Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Franklin FTSE Japan Hedged ETF
$46.60−0.06 (−0.13%)
- 0.09%
- $209M
- +38.7%
- 5.87%
- 0M sh
- $46.47
- low $36.35high $47.58
The ETF.net FLJH Grade
A
Score 74 out of 100
- 3 of 18
Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 1 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 3 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 8 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 5 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 12 of 18
Our read on FLJH
AJapan stocks with the yen taken out of the equation. FLJH hedges the currency back to dollars for 0.09% a year, the same fee as Franklin's unhedged twin and a fraction of the typical Japan fund.
The Fund seeks to closely track, before fees and expenses, the performance of the FTSE Japan Capped Hedged Index through passive indexing, using replication or representative sampling.
Why people hold it
- 0.09% a year. Currency hedging usually carries a surcharge; here it costs the same as Franklin's unhedged FLJP and far less than the median Japan fund.
- The hedge is the whole point: it aims to strip out yen-dollar moves so what you own is Japanese share prices, not a bet on the currency.
- Broad and deliberately un-top-heavy: roughly 500 Japanese companies tracked through a capped index, so no single name can swell into an outsized slice.
- Live since 2017 and one of the stronger builds in a crowded Japan peer group of index trackers.
Worth knowing
- The hedge cuts both ways. When the yen strengthens against the dollar, you give up the tailwind an unhedged Japan fund would capture.
- Thinly traded and small next to the Japan heavyweights, so bid-ask spreads can run wider than headline fee comparisons suggest.
- Distributions land once or twice a year, not monthly or quarterly, so income arrives in lumps.
FLJH Holdings
- Stocks
- 448
- 26%
- 8306.T
Sectors
- Industrials23.4%
- Technology20.4%
- Financials18.1%
- Consumer Discretionary12.0%
- Communication8.5%
- Health Care5.2%
- Consumer Staples4.0%
- Materials3.9%
- Real Estate2.5%
- Utilities1.2%
- Energy0.9%
Geography
- Japan100.00%
Developed 100% · Emerging 0%
FLJH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FLJH$13,869
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLJH |
|---|---|
| Year to date | +24.6% |
| 1 month | +2.3% |
| 3 months | +1.0% |
| 1 year | +38.7% |
| 3 years | +28.4% |
| 5 years | +22.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLJH |
|---|---|---|
| 2026 YTD | +24.6% | |
| 2025 | +30.6% | |
| 2024 | +25.9% | |
| 2023 | +36.2% | |
| 2022 | −2.6% | |
| 2021 | +12.7% | |
| 2020 | +10.6% |
FLJH in the news
FLJH Dividends
- 5.87%
- $2.74
- $0.29 per share
- Twice a year
Distribution history
FLJH Risk
- 12.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLJH Cost
0.09%
FLJH0.09%
- The middle half of Japan funds
- Median 0.54%
No Japan fund charges less.
Other funds in Japan
- AFLJPFranklin FTSE Japan ETFExpense ratio 0.09%1 year return +28.8%
- ABBJPJPMorgan BetaBuilders Japan ETFExpense ratio 0.19%1 year return +27.6%
- AJPXNiShares JPX-Nikkei 400 ETFExpense ratio 0.48%1 year return +29.2%
- ASCJiShares MSCI Japan Small-Cap ETFExpense ratio 0.50%1 year return +28.2%
- AEWJiShares MSCI Japan ETFExpense ratio 0.49%1 year return +29.6%