FJSCX vs. RMBPX

Last updated Jun 4, 2026

FJSCX (Fidelity Japan Smaller Companies Fund) and RMBPX (RMB Japan Fund) are both Japan Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. FJSCX charges 0.91%/yr vs 1.30%/yr for RMBPX.

Performance

FJSCX vs. RMBPX - Performance Comparison

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

Returns By Period

FJSCX

• 1D: 0.10%
• 1M: 6.57%
• YTD: 20.80%
• 6M: 21.31%
• 1Y: 33.77%
• 3Y*: 20.08%
• 5Y*: 10.03%
• 10Y*: 9.25%

RMBPX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FJSCX vs. RMBPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJSCX Fidelity Japan Smaller Companies Fund	20.80%	26.43%	8.03%	15.15%	-14.49%	-0.36%	4.80%	22.00%	-18.51%
RMBPX RMB Japan Fund	0.00%	-0.24%	-14.03%	19.33%	-14.50%	-2.65%	13.06%	17.64%	-17.62%

Correlation

The correlation between FJSCX and RMBPX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018	0.74

The correlation between FJSCX and RMBPX shifts across timeframes, from 0.55 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FJSCX vs. RMBPX — Risk / Return Rank

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

FJSCX

FJSCX Risk / Return Rank: 39
FJSCX Sharpe Ratio Rank: 37
FJSCX Sortino Ratio Rank: 35
FJSCX Omega Ratio Rank: 35
FJSCX Calmar Ratio Rank: 44
FJSCX Martin Ratio Rank: 42

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. RMBPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Japan Smaller Companies Fund (FJSCX) and RMB Japan Fund (RMBPX). 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	RMBPX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.53	—	—
Martin ratio: Return relative to average drawdown	9.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FJSCX	RMBPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	FJSCX	RMBPX	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.10%	—	—
Current Drawdown Current decline from peak	-0.93%	—	—
Average Drawdown Average peak-to-trough decline	-26.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	—	—

Volatility

Volatility by Period

	FJSCX	RMBPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	—	—

FJSCX vs. RMBPX - Expense Ratio Comparison

FJSCX has a 0.91% expense ratio, which is lower than RMBPX's 1.30% expense ratio.

Dividends

FJSCX vs. RMBPX - Dividend Comparison

FJSCX's dividend yield for the trailing twelve months is around 14.58%, while RMBPX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJSCX Fidelity Japan Smaller Companies Fund	14.58%	17.62%	4.54%	2.82%	0.05%	12.01%	1.59%	7.13%	5.55%	3.91%	2.83%	1.43%
RMBPX RMB Japan Fund	0.00%	0.00%	3.28%	4.43%	1.04%	8.11%	0.29%	1.15%	0.36%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FJSCX and RMBPX in my portfolio?

FJSCX and RMBPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.