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Fidelity Japan Smaller Companies Fund (FJSCX) Sortino Ratio: 2.61

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests at least 80% of assets in securities of Japanese issuers, and other investments that are tied economically to Japan, with smaller market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell/Nomura Mid-Small Cap Index or the JASDAQ Index). It invests in securities of Japanese issuers with larger market capitalizations. The fund 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.

FJSCX's Sortino Ratio of 2.61 indicates that for each unit of downside volatility, it generates 2.61 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 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.

FJSCX Sortino Ratio Rank

FJSCX Sortino Ratio Rank: 38.739
Below Average

FJSCX ranks above 38.7% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. 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 may not adequately compensate for downside risk taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better downside protection
  • Assess whether downside exposure aligns with your portfolio goals

FJSCX Sortino Ratio Market Positioning

The chart shows FJSCX'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%): 2.08 or lower
  • Yellow zone (middle 50%): 2.08 to 3.61
  • Green zone (top 25%): 3.61 or higher
  • Top 1%: 9.19+
  • Median: 2.99 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Japan Smaller Companies Fund's Sortino Ratio with other mutual funds in the Japan Equities category across multiple time periods, showing how FJSCX'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 3, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
FIQLXFidelity Advisor Japan Fund Class Z2.91
FJPNXFidelity Japan Fund2.90
FJPIXFidelity Advisor Japan Fund Class I2.90
FPJAXFidelity Advisor Japan Fund Class A2.88
FJPTXFidelity Advisor Japan Fund Class M2.86
DFJSXDFA Japanese Small Company Portfolio2.84
FJPCXFidelity Advisor Japan Fund Class C2.82
CNJFXCommonwealth Japan Fund2.67
FJSCXFidelity Japan Smaller Companies Fund2.61
HJPSXHennessy Japan Small Cap Fund2.53

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows FJSCX'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 FJSCX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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