- ISIN
- US3159108857
- CUSIP
- 315910885
- Issuer
- Fidelity
- Inception Date
- Sep 15, 1992
- Category
- Japan Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FJPNX Performance Chart
Fidelity Japan Fund (FJPNX) is up 29.6% since the beginning of the year. FJPNX is currently trading at $26 per share. Investors who bought $1,000 worth of FJPNX shares 5 years ago would now be looking at an investment worth $1,724.
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Returns By Period
Fidelity Japan Fund (FJPNX) has returned 29.59% so far this year and 51.83% over the past 12 months. Over the last ten years, FJPNX has returned 11.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Japan Fund
- 1D
- 1.79%
- 1M
- 5.26%
- YTD
- 29.59%
- 6M
- 29.98%
- 1Y
- 51.83%
- 3Y*
- 22.71%
- 5Y*
- 11.51%
- 10Y*
- 11.90%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FJPNX Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 1992, FJPNX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 56% of months were positive and 44% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.84% | 9.01% | -9.68% | 10.72% | 6.11% | 3.89% | 29.59% | ||||||
| 2025 | 1.39% | 0.24% | 0.12% | 3.75% | 6.89% | 4.46% | -1.49% | 5.80% | 3.80% | 4.23% | -0.82% | -0.14% | 31.66% |
| 2024 | -0.62% | 3.63% | 2.72% | -5.88% | 3.37% | 1.81% | 6.83% | 3.06% | -0.11% | -5.51% | 1.83% | -3.17% | 7.37% |
| 2023 | 7.84% | -4.63% | 4.45% | -0.39% | 1.69% | 3.00% | 2.91% | -3.97% | -3.70% | -4.42% | 8.44% | 4.80% | 15.86% |
| 2022 | -8.09% | -2.76% | -2.54% | -8.74% | 3.19% | -9.34% | 7.26% | -3.25% | -9.86% | 3.57% | 12.51% | -4.06% | -22.23% |
| 2021 | -1.45% | 1.06% | 0.85% | -1.49% | 1.16% | -0.35% | 0.15% | 3.89% | 2.05% | -1.08% | -1.33% | -0.25% | 3.11% |
Benchmark Metrics
Fidelity Japan Fund has an annualized alpha of 1.59%, beta of 0.61, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 15, 1992.
- This fund participated in 79.47% of S&P 500 Index downside but only 68.07% 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.
- Alpha
- 1.59%
- Beta
- 0.61
- R²
- 0.28
- Upside Capture
- 68.07%
- Downside Capture
- 79.47%
Expense Ratio
FJPNX has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FJPNX ranks 71 for risk / return — better than 71% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Japan Fund (FJPNX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FJPNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.78 | +1.08 |
| Martin ratioReturn relative to average drawdown | 14.36 | 12.44 | +1.92 |
Dividends
Dividend History
Fidelity Japan Fund provided a 7.68% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.97 | $1.97 | $0.80 | $0.60 | $0.00 | $2.15 | $0.36 | $0.19 | $0.05 | $0.04 | $0.15 | $0.08 |
Dividend yield | 7.68% | 9.95% | 4.85% | 3.71% | 0.00% | 11.58% | 1.79% | 1.18% | 0.38% | 0.23% | 1.22% | 0.64% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.97 | $1.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $2.14 | $2.15 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -64.83%Apr 2003 | 3y 3mo | 14y 8mo | 18y 18dJan 2000 - Jan 2018 |
1998 bear market1998 | -38.60%Oct 1998 | 4y 3mo | 8mo 9d | 4y 11moJul 1994 - Jun 1999 |
Bear market2022 | -36.23%Oct 2022 | 1y 28d | 2y 7mo | 3y 8moSep 2021 - May 2025 |
COVID crash2020 | -29.14%Mar 2020 | 2mo 2d | 4mo 13d | 6mo 15dJan 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -24.74%Dec 2018 | 10mo 29d | 1y 17d | 1y 11moJan 2018 - Jan 2020 |
Drawdown Indicators
| FJPNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.83% | -56.78% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -9.10% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -18.90% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | -25.43% | -10.80% |
Max Drawdown (10Y)Largest decline over 10 years | -36.23% | -33.92% | -2.31% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -24.86% | -10.71% | -14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.03% | +1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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