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Fidelity Japan Fund (FJPNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 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.

Looking to diversify beyond FJPNX? The mutual funds below have the lowest correlation with FJPNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FJPNX.

Best Diversifiers for FJPNX

0 mutual funds have low correlation with FJPNX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Technology Portfolio (FSPTX) (Technology Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.60 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSPTX
Fidelity Select Technology Portfolio0.560.540.60
83
Technology EquitiesFJPNX vs FSPTX
FBGRX
Fidelity Blue Chip Growth Fund0.590.580.62
61
Large Cap Growth EquitiesFJPNX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.600.550.59
92
Semiconductors, Technology EquitiesFJPNX vs FSELX
FHKCX
Fidelity China Region Fund0.600.530.54
92
China Equities, Asia Pacific EquitiesFJPNX vs FHKCX
FSSNX
Fidelity Small Cap Index Fund0.610.590.61
69
Small Cap Blend EquitiesFJPNX vs FSSNX
See all 23 diversifiers for FJPNX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FJPNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FJPNX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.15, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
WM
Waste Management, Inc.-0.150.040.14
51
Industrials
MSBHF
Mitsubishi Corp0.350.450.39
78
Industrials
MITSY
Mitsui & Company Ltd0.490.570.54
75
Industrials

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Diversification Analysis

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Add FJPNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FJPNX