FJPNX vs. ^N225

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Japan Fund (FJPNX) and Nikkei 225 (^N225).

FJPNX is managed by Fidelity. It was launched on Sep 15, 1992.

Performance

FJPNX vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Japan Fund (FJPNX) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

FJPNX vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPNX Fidelity Japan Fund	6.17%	31.66%	7.37%	15.86%	-22.23%	3.11%	25.42%	25.74%	-14.84%	29.26%
^N225 Nikkei 225	-0.20%	26.56%	7.17%	19.21%	-20.48%	-5.90%	22.42%	19.73%	-10.20%	23.76%

Different Trading Currencies

FJPNX is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FJPNX achieves a 6.17% return, which is significantly higher than ^N225's -0.06% return. Over the past 10 years, FJPNX has outperformed ^N225 with an annualized return of 10.25%, while ^N225 has yielded a comparatively lower 8.30% annualized return.

FJPNX

• 1D: 3.50%
• 1M: -8.58%
• YTD: 6.17%
• 6M: 10.71%
• 1Y: 38.02%
• 3Y*: 17.41%
• 5Y*: 6.51%
• 10Y*: 10.25%

^N225

• 1D: 0.00%
• 1M: -12.84%
• YTD: -0.06%
• 6M: 6.16%
• 1Y: 35.11%
• 3Y*: 14.74%
• 5Y*: 3.57%
• 10Y*: 8.30%

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

Return for Risk

FJPNX vs. ^N225 — Risk / Return Rank

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

FJPNX

FJPNX Risk / Return Rank: 85
FJPNX Sharpe Ratio Rank: 84
FJPNX Sortino Ratio Rank: 82
FJPNX Omega Ratio Rank: 77
FJPNX Calmar Ratio Rank: 92
FJPNX Martin Ratio Rank: 90

^N225

^N225 Risk / Return Rank: 92
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 87
^N225 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.

FJPNX vs. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Fund (FJPNX) and Nikkei 225 (^N225). 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.

	FJPNX	^N225	Difference
Sharpe ratio Return per unit of total volatility	1.63	1.25	+0.38
Sortino ratio Return per unit of downside risk	2.18	1.91	+0.27
Omega ratio Gain probability vs. loss probability	1.30	1.25	+0.06
Calmar ratio Return relative to maximum drawdown	2.78	1.74	+1.04
Martin ratio Return relative to average drawdown	10.30	6.12	+4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJPNX vs. ^N225 - Sharpe Ratio Comparison

The current FJPNX Sharpe Ratio is 1.63, which is higher than the ^N225 Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of FJPNX and ^N225, 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

	FJPNX	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.25	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.16	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.40	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.19	+0.06

Correlation

The correlation between FJPNX and ^N225 is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

FJPNX vs. ^N225 - Drawdown Comparison

The maximum FJPNX drawdown since its inception was -64.83%, which is greater than ^N225's maximum drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for FJPNX and ^N225.

Drawdown Indicators

	FJPNX	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-64.83%	-81.87%	+17.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.74%	-13.23%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-26.26%	-9.97%
Max Drawdown (10Y) Largest decline over 10 years	-36.23%	-31.80%	-4.43%
Current Drawdown Current decline from peak	-9.68%	-7.92%	-1.76%
Average Drawdown Average peak-to-trough decline	-25.01%	-34.31%	+9.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	4.61%	-1.14%

Volatility

FJPNX vs. ^N225 - Volatility Comparison

Fidelity Japan Fund (FJPNX) has a higher volatility of 10.59% compared to Nikkei 225 (^N225) at 9.66%. This indicates that FJPNX's price experiences larger fluctuations and is considered to be riskier than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPNX	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	9.66%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	18.72%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	23.06%	28.11%	-5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	23.18%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	21.27%	-3.09%