FJPIX vs. FJPNX

Last updated Jun 24, 2026

FJPIX (Fidelity Advisor Japan Fund Class I) and FJPNX (Fidelity Japan Fund) are both Japan Equities funds from Fidelity. Over the past 10 years, FJPIX returned 12.31%/yr vs 12.31%/yr for FJPNX. With a 1.00 correlation, they move nearly in lockstep. FJPIX charges 1.04%/yr vs 1.09%/yr for FJPNX.

Performance

FJPIX vs. FJPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Japan Fund Class I (FJPIX) and Fidelity Japan Fund (FJPNX). 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 FJPIX having a 30.56% return and FJPNX slightly higher at 30.60%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FJPIX at 12.31% and FJPNX at 12.31%.

FJPIX

• 1D: 0.77%
• 1M: 6.08%
• YTD: 30.56%
• 6M: 29.59%
• 1Y: 52.16%
• 3Y*: 24.59%
• 5Y*: 11.52%
• 10Y*: 12.31%

FJPNX

• 1D: 0.78%
• 1M: 6.08%
• YTD: 30.60%
• 6M: 29.62%
• 1Y: 52.20%
• 3Y*: 24.64%
• 5Y*: 11.54%
• 10Y*: 12.31%

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

FJPIX vs. FJPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPIX Fidelity Advisor Japan Fund Class I	30.56%	31.61%	7.29%	15.88%	-22.22%	3.18%	25.56%	25.71%	-14.73%	29.03%
FJPNX Fidelity Japan Fund	30.60%	31.66%	7.37%	15.86%	-22.23%	3.11%	25.42%	25.74%	-14.84%	29.26%

Correlation

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

Return for Risk

FJPIX vs. FJPNX — Risk / Return Rank

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

FJPIX

FJPIX Risk / Return Rank: 78
FJPIX Sharpe Ratio Rank: 79
FJPIX Sortino Ratio Rank: 69
FJPIX Omega Ratio Rank: 67
FJPIX Calmar Ratio Rank: 88
FJPIX Martin Ratio Rank: 87

FJPNX

FJPNX Risk / Return Rank: 79
FJPNX Sharpe Ratio Rank: 80
FJPNX Sortino Ratio Rank: 70
FJPNX Omega Ratio Rank: 68
FJPNX Calmar Ratio Rank: 89
FJPNX Martin Ratio Rank: 87

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.

FJPIX vs. FJPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class I (FJPIX) and Fidelity Japan Fund (FJPNX). 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.

	FJPIX	FJPNX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.42	-0.01
Sortino ratio: Return per unit of downside risk	3.17	3.18	-0.01
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	4.16	4.18	-0.02
Martin ratio: Return relative to average drawdown	15.50	15.56	-0.06

FJPIX vs. FJPNX - Sharpe Ratio Comparison

The current FJPIX Sharpe Ratio is 2.41, which is comparable to the FJPNX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of FJPIX and FJPNX, 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

FJPIX vs. FJPNX - Drawdown Comparison

The maximum FJPIX drawdown since its inception was -36.13%, smaller than the maximum FJPNX drawdown of -64.83%. Use the drawdown chart below to compare losses from any high point for FJPIX and FJPNX.

Drawdown Indicators

	FJPIX	FJPNX	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-64.83%	+28.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-12.74%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-19.19%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-36.13%	-36.23%	+0.10%
Max Drawdown (10Y) Largest decline over 10 years	-36.13%	-36.23%	+0.10%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.63%	-24.86%	+15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.42%	0.00%

Volatility

FJPIX vs. FJPNX - Volatility Comparison

Fidelity Advisor Japan Fund Class I (FJPIX) and Fidelity Japan Fund (FJPNX) have volatilities of 7.93% and 7.89%, 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

	FJPIX	FJPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	7.89%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	17.40%	17.41%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	22.06%	22.06%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	20.19%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	18.37%	0.00%

FJPIX vs. FJPNX - Expense Ratio Comparison

FJPIX has a 1.04% expense ratio, which is lower than FJPNX's 1.09% expense ratio.

Dividends

FJPIX vs. FJPNX - Dividend Comparison

FJPIX's dividend yield for the trailing twelve months is around 7.48%, less than FJPNX's 7.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPIX Fidelity Advisor Japan Fund Class I	7.48%	9.77%	4.27%	3.69%	0.00%	10.54%	1.91%	1.27%	0.32%	0.23%	1.20%	0.60%
FJPNX Fidelity Japan Fund	7.62%	9.95%	4.85%	3.71%	0.00%	11.58%	1.79%	1.18%	0.38%	0.23%	1.22%	0.64%

Frequently Asked Questions

Can I hold both FJPIX and FJPNX in my portfolio?

With a correlation of 1.00, FJPIX and FJPNX 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, FJPIX or FJPNX?

FJPIX has higher volatility (7.93%) compared to FJPNX (7.89%). In terms of maximum drawdown, FJPIX dropped -36.13% vs FJPNX's -64.83%.

Which has better risk-adjusted returns?

FJPNX currently has the higher Sharpe Ratio (2.42 vs 2.41), 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.