FJSCX vs. DBJP

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Japan Smaller Companies Fund (FJSCX) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP).

FJSCX is managed by Fidelity. It was launched on Nov 1, 1995. DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011.

Performance

FJSCX vs. DBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Japan Smaller Companies Fund (FJSCX) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). The values are adjusted to include any dividend payments, if applicable.

FJSCX vs. DBJP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJSCX Fidelity Japan Smaller Companies Fund	2.44%	26.43%	8.03%	15.15%	-14.49%	-0.36%	4.80%	22.00%	-15.98%	34.56%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	6.72%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%

Returns By Period

In the year-to-date period, FJSCX achieves a 2.44% return, which is significantly lower than DBJP's 6.72% return. Over the past 10 years, FJSCX has underperformed DBJP with an annualized return of 7.96%, while DBJP has yielded a comparatively higher 15.16% annualized return.

FJSCX

• 1D: -0.75%
• 1M: -12.79%
• YTD: 2.44%
• 6M: 3.83%
• 1Y: 25.97%
• 3Y*: 15.13%
• 5Y*: 6.63%
• 10Y*: 7.96%

DBJP

• 1D: 2.55%
• 1M: -6.59%
• YTD: 6.72%
• 6M: 18.90%
• 1Y: 40.80%
• 3Y*: 28.75%
• 5Y*: 18.47%
• 10Y*: 15.16%

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

FJSCX vs. DBJP - Expense Ratio Comparison

FJSCX has a 0.91% expense ratio, which is higher than DBJP's 0.46% expense ratio.

FJSCX

Fidelity Japan Smaller Companies Fund

DBJP

Xtrackers MSCI Japan Hedged Equity ETF

Return for Risk

FJSCX vs. DBJP — Risk / Return Rank

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

FJSCX

FJSCX Risk / Return Rank: 73
FJSCX Sharpe Ratio Rank: 75
FJSCX Sortino Ratio Rank: 73
FJSCX Omega Ratio Rank: 65
FJSCX Calmar Ratio Rank: 77
FJSCX Martin Ratio Rank: 73

DBJP

DBJP Risk / Return Rank: 89
DBJP Sharpe Ratio Rank: 86
DBJP Sortino Ratio Rank: 88
DBJP Omega Ratio Rank: 88
DBJP Calmar Ratio Rank: 91
DBJP Martin Ratio Rank: 92

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.

FJSCX vs. DBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Smaller Companies Fund (FJSCX) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.

	FJSCX	DBJP	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.74	-0.42
Sortino ratio Return per unit of downside risk	1.81	2.40	-0.59
Omega ratio Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio Return relative to maximum drawdown	1.80	3.16	-1.36
Martin ratio Return relative to average drawdown	6.91	12.34	-5.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJSCX vs. DBJP - Sharpe Ratio Comparison

The current FJSCX Sharpe Ratio is 1.32, which is comparable to the DBJP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of FJSCX and DBJP, 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

	FJSCX	DBJP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.74	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.99	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.77	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.65	-0.36

Correlation

The correlation between FJSCX and DBJP is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FJSCX vs. DBJP - Dividend Comparison

FJSCX's dividend yield for the trailing twelve months is around 17.20%, more than DBJP's 2.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJSCX Fidelity Japan Smaller Companies Fund	17.20%	17.62%	4.54%	2.82%	0.05%	12.01%	1.59%	7.13%	5.55%	3.91%	2.83%	1.43%
DBJP Xtrackers MSCI Japan Hedged Equity ETF	2.64%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%

Drawdowns

FJSCX vs. DBJP - Drawdown Comparison

The maximum FJSCX drawdown since its inception was -71.42%, which is greater than DBJP's maximum drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for FJSCX and DBJP.

Drawdown Indicators

	FJSCX	DBJP	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	-31.30%	-40.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	-12.11%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-29.74%	-21.50%	-8.24%
Max Drawdown (10Y) Largest decline over 10 years	-32.10%	-31.30%	-0.80%
Current Drawdown Current decline from peak	-12.79%	-7.24%	-5.55%
Average Drawdown Average peak-to-trough decline	-26.78%	-7.35%	-19.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.21%	+0.13%

Volatility

FJSCX vs. DBJP - Volatility Comparison

Fidelity Japan Smaller Companies Fund (FJSCX) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP) have volatilities of 8.06% and 8.10%, 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

	FJSCX	DBJP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	8.10%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	14.62%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	23.52%	-4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	18.85%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	19.77%	-3.96%