FJPNX vs. FPJAX
FJPNX (Fidelity Japan Fund) and FPJAX (Fidelity Advisor Japan Fund Class A) are both Japan Equities funds from Fidelity. Over the past 10 years, FJPNX returned 12.31%/yr vs 12.01%/yr for FPJAX. With a 1.00 correlation, they move nearly in lockstep. FJPNX charges 1.09%/yr vs 1.38%/yr for FPJAX.
Performance
FJPNX vs. FPJAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FJPNX having a 30.60% return and FPJAX slightly lower at 30.44%. Both investments have delivered pretty close results over the past 10 years, with FJPNX having a 12.31% annualized return and FPJAX not far behind at 12.01%.
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%
FPJAX
- 1D
- 0.79%
- 1M
- 6.05%
- YTD
- 30.44%
- 6M
- 29.45%
- 1Y
- 51.77%
- 3Y*
- 24.28%
- 5Y*
- 11.22%
- 10Y*
- 12.01%
FJPNX vs. FPJAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJPNX Fidelity Japan Fund | 30.60% | 31.66% | 7.37% | 15.86% | -22.23% | 3.11% | 25.42% | 25.74% | -14.84% | 29.26% |
FPJAX Fidelity Advisor Japan Fund Class A | 30.44% | 31.28% | 7.02% | 15.59% | -22.48% | 2.86% | 25.03% | 25.36% | -15.10% | 29.20% |
Correlation
The correlation between FJPNX and FPJAX 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 14, 2010 | 1.00 |
The correlation between FJPNX and FPJAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FJPNX vs. FPJAX — Risk / Return Rank
FJPNX
FPJAX
FJPNX vs. FPJAX - 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 A (FPJAX). 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.
| FJPNX | FPJAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 4.14 | +0.05 |
| Martin ratioReturn relative to average drawdown | 15.56 | 15.36 | +0.20 |
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Drawdowns
FJPNX vs. FPJAX - Drawdown Comparison
The maximum FJPNX drawdown since its inception was -64.83%, which is greater than FPJAX's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for FJPNX and FPJAX.
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Drawdown Indicators
| FJPNX | FPJAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.83% | -36.39% | -28.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -12.75% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -19.30% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.23% | -36.39% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -36.23% | -36.39% | +0.16% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -24.86% | -9.88% | -14.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.43% | -0.01% |
Volatility
FJPNX vs. FPJAX - Volatility Comparison
Fidelity Japan Fund (FJPNX) and Fidelity Advisor Japan Fund Class A (FPJAX) have volatilities of 7.89% and 7.94%, 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.
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Volatility by Period
| FJPNX | FPJAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 7.94% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.41% | 17.41% | 0.00% |
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 | 20.19% | 20.17% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 18.37% | 0.00% |
FJPNX vs. FPJAX - Expense Ratio Comparison
FJPNX has a 1.09% expense ratio, which is lower than FPJAX's 1.38% expense ratio.
Dividends
FJPNX vs. FPJAX - Dividend Comparison
FJPNX's dividend yield for the trailing twelve months is around 7.62%, more than FPJAX's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FPJAX Fidelity Advisor Japan Fund Class A | 7.46% | 9.73% | 4.54% | 3.47% | 0.00% | 11.39% | 1.60% | 0.98% | 0.00% | 0.23% | 0.79% | 0.47% |
Frequently Asked Questions
With a correlation of 1.00, FJPNX and FPJAX 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.
FPJAX has higher volatility (7.94%) compared to FJPNX (7.89%). In terms of maximum drawdown, FJPNX dropped -64.83% vs FPJAX's -36.39%.
FJPNX currently has the higher Sharpe Ratio (2.42 vs 2.40), 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.
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