FLJP vs JAPN: Grades, Fees and Holdings Compared

Franklin FTSE Japan ETF

FLJPANYSE Arca

Horizon Kinetics Japan Owner Operator ETF

JAPNFNasdaq

Overlap

0.8%by weight

Expense ratio

FLJP −0.76pt a year

FLJP0.09%JAPN0.85%

Avg volume · 30D

FLJP 229.9×the volume

FLJP976KJAPN4.25K

FLJP vs JAPN Performance

Oct 31, 2025 – Oct 30, 2026

+16.4%FLJP−5.8%JAPN

Expense ratio: FLJP 0.09%, better; JAPN 0.85%
Fund size: FLJP $4.27B; JAPN $25M
1Y total return: FLJP +16.4%, better; JAPN −5.8%
Yield (12M): FLJP 4.26%; JAPN No data
Holdings: FLJP 447; JAPN 37
Avg volume (30D): FLJP 976K sh, better; JAPN 4.25K sh
NAV per share: FLJP $39.98; JAPN $25.81
52W range

ETF.net Grade

Pillar letters and Scores for FLJP, JAPN, with each pillar’s weight
Pillar	FLJP	JAPN
Cost30% weight	A97Higher	F18
Mission25% weight	A100Higher	D39
Risk15% weight	C48Higher	F13
Tradability15% weight	A71Higher	F19
Holdings10% weight	A74Higher	F23
Durability5% weight	B61Higher	F9

Rank among Japan funds

How we build Categories ›

Same Category. FLJP and JAPN 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 JAPN 18th of 18 funds in the Japan Category.

Rank 1AFLJPFranklin FTSE Japan ETFScore 82
Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 80
Rank 17CNBJPNeuberger Berman Japan Equity ETFScore 39
Rank 18FJAPNHorizon Kinetics Japan Owner Operator ETFScore 22

Our read on each fund

ETF.net Research

FLJPAFranklin FTSE Japan ETF

JAPNFHorizon Kinetics Japan Owner Operator ETF

In short

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.

JAPN No data

Stated mandate

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

JAPN No data

Why people hold it

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%.

JAPN No data

Worth knowing

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.

JAPN No data

Full FLJP profile⁠

Full JAPN profile⁠

FLJP vs JAPN Holdings

How FLJP and JAPN differ

Overlap by weight

0.8%

Shared holdings make up 35.8% of JAPN and 0.8% of FLJP.

Level by level

Holdings13 in both0.8%
Sector11 Sectors67.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in FLJP and JAPN, widest gap first
Sector	More in FLJPMore in JAPN	FLJP	JAPN
Industrials	FLJP +13.0 points	23.5%	10.5%
Technology	JAPN +12.6 points	20.4%	33.0%
Financials	FLJP +11.4 points	18.1%	6.7%
Communication	JAPN +8.6 points	8.5%	17.1%
Consumer Discretionary	JAPN +6.6 points	11.9%	18.5%
Consumer Staples	JAPN +4.8 points	4.0%	8.8%
Health Care	FLJP +3.4 points	5.2%	1.8%
Real Estate	FLJP +2.5 points	2.5%	0.0%
Utilities	FLJP +1.2 points	1.2%	0.0%
Energy	FLJP +0.9 points	0.9%	0.0%
Materials	FLJP +0.2 points	3.8%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in FLJP and JAPN, widest gap first
Country	More in FLJPMore in JAPN	FLJP	JAPN
Japan	Same weight	100.0%	100.0%

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

Concentration

Weight in the 10 largest Holdings

FLJP25.1%
JAPN47.1%

Securities held

FLJP444
JAPN36

Asset class

FLJP: Equity
JAPN: Equity

Holdings

Only in FLJP431
In both13
Only in JAPN23

Only in FLJP

431 securities, 99.2% 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%

Only in JAPN

23 securities, 63.7% of JAPN by weight

Furuno Electric Co Ltd10.76%
M&A Capital Partners Co Ltd4.84%
Furyu Corp4.19%
Finatext Holdings Ltd4.13%
Japan Elevator Service Holdings Co Ltd3.92%
ULS Group Inc3.73%
KeePer Technical Laboratory Co Ltd3.64%
Tsuburaya Fields Holdings Inc3.61%
Oro Co Ltd2.91%
Yonex Co Ltd2.57%
AlphaPolis Co Ltd2.26%
Transaction Co Ltd2.18%
Starts Publishing Corp2.02%
IG Port Inc2.00%
Us Bank Mmda - Usbgfs 7 06/01/20311.83%
Ceres Inc/Japan1.50%
Net Protections Holdings Inc1.46%
Tomy Co Ltd1.45%
Towa Corp1.41%
Smaregi Inc1.24%
U-Next Holdings Co Ltd1.07%
Digital Garage Inc0.92%
Japanese Yen<0.01%

Weight gaps

All 13 Holdings in both funds, largest gap first.

Holding weights in FLJP and JAPN, widest gap first
Holding	More in FLJPMore in JAPN	FLJP	JAPN
Resorttrust Inc	JAPN +4.16 points	0.03%	4.19%
Obic Business Consultants	JAPN +3.88 points	0.03%	3.91%
Visional Inc	JAPN +3.73 points	0.03%	3.76%
Hikari Tsushin Inc	JAPN +3.60 points	0.07%	3.67%
Internet Initiative Japan	JAPN +3.45 points	0.04%	3.49%
Kotobuki Spirits Co Ltd	JAPN +3.42 points	0.03%	3.45%
Sega Sammy Holdings Inc	JAPN +2.89 points	0.04%	2.93%
Pan Pacific International	JAPN +2.76 points	0.14%	2.90%
Macnica Holdings Inc	JAPN +1.85 points	0.05%	1.90%
M3 Inc	JAPN +1.74 points	0.07%	1.81%
Sanrio Co Ltd	JAPN +1.72 points	0.13%	1.85%
Sysmex Corp	JAPN +0.94 points	0.09%	1.03%
Rorze Corp	JAPN +0.86 points	0.04%	0.90%

All 507 FLJP holdings⁠All JAPN 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.

FLJP vs JAPN Cost

Overpaying JAPN vs FLJP

$14,301

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

FLJP 0.09%
$1,898
JAPN 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

FLJP 0.09%
JAPN 0.85%
Overpaying

Year by year

Year	FLJP	JAPN	Overpaying
10	$165	$1,508	$1,343
20	$646	$5,706	$5,060
30	$1,898	$16,199	$14,301

Expense ratio

0.09%FLJP, cheaper
0.85%JAPN

FLJP0.09%JAPN0.85%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

FLJP cheapest of 18 funds

JAPN 15th cheapest of 18 funds

FLJP vs JAPN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLJP 4.26%; JAPN No data
Payout (12M): FLJP $1.69; JAPN No data
Last payment: FLJP $0.17; JAPN $0.06
Ex-dividend: FLJP Jun 26, 2026; JAPN Dec 23, 2025
Paid on: FLJP Jul 6, 2026; JAPN Dec 24, 2025
Frequency: FLJP Twice a year; JAPN Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

FLJPTwice a year · 18 paymentsAll FLJP payments⁠

JAPNIrregular · 1 paymentAll JAPN payments⁠

FLJP vs JAPN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FLJP 12.5%JAPN 16.1%since Jun 2025
Return per unit of riskSharpe ratio, 3 years: FLJP 1.17JAPN −0.30since Jun 2025
Worst fallMax drawdown, 5 years: FLJP −28.8%JAPN −24.0%since May 2025
Market sensitivityBeta, 5 years: FLJP 0.96JAPN 0.46; Market = 1

FLJP and JAPN 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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FLJP vs JAPN

In short

Stated mandate

Why people hold it

Worth knowing

How FLJP and JAPN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJP

Only in JAPN

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 FLJP and JAPN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJP

Only in JAPN

Weight gaps