RAYJvsFLJPETF Comparison
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Rayliant SMDAM Japan Equity ETF (RAYJ) and Franklin FTSE Japan ETF (FLJP) belong to the same industry segment: Japan Blended Cap. RAYJ's top 3 sector exposures are Consumer Discretionary, Industrials and Information Technology. In contrast, FLJP's top sector exposures are Industrials, Consumer Discretionary and Financials. RAYJ is more expensive with a Total Expense Ratio (TER) of 1.67%, versus 0.09% for FLJP. RAYJ is up 18.13% year-to-date (YTD) with +$6M in YTD flows. FLJP performs worse with 10.48% YTD performance, and +$728M in YTD flows. Run a side-by-side ETF comparison of RAYJ and FLJP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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RAYJ vs FLJP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RAYJ FLJP | +9.14%+4.65% | +12.03%+2.87% | +18.13%+10.48% | +41.20%+30.23% | n/a+63.34% | n/a+51.40% |
| Flows | RAYJ FLJP | +$1K+$316M | +$1K+$750M | +$6M+$728M | +$6M+$938M | -+$1.67B | -+$2.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RAYJ FLJP | +32.90%+28.19% | +21.97%+19.89% | n/a+21.16% | n/a+20.14% |
| Max drawdown | RAYJ FLJP | -15.52%-13.65% | -15.52%-13.65% | n/a-18.71% | n/a-33.12% |
| Max drawdown duration | RAYJ FLJP | 61d81d | 61d81d | n/a235d | n/a903d |
Trading data
RAYJ | FLJP | |
Last sale 5/5/2026 at 1:30 PM | $38.80 | $38.10 |
| Previous close 05/04/2026 | $38.29 | $37.63 |
| Consolidated volume 05/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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RAYJ
is actively managed and doesn’t replicate an indexRAYJ | FLJP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/5/2026 at 1:30 PM
Live
Closed
RAYJ | FLJP | |
|---|---|---|
| Last price | $38.80 | $38.10 |
| 1D performance | +1.35% | +1.25% |
| AuM | $24.99 M | $3.51 B |
| E/R | 1.67% | 0.09% |
Characteristics
RAYJ | FLJP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Rayliant Asset Management | Franklin Templeton |
| Benchmark | - | FTSE Japan RIC Capped Index |
| N° of holdings | 31 | 466 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 4, 2024 | November 2, 2017 |
| ESG | No | No |
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Exposure
Countries
RAYJ
Japan
99.59%
Other
0.41%
FLJP
Japan
100%
Other
0%
Sectors
RAYJ
Consumer Discreti.
30.77%
Industrials
30.77%
Information Techn.
10.83%
Financials
7.52%
Other
20.11%
FLJP
Industrials
26.26%
Consumer Discreti.
16.02%
Financials
15.7%
Information Techn.
12.7%
Other
29.33%
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Diversification
RAYJ
Total weight of top 15 holdings out of 15
63.44%
FLJP
Total weight of top 15 holdings out of 15
31.24%
Top 15 holdings
Data as of March 31, 2026
RAYJ
MITSUBISHI UFJ FINANCIAL GROUP
5.95%
FUJIKURA
5.55%
FOOD & LIFE COMPANIES LTD.
4.85%
TOYOTA
4.82%
SHOWA DENKO
4.76%
TOYOTA TSUSHO
4.25%
ASICS
4.04%
FAST RETAILING
3.90%
RYOHIN KEIKAKU
3.83%
KAWASAKI HVY IND
3.80%
HITACHI
3.78%
DAIFUKU
3.60%
KINDEN
3.55%
MITSUI FUDOSAN
3.40%
CHUGAI PHARMACEUTICAL
3.36%
FLJP
TOYOTA
4.06%
MITSUBISHI UFJ FINANCIAL GROUP
3.35%
HITACHI
2.33%
SONY GROUP CORPORATION
2.18%
SUMITOMO MITSUI
2.15%
MITSUBISHI
2.09%
TOKYO ELECTRON
2.01%
ADVANTEST
1.87%
MITSUI
1.82%
MIZUHO FINANCIAL
1.72%
SOFTBANK GROUP CORP
1.69%
MITSUBISHI HVY
1.63%
TOKIO MARINE HOLDINGS
1.55%
ITOCHU
1.46%
SHIN-ETSU CHEM
1.32%
Frequently asked questions about RAYJ and FLJP
How have the RAYJ and FLJP ETFs performed in 2026?
As of May 1, 2026, RAYJ is up 18.13% year-to-date (YTD), while FLJP has returned 10.48%. That puts RAYJ better performer ahead so far this year.
Which ETF is attracting more investor money: RAYJ or FLJP?
Year-to-date, the RAYJ ETF saw +$6M in flows, compared to +$728M for FLJP.
Which ETF is more volatile: RAYJ or FLJP?
Over the past year, RAYJ had a volatility of 21.97%, while FLJP experienced 19.89%.
Which ETF is bigger: RAYJ or FLJP?
As of May 1, 2026, RAYJ holds $24.99 M in assets under management (AUM), while FLJP manages $3.51 B.
What sectors do the RAYJ and FLJP ETFs invest in?
RAYJ leans toward sectors like Consumer Discretionary, Industrials and Information Technology. Meanwhile, FLJP focuses on Industrials, Consumer Discretionary and Financials.
What are the top holdings of the RAYJ ETF and FLJP ETF?
RAYJ top holdings include MITSUBISHI UFJ FINANCIAL GROUP, FUJIKURA and FOOD & LIFE COMPANIES LTD.. FLJP holds in its top three: TOYOTA, MITSUBISHI UFJ FINANCIAL GROUP and HITACHI.
Which ETF is more diversified: RAYJ or FLJP?
RAYJ holds 31 securities with 63.44% of its assets in the top 15. FLJP has 475 securities and a top 15 weight of 31.24%.
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Latest news about RAYJ & FLJP
Japan ETFs Gain Amid Nikkei and TOPIX Surge in June
July 1, 2024
FLJP
Tony's ETF Buyers Guide: Japanese Equity ETFs
April 5, 2024
FLJP
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