FJPCX vs. FJPTX

Last updated Jun 24, 2026

FJPCX (Fidelity Advisor Japan Fund Class C) and FJPTX (Fidelity Advisor Japan Fund Class M) are both Japan Equities funds from Fidelity. Over the past 10 years, FJPCX returned 11.27%/yr vs 11.69%/yr for FJPTX. With a 1.00 correlation, they move nearly in lockstep. FJPCX charges 2.09%/yr vs 1.70%/yr for FJPTX.

Performance

FJPCX vs. FJPTX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FJPCX having a 29.91% return and FJPTX slightly higher at 30.25%. Both investments have delivered pretty close results over the past 10 years, with FJPCX having a 11.27% annualized return and FJPTX not far ahead at 11.69%.

FJPCX

• 1D: 0.77%
• 1M: 5.98%
• YTD: 29.91%
• 6M: 28.97%
• 1Y: 50.64%
• 3Y*: 23.35%
• 5Y*: 10.42%
• 10Y*: 11.27%

FJPTX

• 1D: 0.79%
• 1M: 6.02%
• YTD: 30.25%
• 6M: 29.32%
• 1Y: 51.43%
• 3Y*: 23.98%
• 5Y*: 10.92%
• 10Y*: 11.69%

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

FJPCX vs. FJPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPCX Fidelity Advisor Japan Fund Class C	29.91%	30.33%	6.28%	14.73%	-23.02%	2.12%	24.21%	24.42%	-15.61%	28.87%
FJPTX Fidelity Advisor Japan Fund Class M	30.25%	30.99%	6.78%	15.26%	-22.68%	2.48%	24.68%	24.93%	-15.36%	28.98%

Correlation

The correlation between FJPCX and FJPTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 17, 2010	1.00

The correlation between FJPCX and FJPTX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FJPCX vs. FJPTX — Risk / Return Rank

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

FJPCX

FJPCX Risk / Return Rank: 76
FJPCX Sharpe Ratio Rank: 77
FJPCX Sortino Ratio Rank: 66
FJPCX Omega Ratio Rank: 64
FJPCX Calmar Ratio Rank: 87
FJPCX Martin Ratio Rank: 86

FJPTX

FJPTX Risk / Return Rank: 77
FJPTX Sharpe Ratio Rank: 78
FJPTX Sortino Ratio Rank: 68
FJPTX Omega Ratio Rank: 66
FJPTX Calmar Ratio Rank: 88
FJPTX Martin Ratio Rank: 86

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.

FJPCX vs. FJPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class C (FJPCX) and Fidelity Advisor Japan Fund Class M (FJPTX). 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.

	FJPCX	FJPTX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.38	-0.03
Sortino ratio: Return per unit of downside risk	3.10	3.14	-0.03
Omega ratio: Gain probability vs. loss probability	1.41	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	4.03	4.09	-0.06
Martin ratio: Return relative to average drawdown	14.94	15.21	-0.28

FJPCX vs. FJPTX - Sharpe Ratio Comparison

The current FJPCX Sharpe Ratio is 2.35, which is comparable to the FJPTX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FJPCX and FJPTX, 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

FJPCX vs. FJPTX - Drawdown Comparison

The maximum FJPCX drawdown since its inception was -36.91%, roughly equal to the maximum FJPTX drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FJPCX and FJPTX.

Drawdown Indicators

	FJPCX	FJPTX	Difference
Max Drawdown Largest peak-to-trough decline	-36.91%	-36.61%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-12.81%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.64%	-19.40%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-36.91%	-36.61%	-0.30%
Max Drawdown (10Y) Largest decline over 10 years	-36.91%	-36.61%	-0.30%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.49%	-10.14%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	3.44%	+0.01%

Volatility

FJPCX vs. FJPTX - Volatility Comparison

Fidelity Advisor Japan Fund Class C (FJPCX) and Fidelity Advisor Japan Fund Class M (FJPTX) have volatilities of 7.88% and 7.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPCX	FJPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	7.90%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	17.38%	17.41%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	22.03%	22.07%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	20.19%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	18.38%	0.00%

FJPCX vs. FJPTX - Expense Ratio Comparison

FJPCX has a 2.09% expense ratio, which is higher than FJPTX's 1.70% expense ratio.

Dividends

FJPCX vs. FJPTX - Dividend Comparison

FJPCX's dividend yield for the trailing twelve months is around 7.05%, less than FJPTX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPCX Fidelity Advisor Japan Fund Class C	7.05%	9.16%	3.93%	2.96%	0.00%	10.33%	1.25%	0.22%	0.00%	0.25%	0.00%	0.00%
FJPTX Fidelity Advisor Japan Fund Class M	7.31%	9.53%	4.42%	3.13%	0.00%	10.97%	1.35%	0.71%	0.00%	0.23%	0.37%	0.07%

Frequently Asked Questions

Can I hold both FJPCX and FJPTX in my portfolio?

With a correlation of 1.00, FJPCX and FJPTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FJPCX or FJPTX?

FJPTX has higher volatility (7.90%) compared to FJPCX (7.88%). In terms of maximum drawdown, FJPCX dropped -36.91% vs FJPTX's -36.61%.

Which has better risk-adjusted returns?

FJPTX currently has the higher Sharpe Ratio (2.38 vs 2.35), 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.