FJPTX vs. FJPCX

Last updated Jun 3, 2026

FJPTX (Fidelity Advisor Japan Fund Class M) and FJPCX (Fidelity Advisor Japan Fund Class C) are both Japan Equities funds from Fidelity. Over the past 10 years, FJPTX returned 10.87%/yr vs 10.45%/yr for FJPCX. With a 1.00 correlation, they move nearly in lockstep. FJPTX charges 1.70%/yr vs 2.09%/yr for FJPCX.

Performance

FJPTX vs. FJPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Japan Fund Class M (FJPTX) 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 FJPTX having a 24.35% return and FJPCX slightly lower at 24.10%. Both investments have delivered pretty close results over the past 10 years, with FJPTX having a 10.87% annualized return and FJPCX not far behind at 10.45%.

FJPTX

• 1D: -0.08%
• 1M: 7.46%
• YTD: 24.35%
• 6M: 25.16%
• 1Y: 42.08%
• 3Y*: 21.25%
• 5Y*: 9.76%
• 10Y*: 10.87%

FJPCX

• 1D: -0.08%
• 1M: 7.39%
• YTD: 24.10%
• 6M: 24.84%
• 1Y: 41.37%
• 3Y*: 20.68%
• 5Y*: 9.26%
• 10Y*: 10.45%

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

FJPTX vs. FJPCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJPTX Fidelity Advisor Japan Fund Class M	24.35%	30.99%	6.78%	15.26%	-22.68%	2.48%	24.68%	24.93%	-15.36%	28.98%
FJPCX Fidelity Advisor Japan Fund Class C	24.10%	30.33%	6.28%	14.73%	-23.02%	2.12%	24.21%	24.42%	-15.61%	28.87%

Correlation

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

Return for Risk

FJPTX vs. FJPCX — Risk / Return Rank

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

FJPTX

FJPTX Risk / Return Rank: 59
FJPTX Sharpe Ratio Rank: 51
FJPTX Sortino Ratio Rank: 46
FJPTX Omega Ratio Rank: 46
FJPTX Calmar Ratio Rank: 78
FJPTX Martin Ratio Rank: 71

FJPCX

FJPCX Risk / Return Rank: 57
FJPCX Sharpe Ratio Rank: 49
FJPCX Sortino Ratio Rank: 44
FJPCX Omega Ratio Rank: 45
FJPCX Calmar Ratio Rank: 77
FJPCX Martin Ratio Rank: 69

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.

FJPTX vs. FJPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Japan Fund Class M (FJPTX) 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.

	FJPTX	FJPCX	Difference
Sharpe ratio Return per unit of total volatility	2.11	2.08	+0.03
Sortino ratio Return per unit of downside risk	2.86	2.82	+0.04
Omega ratio Gain probability vs. loss probability	1.37	1.37	+0.01
Calmar ratio Return relative to maximum drawdown	3.55	3.50	+0.05
Martin ratio Return relative to average drawdown	13.53	13.29	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJPTX vs. FJPCX - Sharpe Ratio Comparison

The current FJPTX Sharpe Ratio is 2.11, which is comparable to the FJPCX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FJPTX 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

	FJPTX	FJPCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.08	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.47	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.57	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.40	+0.02

Drawdowns

FJPTX vs. FJPCX - Drawdown Comparison

The maximum FJPTX drawdown since its inception was -36.61%, roughly equal to the maximum FJPCX drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for FJPTX and FJPCX.

Drawdown Indicators

	FJPTX	FJPCX	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-36.91%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-12.81%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.40%	-19.64%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-36.61%	-36.91%	+0.30%
Max Drawdown (10Y) Largest decline over 10 years	-36.61%	-36.91%	+0.30%
Current Drawdown Current decline from peak	-1.51%	-1.50%	-0.01%
Average Drawdown Average peak-to-trough decline	-10.17%	-10.52%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.37%	-0.01%

Volatility

FJPTX vs. FJPCX - Volatility Comparison

Fidelity Advisor Japan Fund Class M (FJPTX) and Fidelity Advisor Japan Fund Class C (FJPCX) have volatilities of 5.31% and 5.30%, 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

	FJPTX	FJPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	5.30%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	16.39%	16.37%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	21.25%	+0.03%
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	18.29%	18.29%	0.00%

FJPTX vs. FJPCX - Expense Ratio Comparison

FJPTX has a 1.70% expense ratio, which is lower than FJPCX's 2.09% expense ratio.

Dividends

FJPTX vs. FJPCX - Dividend Comparison

FJPTX's dividend yield for the trailing twelve months is around 7.66%, more than FJPCX's 7.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPCX Fidelity Advisor Japan Fund Class C	7.38%	9.16%	3.93%	2.96%	0.00%	10.33%	1.25%	0.22%	0.00%	0.25%	0.00%	0.00%
FJPTX Fidelity Advisor Japan Fund Class M	7.66%	9.53%	4.42%	3.13%	0.00%	10.97%	1.35%	0.71%	0.00%	0.23%	0.37%	0.07%

Frequently Asked Questions

Can I hold both FJPTX and FJPCX in my portfolio?

With a correlation of 1.00, FJPTX 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, FJPTX or FJPCX?

FJPTX has higher volatility (5.31%) compared to FJPCX (5.30%). In terms of maximum drawdown, FJPTX dropped -36.61% vs FJPCX's -36.91%.

Which has better risk-adjusted returns?

FJPTX currently has the higher Sharpe Ratio (2.11 vs 2.08), 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.