJH

YTD

0.94%

1M

8.85%

6M

3.77%

1Y

4.47%

3Y*

20.74%

5Y*

18.51%

10Y*

N/A

*Annualized

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iShares Currency Hedged MSCI Germany ETF

Franklin FTSE Japan Hedged ETF

HEWG vs. FLJH - Expense Ratio Comparison

HEWG has a 0.53% expense ratio, which is higher than FLJH's 0.09% expense ratio.

HEWG
iShares Currency Hedged MSCI Germany ETF
FLJH
Franklin FTSE Japan Hedged ETF

Risk-Adjusted Performance

HEWG vs. FLJH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HEWG
The Risk-Adjusted Performance Rank of HEWG is 4444
Overall Rank
The Sharpe Ratio Rank of HEWG is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of HEWG is 4040
Sortino Ratio Rank
The Omega Ratio Rank of HEWG is 3737
Omega Ratio Rank
The Calmar Ratio Rank of HEWG is 5757
Calmar Ratio Rank
The Martin Ratio Rank of HEWG is 4343
Martin Ratio Rank
FLJH
The Risk-Adjusted Performance Rank of FLJH is 3333
Overall Rank
The Sharpe Ratio Rank of FLJH is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of FLJH is 3131
Sortino Ratio Rank
The Omega Ratio Rank of FLJH is 3232
Omega Ratio Rank
The Calmar Ratio Rank of FLJH is 4040
Calmar Ratio Rank
The Martin Ratio Rank of FLJH is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HEWG vs. FLJH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI Germany ETF (HEWG) 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.

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Dividends

HEWG vs. FLJH - Dividend Comparison

HEWG has not paid dividends to shareholders, while FLJH's dividend yield for the trailing twelve months is around 5.02%.

TTM2024202320222021202020192018201720162015
HEWG
iShares Currency Hedged MSCI Germany ETF		5.75%5.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLJH
Franklin FTSE Japan Hedged ETF		5.02%5.06%25.59%26.67%1.29%0.00%0.00%5.92%0.05%0.00%0.00%

Drawdowns

HEWG vs. FLJH - Drawdown Comparison

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Volatility

HEWG vs. FLJH - Volatility Comparison

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