DBJP vs. FJSCX

Last updated Jun 24, 2026

DBJP (Xtrackers MSCI Japan Hedged Equity ETF) and FJSCX (Fidelity Japan Smaller Companies Fund) are both Japan Equities funds. Over the past 10 years, DBJP returned 17.47%/yr vs 10.14%/yr for FJSCX. A 0.58 correlation means they provide meaningful diversification when combined. DBJP charges 0.45%/yr vs 0.91%/yr for FJSCX.

Performance

DBJP vs. FJSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Fidelity Japan Smaller Companies Fund (FJSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBJP achieves a 21.03% return, which is significantly lower than FJSCX's 28.43% return. Over the past 10 years, DBJP has outperformed FJSCX with an annualized return of 17.47%, while FJSCX has yielded a comparatively lower 10.14% annualized return.

DBJP

• 1D: -4.33%
• 1M: 3.46%
• YTD: 21.03%
• 6M: 21.10%
• 1Y: 53.92%
• 3Y*: 28.45%
• 5Y*: 21.61%
• 10Y*: 17.47%

FJSCX

• 1D: 1.89%
• 1M: 7.86%
• YTD: 28.43%
• 6M: 27.36%
• 1Y: 41.74%
• 3Y*: 22.78%
• 5Y*: 11.36%
• 10Y*: 10.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBJP vs. FJSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBJP Xtrackers MSCI Japan Hedged Equity ETF	21.03%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%
FJSCX Fidelity Japan Smaller Companies Fund	28.43%	26.43%	8.03%	15.15%	-14.49%	-0.36%	4.80%	22.00%	-15.98%	34.56%

Correlation

The correlation between DBJP and FJSCX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011	0.58

The correlation between DBJP and FJSCX shifts across timeframes, from 0.58 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DBJP vs. FJSCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBJP

DBJP Risk / Return Rank: 88
DBJP Sharpe Ratio Rank: 88
DBJP Sortino Ratio Rank: 85
DBJP Omega Ratio Rank: 85
DBJP Calmar Ratio Rank: 90
DBJP Martin Ratio Rank: 91

FJSCX

FJSCX Risk / Return Rank: 67
FJSCX Sharpe Ratio Rank: 69
FJSCX Sortino Ratio Rank: 63
FJSCX Omega Ratio Rank: 60
FJSCX Calmar Ratio Rank: 77
FJSCX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBJP vs. FJSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Fidelity Japan Smaller Companies Fund (FJSCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DBJP	FJSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.22	+0.50
Sortino ratio: Return per unit of downside risk	3.58	3.03	+0.55
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.09
Calmar ratio: Return relative to maximum drawdown	5.22	3.34	+1.88
Martin ratio: Return relative to average drawdown	19.97	11.77	+8.20

DBJP vs. FJSCX - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 2.72, which is comparable to the FJSCX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of DBJP and FJSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBJP vs. FJSCX - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum FJSCX drawdown of -71.42%. Use the drawdown chart below to compare losses from any high point for DBJP and FJSCX.

Drawdown Indicators

	DBJP	FJSCX	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-71.42%	+40.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-12.79%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-15.08%	-6.42%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-29.74%	+8.24%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-32.10%	+0.80%
Current Drawdown Current decline from peak	-4.33%	0.00%	-4.33%
Average Drawdown Average peak-to-trough decline	-7.27%	-26.60%	+19.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.62%	-0.91%

Volatility

DBJP vs. FJSCX - Volatility Comparison

Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a higher volatility of 7.92% compared to Fidelity Japan Smaller Companies Fund (FJSCX) at 7.07%. This indicates that DBJP's price experiences larger fluctuations and is considered to be riskier than FJSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	FJSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	7.07%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	15.56%	15.59%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	19.90%	19.25%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	17.54%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	16.11%	+3.20%

DBJP vs. FJSCX - Expense Ratio Comparison

DBJP has a 0.45% expense ratio, which is lower than FJSCX's 0.91% expense ratio.

Dividends

DBJP vs. FJSCX - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 1.25%, less than FJSCX's 13.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	1.25%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
FJSCX Fidelity Japan Smaller Companies Fund	13.72%	17.62%	4.54%	2.82%	0.05%	12.01%	1.59%	7.13%	5.55%	3.91%	2.83%	1.43%

Frequently Asked Questions

Can I hold both DBJP and FJSCX in my portfolio?

DBJP and FJSCX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBJP or FJSCX?

DBJP has higher volatility (7.92%) compared to FJSCX (7.07%). In terms of maximum drawdown, DBJP dropped -31.30% vs FJSCX's -71.42%.

Which has better risk-adjusted returns?

DBJP currently has the higher Sharpe Ratio (2.72 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.