FIQLX vs. RMBPX

Last updated Jun 24, 2026

FIQLX (Fidelity Advisor Japan Fund Class Z) and RMBPX (RMB Japan Fund) are both Japan Equities funds. A 0.78 correlation means they provide meaningful diversification when combined. FIQLX charges 0.96%/yr vs 1.30%/yr for RMBPX.

Performance

FIQLX vs. RMBPX - Performance Comparison

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

Returns By Period

FIQLX

• 1D: 0.78%
• 1M: 6.10%
• YTD: 30.64%
• 6M: 29.72%
• 1Y: 52.31%
• 3Y*: 24.78%
• 5Y*: 11.68%
• 10Y*: —

RMBPX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIQLX vs. RMBPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQLX Fidelity Advisor Japan Fund Class Z	30.64%	31.84%	7.43%	16.09%	-22.16%	3.32%	25.58%	25.93%	-11.46%
RMBPX RMB Japan Fund	0.00%	-0.24%	-14.03%	19.33%	-14.50%	-2.65%	13.06%	17.64%	-10.32%

Correlation

The correlation between FIQLX and RMBPX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.78

The correlation between FIQLX and RMBPX shifts across timeframes, from 0.60 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIQLX vs. RMBPX — Risk / Return Rank

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

FIQLX

FIQLX Risk / Return Rank: 79
FIQLX Sharpe Ratio Rank: 80
FIQLX Sortino Ratio Rank: 71
FIQLX Omega Ratio Rank: 68
FIQLX Calmar Ratio Rank: 88
FIQLX Martin Ratio Rank: 88

RMBPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RMBPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class Z (FIQLX) and RMB Japan Fund (RMBPX). 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.

	FIQLX	RMBPX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.19	—	—
Martin ratio: Return relative to average drawdown	15.60	—	—

Drawdowns

Drawdown Indicators

	FIQLX	RMBPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.13%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-10.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	—	—

Volatility

Volatility by Period

	FIQLX	RMBPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.94%	—	—

FIQLX vs. RMBPX - Expense Ratio Comparison

FIQLX has a 0.96% expense ratio, which is lower than RMBPX's 1.30% expense ratio.

Dividends

FIQLX vs. RMBPX - Dividend Comparison

FIQLX's dividend yield for the trailing twelve months is around 7.69%, while RMBPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIQLX Fidelity Advisor Japan Fund Class Z	7.69%	10.04%	5.04%	3.88%	0.00%	11.89%	1.97%	1.35%	0.48%
RMBPX RMB Japan Fund	0.00%	0.00%	3.28%	4.43%	1.04%	8.11%	0.29%	1.15%	0.36%

Frequently Asked Questions

Can I hold both FIQLX and RMBPX in my portfolio?

FIQLX and RMBPX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.