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T. Rowe Price Japan Fund (PRJPX) Sharpe Ratio: 1.26

PRJPX's Sharpe Ratio of 1.26 indicates that for each unit of volatility, it generates 1.26 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PRJPX Sharpe Ratio Rank

PRJPX Sharpe Ratio Rank: 64.965
Above Average

PRJPX ranks above 64.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

PRJPX Sharpe Ratio Market Positioning

The chart shows PRJPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.76 or lower
  • Yellow zone (middle 50%): 0.76 to 1.49
  • Green zone (top 25%): 1.49 or higher
  • Top 1%: 3.50+
  • Median: 1.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Japan Fund's Sharpe Ratio with other mutual funds in the Japan Equities category across multiple time periods, showing how PRJPX'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 Apr 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DFJSXDFA Japanese Small Company Portfolio1.89
HJPSXHennessy Japan Small Cap Fund1.69
FIQLXFidelity Advisor Japan Fund Class Z1.64
FJPIXFidelity Advisor Japan Fund Class I1.63
FJPNXFidelity Japan Fund1.63
FPJAXFidelity Advisor Japan Fund Class A1.62
FJPTXFidelity Advisor Japan Fund Class M1.60
FJSCXFidelity Japan Smaller Companies Fund1.58
FJPCXFidelity Advisor Japan Fund Class C1.57
FSJPXFidelity SAI Japan Stock Index Fund1.33
PRJPXT. Rowe Price Japan Fund1.26

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PRJPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PRJPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore PRJPX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

PRJPX Sortino Ratio