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Commonwealth Japan Fund (CNJFX) Sortino Ratio: 2.90

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal market conditions, the Japan Fund invests at least 80% of its net assets in the securities of, and depositary receipts (including American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs"), and European Depositary Receipts ("EDRs")) represented by, Japanese issuers that are tied economically to Japan. It may also enter into derivative transactions. The fund may use derivative transactions for any purpose consistent with its investment objective, such as for hedging, obtaining market exposure, and generating premium income.

CNJFX's Sortino Ratio of 2.90 indicates that for each unit of downside volatility, it generates 2.90 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

CNJFX Sortino Ratio Rank

CNJFX Sortino Ratio Rank: 56.857
Average

CNJFX ranks above 56.8% of all investments in our database based on Sortino Ratio over the past 12 months, indicating moderate downside protection relative to peers. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Returns are proportional to downside risk—neither strong nor weak
  • Evaluate whether downside volatility aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

CNJFX Sortino Ratio Market Positioning

The chart shows CNJFX's Sortino Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.

  • Red zone (bottom 25%): 1.93 or lower
  • Yellow zone (middle 50%): 1.93 to 3.30
  • Green zone (top 25%): 3.30 or higher
  • Top 1%: 9.03+
  • Median: 2.75 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Commonwealth Japan Fund's Sortino Ratio with other mutual funds in the Japan Equities category across multiple time periods, showing how CNJFX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
FIQLXFidelity Advisor Japan Fund Class Z2.97
FJPNXFidelity Japan Fund2.96
FJPIXFidelity Advisor Japan Fund Class I2.96
FPJAXFidelity Advisor Japan Fund Class A2.94
DFJSXDFA Japanese Small Company Portfolio2.93
FJPTXFidelity Advisor Japan Fund Class M2.92
CNJFXCommonwealth Japan Fund2.90
FJPCXFidelity Advisor Japan Fund Class C2.89
FJSCXFidelity Japan Smaller Companies Fund2.75
HJPSXHennessy Japan Small Cap Fund2.52

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows CNJFX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CNJFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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