WES vs. FLJH
WES (Western Midstream Partners, LP) is a stock, while FLJH (Franklin FTSE Japan Hedged ETF) is Japan Equities fund tracking the FTSE Japan RIC Capped Hedged to USD Net Tax Index. Over the past 5 years, WES returned 24.68%/yr vs 20.54%/yr for FLJH. At a 0.28 correlation, their price movements are largely independent.
Performance
WES vs. FLJH - Performance Comparison
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Returns By Period
In the year-to-date period, WES achieves a 17.89% return, which is significantly lower than FLJH's 18.85% return.
WES
- 1D
- 1.43%
- 1M
- -3.17%
- YTD
- 17.89%
- 6M
- 18.16%
- 1Y
- 25.64%
- 3Y*
- 30.48%
- 5Y*
- 24.68%
- 10Y*
- 10.52%
FLJH
- 1D
- 0.82%
- 1M
- 1.43%
- YTD
- 18.85%
- 6M
- 15.00%
- 1Y
- 45.89%
- 3Y*
- 25.97%
- 5Y*
- 20.54%
- 10Y*
- —
WES vs. FLJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WES Western Midstream Partners, LP | 17.89% | 12.77% | 43.58% | 19.46% | 29.29% | 72.31% | -19.13% | -22.65% | -20.23% | -2.36% |
FLJH Franklin FTSE Japan Hedged ETF | 18.85% | 25.26% | 25.89% | 36.02% | -2.75% | 12.68% | 10.65% | 20.34% | -14.66% | 1.26% |
Correlation
The correlation between WES and FLJH is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | 0.28 |
Over the past year, the correlation between WES and FLJH has dropped to 0.05 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
WES vs. FLJH — Risk / Return Rank
WES
FLJH
WES vs. FLJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Midstream Partners, LP (WES) 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.
| WES | FLJH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 4.20 | -1.43 |
| Martin ratioReturn relative to average drawdown | 6.16 | 16.28 | -10.12 |
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Drawdowns
WES vs. FLJH - Drawdown Comparison
The maximum WES drawdown since its inception was -93.66%, which is greater than FLJH's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for WES and FLJH.
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Drawdown Indicators
| WES | FLJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.66% | -31.51% | -62.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -10.80% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -20.39% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -20.39% | -3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -91.90% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -1.30% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -28.49% | -5.30% | -23.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.78% | +1.45% |
Volatility
WES vs. FLJH - Volatility Comparison
Western Midstream Partners, LP (WES) has a higher volatility of 7.47% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 5.20%. This indicates that WES'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.
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Volatility by Period
| WES | FLJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 5.20% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 14.09% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 18.44% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 18.61% | +10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.62% | 19.84% | +26.78% |
Dividends
WES vs. FLJH - Dividend Comparison
WES's dividend yield for the trailing twelve months is around 8.21%, more than FLJH's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLJH Franklin FTSE Japan Hedged ETF | 3.28% | 3.90% | 5.06% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.10% | 0.00% | 0.00% |
WES Western Midstream Partners, LP | 8.21% | 9.13% | 8.33% | 8.52% | 6.80% | 5.69% | 11.25% | 12.45% | 8.28% | 5.43% | 4.03% | 3.86% |
Frequently Asked Questions
WES and FLJH have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WES has higher volatility (7.47%) compared to FLJH (5.20%). In terms of maximum drawdown, WES dropped -93.66% vs FLJH's -31.51%.
FLJH currently has the higher Sharpe Ratio (2.46 vs 1.29), 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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