FIQLX vs. HJPSX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Japan Fund Class Z (FIQLX) and Hennessy Japan Small Cap Fund (HJPSX).

FIQLX is managed by Fidelity. It was launched on Oct 2, 2018. HJPSX is managed by Hennessy. It was launched on Aug 30, 2007.

Performance

FIQLX vs. HJPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Japan Fund Class Z (FIQLX) and Hennessy Japan Small Cap Fund (HJPSX). The values are adjusted to include any dividend payments, if applicable.

FIQLX vs. HJPSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQLX Fidelity Advisor Japan Fund Class Z	6.19%	31.84%	7.43%	16.09%	-22.16%	3.32%	25.58%	25.93%	-11.46%
HJPSX Hennessy Japan Small Cap Fund	3.90%	29.02%	8.24%	16.30%	-16.35%	-4.64%	13.43%	19.97%	-10.99%

Returns By Period

In the year-to-date period, FIQLX achieves a 6.19% return, which is significantly higher than HJPSX's 3.90% return.

FIQLX

• 1D: 3.51%
• 1M: -8.60%
• YTD: 6.19%
• 6M: 10.75%
• 1Y: 38.15%
• 3Y*: 17.57%
• 5Y*: 6.67%
• 10Y*: —

HJPSX

• 1D: 3.11%
• 1M: -10.41%
• YTD: 3.90%
• 6M: 5.52%
• 1Y: 31.52%
• 3Y*: 15.99%
• 5Y*: 5.88%
• 10Y*: 10.24%

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

FIQLX vs. HJPSX - Expense Ratio Comparison

FIQLX has a 0.96% expense ratio, which is lower than HJPSX's 1.57% expense ratio.

HJPSX

Hennessy Japan Small Cap Fund

FIQLX

Fidelity Advisor Japan Fund Class Z

Return for Risk

FIQLX vs. HJPSX — Risk / Return Rank

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

FIQLX

FIQLX Risk / Return Rank: 83
FIQLX Sharpe Ratio Rank: 82
FIQLX Sortino Ratio Rank: 80
FIQLX Omega Ratio Rank: 74
FIQLX Calmar Ratio Rank: 91
FIQLX Martin Ratio Rank: 88

HJPSX

HJPSX Risk / Return Rank: 79
HJPSX Sharpe Ratio Rank: 85
HJPSX Sortino Ratio Rank: 83
HJPSX Omega Ratio Rank: 76
HJPSX Calmar Ratio Rank: 78
HJPSX Martin Ratio Rank: 71

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.

FIQLX vs. HJPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class Z (FIQLX) and Hennessy Japan Small Cap Fund (HJPSX). 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.

	FIQLX	HJPSX	Difference
Sharpe ratio Return per unit of total volatility	1.64	1.69	-0.05
Sortino ratio Return per unit of downside risk	2.19	2.24	-0.05
Omega ratio Gain probability vs. loss probability	1.31	1.30	0.00
Calmar ratio Return relative to maximum drawdown	2.80	2.00	+0.79
Martin ratio Return relative to average drawdown	10.36	7.34	+3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIQLX vs. HJPSX - Sharpe Ratio Comparison

The current FIQLX Sharpe Ratio is 1.64, which is comparable to the HJPSX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FIQLX and HJPSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIQLX	HJPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.69	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.35	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.49	-0.01

Correlation

The correlation between FIQLX and HJPSX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIQLX vs. HJPSX - Dividend Comparison

FIQLX's dividend yield for the trailing twelve months is around 9.46%, less than HJPSX's 12.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQLX Fidelity Advisor Japan Fund Class Z	9.46%	10.04%	5.04%	3.88%	0.00%	11.89%	1.97%	1.35%	0.48%	0.00%	0.00%	0.00%
HJPSX Hennessy Japan Small Cap Fund	12.75%	13.25%	3.64%	0.85%	0.61%	0.43%	0.23%	1.30%	3.46%	2.09%	2.03%	3.34%

Drawdowns

FIQLX vs. HJPSX - Drawdown Comparison

The maximum FIQLX drawdown since its inception was -36.13%, smaller than the maximum HJPSX drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for FIQLX and HJPSX.

Drawdown Indicators

	FIQLX	HJPSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-47.91%	+11.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-14.77%	+2.04%
Max Drawdown (5Y) Largest decline over 5 years	-36.13%	-33.24%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.80%	—
Current Drawdown Current decline from peak	-9.67%	-12.12%	+2.45%
Average Drawdown Average peak-to-trough decline	-10.48%	-10.10%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	4.03%	-0.56%

Volatility

FIQLX vs. HJPSX - Volatility Comparison

Fidelity Advisor Japan Fund Class Z (FIQLX) has a higher volatility of 10.55% compared to Hennessy Japan Small Cap Fund (HJPSX) at 7.83%. This indicates that FIQLX's price experiences larger fluctuations and is considered to be riskier than HJPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQLX	HJPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.55%	7.83%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	16.50%	13.58%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	23.01%	18.23%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	17.12%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	17.66%	+2.10%