FLJP vs SCJ: Grades, Fees and Holdings Compared

Franklin FTSE Japan ETF

FLJPANYSE Arca

iShares MSCI Japan Small-Cap ETF

SCJANYSE Arca

Overlap

14.6%by weight

Expense ratio

FLJP −0.41pt a year

FLJP0.09%SCJ0.50%

Avg volume · 30D

FLJP 25.7×the volume

FLJP976KSCJ38.1K

5Y return · a year

FLJP +1.3pt

FLJP+9.2%SCJ+7.9%

FLJP vs SCJ Performance

Oct 29, 2021 – Oct 30, 2026

+55.0%FLJP+46.1%SCJ

Expense ratio: FLJP 0.09%, better; SCJ 0.50%
Fund size: FLJP $4.27B; SCJ $232M
1Y total return: FLJP +16.4%; SCJ +19.8%, better
Yield (12M): FLJP 4.26%, better; SCJ 2.77%
Holdings: FLJP 447; SCJ 767
Avg volume (30D): FLJP 976K sh, better; SCJ 38.1K sh
NAV per share: FLJP $39.98; SCJ $105.56
52W range

ETF.net Grade

Pillar letters and Scores for FLJP, SCJ, with each pillar’s weight
Pillar	FLJP	SCJ
Cost30% weight	A97Higher	B56
Mission25% weight	A100Higher	A96
Risk15% weight	C48	A80Higher
Tradability15% weight	A71	A74Higher
Holdings10% weight	A74	A85Higher
Durability5% weight	B61	B63Higher

Rank among Japan funds

How we build Categories ›

Same Category. FLJP and SCJ 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 SCJ 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
Rank 5AJPXNiShares JPX-Nikkei 400 ETFScore 74

Our read on each fund

ETF.net Research

FLJPAFranklin FTSE Japan ETF

SCJAiShares MSCI Japan Small-Cap 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.

SCJ Japan past the household-name exporters. SCJ holds roughly 800 of the country's smaller listed companies, the domestic slice that large-cap Japan benchmarks leave out, and it has been running that mandate since 2007.

Stated mandate

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

SCJ The fund seeks to track an index composed of small-capitalization Japanese equities.

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%.

SCJ One job, done tightly: it tracks the MSCI Japan Small Cap Index, roughly 800 names deep, the part of the market big blue-chip Japan benchmarks leave on the floor.ishares.com
Trading since 2007, so there is a long live record here, not a backtest, and it has stayed tight to its index over that stretch.
About 800 holdings means no single stock carries the portfolio, and the 0.50% fee sits right at the median for single-country Japan funds.

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.

SCJ 0.50% a year is the going rate for the niche, but broad Japan trackers like FLJP (0.09%) and BBJP (0.19%) charge a fraction. Small-cap coverage is the upcharge.
Moderately traded, and Tokyo is closed while US markets are open, so spreads and price-to-value gaps can widen at the edges of the session.
Unhedged: the holdings are priced in yen, so currency swings land on top of the stock moves, in both directions. Distributions come once or twice a year.ishares.com

Full FLJP profile⁠

Full SCJ profile⁠

FLJP vs SCJ Holdings

How FLJP and SCJ differ

Overlap by weight

14.6%

Shared holdings make up 66.0% of SCJ and 14.6% of FLJP.

Level by level

Holdings272 in both14.6%
Sector11 Sectors79.9%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in FLJP and SCJ, widest gap first
Sector	More in FLJPMore in SCJ	FLJP	SCJ
Technology	FLJP +7.0 points	20.4%	13.4%
Materials	SCJ +6.8 points	3.8%	10.6%
Financials	FLJP +6.4 points	18.1%	11.7%
Communication	FLJP +5.7 points	8.5%	2.8%
Real Estate	SCJ +4.4 points	2.5%	6.9%
Consumer Staples	SCJ +4.0 points	4.0%	8.0%
Consumer Discretionary	SCJ +2.2 points	11.9%	14.1%
Industrials	SCJ +1.8 points	23.5%	25.3%
Utilities	SCJ +0.9 points	1.2%	2.1%
Health Care	FLJP +0.9 points	5.2%	4.3%
Energy	FLJP +0.1 points	0.9%	0.8%

Country, concentration and asset class

Country by domicile

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

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

Concentration

Weight in the 10 largest Holdings

FLJP25.1%
SCJ6.3%

Securities held

FLJP444
SCJ764

Asset class

FLJP: Equity
SCJ: Equity

Holdings

Only in FLJP172
In both272
Only in SCJ492

Only in FLJP

172 securities, 85.4% 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 SCJ

492 securities, 33.0% of SCJ by weight

Nishi-Nippon Financial Holdings In0.27%
Daishi Hokuetsu Financial Group0.24%
Citizen Watch Ltd0.21%
Shiga Bank0.21%
Hyakugo Bank0.19%
Ferrotec Corp0.18%
Sankyo Ltd0.18%
Kanematsu0.18%
Tomy Ltd0.18%
Makino Milling Machine Ltd0.17%
Juroku Financial Group Inc0.17%
Tokai Carbon Ltd0.17%
Meidensha Corp0.17%
Anritsu Corp0.16%
Adeka0.16%
Penta-Ocean Construction Ltd0.16%
Senko Group Holdings Ltd0.16%
Tokyo Kiraboshi Financial Group In0.16%
North Pacific Bank Ltd0.15%
Suruga Bank Ltd0.15%
Rengo Ltd0.15%
Uacj0.15%
Shikoku Electric Power Inc0.15%
Nisshinbo Holdings Inc0.15%
Konica Minolta0.15%
Nissui Corp0.15%
Aichi Financial Group Inc0.14%
Ogaki Kyoritsu Bank Ltd0.14%
San In Godo Bank Ltd0.14%
Inaba Denkisangyo0.14%
Nippon Shokubai Ltd0.14%
Mirait One Corp0.14%
Takeuchi Mfg0.14%
Daiwabo Holdings Ltd0.14%
Ube0.14%
Yoshinoya Holdings Ltd0.13%
Swcc Corp0.13%
Hanwa Ltd0.13%
Sinfonia Technology Ltd0.13%
Lintec0.13%
Are Holdings0.13%
Nankai0.13%
Hazama Ando Corp0.13%
Japan Petroleum Exploration0.13%
Kyoritsu Maintenance0.12%
Nippon Gas Ltd0.12%
Money Forward0.12%
Mitsui Fudosan Accommodations Fund0.12%
Sanki Engineering0.12%
Nippon Kayaku Ltd0.12%

Weight gaps

The 100 widest of 272 Holdings in both funds.

Holding weights in FLJP and SCJ, widest gap first
Holding	More in FLJPMore in SCJ	FLJP	SCJ
Baycurrent Inc	SCJ +0.62 points	0.16%	0.78%
Food & Life Companies Ltd	SCJ +0.47 points	0.12%	0.59%
Shizuoka Financial Group	SCJ +0.46 points	0.14%	0.60%
Mebuki Financial Group In	SCJ +0.46 points	0.14%	0.60%
Nippon Express Holdings I	SCJ +0.43 points	0.14%	0.57%
Isetan Mitsukoshi Holding	SCJ +0.43 points	0.11%	0.54%
Rohm Co Ltd	SCJ +0.42 points	0.11%	0.53%
Misumi Group Inc	SCJ +0.42 points	0.10%	0.52%
Fukuoka Financial Group I	SCJ +0.41 points	0.13%	0.54%
Taiyo Yuden Co Ltd	SCJ +0.40 points	0.11%	0.51%
Shimadzu Corp	SCJ +0.39 points	0.12%	0.51%
Brother Industries Ltd	SCJ +0.39 points	0.11%	0.50%
Sojitz Corp	SCJ +0.38 points	0.11%	0.49%
Jfe Holdings Inc	SCJ +0.38 points	0.11%	0.49%
Meiji Holdings Co Ltd	SCJ +0.38 points	0.11%	0.49%
Toyo Suisan Kaisha Ltd	SCJ +0.37 points	0.09%	0.46%
Niterra Co Ltd	SCJ +0.36 points	0.13%	0.49%
Nissan Chemical Corp	SCJ +0.37 points	0.10%	0.47%
Seiko Epson Corp	SCJ +0.35 points	0.09%	0.44%
Ngk Corp	SCJ +0.35 points	0.12%	0.47%
Sekisui Chemical Co Ltd	SCJ +0.35 points	0.10%	0.45%
Ricoh Co Ltd	SCJ +0.34 points	0.10%	0.44%
Omron Corp	SCJ +0.34 points	0.10%	0.44%
Sysmex Corp	SCJ +0.34 points	0.09%	0.43%
Trend Micro Inc	SCJ +0.34 points	0.10%	0.44%
Kyoto Financial Group Inc	SCJ +0.34 points	0.11%	0.45%
Hachijuni Nagano Bank Ltd	SCJ +0.33 points	0.11%	0.44%
Yaskawa Electric Corp	SCJ +0.32 points	0.11%	0.43%
Asahi Intecc Co Ltd	SCJ +0.31 points	0.08%	0.39%
Gunma Bank Ltd/The	SCJ +0.31 points	0.09%	0.40%
Ono Pharmaceutical Co Ltd	SCJ +0.31 points	0.09%	0.40%
Skylark Holdings Co Ltd	SCJ +0.31 points	0.08%	0.39%
Horiba Ltd	SCJ +0.32 points	0.08%	0.40%
Sumco Corp	SCJ +0.31 points	0.08%	0.39%
Sumitomo Chemical Co Ltd	SCJ +0.31 points	0.09%	0.40%
Sony Financial Group Inc	SCJ +0.31 points	0.08%	0.39%
Tisi Inc	SCJ +0.31 points	0.09%	0.40%
Matsukiyococokara & Co	SCJ +0.30 points	0.09%	0.39%
Tokyu Corp	SCJ +0.29 points	0.08%	0.37%
Kyuden Holdings Inc	SCJ +0.30 points	0.09%	0.39%
Mcdonald's Holdings Co Ja	SCJ +0.29 points	0.07%	0.36%
Japan Metropolitan Fund I	SCJ +0.30 points	0.07%	0.37%
Yokohama Rubber Co Ltd	SCJ +0.30 points	0.08%	0.38%
Seibu Holdings Inc	SCJ +0.29 points	0.06%	0.35%
Toto Ltd	SCJ +0.29 points	0.09%	0.38%
Kobe Steel Ltd	SCJ +0.29 points	0.07%	0.36%
Dentsu Group Inc	SCJ +0.28 points	0.08%	0.36%
Hokuhoku Financial Group	SCJ +0.28 points	0.08%	0.36%
Mitsui Chemicals Inc	SCJ +0.28 points	0.07%	0.35%
Iyogin Holdings Inc	SCJ +0.28 points	0.08%	0.36%
Amada Co Ltd	SCJ +0.28 points	0.07%	0.35%
M3 Inc	SCJ +0.27 points	0.07%	0.34%
Japan Real Estate Investm	SCJ +0.27 points	0.07%	0.34%
Square Enix Holdings Co L	SCJ +0.26 points	0.08%	0.34%
Tosoh Corp	SCJ +0.26 points	0.07%	0.33%
Tokyo Electric Power Comp	SCJ +0.26 points	0.07%	0.33%
Tokyu Fudosan Holdings Co	SCJ +0.26 points	0.07%	0.33%
J Front Retailing Co Ltd	SCJ +0.26 points	0.07%	0.33%
Sanwa Holdings Corp	SCJ +0.26 points	0.07%	0.33%
Kinden Corp	SCJ +0.26 points	0.06%	0.32%
Uss Co Ltd	SCJ +0.25 points	0.07%	0.32%
Tokyo Ohka Kogyo Co Ltd	SCJ +0.25 points	0.08%	0.33%
77 Bank Ltd/The	SCJ +0.24 points	0.08%	0.32%
Medipal Holdings Corp	SCJ +0.25 points	0.06%	0.31%
Azbil Corp	SCJ +0.24 points	0.07%	0.31%
Hitachi Construction Mach	SCJ +0.24 points	0.07%	0.31%
Comsys Holdings Corp	SCJ +0.24 points	0.06%	0.30%
Infroneer Holdings Inc	SCJ +0.24 points	0.04%	0.28%
Yakult Honsha Co Ltd	SCJ +0.23 points	0.07%	0.30%
Hamamatsu Photonics Kk	SCJ +0.24 points	0.06%	0.30%
Mazda Motor Corp	SCJ +0.23 points	0.07%	0.30%
Kintetsu Group Holdings C	SCJ +0.23 points	0.06%	0.29%
Tohoku Electric Power Co	SCJ +0.22 points	0.06%	0.28%
Haseko Corp	SCJ +0.23 points	0.06%	0.29%
Sapporo Breweries Ltd	SCJ +0.22 points	0.07%	0.29%
Hirose Electric Co Ltd	SCJ +0.22 points	0.06%	0.28%
Sumitomo Forestry Co Ltd	SCJ +0.22 points	0.06%	0.28%
Glp J-Reit	SCJ +0.22 points	0.06%	0.28%
Open House Group Co Ltd	SCJ +0.22 points	0.06%	0.28%
Tokyo Seimitsu Co Ltd	SCJ +0.21 points	0.06%	0.27%
Oji Holdings Corp	SCJ +0.21 points	0.06%	0.27%
Tokyo Tatemono Co Ltd	SCJ +0.22 points	0.06%	0.28%
Kandenko Co Ltd	SCJ +0.21 points	0.06%	0.27%
Thk Co Ltd	SCJ +0.21 points	0.06%	0.27%
Kurita Water Industries L	SCJ +0.21 points	0.06%	0.27%
Nippon Prologis Reit Inc	SCJ +0.21 points	0.06%	0.27%
Nichias Corp	SCJ +0.21 points	0.05%	0.26%
Hirogin Holdings Inc	SCJ +0.20 points	0.06%	0.26%
Credit Saison Co Ltd	SCJ +0.21 points	0.04%	0.25%
Electric Power Developmen	SCJ +0.21 points	0.06%	0.27%
Macnica Holdings Inc	SCJ +0.20 points	0.05%	0.25%
Keisei Electric Railway C	SCJ +0.20 points	0.06%	0.26%
Mitsubishi Materials Corp	SCJ +0.20 points	0.06%	0.26%
Monotaro Co Ltd	SCJ +0.20 points	0.05%	0.25%
Odakyu Electric Railway C	SCJ +0.20 points	0.06%	0.26%
Chugin Financial Group In	SCJ +0.20 points	0.06%	0.26%
Takashimaya Co Ltd	SCJ +0.20 points	0.06%	0.26%
Rakuten Bank Ltd	SCJ +0.20 points	0.05%	0.25%
Kdx Realty Investment Cor	SCJ +0.20 points	0.05%	0.25%
Hoshizaki Corp	SCJ +0.20 points	0.06%	0.26%

All 507 FLJP holdings⁠All 764 SCJ 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 SCJ Cost

Overpaying SCJ vs FLJP

$8,081

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

FLJP 0.09%
$1,898
SCJ 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

FLJP 0.09%
SCJ 0.50%
Overpaying

Year by year

Year	FLJP	SCJ	Overpaying
10	$165	$900	$735
20	$646	$3,460	$2,814
30	$1,898	$9,979	$8,081

Expense ratio

0.09%FLJP, cheaper
0.50%SCJ

FLJP0.09%SCJ0.50%

0.09%1.92%

Middle half of Japan funds
Median 0.54%

FLJP cheapest of 18 funds

SCJ 9th cheapest of 18 funds

FLJP vs SCJ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLJP 4.26%, better; SCJ 2.77%
Payout (12M): FLJP $1.69; SCJ $2.92
Last payment: FLJP $0.17; SCJ $0.92
Ex-dividend: FLJP Jun 26, 2026; SCJ Jun 15, 2026
Paid on: FLJP Jul 6, 2026; SCJ Jun 18, 2026
Frequency: FLJP Twice a year; SCJ Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FLJPTwice a year · 18 paymentsAll FLJP payments⁠

SCJTwice a year · 17 paymentsAll SCJ payments⁠

FLJP vs SCJ Risk

Fall from peak · 5 years

FLJP
SCJ

Risk facts

VolatilityStd dev, 3 years: FLJP 12.5%, betterSCJ 13.1%
Return per unit of riskSharpe ratio, 3 years: FLJP 1.17, betterSCJ 1.08
Worst fallMax drawdown, 5 years: FLJP −28.8%SCJ −28.6%, better
Market sensitivityBeta, 5 years: FLJP 0.96SCJ 0.83; Market = 1

FLJP and SCJ 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 SCJ

In short

Stated mandate

Why people hold it

Worth knowing

How FLJP and SCJ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJP

Only in SCJ

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 SCJ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLJP

Only in SCJ

Weight gaps