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Fidelity Advisor Japan Fund Class Z (FIQLX) Sharpe Ratio: 1.93

Mutual Fund · Currency in USD · Last updated Jun 26, 2026

The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in securities of Japanese issuers and other investments that are tied economically to Japan. It normally invests primarily in common stocks and uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FIQLX's Sharpe Ratio of 1.93 indicates that for each unit of volatility, it generates 1.93 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FIQLX Sharpe Ratio Rank

FIQLX Sharpe Ratio Rank: 65.666
Above Average

FIQLX ranks above 65.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

FIQLX Sharpe Ratio Market Positioning

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

  • Red zone (bottom 25%): 1.16 or lower
  • Yellow zone (middle 50%): 1.16 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 4.00+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Advisor Japan Fund Class Z's Sharpe Ratio with other mutual funds in the Japan Equities category across multiple time periods, showing how FIQLX'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 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FIQLXFidelity Advisor Japan Fund Class Z1.93
FJPNXFidelity Japan Fund1.92
FJPIXFidelity Advisor Japan Fund Class I1.92
FPJAXFidelity Advisor Japan Fund Class A1.91
FJPTXFidelity Advisor Japan Fund Class M1.89
FJPCXFidelity Advisor Japan Fund Class C1.86
DFJSXDFA Japanese Small Company Portfolio1.83
CNJFXCommonwealth Japan Fund1.81
FJSCXFidelity Japan Smaller Companies Fund1.72
HJPSXHennessy Japan Small Cap Fund1.63

S&P 500 Index

How to choose period

Historical Sharpe Ratio

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

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

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Sharpe Ratio Calculator

How does FIQLX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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