Fidelity Japan Fund (FJPNX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Japan Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Japan Fund (FJPNX) has returned 2.58% so far this year and 32.72% over the past 12 months. Over the last ten years, FJPNX has returned 9.87% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 15, 1992, FJPNX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jun 1999 with a return of +16.7%, while the worst month was Oct 2008 at -17.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FJPNX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 12, 2020 at -10.2%.

Fidelity Japan Fund has an annualized alpha of 1.19%, beta of 0.61, and R² of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 16, 1992.

• This fund participated in 80.61% of S&P 500 Index downside but only 67.40% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.61 may look defensive, but with R² of 0.28 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.28 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FJPNX has a high expense ratio of 1.09%, indicating above-average management fees.

FJPNX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Japan Fund (FJPNX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Japan Fund provided a 9.70% dividend yield over the last twelve months, with an annual payout of $1.97 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Japan Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Japan Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Japan Fund was 64.83%, occurring on Apr 28, 2003. Recovery took 3707 trading sessions.

The current Fidelity Japan Fund drawdown is 12.74%.

The chart below shows the rolling one-month volatility.