DFJ vs FLJP: Grades, Fees and Holdings Compared

WisdomTree Japan SmallCap Dividend Fund

DFJBNYSE Arca

Franklin FTSE Japan ETF

FLJPANYSE Arca

Overlap

2.8%by weight

Expense ratio

FLJP −0.49pt a year

DFJ0.58%FLJP0.09%

Avg volume · 30D

FLJP 32.0×the volume

DFJ30.5KFLJP976K

5Y return · a year

DFJ +1.9pt

DFJ+10.8%FLJP+8.9%

DFJ vs FLJP Performance

Nov 2, 2021 – Nov 2, 2026

+67.2%DFJ+53.0%FLJP

Expense ratio: DFJ 0.58%; FLJP 0.09%, better
Fund size: DFJ $435M; FLJP $4.27B
1Y total return: DFJ +24.4%, better; FLJP +16.5%
Yield (12M): DFJ 2.50%; FLJP 4.26%, better
Holdings: DFJ 929; FLJP 447
Avg volume (30D): DFJ 30.5K sh; FLJP 976K sh, better
NAV per share: DFJ $111.44; FLJP $39.98
52W range

ETF.net Grade

Pillar letters and Scores for DFJ, FLJP, with each pillar’s weight
Pillar	DFJ	FLJP
Cost30% weight	C44	A97Higher
Mission25% weight	A83	A100Higher
Risk15% weight	A72Higher	C49
Tradability15% weight	B69	A73Higher
Holdings10% weight	A88Higher	A74
Durability5% weight	B64Higher	B61

Rank among Japan funds

How we build Categories ›

Same Category. DFJ and FLJP are both graded against the same 18 Japan funds, so their Grades compare head to head.

Japan⁠

Category · 18 funds

See all 18 ›

FLJP ranks 1st and DFJ 8th of 18 funds in the Japan Category.

Rank 1AFLJPFranklin FTSE Japan ETFScore 82
Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 80
Rank 7BGSJYGoldman Sachs ActiveBeta Japan Equity ETFScore 68
Rank 8BDFJWisdomTree Japan SmallCap Dividend FundScore 66
Rank 9BDBJPXtrackers MSCI Japan Hedged Equity ETFScore 63

Our read on each fund

ETF.net Research

DFJBWisdomTree Japan SmallCap Dividend Fund

FLJPAFranklin FTSE Japan ETF

In short

DFJ Japan's small caps, filtered down to the ones that actually pay dividends. Running since 2006, holding roughly 800 names and sending cash out every quarter.

FLJP Japan's whole market for nine basis points. FLJP tracks the FTSE Japan RIC Capped Index across roughly 500 stocks at 0.09%, a fraction of what the typical Japan fund charges.

Stated mandate

DFJ The fund provides exposure to Japanese small-cap equities issued by companies that pay dividends.

FLJP The fund seeks to track, before fees and expenses, the performance of the FTSE Japan RIC Capped Index.

Why people hold it

DFJ The dividend screen does the work: holdings are Japanese small caps that pay out, not the whole sprawling small-cap universe.
Roughly 800 holdings, so no single Japanese small cap steers the fund.
Launched in 2006, with a long track record through Japan's deflation years and its corporate governance overhaul.
Distributions land quarterly, tracking a rules-based index rather than a manager's stock picks.

FLJP 0.09% a year, against a Japan-cohort median near 0.50%. Same country, same broad exposure, a fraction of the toll.
Roughly 500 names via the FTSE Japan RIC Capped Index, whose capping rules trim outsized positions so no single stock runs away with the portfolio.
Running since 2017 and now a multi-billion-dollar, actively traded fund, it tracks its index tightly and ranks among the strongest builds in its Japan peer group.
Cheaper than the bigger brand-name Japan trackers it competes with, including EWJ at 0.49% and BBJP at 0.19%.

Worth knowing

DFJ At 0.58% a year, it costs more than the typical Japan fund, and plain-beta rivals FLJP (0.09%) and BBJP (0.19%) charge a fraction of it.
Trades lighter than the headline Japan funds, so spreads and limit orders matter, especially on larger tickets.
Screening for dividend payers leaves out Japanese small caps that reinvest instead of paying, a real tilt away from the full market.

FLJP The yen rides along. Currency moves hit returns here; Franklin's hedged twin, FLJH, strips that out for the same 0.09%.
One country, one market cycle. Everything inside depends on Japan, so this is a slice of a portfolio rather than a diversified core.
Distributions land annually or semiannually, not monthly, so cash flow arrives in lumps.

Full DFJ profile⁠

Full FLJP profile⁠

DFJ vs FLJP Holdings

How DFJ and FLJP differ

Overlap by weight

2.8%

Shared holdings make up 17.1% of DFJ and 2.8% of FLJP.

Level by level

Holdings79 in both2.8%
Sector11 Sectors76.9%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in DFJ and FLJP, widest gap first
Sector	More in DFJMore in FLJP	DFJ	FLJP
Materials	DFJ +10.4 points	14.2%	3.8%
Technology	FLJP +8.1 points	12.3%	20.4%
Financials	FLJP +7.2 points	10.8%	18.1%
Communication	FLJP +6.8 points	1.7%	8.5%
Consumer Discretionary	DFJ +4.8 points	16.7%	11.9%
Industrials	DFJ +3.7 points	27.2%	23.5%
Consumer Staples	DFJ +3.5 points	7.5%	4.0%
Health Care	FLJP +0.7 points	4.5%	5.2%
Utilities	DFJ +0.7 points	1.9%	1.2%
Energy	FLJP +0.4 points	0.5%	0.9%
Real Estate	DFJ +0.1 points	2.5%	2.5%

Country, concentration and asset class

Country by domicile

Country weights in DFJ and FLJP, widest gap first
Country	More in DFJMore in FLJP	DFJ	FLJP
Japan	Same weight	100.0%	100.0%

Outside the US: DFJ 100% developed, 0% emerging. FLJP 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DFJ5.5%
FLJP25.1%

Securities held

DFJ926
FLJP444

Asset class

DFJ: Equity
FLJP: Equity

Holdings

Only in DFJ847
In both79
Only in FLJP365

Only in DFJ

847 securities, 81.6% of DFJ by weight

Nippon Shokubai Co Ltd0.55%
Sanki Engineering Co Ltd0.50%
ADEKA Corp0.49%
Exedy Corp0.49%
Hazama Ando Corp0.45%
Kanematsu Corp0.45%
Suruga Bank Ltd0.41%
UBE Corp0.39%
Juroku Financial Group Inc0.38%
Inaba Denki Sangyo Co Ltd0.37%
North Pacific Bank Ltd0.36%
Aica Kogyo Co Ltd0.36%
Nippon Gas Co Ltd0.36%
Nippon Kayaku Co Ltd0.36%
Lintec Corp0.35%
Dai-Dan Co Ltd0.34%
Shikoku Electric Power Co Inc0.34%
Matsui Securities Co Ltd0.33%
Rengo Co Ltd0.32%
Hanwa Co Ltd0.31%
Toa Corp0.31%
Senko Group Holdings Co Ltd0.31%
Meitec Group Holdings Inc0.31%
Itochu Enex Co Ltd0.31%
Relo Group Inc0.29%
Sankyo Co Ltd0.29%
San-In Godo Bank Ltd/The0.29%
Bank of Nagoya Ltd/The0.29%
Pola Orbis Holdings Inc0.29%
Daiwabo Holdings Co Ltd0.28%
Tokyo Kiraboshi Financial Grp0.28%
Takeuchi Mfg Co0.28%
Nanto Bank Ltd/The0.28%
Tokai Carbon Co Ltd0.27%
Meidensha Corp0.27%
Okinawa Cellular Telephone0.27%
Anritsu Corp0.27%
Tokuyama Corp0.27%
Aichi Financial Group Inc0.27%
Tsumura & Co0.27%
Hyakujushi Bank Ltd/The0.26%
Pigeon Corp0.26%
Amano Corp0.25%
Kurabo Industries Ltd0.25%
Awa Bank Ltd/The0.25%
Tokai Tokyo Financial Holdings Inc0.25%
Nohmi Bosai Ltd0.25%
AOKI Holdings Inc0.25%
Okasan Securities Group Inc0.25%
San ju San Financial Group Inc0.24%

Only in FLJP

365 securities, 97.2% of FLJP by weight

Mitsubishi Ufj Financial3.83%
Toyota Motor Corp3.29%
Recruit Holdings Co Ltd2.64%
Advantest Corp2.58%
Sony Group Corp2.39%
Sumitomo Mitsui Financial2.39%
Hitachi Ltd2.29%
Tokyo Electron Ltd2.14%
Mizuho Financial Group In1.87%
Softbank Group Corp1.72%
Tokio Marine Holdings Inc1.63%
Kioxia Holdings Corp1.60%
Mitsubishi Corp1.55%
Keyence Corp1.49%
Itochu Corp1.49%
Fast Retailing Co Ltd1.40%
Mitsui & Co Ltd1.26%
Mitsubishi Heavy Industri1.14%
Murata Manufacturing Co L1.13%
Takeda Pharmaceutical Co1.09%
Shin-Etsu Chemical Co Ltd1.09%
Mitsubishi Electric Corp0.95%
Hoya Corp0.90%
Nintendo Co Ltd0.88%
Panasonic Holdings Corp0.84%
Japan Tobacco Inc0.81%
Kddi Corp0.80%
Net Current Assets0.80%
Marubeni Corp0.74%
Sumitomo Corp0.70%
MS&AD Insurance Group Hol0.70%
Softbank Corp0.69%
Honda Motor Co Ltd0.68%
Orix Corp0.67%
Fujikura Ltd0.65%
Daiichi Life Group Inc0.63%
Fujitsu Limited0.62%
Sompo Holdings Inc0.62%
Nec Corp0.60%
Daikin Industries Ltd0.57%
Komatsu Ltd0.56%
Japan Post Bank Co Ltd0.55%
Fanuc Corp0.54%
Otsuka Holdings Co Ltd0.54%
Sumitomo Electric Industr0.54%
Daiichi Sankyo Co Ltd0.50%
Resona Holdings Inc0.50%
Tdk Corp0.50%
Ajinomoto Co Inc0.49%
Ntt Inc0.48%

Weight gaps

All 79 Holdings in both funds, largest gap first.

Holding weights in DFJ and FLJP, widest gap first
Holding	More in DFJMore in FLJP	DFJ	FLJP
Seino Holdings Corp	DFJ +0.47 points	0.50%	0.03%
Zeon Corp	DFJ +0.42 points	0.45%	0.03%
NSK Ltd	DFJ +0.38 points	0.43%	0.05%
Casio Computer Co Ltd	DFJ +0.38 points	0.43%	0.05%
Daicel Corp	DFJ +0.36 points	0.39%	0.03%
Seven Bank Ltd	DFJ +0.34 points	0.36%	0.02%
Aozora Bank Ltd	DFJ +0.32 points	0.35%	0.03%
Chugoku Electric Power Co Inc/	DFJ +0.32 points	0.35%	0.03%
Toda Corp	DFJ +0.31 points	0.34%	0.03%
Alfresa Holdings Corp	DFJ +0.31 points	0.35%	0.04%
Kaneka Corp	DFJ +0.31 points	0.34%	0.03%
Daido Steel Co Ltd	DFJ +0.31 points	0.34%	0.03%
Alps Alpine Co Ltd	DFJ +0.29 points	0.33%	0.04%
Dowa Holdings Co Ltd	DFJ +0.29 points	0.33%	0.04%
Iwatani Corp	DFJ +0.27 points	0.31%	0.04%
Nagase & Co Ltd	DFJ +0.27 points	0.32%	0.05%
Koei Tecmo Holdings Co Ltd	DFJ +0.27 points	0.29%	0.02%
Lixil Corp	DFJ +0.26 points	0.31%	0.05%
Marui Group Co Ltd	DFJ +0.26 points	0.30%	0.04%
DIC Corp	DFJ +0.26 points	0.30%	0.04%
Mabuchi Motor Co	DFJ +0.24 points	0.27%	0.03%
Dexerials Corp.	DFJ +0.23 points	0.28%	0.05%
Kamigumi Co	DFJ +0.23 points	0.27%	0.04%
Sumitomo Rubber Industries Ltd	DFJ +0.22 points	0.26%	0.04%
Morinaga Milk Industry Co Ltd	DFJ +0.21 points	0.24%	0.03%
Teijin Ltd	DFJ +0.21 points	0.24%	0.03%
Resorttrust Inc	DFJ +0.21 points	0.24%	0.03%
DMG Mori Co Ltd	DFJ +0.21 points	0.24%	0.04%
Takara Holdings Inc	DFJ +0.20 points	0.24%	0.04%
Kansai Paint Co Ltd	DFJ +0.20 points	0.25%	0.05%
Kyushu Railway Company	DFJ +0.18 points	0.23%	0.05%
GS Yuasa Corp	DFJ +0.18 points	0.23%	0.05%
Nisshin Seifun Group Inc	DFJ +0.18 points	0.23%	0.05%
Sundrug Co Ltd	DFJ +0.18 points	0.20%	0.03%
Calbee Inc	DFJ +0.18 points	0.20%	0.02%
Kokuyo Co Ltd	DFJ +0.17 points	0.20%	0.03%
Toyota Boshoku Corp	DFJ +0.17 points	0.19%	0.02%
Keikyu Corp	DFJ +0.18 points	0.21%	0.03%
House Foods Corp	DFJ +0.17 points	0.19%	0.02%
Mitsubishi Motors Corp	DFJ +0.16 points	0.18%	0.02%
Rinnai Corp	DFJ +0.15 points	0.19%	0.04%
Kuraray Co Ltd	DFJ +0.15 points	0.20%	0.05%
Suzuken Co Ltd	DFJ +0.15 points	0.18%	0.03%
Ulvac Inc	DFJ +0.14 points	0.18%	0.04%
BIPROGY Inc	DFJ +0.14 points	0.18%	0.04%
Archion Corp	DFJ +0.15 points	0.18%	0.03%
Kotobuki Spirits Co Ltd	DFJ +0.14 points	0.17%	0.03%
Jeol	DFJ +0.13 points	0.17%	0.04%
Miura Co Ltd	DFJ +0.13 points	0.16%	0.03%
Mitsubishi Logistics Corp	DFJ +0.14 points	0.18%	0.04%
Nagoya Railroad Co Ltd	DFJ +0.13 points	0.16%	0.03%
Exeo Group Inc	DFJ +0.13 points	0.18%	0.05%
Hakuhodo DY Holdings Inc	DFJ +0.12 points	0.15%	0.03%
Japan Airport Terminal Co Ltd	DFJ +0.12 points	0.17%	0.05%
Nippon Electric Glass	DFJ +0.12 points	0.16%	0.04%
Maruichi Steel Tube Ltd	DFJ +0.12 points	0.15%	0.03%
Sankyu Inc	DFJ +0.11 points	0.15%	0.04%
Ezaki Glico Co Ltd	DFJ +0.11 points	0.14%	0.03%
Tobu Railway Co Ltd	DFJ +0.12 points	0.17%	0.05%
Fuji Oil Holdings Inc	DFJ +0.12 points	0.14%	0.02%
Nifco Inc/Japan	DFJ +0.11 points	0.15%	0.04%
Santen Pharmaceutical Co Ltd	DFJ +0.11 points	0.17%	0.06%
Keio Corp	DFJ +0.11 points	0.15%	0.04%
Nichirei Corp	DFJ +0.10 points	0.15%	0.05%
Taiheiyo Cement Corp	DFJ +0.11 points	0.15%	0.04%
Sugi Holdings Co Ltd	DFJ +0.09 points	0.12%	0.03%
Workman Co Ltd	DFJ +0.08 points	0.09%	0.01%
Kobayashi Pharmaceutical Co Ltd	DFJ +0.07 points	0.11%	0.04%
Blue Zones Holdings Co Ltd	DFJ +0.07 points	0.09%	0.02%
Toridoll Holdings Corp	DFJ +0.07 points	0.10%	0.03%
Rakus Co Ltd	DFJ +0.07 points	0.09%	0.02%
Lion Corp	DFJ +0.07 points	0.11%	0.04%
Toho Gas Co Ltd	DFJ +0.06 points	0.10%	0.04%
GMO Internet Group Inc	DFJ +0.05 points	0.07%	0.02%
Kusuri No Aoki Holdings Co Ltd	DFJ +0.06 points	0.08%	0.02%
Socionext Inc	DFJ +0.06 points	0.09%	0.03%
Keihan Holdings Co Ltd	DFJ +0.05 points	0.08%	0.03%
Park24 Co Ltd	DFJ +0.05 points	0.07%	0.02%
Mitsui Engineering & Shipbuild	DFJ +0.04 points	0.08%	0.04%

All 773 DFJ holdings⁠All 507 FLJP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFJ vs FLJP Cost

Overpaying DFJ vs FLJP

$9,555

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DFJ 0.58%
$11,453
FLJP 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

DFJ 0.58%
FLJP 0.09%
Overpaying

Year by year

Year	DFJ	FLJP	Overpaying
10	$1,041	$165	$876
20	$3,986	$646	$3,340
30	$11,453	$1,898	$9,555

Expense ratio

0.58%DFJ
0.09%FLJP, cheaper

FLJP0.09%DFJ0.58%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

FLJP cheapest of 18 funds

DFJ 10th cheapest of 18 funds

DFJ vs FLJP Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFJ 2.50%; FLJP 4.26%, better
Payout (12M): DFJ $2.77; FLJP $1.69
Last payment: DFJ $0.07; FLJP $0.17
Ex-dividend: DFJ Sep 25, 2026; FLJP Jun 26, 2026
Paid on: DFJ Sep 29, 2026; FLJP Jul 6, 2026
Frequency: DFJ Quarterly; FLJP Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DFJQuarterly · 28 paymentsAll DFJ payments⁠

FLJPTwice a year · 18 paymentsAll FLJP payments⁠

DFJ vs FLJP Risk

Fall from peak · 5 years

DFJ
FLJP

Risk facts

VolatilityStd dev, 3 years: DFJ 13.5%FLJP 12.5%, better
Return per unit of riskSharpe ratio, 3 years: DFJ 1.11FLJP 1.17, better
Worst fallMax drawdown, 5 years: DFJ −24.2%, betterFLJP −28.8%
Market sensitivityBeta, 5 years: DFJ 0.83FLJP 0.96; Market = 1

DFJ and FLJP in the news

All news⁠

Deep Dive
Unhedged Japan rose 2.5% on the yen; Europe funds slipped
Sep 5, 2026FLJP

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DFJ vs FLJP

In short

Stated mandate

Why people hold it

Worth knowing

How DFJ and FLJP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFJ

Only in FLJP

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Unhedged Japan rose 2.5% on the yen; Europe funds slipped

How DFJ and FLJP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFJ

Only in FLJP

Weight gaps