FJPCX vs. PRJPX

Last updated Jun 4, 2026

FJPCX (Fidelity Advisor Japan Fund Class C) and PRJPX (T. Rowe Price Japan Fund) are both Japan Equities funds. Over the past 10 years, FJPCX returned 10.44%/yr vs 7.82%/yr for PRJPX. Their correlation of 0.92 suggests significant overlap in exposure. FJPCX charges 2.09%/yr vs 1.05%/yr for PRJPX.

Performance

FJPCX vs. PRJPX - Performance Comparison

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

Returns By Period

In the year-to-date period, FJPCX achieves a 23.89% return, which is significantly higher than PRJPX's 11.22% return. Over the past 10 years, FJPCX has outperformed PRJPX with an annualized return of 10.44%, while PRJPX has yielded a comparatively lower 7.82% annualized return.

FJPCX

• 1D: -0.17%
• 1M: 7.30%
• YTD: 23.89%
• 6M: 24.21%
• 1Y: 42.46%
• 3Y*: 20.61%
• 5Y*: 9.17%
• 10Y*: 10.44%

PRJPX

• 1D: -0.26%
• 1M: 6.58%
• YTD: 11.22%
• 6M: 14.06%
• 1Y: 27.33%
• 3Y*: 14.69%
• 5Y*: 2.08%
• 10Y*: 7.82%

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

FJPCX vs. PRJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPCX Fidelity Advisor Japan Fund Class C	23.89%	30.33%	6.28%	14.73%	-23.02%	2.12%	24.21%	24.42%	-15.61%	28.87%
PRJPX T. Rowe Price Japan Fund	11.22%	32.21%	6.13%	2.02%	-27.37%	-11.03%	34.60%	27.56%	-12.24%	32.06%

Correlation

The correlation between FJPCX and PRJPX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 20, 2010	0.92

The correlation between FJPCX and PRJPX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

FJPCX vs. PRJPX — Risk / Return Rank

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

FJPCX

FJPCX Risk / Return Rank: 52
FJPCX Sharpe Ratio Rank: 44
FJPCX Sortino Ratio Rank: 41
FJPCX Omega Ratio Rank: 41
FJPCX Calmar Ratio Rank: 69
FJPCX Martin Ratio Rank: 62

PRJPX

PRJPX Risk / Return Rank: 24
PRJPX Sharpe Ratio Rank: 24
PRJPX Sortino Ratio Rank: 25
PRJPX Omega Ratio Rank: 26
PRJPX Calmar Ratio Rank: 22
PRJPX Martin Ratio Rank: 22

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. PRJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class C (FJPCX) and T. Rowe Price Japan Fund (PRJPX). 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.

	FJPCX	PRJPX	Difference
Sharpe ratio Return per unit of total volatility	1.95	1.41	+0.55
Sortino ratio Return per unit of downside risk	2.68	2.06	+0.62
Omega ratio Gain probability vs. loss probability	1.35	1.27	+0.08
Calmar ratio Return relative to maximum drawdown	3.23	1.75	+1.48
Martin ratio Return relative to average drawdown	12.26	5.59	+6.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJPCX vs. PRJPX - Sharpe Ratio Comparison

The current FJPCX Sharpe Ratio is 1.95, which is higher than the PRJPX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FJPCX and PRJPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FJPCX	PRJPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.41	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.11	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.45	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.17	+0.23

Drawdowns

FJPCX vs. PRJPX - Drawdown Comparison

The maximum FJPCX drawdown since its inception was -36.91%, smaller than the maximum PRJPX drawdown of -68.26%. Use the drawdown chart below to compare losses from any high point for FJPCX and PRJPX.

Drawdown Indicators

	FJPCX	PRJPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.91%	-68.26%	+31.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-15.11%	+2.30%
Max Drawdown (3Y) Largest decline over 3 years	-19.64%	-17.76%	-1.88%
Max Drawdown (5Y) Largest decline over 5 years	-36.91%	-44.42%	+7.51%
Max Drawdown (10Y) Largest decline over 10 years	-36.91%	-45.44%	+8.53%
Current Drawdown Current decline from peak	-1.66%	-3.09%	+1.43%
Average Drawdown Average peak-to-trough decline	-10.51%	-26.75%	+16.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.72%	-1.35%

Volatility

FJPCX vs. PRJPX - Volatility Comparison

Fidelity Advisor Japan Fund Class C (FJPCX) has a higher volatility of 5.05% compared to T. Rowe Price Japan Fund (PRJPX) at 3.47%. This indicates that FJPCX's price experiences larger fluctuations and is considered to be riskier than PRJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPCX	PRJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	3.47%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	14.42%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	21.21%	18.84%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	19.05%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	17.56%	+0.73%

FJPCX vs. PRJPX - Expense Ratio Comparison

FJPCX has a 2.09% expense ratio, which is higher than PRJPX's 1.05% expense ratio.

Dividends

FJPCX vs. PRJPX - Dividend Comparison

FJPCX's dividend yield for the trailing twelve months is around 7.40%, less than PRJPX's 13.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPCX Fidelity Advisor Japan Fund Class C	7.40%	9.16%	3.93%	2.96%	0.00%	10.33%	1.25%	0.22%	0.00%	0.25%	0.00%	0.00%
PRJPX T. Rowe Price Japan Fund	13.17%	14.65%	4.82%	1.71%	6.94%	5.42%	2.59%	2.62%	7.56%	0.33%	0.70%	1.05%

Frequently Asked Questions

Can I hold both FJPCX and PRJPX in my portfolio?

FJPCX and PRJPX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJPCX or PRJPX?

FJPCX has higher volatility (5.05%) compared to PRJPX (3.47%). In terms of maximum drawdown, FJPCX dropped -36.91% vs PRJPX's -68.26%.

Which has better risk-adjusted returns?

FJPCX currently has the higher Sharpe Ratio (1.95 vs 1.41), 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.