FLJH vs FLJP: Grades, Fees and Holdings Compared

Franklin FTSE Japan Hedged ETF

FLJHANYSE Arca

Franklin FTSE Japan ETF

FLJPANYSE Arca

Overlap

98.4%by weight

Expense ratio

FLJH0.09%FLJP0.09%

Avg volume · 30D

FLJP 28.5×the volume

FLJH34.3KFLJP976K

5Y return · a year

FLJH +11.5pt

FLJH+20.7%FLJP+9.2%

FLJH vs FLJP Performance

Oct 29, 2021 – Oct 30, 2026

+156.4%FLJH+55.0%FLJP

Expense ratio: FLJH 0.09%; FLJP 0.09%
Fund size: FLJH $201M; FLJP $4.27B
1Y total return: FLJH +21.9%, better; FLJP +16.4%
Yield (12M): FLJH 6.20%, better; FLJP 4.26%
Holdings: FLJH 448; FLJP 447
Avg volume (30D): FLJH 34.3K sh; FLJP 976K sh, better
NAV per share: FLJH $44.77; FLJP $39.98
52W range

ETF.net Grade

Pillar letters and Scores for FLJH, FLJP, with each pillar’s weight
Pillar	FLJH	FLJP
Cost30% weight	A97	A97
Mission25% weight	Not scored	A100
Risk15% weight	B62Higher	C48
Tradability15% weight	C52	A71Higher
Holdings10% weight	A74	A74
Durability5% weight	C53	B61Higher

Rank among Japan funds

How we build Categories ›

Same Category. FLJH 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 FLJH 3rd of 18 funds in the Japan Category.

Rank 1AFLJPFranklin FTSE Japan ETFScore 82
Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 80
Rank 3AFLJHFranklin FTSE Japan Hedged ETFScore 75
Rank 3ASCJiShares MSCI Japan Small-Cap ETFScore 75

Our read on each fund

ETF.net Research

FLJHAFranklin FTSE Japan Hedged ETF

FLJPAFranklin FTSE Japan ETF

In short

FLJH Japan 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.

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

FLJH 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.

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

Why people hold it

FLJH 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.

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

FLJH 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.

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 FLJH profile⁠

Full FLJP profile⁠

FLJH vs FLJP Holdings

How FLJH and FLJP differ

Overlap by weight

98.4%

Shared holdings make up 100% of FLJP and 99.5% of FLJH.

Level by level

Holdings444 in both98.4%
Asset classEquity100%
Countryby domicile100%
Sector11 Sectors99.8%

Sector

Sector weights in FLJH and FLJP, widest gap first
Sector	More in FLJHMore in FLJP	FLJH	FLJP
Industrials	FLJP +0.1 points	23.4%	23.5%
Technology	Same weight	20.4%	20.4%
Consumer Discretionary	FLJH +0.1 points	12.0%	11.9%
Materials	FLJH +0.1 points	3.9%	3.8%
Communication	Same weight	8.5%	8.5%
Health Care	Same weight	5.2%	5.2%
Consumer Staples	Same weight	4.0%	4.0%
Financials	Same weight	18.1%	18.1%
Real Estate	Same weight	2.5%	2.5%
Energy	Same weight	0.9%	0.9%
Utilities	Same weight	1.2%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in FLJH and FLJP, widest gap first
Country	More in FLJHMore in FLJP	FLJH	FLJP
Japan	Same weight	100.0%	100.0%

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

Concentration

Weight in the 10 largest Holdings

FLJH25.1%
FLJP25.1%

Securities held

FLJH444
FLJP444

Asset class

FLJH: Equity
FLJP: Equity

Holdings

Only in FLJH0
In both444
Only in FLJP0

Only in FLJH

0 securities, 0.0% of FLJH by weight

Only in FLJP

0 securities, 0.0% of FLJP by weight

Weight gaps

The 100 widest of 444 Holdings in both funds.

Holding weights in FLJH and FLJP, widest gap first
Holding	More in FLJHMore in FLJP	FLJH	FLJP
Net Current Assets	FLJP +0.44 points	0.36%	0.80%
Mitsui Osk Lines Ltd	FLJP +0.02 points	0.24%	0.26%
Infroneer Holdings Inc	FLJH +0.03 points	0.07%	0.04%
Kioxia Holdings Corp	FLJP +0.01 points	1.59%	1.60%
Mitsubishi Ufj Financial	FLJP +0.02 points	3.81%	3.83%
Zensho Holdings Co Ltd	FLJP +0.02 points	0.11%	0.13%
Recruit Holdings Co Ltd	FLJP +0.01 points	2.63%	2.64%
Toyo Seikan Group Holding	FLJH +0.01 points	0.06%	0.05%
Nec Corp	FLJH +0.02 points	0.62%	0.60%
Mitsubishi Gas Chemical C	FLJP +0.02 points	0.05%	0.07%
Casio Computer Co Ltd	FLJP +0.02 points	0.03%	0.05%
Credit Saison Co Ltd	FLJH +0.02 points	0.06%	0.04%
Toyota Tsusho Corp	FLJH +0.01 points	0.48%	0.47%
Yamaguchi Financial Group	FLJP +0.02 points	0.04%	0.06%
Isetan Mitsukoshi Holding	FLJH +0.02 points	0.13%	0.11%
J Front Retailing Co Ltd	FLJH +0.01 points	0.08%	0.07%
Internet Initiative Japan	FLJH +0.01 points	0.05%	0.04%
Toyota Boshoku Corp	FLJH +0.01 points	0.03%	0.02%
Aeon Co Ltd	FLJP +0.01 points	0.29%	0.30%
Otsuka Corp	FLJP +0.01 points	0.09%	0.10%
Agc Inc	FLJP +0.01 points	0.10%	0.11%
MS&AD Insurance Group Hol	FLJH +0.01 points	0.71%	0.70%
Chiba Bank Ltd/The	FLJH +0.01 points	0.18%	0.17%
Tohoku Electric Power Co	FLJH +0.01 points	0.07%	0.06%
Kobe Steel Ltd	FLJH +0.02 points	0.09%	0.07%
Sony Group Corp	FLJP +0.01 points	2.38%	2.39%
Keikyu Corp	FLJH +0.02 points	0.05%	0.03%
Meiji Holdings Co Ltd	FLJP +0.01 points	0.10%	0.11%
Baycurrent Inc	FLJH +0.01 points	0.17%	0.16%
Kyowa Kirin Co Ltd	FLJH +0.01 points	0.07%	0.06%
Nippon Yusen Kk	FLJH +0.01 points	0.31%	0.30%
Yokohama Financial Group	FLJP +0.01 points	0.17%	0.18%
Abc-Mart Inc	FLJH +0.01 points	0.04%	0.03%
Toho Co Ltd	FLJH +0.01 points	0.10%	0.09%
Shiseido Co Ltd	FLJH +0.01 points	0.16%	0.15%
Sbi Holdings Inc	FLJH +0.01 points	0.16%	0.15%
Sapporo Breweries Ltd	FLJH +0.01 points	0.08%	0.07%
Marubeni Corp	FLJP +0.01 points	0.73%	0.74%
Sojitz Corp	FLJP +0.01 points	0.10%	0.11%
Odakyu Electric Railway C	FLJP +0.01 points	0.05%	0.06%
Renesas Electronics Corp	FLJH +0.01 points	0.49%	0.48%
Fuji Media Holdings Inc	FLJH +0.01 points	0.02%	0.01%
Toda Corp	FLJH +0.01 points	0.04%	0.03%
Kubota Corp	FLJP +0.01 points	0.26%	0.27%
Resona Holdings Inc	FLJH +0.01 points	0.51%	0.50%
Tokyo Gas Co Ltd	FLJH +0.01 points	0.22%	0.21%
Sumitomo Mitsui Financial	FLJP +0.01 points	2.38%	2.39%
Monotaro Co Ltd	FLJH +0.01 points	0.06%	0.05%
Dentsu Group Inc	FLJP +0.01 points	0.07%	0.08%
Hakuhodo Dy Holdings Inc	FLJH +0.01 points	0.04%	0.03%
Kyuden Holdings Inc	FLJP +0.01 points	0.08%	0.09%
Toyoda Gosei Co Ltd	FLJH +0.01 points	0.05%	0.04%
Uss Co Ltd	FLJH +0.01 points	0.08%	0.07%
Sumitomo Forestry Co Ltd	FLJP +0.01 points	0.05%	0.06%
Sumitomo Mitsui Trust Gro	FLJH +0.01 points	0.43%	0.42%
Bandai Namco Holdings Inc	FLJP +0.01 points	0.35%	0.36%
Ibiden Co Ltd	FLJH +0.01 points	0.43%	0.42%
Hikari Tsushin Inc	FLJP +0.01 points	0.06%	0.07%
Alps Alpine Co Ltd	FLJP +0.01 points	0.03%	0.04%
Jtekt Corp	FLJH +0.01 points	0.06%	0.05%
Kotobuki Spirits Co Ltd	FLJH +0.01 points	0.04%	0.03%
Astellas Pharma Inc	FLJP +0.01 points	0.46%	0.47%
Capcom Co Ltd	FLJP +0.01 points	0.12%	0.13%
Sumitomo Bakelite Co Ltd	FLJH +0.01 points	0.05%	0.04%
Obic Co Ltd	FLJH +0.01 points	0.20%	0.19%
Ngk Corp	FLJH +0.01 points	0.13%	0.12%
Gs Yuasa Corp	FLJP +0.01 points	0.04%	0.05%
Sumitomo Pharma Co Ltd	FLJH +0.01 points	0.05%	0.04%
Sumitomo Heavy Industries	Same weight	0.06%	0.06%
Shimadzu Corp	FLJH +0.01 points	0.13%	0.12%
Nippon Paint Holdings Co	FLJH +0.01 points	0.13%	0.12%
Yamaha Motor Co Ltd	FLJP +0.01 points	0.15%	0.16%
Toridoll Holdings Corp	FLJP +0.01 points	0.02%	0.03%
Taisei Corp	FLJP +0.01 points	0.16%	0.17%
Japan Exchange Group Inc	FLJP +0.01 points	0.21%	0.22%
Kyushu Financial Group In	Same weight	0.06%	0.06%
Lion Corp	FLJH +0.01 points	0.05%	0.04%
Daiwa Securities Group In	FLJH +0.01 points	0.24%	0.23%
Tokyu Corp	FLJP +0.01 points	0.07%	0.08%
Nagoya Railroad Co Ltd	Same weight	0.03%	0.03%
Nissan Chemical Corp	FLJH +0.01 points	0.11%	0.10%
Dai Nippon Printing Co Lt	FLJH +0.01 points	0.12%	0.11%
Taiyo Yuden Co Ltd	Same weight	0.11%	0.11%
Canon Inc	FLJP +0.01 points	0.38%	0.39%
Jeol Ltd	FLJP +0.01 points	0.03%	0.04%
Kraftia Corp	FLJP +0.01 points	0.03%	0.04%
Honda Motor Co Ltd	Same weight	0.68%	0.68%
Mitsui E&S Co Ltd	FLJP +0.01 points	0.03%	0.04%
Kaneka Corp	Same weight	0.03%	0.03%
Isuzu Motors Ltd	FLJH +0.01 points	0.12%	0.11%
Chugai Pharmaceutical Co	FLJP +0.01 points	0.44%	0.45%
Kyoto Financial Group Inc	FLJP +0.01 points	0.10%	0.11%
Azbil Corp	FLJP +0.01 points	0.06%	0.07%
Open House Group Co Ltd	FLJP +0.01 points	0.05%	0.06%
West Japan Railway Co	FLJP +0.01 points	0.13%	0.14%
Shizuoka Financial Group	FLJP +0.01 points	0.13%	0.14%
Misumi Group Inc	FLJH +0.01 points	0.11%	0.10%
Mitsubishi Corp	FLJP +0.01 points	1.54%	1.55%
Asics Corp	Same weight	0.33%	0.33%
Kdx Realty Investment Cor	FLJH +0.01 points	0.06%	0.05%

All 490 FLJH 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.

FLJH vs FLJP Cost

Same expense ratio

$1,898

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

FLJH 0.09%
$1,898
FLJP 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

FLJH 0.09%
FLJP 0.09%

Year by year

Year	FLJH	FLJP
10	$165	$165
20	$646	$646
30	$1,898	$1,898

Expense ratio

0.09%FLJH
0.09%FLJP

FLJH0.09%FLJP0.09%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

FLJH cheapest of 18 funds

FLJP cheapest of 18 funds

FLJH vs FLJP Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLJH 6.20%, better; FLJP 4.26%
Payout (12M): FLJH $2.74; FLJP $1.69
Last payment: FLJH $0.29; FLJP $0.17
Ex-dividend: FLJH Jun 26, 2026; FLJP Jun 26, 2026
Paid on: FLJH Jul 6, 2026; FLJP Jul 6, 2026
Frequency: FLJH Twice a year; FLJP Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FLJHTwice a year · 13 paymentsAll FLJH payments⁠

FLJPTwice a year · 18 paymentsAll FLJP payments⁠

FLJH vs FLJP Risk

Fall from peak · 5 years

FLJH
FLJP

Risk facts

VolatilityStd dev, 3 years: FLJH 12.5%FLJP 12.5%
Return per unit of riskSharpe ratio, 3 years: FLJH 1.59, betterFLJP 1.17
Worst fallMax drawdown, 5 years: FLJH −20.4%, betterFLJP −28.8%
Market sensitivityBeta, 5 years: FLJH 0.62FLJP 0.96; Market = 1

FLJH and FLJP in the news

All news⁠

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

Popular comparisons

FLJHAvsBBJPA
Franklin FTSE Japan Hedged ETF · JPMorgan BetaBuilders Japan ETF
Expense ratio
0.09% · 0.19%
Category
FLJPAvsBBJPA
Franklin FTSE Japan ETF · JPMorgan BetaBuilders Japan ETF
Expense ratio
0.09% · 0.19%
Category
FLJHAvsSCJA
Franklin FTSE Japan Hedged ETF · iShares MSCI Japan Small-Cap ETF
Expense ratio
0.09% · 0.50%
Category
FLJPAvsSCJA
Franklin FTSE Japan ETF · iShares MSCI Japan Small-Cap ETF
Expense ratio
0.09% · 0.50%
Category
FLJHAvsJPXNA
Franklin FTSE Japan Hedged ETF · iShares JPX-Nikkei 400 ETF
Expense ratio
0.09% · 0.48%
Category
FLJPAvsJPXNA
Franklin FTSE Japan ETF · iShares JPX-Nikkei 400 ETF
Expense ratio
0.09% · 0.48%
Category

FLJH vs FLJP

In short

Stated mandate

Why people hold it

Worth knowing

How FLJH and FLJP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJH

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 FLJH and FLJP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJH

Only in FLJP

Weight gaps