IDVO vs. FLJH

Last updated Jun 14, 2026

IDVO (Amplify CWP International Enhanced Dividend Income ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both exchange-traded funds - IDVO is a Derivative Income fund actively managed by Amplify, while FLJH is a Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. IDVO is actively managed, while FLJH is passively managed. Over the past 3 years, IDVO returned 22.78%/yr vs 25.97%/yr for FLJH. A 0.57 correlation means they provide meaningful diversification when combined. IDVO charges 0.65%/yr vs 0.09%/yr for FLJH.

Performance

IDVO vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP International Enhanced Dividend Income ETF (IDVO) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDVO achieves a 14.60% return, which is significantly lower than FLJH's 18.85% return.

IDVO

• 1D: 0.52%
• 1M: 0.18%
• YTD: 14.60%
• 6M: 15.00%
• 1Y: 35.61%
• 3Y*: 22.78%
• 5Y*: —
• 10Y*: —

FLJH

• 1D: 0.82%
• 1M: 1.43%
• YTD: 18.85%
• 6M: 15.00%
• 1Y: 45.89%
• 3Y*: 25.97%
• 5Y*: 20.54%
• 10Y*: —

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

IDVO vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IDVO Amplify CWP International Enhanced Dividend Income ETF	14.60%	36.46%	10.16%	17.53%	6.42%
FLJH Franklin FTSE Japan Hedged ETF	18.85%	25.26%	25.89%	36.02%	-1.88%

Correlation

The correlation between IDVO and FLJH is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.57

The correlation between IDVO and FLJH has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

IDVO vs. FLJH - Sectors Allocation Comparison

Sectors	IDVO	FLJH
Financial Services	19.9%	15.8%
Basic Materials	17.1%	4.4%
Energy	12.5%	0.9%
Technology	10.7%	19.4%
Communication Services	10.3%	8.0%
Consumer Defensive	8.2%	4.0%
Healthcare	7.8%	5.5%
Industrials	7.2%	25.2%
Consumer Cyclical	3.2%	12.7%
Utilities	3.2%	1.2%
Real Estate	-	3.0%

Return for Risk

IDVO vs. FLJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDVO

IDVO Risk / Return Rank: 75
IDVO Sharpe Ratio Rank: 76
IDVO Sortino Ratio Rank: 73
IDVO Omega Ratio Rank: 75
IDVO Calmar Ratio Rank: 74
IDVO Martin Ratio Rank: 76

FLJH

FLJH Risk / Return Rank: 86
FLJH Sharpe Ratio Rank: 87
FLJH Sortino Ratio Rank: 86
FLJH Omega Ratio Rank: 85
FLJH Calmar Ratio Rank: 86
FLJH Martin Ratio Rank: 87

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.

IDVO vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP International Enhanced Dividend Income ETF (IDVO) 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.

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.

	IDVO	FLJH	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.46	-0.37
Sortino ratio: Return per unit of downside risk	2.81	3.35	-0.54
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	3.30	4.20	-0.90
Martin ratio: Return relative to average drawdown	12.60	16.28	-3.68

IDVO vs. FLJH - Sharpe Ratio Comparison

The current IDVO Sharpe Ratio is 2.09, which is comparable to the FLJH Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of IDVO 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.

Drawdowns

IDVO vs. FLJH - Drawdown Comparison

The maximum IDVO drawdown since its inception was -15.46%, smaller than the maximum FLJH drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for IDVO and FLJH.

Drawdown Indicators

	IDVO	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-15.46%	-31.51%	+16.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-10.80%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	-20.39%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.39%	—
Current Drawdown Current decline from peak	-0.84%	-1.30%	+0.46%
Average Drawdown Average peak-to-trough decline	-2.30%	-5.30%	+3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.78%	-0.07%

Volatility

IDVO vs. FLJH - Volatility Comparison

Amplify CWP International Enhanced Dividend Income ETF (IDVO) has a higher volatility of 6.41% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 5.20%. This indicates that IDVO'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.

Volatility by Period

	IDVO	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	5.20%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	13.94%	14.09%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	18.44%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	18.61%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	19.84%	-3.34%

IDVO vs. FLJH - Expense Ratio Comparison

IDVO has a 0.65% expense ratio, which is higher than FLJH's 0.09% expense ratio.

Dividends

IDVO vs. FLJH - Dividend Comparison

IDVO's dividend yield for the trailing twelve months is around 5.46%, more than FLJH's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLJH Franklin FTSE Japan Hedged ETF	3.28%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.46%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDVO and FLJH in my portfolio?

IDVO and FLJH have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVO or FLJH?

IDVO has higher volatility (6.41%) compared to FLJH (5.20%). In terms of maximum drawdown, IDVO dropped -15.46% vs FLJH's -31.51%.

Which ETF is better, IDVO or FLJH?

On 3-year performance, FLJH leads with 25.97% vs 22.78% for IDVO. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDVO or FLJH?

Over the 3-year period, FLJH has performed better with a 25.97% return vs 22.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVO or FLJH?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.65% for IDVO.

Which ETF pays a higher dividend yield, IDVO or FLJH?

IDVO has the higher dividend yield at 5.46%, compared with 3.28% for FLJH.

What is the main difference between IDVO and FLJH?

IDVO is categorized as Derivative Income, while FLJH is Japan Equities. They also come from different issuers: Amplify and Franklin Templeton. Their fees differ too: 0.65% for IDVO and 0.09% for FLJH.

Which has better risk-adjusted returns?

FLJH currently has the higher Sharpe Ratio (2.46 vs 2.09), 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.