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SCJ vs. FLJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCJ vs. FLJH

Last updated Aug 2, 2026
Documentation

SCJ (iShares MSCI Japan Small Cap ETF) and FLJH (Franklin FTSE Japan Hedged ETF) are both Japan Equities funds - SCJ tracks the MSCI Japan Small Cap Index while FLJH tracks the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Both are passively managed. Over the past 5 years, SCJ returned 7.87%/yr vs 20.99%/yr for FLJH. Their 0.68 correlation means they have sometimes moved together and sometimes differently. SCJ charges 0.49%/yr vs 0.09%/yr for FLJH.

Performance

SCJ vs. FLJH - Performance Comparison

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

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Returns By Period

In the year-to-date period, SCJ achieves a 15.89% return, which is significantly lower than FLJH's 17.94% return.

SCJ

1D
-0.74%
1M
-1.70%
6M
9.71%
YTD
15.89%
1Y
25.74%
3Y*
17.39%
5Y*
7.87%
10Y*
7.48%
ALL TIME*
6.06%

FLJH

1D
-1.21%
1M
-2.57%
6M
12.39%
YTD
17.94%
1Y
38.04%
3Y*
25.03%
5Y*
20.99%
10Y*
—
ALL TIME*
14.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FLJH

Franklin FTSE Japan Hedged ETF
$717.48K$1.02M$1.16M

SCJ

iShares MSCI Japan Small Cap ETF
$4.19M$4.72M$5.32M

SCJ vs. FLJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCJ
iShares MSCI Japan Small Cap ETF		15.89%29.58%3.41%13.22%-12.75%-2.95%7.46%16.16%-17.17%4.04%
FLJH
Franklin FTSE Japan Hedged ETF		17.94%25.26%25.89%36.02%-2.75%12.68%10.65%20.34%-14.66%1.26%

Correlation

The correlation between SCJ and FLJH is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.65

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.68

The correlation between SCJ and FLJH has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

SCJ vs. FLJH - Sectors Allocation Comparison

Sectors
SCJ
FLJH

Industrials

26.8%
23.5%

Consumer Cyclical

15.3%
12.1%

Technology

14.4%
23.1%

Financial Services

10.3%
16.2%

Basic Materials

9.0%
4.0%

Real Estate

7.5%
2.9%

Consumer Defensive

6.4%
4.0%

Healthcare

5.3%
5.2%

Communication Services

2.7%
7.1%

Utilities

1.8%
1.2%

Energy

0.6%
0.8%

Industrials

SCJ
26.8%
FLJH
23.5%

Consumer Cyclical

SCJ
15.3%
FLJH
12.1%

Technology

SCJ
14.4%
FLJH
23.1%

Financial Services

SCJ
10.3%
FLJH
16.2%

Basic Materials

SCJ
9.0%
FLJH
4.0%

Real Estate

SCJ
7.5%
FLJH
2.9%

Consumer Defensive

SCJ
6.4%
FLJH
4.0%

Healthcare

SCJ
5.3%
FLJH
5.2%

Communication Services

SCJ
2.7%
FLJH
7.1%

Utilities

SCJ
1.8%
FLJH
1.2%

Energy

SCJ
0.6%
FLJH
0.8%

Compare stocks, funds, or ETFs

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

iShares MSCI Japan Small Cap ETF

Franklin FTSE Japan Hedged ETF

Often compared with SCJ:
SCJ vs. DFJSCJ vs. ^N225SCJ vs. EWJSCJ vs. JPXNSCJ vs. FJSCXSCJ vs. EWUSSCJ vs. FLJP
Often compared with FLJH:
FLJH vs. FLJPFLJH vs. EWJVFLJH vs. HEWJFLJH vs. EWJFLJH vs. DBJPFLJH vs. OARKFLJH vs. SCHD

Return for Risk

SCJ vs. FLJH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SCJ
SCJ Risk / Return Rank: 6868
Overall Rank
SCJ Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SCJ Sortino Ratio Rank: 7171
Sortino Ratio Rank
SCJ Omega Ratio Rank: 6868
Omega Ratio Rank
SCJ Calmar Ratio Rank: 6767
Calmar Ratio Rank
SCJ Martin Ratio Rank: 6363
Martin Ratio Rank
FLJH
FLJH Risk / Return Rank: 8383
Overall Rank
FLJH Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FLJH Sortino Ratio Rank: 7979
Sortino Ratio Rank
FLJH Omega Ratio Rank: 8181
Omega Ratio Rank
FLJH Calmar Ratio Rank: 8686
Calmar Ratio Rank
FLJH Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCJ vs. FLJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) 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.

SCJFLJHDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.89

-0.26

Sortino ratioReturn per unit of downside risk
2.30
2.55

-0.25

Omega ratioGain probability vs. loss probability

1.28

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

2.30

3.35

-1.05

Martin ratioReturn relative to average drawdown

7.49

11.93

-4.44

SCJ vs. FLJH - Sharpe Ratio Comparison

The current SCJ Sharpe Ratio is 1.63, which is comparable to the FLJH Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SCJ 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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Drawdowns

SCJ vs. FLJH - Drawdown Comparison

The maximum SCJ drawdown since its inception was -43.52%, which is greater than FLJH's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for SCJ and FLJH.

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Drawdown Indicators

SCJFLJHDifference

Max Drawdown

Largest peak-to-trough decline

-43.52%

-31.51%

-12.01%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-10.80%

-1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-12.43%

-20.39%

+7.96%

Max Drawdown (5Y)

Largest decline over 5 years

-33.25%

-20.39%

-12.86%

Max Drawdown (10Y)

Largest decline over 10 years

-38.87%

—

—

Current Drawdown

Current decline from peak

-3.27%

-5.87%

+2.60%

Average Drawdown

Average peak-to-trough decline

-10.31%

-5.27%

-5.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.74%

3.03%

+0.71%

Volatility

SCJ vs. FLJH - Volatility Comparison

iShares MSCI Japan Small Cap ETF (SCJ) and Franklin FTSE Japan Hedged ETF (FLJH) have volatilities of 6.35% and 6.34%, 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.

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Volatility by Period

SCJFLJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.35%

6.34%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

14.53%

15.23%

-0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

17.23%

19.17%

-1.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

18.75%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.34%

19.88%

-3.54%

SCJ vs. FLJH - Expense Ratio Comparison

SCJ has a 0.49% expense ratio, which is higher than FLJH's 0.09% expense ratio.

Dividends

SCJ vs. FLJH - Dividend Comparison

SCJ's dividend yield for the trailing twelve months is around 2.77%, more than FLJH's 2.55% yield.

PositionTTM20252024202320222021202020192018201720162015
FLJH
Franklin FTSE Japan Hedged ETF		2.55%3.90%5.06%25.59%26.67%1.29%0.00%0.00%5.92%0.10%0.00%0.00%
SCJ
iShares MSCI Japan Small Cap ETF		2.77%3.14%1.79%1.99%1.18%1.87%0.89%1.85%1.44%1.45%2.73%1.53%

Frequently Asked Questions

SCJ and FLJH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCJ has higher volatility (6.35%) compared to FLJH (6.34%). In terms of maximum drawdown, SCJ dropped -43.52% vs FLJH's -31.51%.

On 5-year performance, FLJH leads with 20.99% vs 7.87% for SCJ. On fees, FLJH is cheaper at 0.09% per year. Their volatility is very similar. 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 20.99% return vs 7.87%. 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 0.49% for SCJ.

SCJ has the higher dividend yield at 2.77%, compared with 2.55% for FLJH.

SCJ tracks MSCI Japan Small Cap Index, 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: 0.49% for SCJ and 0.09% for FLJH.

FLJH currently has the higher Sharpe Ratio (1.89 vs 1.63), 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.

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