JAPN.TO vs. FLJH

Last updated Jun 4, 2026

JAPN.TO (CI WisdomTree Japan Equity Index ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both Japan Equities funds - JAPN.TO tracks the WisdomTree Japan Equity Index CAD while FLJH tracks the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Both are passively managed. Over the past 5 years, JAPN.TO returned 25.62%/yr vs 24.26%/yr for FLJH. At a 0.46 correlation, their price movements are largely independent. JAPN.TO charges 0.48%/yr vs 0.09%/yr for FLJH.

Performance

JAPN.TO vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI WisdomTree Japan Equity Index ETF (JAPN.TO) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JAPN.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, JAPN.TO achieves a 19.35% return, which is significantly lower than FLJH's 21.84% return.

JAPN.TO

• 1D: 0.86%
• 1M: 7.38%
• YTD: 19.35%
• 6M: 23.23%
• 1Y: 51.47%
• 3Y*: 33.20%
• 5Y*: 25.62%
• 10Y*: —

FLJH

• 1D: 1.12%
• 1M: 10.76%
• YTD: 21.84%
• 6M: 18.25%
• 1Y: 48.72%
• 3Y*: 29.48%
• 5Y*: 24.26%
• 10Y*: —

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

JAPN.TO vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JAPN.TO CI WisdomTree Japan Equity Index ETF	19.35%	30.66%	29.25%	35.51%	10.82%	16.05%	2.20%	16.56%	-15.95%
FLJH Franklin FTSE Japan Hedged ETF	21.84%	19.51%	36.71%	33.03%	4.18%	11.66%	8.78%	14.42%	-10.56%

Correlation

The correlation between JAPN.TO and FLJH is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.46

Over the past year, JAPN.TO and FLJH have become more correlated (0.72) than their long-term average of 0.46, meaning their price movements have been converging.

JAPN.TO vs. FLJH - Sectors Allocation Comparison

Sectors	JAPN.TO	FLJH
Industrials	27.8%	26.6%
Financial Services	18.9%	15.9%
Consumer Cyclical	16.1%	12.8%
Technology	12.0%	17.4%
Basic Materials	7.8%	4.3%
Healthcare	6.8%	5.9%
Consumer Defensive	4.8%	4.2%
Communication Services	3.8%	7.1%
Energy	1.9%	1.0%
Utilities	0.1%	1.3%
Real Estate	-	3.4%

Return for Risk

JAPN.TO vs. FLJH — Risk / Return Rank

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

JAPN.TO

JAPN.TO Risk / Return Rank: 86
JAPN.TO Sharpe Ratio Rank: 86
JAPN.TO Sortino Ratio Rank: 88
JAPN.TO Omega Ratio Rank: 87
JAPN.TO Calmar Ratio Rank: 85
JAPN.TO Martin Ratio Rank: 84

FLJH

FLJH Risk / Return Rank: 80
FLJH Sharpe Ratio Rank: 79
FLJH Sortino Ratio Rank: 79
FLJH Omega Ratio Rank: 79
FLJH Calmar Ratio Rank: 82
FLJH Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for CI WisdomTree Japan Equity Index ETF (JAPN.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.

	JAPN.TO	FLJH	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.69	+0.18
Sortino ratio: Return per unit of downside risk	4.04	3.65	+0.39
Omega ratio: Gain probability vs. loss probability	1.54	1.49	+0.06
Calmar ratio: Return relative to maximum drawdown	4.66	4.66	0.00
Martin ratio: Return relative to average drawdown	17.52	17.74	-0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAPN.TO vs. FLJH - Sharpe Ratio Comparison

The current JAPN.TO Sharpe Ratio is 2.87, which is comparable to the FLJH Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of JAPN.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.

Sharpe Ratios by Period

	JAPN.TO	FLJH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	2.69	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.36	1.37	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.84	+0.09

Drawdowns

JAPN.TO vs. FLJH - Drawdown Comparison

The maximum JAPN.TO drawdown since its inception was -28.88%, roughly equal to the maximum FLJH drawdown of -27.58%. Use the drawdown chart below to compare losses from any high point for JAPN.TO and FLJH.

Drawdown Indicators

	JAPN.TO	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-27.58%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.09%	-10.50%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	-19.19%	-2.48%
Max Drawdown (5Y) Largest decline over 5 years	-21.67%	-19.19%	-2.48%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.05%	-4.40%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.76%	+0.19%

Volatility

JAPN.TO vs. FLJH - Volatility Comparison

CI WisdomTree Japan Equity Index ETF (JAPN.TO) and Franklin FTSE Japan Hedged ETF (FLJH) have volatilities of 3.65% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAPN.TO	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.55%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	13.47%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	18.20%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	17.80%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	19.03%	+0.64%

JAPN.TO vs. FLJH - Expense Ratio Comparison

JAPN.TO has a 0.48% expense ratio, which is higher than FLJH's 0.09% expense ratio.

Dividends

JAPN.TO vs. FLJH - Dividend Comparison

JAPN.TO's dividend yield for the trailing twelve months is around 2.02%, less than FLJH's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
JAPN.TO CI WisdomTree Japan Equity Index ETF	2.02%	2.08%	1.58%	1.51%	2.59%	1.35%	1.36%	2.12%	0.62%	0.00%

Frequently Asked Questions

Can I hold both JAPN.TO and FLJH in my portfolio?

JAPN.TO and FLJH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JAPN.TO or FLJH?

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.

Which ETF is cheaper, JAPN.TO or FLJH?

FLJH is cheaper with a 0.09% expense ratio, compared with 0.48% for JAPN.TO.

What is the main difference between JAPN.TO and FLJH?

JAPN.TO tracks WisdomTree Japan Equity Index CAD, while FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index. They also come from different issuers: CI Investments and Franklin Templeton. Their fees differ too: 0.48% for JAPN.TO and 0.09% for FLJH.