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THD vs. FLJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

THD vs. FLJP

Last updated Jul 14, 2026
Documentation

THD (iShares MSCI Thailand ETF) and FLJP (Franklin FTSE Japan ETF) are both exchange-traded funds - THD is a Asia Pacific Equities fund tracking the MSCI Thailand Investable Market Index, while FLJP is a Japan Equities fund tracking the FTSE Japan RIC Capped Index. Both are passively managed. Over the past 5 years, THD returned 2.34%/yr vs 9.01%/yr for FLJP. At a 0.47 correlation, their price movements are largely independent. THD charges 0.59%/yr vs 0.09%/yr for FLJP.

Performance

THD vs. FLJP - Performance Comparison

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

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Returns By Period

In the year-to-date period, THD achieves a 24.07% return, which is significantly higher than FLJP's 15.38% return.

THD

1D
-0.25%
1M
-0.67%
6M
23.88%
YTD
24.07%
1Y
44.59%
3Y*
5.97%
5Y*
2.34%
10Y*
2.94%

FLJP

1D
-1.93%
1M
0.47%
6M
9.32%
YTD
15.38%
1Y
33.32%
3Y*
17.74%
5Y*
9.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

THD vs. FLJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
THD
iShares MSCI Thailand ETF		24.07%2.36%-2.21%-12.63%1.22%1.87%-9.89%8.32%-8.25%6.26%
FLJP
Franklin FTSE Japan ETF		15.38%26.79%6.99%20.00%-16.57%0.99%15.76%18.99%-14.01%2.53%

Correlation

The correlation between THD and FLJP 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

0.40

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

0.45

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

0.47

THD vs. FLJP - Sectors Allocation Comparison

Sectors
THD
FLJP

Industrials

31.1%
25.2%

Energy

13.5%
0.9%

Financial Services

11.1%
15.8%

Communication Services

9.8%
8.0%

Consumer Defensive

7.5%
4.0%

Utilities

7.0%
1.2%

Healthcare

6.1%
5.5%

Real Estate

5.0%
2.9%

Consumer Cyclical

4.7%
12.7%

Basic Materials

2.9%
4.4%

Technology

1.2%
19.4%

Industrials

THD
31.1%
FLJP
25.2%

Energy

THD
13.5%
FLJP
0.9%

Financial Services

THD
11.1%
FLJP
15.8%

Communication Services

THD
9.8%
FLJP
8.0%

Consumer Defensive

THD
7.5%
FLJP
4.0%

Utilities

THD
7.0%
FLJP
1.2%

Healthcare

THD
6.1%
FLJP
5.5%

Real Estate

THD
5.0%
FLJP
2.9%

Consumer Cyclical

THD
4.7%
FLJP
12.7%

Basic Materials

THD
2.9%
FLJP
4.4%

Technology

THD
1.2%
FLJP
19.4%

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 Thailand ETF

Franklin FTSE Japan ETF

Often compared with THD:
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Often compared with FLJP:
FLJP vs. EWJFLJP vs. FLJHFLJP vs. EWJVFLJP vs. DXJFLJP vs. BBJPFLJP vs. JPXNFLJP vs. FLKR

Return for Risk

THD vs. FLJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THD
THD Risk / Return Rank: 7474
Overall Rank
THD Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
THD Sortino Ratio Rank: 7575
Sortino Ratio Rank
THD Omega Ratio Rank: 6969
Omega Ratio Rank
THD Calmar Ratio Rank: 8181
Calmar Ratio Rank
THD Martin Ratio Rank: 6868
Martin Ratio Rank
FLJP
FLJP Risk / Return Rank: 6464
Overall Rank
FLJP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FLJP Sortino Ratio Rank: 6464
Sortino Ratio Rank
FLJP Omega Ratio Rank: 6666
Omega Ratio Rank
FLJP Calmar Ratio Rank: 6363
Calmar Ratio Rank
FLJP Martin Ratio Rank: 6262
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.

THD vs. FLJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) and Franklin FTSE Japan ETF (FLJP). 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.

THDFLJPDifference
Sharpe ratioReturn per unit of total volatility
1.97
1.68

+0.29

Sortino ratioReturn per unit of downside risk
2.68
2.35

+0.33

Omega ratioGain probability vs. loss probability

1.32

1.31

+0.01

Calmar ratioReturn relative to maximum drawdown

3.41

2.52

+0.90

Martin ratioReturn relative to average drawdown

9.81

8.73

+1.09

THD vs. FLJP - Sharpe Ratio Comparison

The current THD Sharpe Ratio is 1.97, which is comparable to the FLJP Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of THD and FLJP, 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

THD vs. FLJP - Drawdown Comparison

The maximum THD drawdown since its inception was -64.22%, which is greater than FLJP's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for THD and FLJP.

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Drawdown Indicators

THDFLJPDifference

Max Drawdown

Largest peak-to-trough decline

-64.22%

-32.49%

-31.73%

Max Drawdown (1Y)

Largest decline over 1 year

-13.12%

-13.30%

+0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-34.11%

-14.17%

-19.94%

Max Drawdown (5Y)

Largest decline over 5 years

-40.24%

-32.49%

-7.75%

Max Drawdown (10Y)

Largest decline over 10 years

-49.32%

—

—

Current Drawdown

Current decline from peak

-8.89%

-3.76%

-5.13%

Average Drawdown

Average peak-to-trough decline

-18.23%

-9.28%

-8.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.56%

3.83%

+0.73%

Volatility

THD vs. FLJP - Volatility Comparison

iShares MSCI Thailand ETF (THD) and Franklin FTSE Japan ETF (FLJP) have volatilities of 6.87% and 7.03%, 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

THDFLJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.87%

7.03%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

18.87%

16.37%

+2.50%

Volatility (1Y)

Calculated over the trailing 1-year period

22.75%

19.95%

+2.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.00%

17.99%

+2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.59%

17.89%

+3.70%

THD vs. FLJP - Expense Ratio Comparison

THD has a 0.59% expense ratio, which is higher than FLJP's 0.09% expense ratio.

Dividends

THD vs. FLJP - Dividend Comparison

THD's dividend yield for the trailing twelve months is around 3.49%, less than FLJP's 4.27% yield.

PositionTTM20252024202320222021202020192018201720162015
FLJP
Franklin FTSE Japan ETF		4.27%5.15%4.56%3.00%1.92%2.40%1.51%2.26%1.50%0.10%0.00%0.00%
THD
iShares MSCI Thailand ETF		3.49%3.36%3.15%2.92%2.41%3.16%2.31%2.42%2.57%2.16%2.61%3.58%

Frequently Asked Questions

THD and FLJP 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.

FLJP has higher volatility (7.03%) compared to THD (6.87%). In terms of maximum drawdown, THD dropped -64.22% vs FLJP's -32.49%.

On 5-year performance, FLJP leads with 9.01% vs 2.34% for THD. On fees, FLJP is cheaper at 0.09% per year. On volatility, THD has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLJP has performed better with a 9.01% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLJP is cheaper with a 0.09% expense ratio, compared with 0.59% for THD.

FLJP has the higher dividend yield at 4.27%, compared with 3.49% for THD.

THD is categorized as Asia Pacific Equities, while FLJP is Japan Equities. THD tracks MSCI Thailand Investable Market Index, while FLJP tracks FTSE Japan RIC Capped Index. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.59% for THD and 0.09% for FLJP.

THD currently has the higher Sharpe Ratio (1.97 vs 1.68), 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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