FJPNX vs. BBJP

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Japan Fund (FJPNX) and JPMorgan BetaBuilders Japan ETF (BBJP).

FJPNX is managed by Fidelity. It was launched on Sep 15, 1992. BBJP is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Japan Target Market Exposure Index. It was launched on Jun 15, 2018.

Performance

FJPNX vs. BBJP - Performance Comparison

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

FJPNX vs. BBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJPNX Fidelity Japan Fund	6.17%	31.66%	7.37%	15.86%	-22.23%	3.11%	25.42%	25.74%	-15.98%
BBJP JPMorgan BetaBuilders Japan ETF	7.19%	26.55%	7.47%	20.65%	-17.24%	1.21%	15.42%	18.85%	-13.92%

Returns By Period

In the year-to-date period, FJPNX achieves a 6.17% return, which is significantly lower than BBJP's 7.19% 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%

BBJP

• 1D: 2.53%
• 1M: -4.07%
• YTD: 7.19%
• 6M: 12.46%
• 1Y: 33.37%
• 3Y*: 17.72%
• 5Y*: 7.52%
• 10Y*: —

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

FJPNX vs. BBJP - Expense Ratio Comparison

FJPNX has a 1.09% expense ratio, which is higher than BBJP's 0.19% expense ratio.

FJPNX

Fidelity Japan Fund

BBJP

JPMorgan BetaBuilders Japan ETF

Return for Risk

FJPNX vs. BBJP — 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

BBJP

BBJP Risk / Return Rank: 79
BBJP Sharpe Ratio Rank: 79
BBJP Sortino Ratio Rank: 81
BBJP Omega Ratio Rank: 77
BBJP Calmar Ratio Rank: 81
BBJP Martin Ratio Rank: 78

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. BBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Fund (FJPNX) and JPMorgan BetaBuilders Japan ETF (BBJP). 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	BBJP	Difference
Sharpe ratio Return per unit of total volatility	1.63	1.53	+0.10
Sortino ratio Return per unit of downside risk	2.18	2.17	+0.01
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	2.78	2.40	+0.38
Martin ratio Return relative to average drawdown	10.30	8.93	+1.38
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. BBJP - Sharpe Ratio Comparison

The current FJPNX Sharpe Ratio is 1.63, which is comparable to the BBJP Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FJPNX and BBJP, 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	BBJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.53	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.42	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.40	-0.16

Correlation

The correlation between FJPNX and BBJP is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FJPNX vs. BBJP - Dividend Comparison

FJPNX's dividend yield for the trailing twelve months is around 9.38%, more than BBJP's 5.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPNX Fidelity Japan Fund	9.38%	9.95%	4.85%	3.71%	0.00%	11.58%	1.79%	1.18%	0.38%	0.23%	1.22%	0.64%
BBJP JPMorgan BetaBuilders Japan ETF	5.01%	5.37%	2.80%	3.05%	1.52%	2.89%	1.12%	2.31%	0.65%	0.00%	0.00%	0.00%

Drawdowns

FJPNX vs. BBJP - Drawdown Comparison

The maximum FJPNX drawdown since its inception was -64.83%, which is greater than BBJP's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FJPNX and BBJP.

Drawdown Indicators

	FJPNX	BBJP	Difference
Max Drawdown Largest peak-to-trough decline	-64.83%	-32.66%	-32.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.74%	-13.60%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-32.66%	-3.57%
Max Drawdown (10Y) Largest decline over 10 years	-36.23%	—	—
Current Drawdown Current decline from peak	-9.68%	-7.88%	-1.80%
Average Drawdown Average peak-to-trough decline	-25.01%	-8.61%	-16.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.66%	-0.19%

Volatility

FJPNX vs. BBJP - Volatility Comparison

Fidelity Japan Fund (FJPNX) has a higher volatility of 10.59% compared to JPMorgan BetaBuilders Japan ETF (BBJP) at 8.95%. This indicates that FJPNX's price experiences larger fluctuations and is considered to be riskier than BBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPNX	BBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	8.95%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	14.93%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.06%	21.97%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.70%	18.05%	+1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	18.27%	-0.09%