SPXJ.L vs. FRXT.L

Last updated Jun 5, 2026

SPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and FRXT.L (Franklin FTSE Taiwan UCITS ETF) are both Asia Pacific Equities funds - SPXJ.L tracks the MSCI Pacific Ex Japan NR USD while FRXT.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 3 years, SPXJ.L returned 10.06%/yr vs 41.30%/yr for FRXT.L. At a 0.46 correlation, their price movements are largely independent. SPXJ.L charges 0.60%/yr vs 0.19%/yr for FRXT.L.

Performance

SPXJ.L vs. FRXT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and Franklin FTSE Taiwan UCITS ETF (FRXT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPXJ.L is traded in GBp, while FRXT.L is traded in GBP. To make them comparable, the FRXT.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPXJ.L achieves a 8.56% return, which is significantly lower than FRXT.L's 67.83% return.

SPXJ.L

• 1D: -0.92%
• 1M: 0.58%
• YTD: 8.56%
• 6M: 9.23%
• 1Y: 16.64%
• 3Y*: 10.06%
• 5Y*: 5.56%
• 10Y*: 8.40%

FRXT.L

• 1D: -1.47%
• 1M: 15.57%
• YTD: 67.83%
• 6M: 73.29%
• 1Y: 121.18%
• 3Y*: 41.30%
• 5Y*: —
• 10Y*: —

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

SPXJ.L vs. FRXT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	8.56%	11.54%	7.16%	-1.01%	0.20%
FRXT.L Franklin FTSE Taiwan UCITS ETF	67.83%	25.34%	25.66%	22.61%	-17.25%

Correlation

The correlation between SPXJ.L and FRXT.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022	0.46

Return for Risk

SPXJ.L vs. FRXT.L — Risk / Return Rank

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

SPXJ.L

SPXJ.L Risk / Return Rank: 45
SPXJ.L Sharpe Ratio Rank: 44
SPXJ.L Sortino Ratio Rank: 46
SPXJ.L Omega Ratio Rank: 43
SPXJ.L Calmar Ratio Rank: 47
SPXJ.L Martin Ratio Rank: 43

FRXT.L

FRXT.L Risk / Return Rank: 97
FRXT.L Sharpe Ratio Rank: 98
FRXT.L Sortino Ratio Rank: 97
FRXT.L Omega Ratio Rank: 97
FRXT.L Calmar Ratio Rank: 98
FRXT.L Martin Ratio Rank: 96

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.

SPXJ.L vs. FRXT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and Franklin FTSE Taiwan UCITS ETF (FRXT.L). 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.

	SPXJ.L	FRXT.L	Difference
Sharpe ratio: Return per unit of total volatility	1.52	5.43	-3.91
Sortino ratio: Return per unit of downside risk	2.23	6.12	-3.89
Omega ratio: Gain probability vs. loss probability	1.27	1.87	-0.60
Calmar ratio: Return relative to maximum drawdown	2.30	13.25	-10.95
Martin ratio: Return relative to average drawdown	6.86	38.41	-31.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXJ.L vs. FRXT.L - Sharpe Ratio Comparison

The current SPXJ.L Sharpe Ratio is 1.52, which is lower than the FRXT.L Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of SPXJ.L and FRXT.L, 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

	SPXJ.L	FRXT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	5.43	-3.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.28	-0.72

Drawdowns

SPXJ.L vs. FRXT.L - Drawdown Comparison

The maximum SPXJ.L drawdown since its inception was -32.61%, which is greater than FRXT.L's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for SPXJ.L and FRXT.L.

Drawdown Indicators

	SPXJ.L	FRXT.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.61%	-28.86%	-3.75%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-9.09%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	-28.86%	+11.24%
Max Drawdown (5Y) Largest decline over 5 years	-17.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.61%	—	—
Current Drawdown Current decline from peak	-3.28%	-1.57%	-1.71%
Average Drawdown Average peak-to-trough decline	-6.57%	-6.95%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	3.14%	-0.69%

Volatility

SPXJ.L vs. FRXT.L - Volatility Comparison

The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) is 3.81%, while Franklin FTSE Taiwan UCITS ETF (FRXT.L) has a volatility of 9.21%. This indicates that SPXJ.L experiences smaller price fluctuations and is considered to be less risky than FRXT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXJ.L	FRXT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	9.21%	-5.40%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	17.85%	-9.26%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	22.19%	-11.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	20.73%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	20.73%	-3.33%

SPXJ.L vs. FRXT.L - Expense Ratio Comparison

SPXJ.L has a 0.60% expense ratio, which is higher than FRXT.L's 0.19% expense ratio.

Dividends

SPXJ.L vs. FRXT.L - Dividend Comparison

SPXJ.L's dividend yield for the trailing twelve months is around 2.80%, while FRXT.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRXT.L Franklin FTSE Taiwan UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	2.80%	2.93%	3.42%	3.60%	3.75%	2.84%	2.63%	3.63%	3.71%	3.36%	3.20%	3.30%

Frequently Asked Questions

Can I hold both SPXJ.L and FRXT.L in my portfolio?

SPXJ.L and FRXT.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXJ.L or FRXT.L?

On fees, FRXT.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXJ.L or FRXT.L?

FRXT.L is cheaper with a 0.19% expense ratio, compared with 0.60% for SPXJ.L.

What is the main difference between SPXJ.L and FRXT.L?

SPXJ.L tracks MSCI Pacific Ex Japan NR USD, while FRXT.L tracks MSCI Taiwan NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.60% for SPXJ.L and 0.19% for FRXT.L.