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FLJP vs NBJP

Franklin FTSE Japan ETF

FLJPANYSE Arca

Neuberger Berman Japan Equity ETF

NBJPCNYSE Arca

Overlap

28.7%by weight

Expense ratio

FLJP −1.83pt a year

FLJP0.09%NBJP1.92%

Avg volume · 30D

FLJP 123.7×the volume

FLJP976KNBJP7.89K

FLJP vs NBJP Performance

Oct 31, 2025 – Oct 30, 2026

+16.4%FLJP+15.2%NBJP

Oct 31, 2025 to Oct 30, 2026. FLJP +16.4%. NBJP +15.2%. Use the arrow keys to read each point.0%5%25%30%Oct 2025Apr 2026Oct 2026
Expense ratio
FLJP 0.09%, better
NBJP 1.92%
Fund size
FLJP $4.27B
NBJP $123M
1Y total return
FLJP +16.4%, better
NBJP +15.2%
Yield (12M)
FLJP 4.26%, better
NBJP 2.06%
Holdings
FLJP 447
NBJP 57
Avg volume (30D)
FLJP 976K sh, better
NBJP 7.89K sh
NAV per share
FLJP $39.98
NBJP $34.96
52W range

ETF.net Grade

FLJP: Cost 97, Risk 48, Mission 100, Tradability 71, Holdings 74, Durability 61. NBJP: Cost 0, Risk 25, Mission 100, Tradability 33, Holdings 40, Durability 39.
Pillar letters and Scores for FLJP, NBJP, with each pillar’s weight
PillarFLJPNBJP
Cost30% weightA97HigherF0
Mission25% weightA100A100
Risk15% weightC48HigherD25
Tradability15% weightA71HigherD33
Holdings10% weightA74HigherC40
Durability5% weightB61HigherD39

Rank among Japan funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FLJP and NBJP 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 NBJP 17th of 18 funds in the Japan Category.

  1. Rank 1AFLJPFranklin FTSE Japan ETFScore 82
  2. Rank 2ABBJPJPMorgan BetaBuilders Japan ETFScore 80
  3. Rank 16CHEWJiShares Currency Hedged MSCI Japan ETFScore 42
  4. Rank 17CNBJPNeuberger Berman Japan Equity ETFScore 39
  5. Rank 18FJAPNHorizon Kinetics Japan Owner Operator ETFScore 22

Our read on each fund

ETF.net Research

FLJPAFranklin FTSE Japan ETF

NBJPCNeuberger Berman Japan Equity 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.

NBJP Most Japan ETFs just buy the whole market. NBJP hires stock pickers instead: a concentrated portfolio of about 60 Japanese companies screened for quality and durable growth. Active conviction, at an active price.

Stated mandate

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

NBJP The Fund seeks long-term growth of capital.

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%.
  • NBJP Genuinely active, not an index in disguise: roughly 60 Japanese names chosen by Neuberger Berman's research team, with at least 80% of assets in companies tied economically to Japan.aaii.com
  • Stays in its lane. A dedicated single-country Japan equity mandate, with no drift into broader Asia or global developed markets.
  • Concentration with intent: at about 60 holdings, individual picks actually move the portfolio, rather than getting diluted inside a several-hundred-stock market cap index.

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.
  • NBJP Cost is the trade-off: a 1.92% stated expense ratio against a roughly 0.50% cohort median, with index peers like FLJP at 0.09%. Fee caps can lower the net figure, so read the current prospectus.
  • Thinly traded with a modest asset base, so spreads can run wider than the giant index Japan funds like BBJP and EWJ.
  • Young fund. It opened in 2024, so there is not yet a full market cycle to judge the stock picking against cheap index alternatives.

Full FLJP profile⁠

Full NBJP profile⁠

FLJP vs NBJP Holdings

How FLJP and NBJP differ

Overlap by weight

28.7%

Shared holdings make up 89.3% of NBJP and 32.7% of FLJP.

Level by level

  • Holdings51 in both28.7%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for NBJP.

Country, concentration and asset class

Country by domicile

Country weights in FLJP and NBJP, widest gap first
CountryMore in FLJPMore in NBJP
JapanSame weight

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

Concentration

Weight in the 10 largest Holdings

  • FLJP25.1%
  • NBJP37.1%

Securities held

  • FLJP444
  • NBJP56

Asset class

FLJP
Equity
NBJP
Equity

Holdings

  • Only in FLJP393
  • In both51
  • Only in NBJP5

Only in FLJP

393 securities, 67.3% of FLJP by weight

  • Mitsubishi Ufj Financial3.83%
  • Advantest Corp2.58%
  • Sumitomo Mitsui Financial2.39%

Only in NBJP

5 securities, 10.4% of NBJP by weight

  • Hochiki Corp Common Stock4.40%
  • Daiei Kankyo Co Ltd Common Stock2.29%
  • Oki Electric Industry Co Ltd Common Stock1.85%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in FLJP and NBJP, widest gap first
HoldingMore in FLJPMore in NBJP
Sysmex CorpNBJP +4.24 points
Resona Holdings IncNBJP +4.24 points
Tokio Marine Holdings IncNBJP +3.50 points
Toyota Tsusho CorpNBJP +2.95 points
Sumitomo Realty & DevelopNBJP +2.91 points
Mizuho Financial Group InNBJP +2.63 points
Niterra Co LtdNBJP +2.51 points
Kinden CorpNBJP +2.33 points

All 507 FLJP holdings⁠All 55 NBJP 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 NBJP Cost

Overpaying NBJP vs FLJP

$30,006

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

  • FLJP 0.09%

    $1,898

  • NBJP 1.92%

    $31,904

$10,000
30 years

Cost over time

  • FLJP 0.09%
  • NBJP 1.92%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530NBJP $31,904FLJP $1,898

Year by year

YearFLJPNBJPOverpaying
10$165$3,258$3,093
20$646$11,757$11,111
30$1,898$31,904$30,006

Expense ratio

  • 0.09%FLJP, cheaper
  • 1.92%NBJP
  • Middle half of Japan funds
  • Median 0.54%

FLJP cheapest of 18 funds

NBJP 18th cheapest of 18 funds

FLJP vs NBJP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLJP 4.26%, better
NBJP 2.06%
Payout (12M)
FLJP $1.69
NBJP $0.70
Last payment
FLJP $0.17
NBJP $0.70
Ex-dividend
FLJP Jun 26, 2026
NBJP Dec 19, 2025
Paid on
FLJP Jul 6, 2026
NBJP Dec 24, 2025
Frequency
FLJP Twice a year
NBJP Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

FLJPTwice a year · 18 paymentsAll FLJP payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.03; Jun 20, 2018 $0.10; Dec 20, 2018 $0.24; Jun 11, 2019 $0.29; Dec 11, 2019 $0.30; Jun 11, 2020 $0.21; Dec 30, 2020 $0.24; Jun 10, 2021 $0.39; Dec 13, 2021 $0.31; Jun 17, 2022 $0.26; Dec 16, 2022 $0.21; Jun 16, 2023 $0.36; Dec 15, 2023 $0.48; Jun 21, 2024 $1.03; Dec 20, 2024 $0.28; Jun 20, 2025 $0.25; Dec 19, 2025 $1.52; Jun 26, 2026 $0.17. Use the arrow keys to read each point.$0$12017202020232026YTD
NBJPIrregular · 2 paymentsAll NBJP payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 18, 2024 $0.18; Dec 19, 2025 $0.70. Use the arrow keys to read each point.$0$12017202020232026YTD

FLJP vs NBJP 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%NBJP 16.4%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
FLJP 1.17NBJP 0.78since Oct 2024
Worst fallMax drawdown, 5 years
FLJP −28.8%NBJP −14.3%since Sep 2024
Market sensitivityBeta, 5 years
FLJP 0.96NBJP 0.70

FLJP and NBJP in the news

All news⁠

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