FJPNX vs. FJPCX

Last updated Jun 4, 2026

FJPNX (Fidelity Japan Fund) and FJPCX (Fidelity Advisor Japan Fund Class C) are both Japan Equities funds from Fidelity. Over the past 10 years, FJPNX returned 11.47%/yr vs 10.44%/yr for FJPCX. With a 1.00 correlation, they move nearly in lockstep. FJPNX charges 1.09%/yr vs 2.09%/yr for FJPCX.

Performance

FJPNX vs. FJPCX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FJPNX having a 24.48% return and FJPCX slightly lower at 23.89%. Over the past 10 years, FJPNX has outperformed FJPCX with an annualized return of 11.47%, while FJPCX has yielded a comparatively lower 10.44% annualized return.

FJPNX

• 1D: -0.12%
• 1M: 7.42%
• YTD: 24.48%
• 6M: 24.89%
• 1Y: 43.98%
• 3Y*: 21.85%
• 5Y*: 10.27%
• 10Y*: 11.47%

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%

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

FJPNX vs. FJPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPNX Fidelity Japan Fund	24.48%	31.66%	7.37%	15.86%	-22.23%	3.11%	25.42%	25.74%	-14.84%	29.26%
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%

Correlation

The correlation between FJPNX and FJPCX 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 20, 2010	1.00

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

Return for Risk

FJPNX vs. FJPCX — Risk / Return Rank

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

FJPNX

FJPNX Risk / Return Rank: 55
FJPNX Sharpe Ratio Rank: 47
FJPNX Sortino Ratio Rank: 43
FJPNX Omega Ratio Rank: 44
FJPNX Calmar Ratio Rank: 74
FJPNX Martin Ratio Rank: 66

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

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. FJPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Fund (FJPNX) and Fidelity Advisor Japan Fund Class C (FJPCX). 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	FJPCX	Difference
Sharpe ratio Return per unit of total volatility	2.02	1.95	+0.07
Sortino ratio Return per unit of downside risk	2.76	2.68	+0.08
Omega ratio Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio Return relative to maximum drawdown	3.36	3.23	+0.14
Martin ratio Return relative to average drawdown	12.83	12.26	+0.57
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. FJPCX - Sharpe Ratio Comparison

The current FJPNX Sharpe Ratio is 2.02, which is comparable to the FJPCX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FJPNX and FJPCX, 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

	FJPNX	FJPCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	1.95	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.46	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.57	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.40	-0.13

Drawdowns

FJPNX vs. FJPCX - Drawdown Comparison

The maximum FJPNX drawdown since its inception was -64.83%, which is greater than FJPCX's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for FJPNX and FJPCX.

Drawdown Indicators

	FJPNX	FJPCX	Difference
Max Drawdown Largest peak-to-trough decline	-64.83%	-36.91%	-27.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.74%	-12.81%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-19.64%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-36.23%	-36.91%	+0.68%
Max Drawdown (10Y) Largest decline over 10 years	-36.23%	-36.91%	+0.68%
Current Drawdown Current decline from peak	-1.64%	-1.66%	+0.02%
Average Drawdown Average peak-to-trough decline	-24.90%	-10.51%	-14.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.37%	-0.03%

Volatility

FJPNX vs. FJPCX - Volatility Comparison

Fidelity Japan Fund (FJPNX) and Fidelity Advisor Japan Fund Class C (FJPCX) have volatilities of 5.07% and 5.05%, 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

	FJPNX	FJPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	5.05%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	16.41%	16.37%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	21.25%	21.21%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.97%	19.97%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	18.29%	-0.01%

FJPNX vs. FJPCX - Expense Ratio Comparison

FJPNX has a 1.09% expense ratio, which is lower than FJPCX's 2.09% expense ratio.

Dividends

FJPNX vs. FJPCX - Dividend Comparison

FJPNX's dividend yield for the trailing twelve months is around 8.00%, more than FJPCX's 7.40% 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%
FJPNX Fidelity Japan Fund	8.00%	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 FJPNX and FJPCX in my portfolio?

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

FJPNX has higher volatility (5.07%) compared to FJPCX (5.05%). In terms of maximum drawdown, FJPNX dropped -64.83% vs FJPCX's -36.91%.

Which has better risk-adjusted returns?

FJPNX currently has the higher Sharpe Ratio (2.02 vs 1.95), 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.