JPXN vs. FLJH

Last updated Apr 2, 2026

Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and Franklin FTSE Japan Hedged ETF (FLJH).

JPXN and FLJH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. 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 JPXN 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.

Performance

JPXN vs. FLJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares JPX-Nikkei 400 ETF (JPXN) and Franklin FTSE Japan Hedged ETF (FLJH). The values are adjusted to include any dividend payments, if applicable.

JPXN vs. FLJH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPXN iShares JPX-Nikkei 400 ETF	8.03%	26.03%	6.48%	19.69%	-16.29%	0.16%	15.12%	19.40%	-14.87%	2.10%
FLJH Franklin FTSE Japan Hedged ETF	9.29%	25.26%	25.89%	36.02%	-2.75%	12.68%	10.65%	20.34%	-14.66%	1.26%

Returns By Period

In the year-to-date period, JPXN achieves a 8.03% return, which is significantly lower than FLJH's 9.29% return.

JPXN

• 1D: 2.18%
• 1M: -4.41%
• YTD: 8.03%
• 6M: 12.46%
• 1Y: 32.64%
• 3Y*: 17.31%
• 5Y*: 7.27%
• 10Y*: 8.96%

FLJH

• 1D: 2.72%
• 1M: -2.83%
• YTD: 9.29%
• 6M: 17.51%
• 1Y: 40.53%
• 3Y*: 28.77%
• 5Y*: 18.48%
• 10Y*: —

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

JPXN vs. FLJH - Expense Ratio Comparison

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

JPXN

iShares JPX-Nikkei 400 ETF

FLJH

Franklin FTSE Japan Hedged ETF

Return for Risk

JPXN vs. FLJH — Risk / Return Rank

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

JPXN

JPXN Risk / Return Rank: 81
JPXN Sharpe Ratio Rank: 81
JPXN Sortino Ratio Rank: 82
JPXN Omega Ratio Rank: 78
JPXN Calmar Ratio Rank: 82
JPXN Martin Ratio Rank: 81

FLJH

FLJH Risk / Return Rank: 88
FLJH Sharpe Ratio Rank: 85
FLJH Sortino Ratio Rank: 87
FLJH Omega Ratio Rank: 87
FLJH Calmar Ratio Rank: 91
FLJH Martin Ratio Rank: 90

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.

JPXN vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) 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.

	JPXN	FLJH	Difference
Sharpe ratio Return per unit of total volatility	1.59	1.77	-0.19
Sortino ratio Return per unit of downside risk	2.24	2.43	-0.19
Omega ratio Gain probability vs. loss probability	1.31	1.36	-0.05
Calmar ratio Return relative to maximum drawdown	2.45	3.32	-0.87
Martin ratio Return relative to average drawdown	9.35	12.34	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPXN vs. FLJH - Sharpe Ratio Comparison

The current JPXN Sharpe Ratio is 1.59, which is comparable to the FLJH Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of JPXN and FLJH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPXN	FLJH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.77	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.00	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.69	-0.44

Correlation

The correlation between JPXN and FLJH is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JPXN vs. FLJH - Dividend Comparison

JPXN's dividend yield for the trailing twelve months is around 2.91%, less than FLJH's 3.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPXN iShares JPX-Nikkei 400 ETF	2.91%	3.14%	2.29%	2.57%	1.47%	2.63%	1.27%	1.92%	1.60%	1.50%	2.07%	1.32%
FLJH Franklin FTSE Japan Hedged ETF	3.57%	3.90%	5.06%	25.59%	26.67%	1.29%	0.00%	0.00%	5.92%	0.10%	0.00%	0.00%

Drawdowns

JPXN vs. FLJH - Drawdown Comparison

The maximum JPXN drawdown since its inception was -55.54%, which is greater than FLJH's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for JPXN and FLJH.

Drawdown Indicators

	JPXN	FLJH	Difference
Max Drawdown Largest peak-to-trough decline	-55.54%	-31.51%	-24.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-11.83%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-33.21%	-20.39%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-33.21%	—	—
Current Drawdown Current decline from peak	-7.51%	-5.01%	-2.50%
Average Drawdown Average peak-to-trough decline	-15.14%	-5.39%	-9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	3.19%	+0.24%

Volatility

JPXN vs. FLJH - Volatility Comparison

iShares JPX-Nikkei 400 ETF (JPXN) has a higher volatility of 8.66% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 7.76%. This indicates that JPXN'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

	JPXN	FLJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.66%	7.76%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	14.50%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	20.68%	23.00%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	18.50%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	19.90%	-2.83%