PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
JPXN vs. FLJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPXN vs. FLJH

Last updated Jun 5, 2026

JPXN (iShares JPX-Nikkei 400 ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both Japan Equities funds - JPXN tracks the JPX-Nikkei Index 400 while FLJH tracks the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Both are passively managed. Over the past 5 years, JPXN returned 8.72%/yr vs 20.83%/yr for FLJH. A 0.78 correlation means they provide meaningful diversification when combined. JPXN charges 0.48%/yr vs 0.09%/yr for FLJH.

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.

Loading charts...

Returns By Period

In the year-to-date period, JPXN achieves a 15.82% return, which is significantly lower than FLJH's 20.41% return.

JPXN

1D
0.09%
1M
4.27%
YTD
15.82%
6M
16.06%
1Y
30.74%
3Y*
17.95%
5Y*
8.72%
10Y*
9.05%

FLJH

1D
0.09%
1M
7.06%
YTD
20.41%
6M
17.72%
1Y
48.16%
3Y*
28.28%
5Y*
20.83%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPXN vs. FLJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPXN
iShares JPX-Nikkei 400 ETF		15.82%26.03%6.48%19.69%-16.29%0.16%15.12%19.40%-14.87%2.10%
FLJH
Franklin FTSE Japan Hedged ETF		20.41%25.26%25.89%36.02%-2.75%12.68%10.65%20.34%-14.66%1.26%

Correlation

The correlation between JPXN and FLJH is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

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

0.81

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

0.81

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

0.78

The correlation between JPXN and FLJH has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

JPXN vs. FLJH - Sectors Allocation Comparison

Sectors
JPXN
FLJH

Industrials

28.3%
26.6%

Technology

17.3%
17.4%

Financial Services

13.7%
15.9%

Consumer Cyclical

11.3%
12.8%

Communication Services

7.8%
7.1%

Healthcare

6.2%
5.9%

Basic Materials

5.0%
4.3%

Consumer Defensive

4.8%
4.2%

Real Estate

2.8%
3.4%

Utilities

1.6%
1.3%

Energy

1.4%
1.0%

Industrials

JPXN
28.3%
FLJH
26.6%

Technology

JPXN
17.3%
FLJH
17.4%

Financial Services

JPXN
13.7%
FLJH
15.9%

Consumer Cyclical

JPXN
11.3%
FLJH
12.8%

Communication Services

JPXN
7.8%
FLJH
7.1%

Healthcare

JPXN
6.2%
FLJH
5.9%

Basic Materials

JPXN
5.0%
FLJH
4.3%

Consumer Defensive

JPXN
4.8%
FLJH
4.2%

Real Estate

JPXN
2.8%
FLJH
3.4%

Utilities

JPXN
1.6%
FLJH
1.3%

Energy

JPXN
1.4%
FLJH
1.0%

Compare stocks, funds, or ETFs

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

iShares JPX-Nikkei 400 ETF

Franklin FTSE Japan Hedged ETF

Often compared with JPXN:
JPXN vs. EWJJPXN vs. DXJJPXN vs. FLJPJPXN vs. XDJP.DEJPXN vs. VOOJPXN vs. FJPNXJPXN vs. SCJ
Often compared with FLJH:
FLJH vs. FLJPFLJH vs. EWJVFLJH vs. HEWJFLJH vs. DBJPFLJH vs. SCHDFLJH vs. EWJFLJH vs. OARK

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: 4949
Overall Rank
JPXN Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
JPXN Sortino Ratio Rank: 5050
Sortino Ratio Rank
JPXN Omega Ratio Rank: 5050
Omega Ratio Rank
JPXN Calmar Ratio Rank: 4949
Calmar Ratio Rank
JPXN Martin Ratio Rank: 5050
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.

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.

JPXNFLJHDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.70

-1.05

Sortino ratioReturn per unit of downside risk
2.39
3.70

-1.31

Omega ratioGain probability vs. loss probability

1.31

1.50

-0.19

Calmar ratioReturn relative to maximum drawdown

2.36

4.48

-2.13

Martin ratioReturn relative to average drawdown

8.20

17.57

-9.37

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 1.65, which is lower than the FLJH Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of JPXN 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.

Loading charts...

Sharpe Ratios by Period

JPXNFLJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

2.70

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

1.13

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.75

-0.48

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.

Loading charts...

Drawdown Indicators

JPXNFLJHDifference

Max Drawdown

Largest peak-to-trough decline

-55.54%

-31.51%

-24.03%

Max Drawdown (1Y)

Largest decline over 1 year

-13.11%

-10.80%

-2.31%

Max Drawdown (3Y)

Largest decline over 3 years

-13.95%

-20.39%

+6.44%

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

-0.84%

0.00%

-0.84%

Average Drawdown

Average peak-to-trough decline

-15.06%

-5.31%

-9.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

2.75%

+1.01%

Volatility

JPXN vs. FLJH - Volatility Comparison

iShares JPX-Nikkei 400 ETF (JPXN) has a higher volatility of 4.26% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 3.25%. 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.

Loading charts...

Volatility by Period

JPXNFLJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

3.25%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

14.68%

13.38%

+1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

18.76%

17.97%

+0.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.69%

18.51%

-0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.06%

19.82%

-2.76%

JPXN vs. FLJH - Expense Ratio Comparison

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

Dividends

JPXN vs. FLJH - Dividend Comparison

JPXN's dividend yield for the trailing twelve months is around 2.71%, less than FLJH's 3.24% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
JPXN
iShares JPX-Nikkei 400 ETF		2.71%3.14%2.29%2.57%1.47%2.63%1.27%1.92%1.60%1.50%2.07%1.32%

Frequently Asked Questions

JPXN and FLJH have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JPXN has higher volatility (4.26%) compared to FLJH (3.25%). In terms of maximum drawdown, JPXN dropped -55.54% vs FLJH's -31.51%.

On 5-year performance, FLJH leads with 20.83% vs 8.72% for JPXN. On fees, FLJH is cheaper at 0.09% per year. On volatility, FLJH has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLJH has performed better with a 20.83% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

FLJH has the higher dividend yield at 3.24%, compared with 2.71% for JPXN.

JPXN tracks JPX-Nikkei Index 400, while FLJH tracks FTSE Japan RIC Capped Hedged to USD Net Tax Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.48% for JPXN and 0.09% for FLJH.

FLJH currently has the higher Sharpe Ratio (2.70 vs 1.65), 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.

Portfolio Optimizer

Find the right allocation for JPXN and FLJH

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer