PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWJV vs. FJSCX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWJV vs. FJSCX

Last updated Jun 24, 2026

EWJV (iShares MSCI Japan Value ETF) and FJSCX (Fidelity Japan Smaller Companies Fund) are both Japan Equities funds. Over the past 5 years, EWJV returned 13.50%/yr vs 11.36%/yr for FJSCX. A 0.72 correlation means they provide meaningful diversification when combined. EWJV charges 0.15%/yr vs 0.91%/yr for FJSCX.

Performance

EWJV vs. FJSCX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, EWJV achieves a 12.37% return, which is significantly lower than FJSCX's 28.43% return.

EWJV

1D
-3.02%
1M
-1.22%
YTD
12.37%
6M
11.97%
1Y
37.31%
3Y*
22.92%
5Y*
13.50%
10Y*
—

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)

EWJV vs. FJSCX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EWJV
iShares MSCI Japan Value ETF		12.37%33.96%11.59%23.60%-6.02%5.48%2.41%9.40%
FJSCX
Fidelity Japan Smaller Companies Fund		28.43%26.43%8.03%15.15%-14.49%-0.36%4.80%13.59%

Correlation

The correlation between EWJV and FJSCX is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2019

0.72

The correlation between EWJV and FJSCX has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Japan Value ETF

Fidelity Japan Smaller Companies Fund

Often compared with EWJV:
EWJV vs. EWJEWJV vs. DXJEWJV vs. FLJPEWJV vs. BBJPEWJV vs. HEWJEWJV vs. FLJHEWJV vs. DFJ
Often compared with FJSCX:
FJSCX vs. DFJFJSCX vs. DXJSFJSCX vs. DBJPFJSCX vs. PRJPXFJSCX vs. SCJFJSCX vs. FNORXFJSCX vs. FSELX

Return for Risk

EWJV vs. FJSCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWJV
EWJV Risk / Return Rank: 5656
Overall Rank
EWJV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
EWJV Sortino Ratio Rank: 5959
Sortino Ratio Rank
EWJV Omega Ratio Rank: 6060
Omega Ratio Rank
EWJV Calmar Ratio Rank: 5454
Calmar Ratio Rank
EWJV Martin Ratio Rank: 4747
Martin Ratio Rank
FJSCX
FJSCX Risk / Return Rank: 6767
Overall Rank
FJSCX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
FJSCX Sortino Ratio Rank: 6363
Sortino Ratio Rank
FJSCX Omega Ratio Rank: 6060
Omega Ratio Rank
FJSCX Calmar Ratio Rank: 7777
Calmar Ratio Rank
FJSCX Martin Ratio Rank: 6464
Martin Ratio Rank
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.

EWJV vs. FJSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.

EWJVFJSCXDifference
Sharpe ratioReturn per unit of total volatility
1.90
2.22

-0.32

Sortino ratioReturn per unit of downside risk
2.67
3.03

-0.36

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.04

Calmar ratioReturn relative to maximum drawdown

2.54

3.34

-0.79

Martin ratioReturn relative to average drawdown

7.55

11.77

-4.22

EWJV vs. FJSCX - Sharpe Ratio Comparison

The current EWJV Sharpe Ratio is 1.90, which is comparable to the FJSCX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of EWJV 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.

Loading charts...

Drawdowns

EWJV vs. FJSCX - Drawdown Comparison

The maximum EWJV drawdown since its inception was -30.05%, smaller than the maximum FJSCX drawdown of -71.42%. Use the drawdown chart below to compare losses from any high point for EWJV and FJSCX.

Loading charts...

Drawdown Indicators

EWJVFJSCXDifference

Max Drawdown

Largest peak-to-trough decline

-30.05%

-71.42%

+41.37%

Max Drawdown (1Y)

Largest decline over 1 year

-14.74%

-12.79%

-1.95%

Max Drawdown (3Y)

Largest decline over 3 years

-14.74%

-15.08%

+0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-25.39%

-29.74%

+4.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.10%

—

Current Drawdown

Current decline from peak

-6.17%

0.00%

-6.17%

Average Drawdown

Average peak-to-trough decline

-6.18%

-26.60%

+20.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.96%

3.62%

+1.34%

Volatility

EWJV vs. FJSCX - Volatility Comparison

The current volatility for iShares MSCI Japan Value ETF (EWJV) is 5.81%, while Fidelity Japan Smaller Companies Fund (FJSCX) has a volatility of 7.07%. This indicates that EWJV experiences smaller price fluctuations and is considered to be less risky than FJSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EWJVFJSCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

7.07%

-1.26%

Volatility (6M)

Calculated over the trailing 6-month period

15.22%

15.59%

-0.37%

Volatility (1Y)

Calculated over the trailing 1-year period

19.70%

19.25%

+0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.07%

17.54%

+0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.57%

16.11%

+2.46%

EWJV vs. FJSCX - Expense Ratio Comparison

EWJV has a 0.15% expense ratio, which is lower than FJSCX's 0.91% expense ratio.

Dividends

EWJV vs. FJSCX - Dividend Comparison

EWJV's dividend yield for the trailing twelve months is around 5.06%, less than FJSCX's 13.72% yield.

PositionTTM20252024202320222021202020192018201720162015
EWJV
iShares MSCI Japan Value ETF		5.06%5.35%4.10%3.32%2.71%2.46%1.96%4.29%0.00%0.00%0.00%0.00%
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

EWJV and FJSCX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FJSCX has higher volatility (7.07%) compared to EWJV (5.81%). In terms of maximum drawdown, EWJV dropped -30.05% vs FJSCX's -71.42%.

FJSCX currently has the higher Sharpe Ratio (2.22 vs 1.90), 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.

Portfolio Optimizer

Find the right allocation for EWJV and FJSCX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer