
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT
- About
First Trust Japan AlphaDEX® Fund (FJP)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/10/2025: FJP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -10.45% | Avg. Invested days 54 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Volume (30-day avg) - | Beta 0.84 | 52 Weeks Range 43.52 - 60.54 | Updated Date 06/29/2025 |
52 Weeks Range 43.52 - 60.54 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust Japan AlphaDEX® Fund
ETF Overview
Overview
The First Trust Japan AlphaDEXu00ae Fund (FJP) is designed to select and weight Japanese stocks based on growth factors including sales growth, price appreciation, and momentum, in addition to value factors including book value to price, cash flow to price, and return on assets. It aims to provide investment results that correspond generally to the price and yield of the NASDAQ AlphaDEXu00ae Japan Index.
Reputation and Reliability
First Trust is a well-established ETF provider known for its innovative and rules-based investment strategies.
Management Expertise
First Trust has a dedicated team of portfolio managers and analysts with experience in quantitative investing and global equity markets.
Investment Objective
Goal
To seek investment results that correspond generally to the price and yield, before fees and expenses, of the NASDAQ AlphaDEXu00ae Japan Index.
Investment Approach and Strategy
Strategy: The fund uses the AlphaDEXu00ae methodology to select and weight securities. This involves ranking stocks based on growth and value factors.
Composition The ETF holds a portfolio of Japanese equity securities selected based on the AlphaDEXu00ae methodology.
Market Position
Market Share: FJP has a moderate market share within the Japan equity ETF category.
Total Net Assets (AUM): 73460000
Competitors
Key Competitors
- iShares MSCI Japan ETF (EWJ)
- WisdomTree Japan Hedged Equity Fund (DXJ)
- JPMorgan BetaBuilders Japan ETF (BBJP)
Competitive Landscape
The Japan equity ETF market is dominated by large, passively managed funds like EWJ. FJP differentiates itself through its smart beta AlphaDEXu00ae strategy, potentially offering higher returns but also higher risk. Compared to market-cap weighted funds, FJP may exhibit higher turnover and tracking error.
Financial Performance
Historical Performance: Historical performance data is available through financial data providers and should be consulted for specific returns over various periods.
Benchmark Comparison: The ETF's performance should be compared against the NASDAQ AlphaDEXu00ae Japan Index to assess tracking effectiveness.
Expense Ratio: 0.8
Liquidity
Average Trading Volume
FJP's average daily trading volume indicates moderate liquidity.
Bid-Ask Spread
The bid-ask spread is generally competitive, suggesting reasonable trading costs.
Market Dynamics
Market Environment Factors
Economic growth in Japan, currency fluctuations (JPY/USD), and global market sentiment influence FJP's performance.
Growth Trajectory
FJP's growth depends on the continued adoption of smart beta strategies and the performance of its underlying holdings.
Moat and Competitive Advantages
Competitive Edge
FJP's competitive advantage lies in its unique AlphaDEXu00ae methodology, which aims to outperform traditional market-cap weighted indexes. The fund's focus on both growth and value factors distinguishes it from some competitors that emphasize only one aspect. This differentiated strategy may appeal to investors seeking enhanced returns in the Japanese equity market. However, its higher expense ratio and smaller AUM compared to larger competitors could be disadvantages. First Trust's established reputation as a thematic ETF provider offers credibility.
Risk Analysis
Volatility
FJP's volatility may be higher than broad market Japan ETFs due to its stock selection methodology.
Market Risk
The fund is subject to market risk associated with Japanese equities, including economic downturns, political instability, and currency fluctuations.
Investor Profile
Ideal Investor Profile
FJP may be suitable for investors seeking potentially higher returns from Japanese equities through a smart beta approach and willing to accept higher volatility.
Market Risk
FJP is best suited for long-term investors with a moderate to high risk tolerance seeking to outperform traditional market-cap weighted indexes.
Summary
The First Trust Japan AlphaDEXu00ae Fund (FJP) offers a unique smart beta approach to investing in Japanese equities by using the AlphaDEXu00ae methodology. It aims to outperform traditional market-cap weighted indexes by selecting and weighting stocks based on growth and value factors. Its competitive edge lies in its differentiated strategy, but it may exhibit higher volatility than broad market Japan ETFs. FJP is suited for long-term investors with a moderate to high-risk tolerance seeking potentially higher returns. However, its expense ratio is relatively high.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Japan AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Japan Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.