FJSCX vs. EWJV
FJSCX (Fidelity Japan Smaller Companies Fund) and EWJV (iShares MSCI Japan Value ETF) are both Japan Equities funds. Over the past 5 years, FJSCX returned 9.72%/yr vs 15.16%/yr for EWJV. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FJSCX charges 0.91%/yr vs 0.15%/yr for EWJV.
Performance
FJSCX vs. EWJV - Performance Comparison
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Returns By Period
In the year-to-date period, FJSCX achieves a 20.14% return, which is significantly higher than EWJV's 18.63% return.
FJSCX
- 1D
- 4.24%
- 1M
- -2.18%
- 6M
- 13.26%
- YTD
- 20.14%
- 1Y
- 26.31%
- 3Y*
- 18.08%
- 5Y*
- 9.72%
- 10Y*
- 8.71%
- ALL TIME*
- 6.26%
EWJV
- 1D
- -0.93%
- 1M
- 3.26%
- 6M
- 10.80%
- YTD
- 18.63%
- 1Y
- 38.59%
- 3Y*
- 23.29%
- 5Y*
- 15.16%
- 10Y*
- —
- ALL TIME*
- 12.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.65M | $10.31M | $8.29M | |
| $0.00 | $0.00 | $0.00 |
FJSCX vs. EWJV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FJSCX Fidelity Japan Smaller Companies Fund | 20.14% | 26.43% | 8.03% | 15.15% | -14.49% | -0.36% | 4.80% | 13.59% |
EWJV iShares MSCI Japan Value ETF | 18.63% | 33.96% | 11.59% | 23.60% | -6.02% | 5.48% | 2.41% | 9.40% |
Correlation
The correlation between FJSCX and EWJV is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.72 |
The correlation between FJSCX and EWJV has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
FJSCX vs. EWJV — Risk / Return Rank
FJSCX
EWJV
FJSCX vs. EWJV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Smaller Companies Fund (FJSCX) and iShares MSCI Japan Value ETF (EWJV). 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.
| FJSCX | EWJV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.75 | -0.58 |
| Martin ratioReturn relative to average drawdown | 6.86 | 8.02 | -1.16 |
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Drawdowns
FJSCX vs. EWJV - Drawdown Comparison
The maximum FJSCX drawdown since its inception was -71.42%, which is greater than EWJV's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for FJSCX and EWJV.
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Drawdown Indicators
| FJSCX | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.42% | -30.05% | -41.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -14.74% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -14.74% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -25.39% | -4.35% |
Max Drawdown (10Y)Largest decline over 10 years | -32.10% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -0.94% | -5.51% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -6.14% | -20.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 5.05% | -0.99% |
Volatility
FJSCX vs. EWJV - Volatility Comparison
Fidelity Japan Smaller Companies Fund (FJSCX) has a higher volatility of 8.43% compared to iShares MSCI Japan Value ETF (EWJV) at 6.05%. This indicates that FJSCX's price experiences larger fluctuations and is considered to be riskier than EWJV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJSCX | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 6.05% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 15.73% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 19.21% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 18.13% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 18.57% | -2.24% |
FJSCX vs. EWJV - Expense Ratio Comparison
FJSCX has a 0.91% expense ratio, which is higher than EWJV's 0.15% expense ratio.
Dividends
FJSCX vs. EWJV - Dividend Comparison
FJSCX's dividend yield for the trailing twelve months is around 14.66%, more than EWJV's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 4.79% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% |
FJSCX Fidelity Japan Smaller Companies Fund | 14.66% | 17.62% | 4.54% | 2.82% | 0.05% | 12.01% | 1.59% | 7.13% | 5.55% | 3.91% | 2.83% | 1.43% |
Frequently Asked Questions
FJSCX and EWJV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FJSCX has higher volatility (8.43%) compared to EWJV (6.05%). In terms of maximum drawdown, FJSCX dropped -71.42% vs EWJV's -30.05%.
EWJV currently has the higher Sharpe Ratio (2.11 vs 1.32), 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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