T. Rowe Price Japan Fund (PRJPX)

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The chart shows the growth of an initial investment of $10,000 in T. Rowe Price 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.

T. Rowe Price Japan Fund (PRJPX) has returned -2.51% so far this year and 21.16% over the past 12 months. Over the last ten years, PRJPX has returned 7.14% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 1992, PRJPX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, your investment would double in approximately 15.2 years.

Historically, 55% of months were positive and 45% were negative. The best month was Mar 2004 with a return of +16.2%, while the worst month was Oct 2008 at -16.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PRJPX closed higher 48% of trading days. The best single day was Oct 7, 1998 with a return of +10.7%, while the worst single day was Mar 12, 2020 at -10.0%.

T. Rowe Price Japan Fund has an annualized alpha of -0.08%, beta of 0.51, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since January 03, 1992.

• This fund participated in 71.20% of S&P 500 Index downside but only 52.00% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.51 may look defensive, but with R² of 0.23 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 0.23 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.

PRJPX has a high expense ratio of 1.05%, indicating above-average management fees.

PRJPX ranks 46 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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

T. Rowe Price Japan Fund provided a 15.03% dividend yield over the last twelve months, with an annual payout of $1.99 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for T. Rowe Price 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 T. Rowe Price 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 T. Rowe Price Japan Fund was 68.26%, occurring on Mar 11, 2003. Recovery took 3565 trading sessions.

The current T. Rowe Price Japan Fund drawdown is 15.05%.

The chart below shows the rolling one-month volatility.