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HXX.TO vs. FLJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXX.TO vs. FLJH

Last updated Jun 5, 2026

HXX.TO (Global X Europe 50 Index Corporate Class ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both exchange-traded funds - HXX.TO is a Europe Equities fund tracking the Solactive Europe 50 Rolling Future Index (Total Return), while FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Both are passively managed. Over the past 5 years, HXX.TO returned 12.61%/yr vs 24.30%/yr for FLJH. At a 0.38 correlation, their price movements are largely independent. HXX.TO charges 0.19%/yr vs 0.09%/yr for FLJH.

Performance

HXX.TO vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Europe 50 Index Corporate Class ETF (HXX.TO) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HXX.TO is traded in CAD, while FLJH is traded in USD. To make them comparable, the FLJH values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXX.TO achieves a 5.99% return, which is significantly lower than FLJH's 22.07% return.

HXX.TO

1D
-0.06%
1M
4.80%
YTD
5.99%
6M
6.35%
1Y
17.30%
3Y*
18.21%
5Y*
12.61%
10Y*
—

FLJH

1D
0.19%
1M
9.35%
YTD
22.07%
6M
17.32%
1Y
50.68%
3Y*
29.74%
5Y*
24.30%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXX.TO vs. FLJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXX.TO
Global X Europe 50 Index Corporate Class ETF		5.99%31.10%11.15%24.55%-9.72%14.01%5.46%20.53%-8.75%-2.92%
FLJH
Franklin FTSE Japan Hedged ETF		22.07%19.51%36.71%33.03%4.18%11.66%8.78%14.42%-7.42%0.27%

Correlation

The correlation between HXX.TO and FLJH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2017

0.38

HXX.TO vs. FLJH - Sectors Allocation Comparison

Sectors
HXX.TO
FLJH

Real Estate

34.3%
3.4%

Basic Materials

-

4.3%

Communication Services

-

7.1%

Consumer Cyclical

-

12.8%

Consumer Defensive

-

4.2%

Energy

-

1.0%

Financial Services

-

15.9%

Healthcare

-

5.9%

Industrials

-

26.6%

Technology

-

17.4%

Utilities

-

1.3%

Real Estate

HXX.TO
34.3%
FLJH
3.4%

Basic Materials

HXX.TO

-

FLJH
4.3%

Communication Services

HXX.TO

-

FLJH
7.1%

Consumer Cyclical

HXX.TO

-

FLJH
12.8%

Consumer Defensive

HXX.TO

-

FLJH
4.2%

Energy

HXX.TO

-

FLJH
1.0%

Financial Services

HXX.TO

-

FLJH
15.9%

Healthcare

HXX.TO

-

FLJH
5.9%

Industrials

HXX.TO

-

FLJH
26.6%

Technology

HXX.TO

-

FLJH
17.4%

Utilities

HXX.TO

-

FLJH
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Europe 50 Index Corporate Class ETF

Franklin FTSE Japan Hedged ETF

Often compared with HXX.TO:
HXX.TO vs. ZDI.TOHXX.TO vs. XEU.TOHXX.TO vs. HSBA.LHXX.TO vs. TEC.TOHXX.TO vs. XEQT.TOHXX.TO vs. VFV.TOHXX.TO vs. XESG.TO
Often compared with FLJH:
FLJH vs. FLJPFLJH vs. EWJVFLJH vs. HEWJFLJH vs. DBJPFLJH vs. SCHDFLJH vs. EWJFLJH vs. OARK

Return for Risk

HXX.TO vs. FLJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXX.TO
HXX.TO Risk / Return Rank: 2727
Overall Rank
HXX.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
HXX.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
HXX.TO Omega Ratio Rank: 2626
Omega Ratio Rank
HXX.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
HXX.TO Martin Ratio Rank: 3131
Martin Ratio Rank
FLJH
FLJH Risk / Return Rank: 8484
Overall Rank
FLJH Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
FLJH Sortino Ratio Rank: 8484
Sortino Ratio Rank
FLJH Omega Ratio Rank: 8383
Omega Ratio Rank
FLJH Calmar Ratio Rank: 8484
Calmar Ratio Rank
FLJH Martin Ratio Rank: 8585
Martin Ratio Rank
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.

HXX.TO vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Europe 50 Index Corporate Class ETF (HXX.TO) 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.

HXX.TOFLJHDifference
Sharpe ratioReturn per unit of total volatility
0.82
2.81

-1.99

Sortino ratioReturn per unit of downside risk
1.31
3.79

-2.47

Omega ratioGain probability vs. loss probability

1.17

1.51

-0.34

Calmar ratioReturn relative to maximum drawdown

1.30

4.85

-3.55

Martin ratioReturn relative to average drawdown

4.38

18.46

-14.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXX.TO vs. FLJH - Sharpe Ratio Comparison

The current HXX.TO Sharpe Ratio is 0.82, which is lower than the FLJH Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of HXX.TO and FLJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HXX.TOFLJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.82

2.81

-1.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

1.37

-0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.84

-0.25

Drawdowns

HXX.TO vs. FLJH - Drawdown Comparison

The maximum HXX.TO drawdown since its inception was -33.23%, which is greater than FLJH's maximum drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for HXX.TO and FLJH.

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Drawdown Indicators

HXX.TOFLJHDifference

Max Drawdown

Largest peak-to-trough decline

-33.23%

-27.58%

-5.65%

Max Drawdown (1Y)

Largest decline over 1 year

-13.34%

-10.50%

-2.84%

Max Drawdown (3Y)

Largest decline over 3 years

-16.50%

-19.19%

+2.69%

Max Drawdown (5Y)

Largest decline over 5 years

-28.91%

-19.19%

-9.72%

Current Drawdown

Current decline from peak

-7.36%

0.00%

-7.36%

Average Drawdown

Average peak-to-trough decline

-5.35%

-4.40%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.96%

2.75%

+1.21%

Volatility

HXX.TO vs. FLJH - Volatility Comparison

Global X Europe 50 Index Corporate Class ETF (HXX.TO) has a higher volatility of 13.31% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 3.25%. This indicates that HXX.TO's price experiences larger fluctuations and is considered to be riskier 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

HXX.TOFLJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.31%

3.25%

+10.06%

Volatility (6M)

Calculated over the trailing 6-month period

18.63%

13.43%

+5.20%

Volatility (1Y)

Calculated over the trailing 1-year period

21.22%

18.17%

+3.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.17%

17.79%

+1.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.22%

19.02%

+0.20%

HXX.TO vs. FLJH - Expense Ratio Comparison

HXX.TO has a 0.19% 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

HXX.TO vs. FLJH - Dividend Comparison

HXX.TO has not paid dividends to shareholders, while FLJH's dividend yield for the trailing twelve months is around 3.24%.

PositionTTM202520242023202220212020201920182017
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%
HXX.TO
Global X Europe 50 Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HXX.TO and FLJH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FLJH is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FLJH is cheaper with a 0.09% expense ratio, compared with 0.19% for HXX.TO.

HXX.TO is categorized as Europe Equities, while FLJH is Japan Equities. HXX.TO tracks Solactive Europe 50 Rolling Future Index (Total Return), while FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index. They also come from different issuers: Global X and Franklin Templeton. Their fees differ too: 0.19% for HXX.TO and 0.09% for FLJH.

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