FJSCX vs. SCJ
FJSCX (Fidelity Japan Smaller Companies Fund) and SCJ (iShares MSCI Japan Small Cap ETF) are both Japan Equities funds. Over the past 10 years, FJSCX returned 9.69%/yr vs 8.15%/yr for SCJ. Their correlation of 0.81 suggests significant overlap in exposure. FJSCX charges 0.91%/yr vs 0.49%/yr for SCJ.
Performance
FJSCX vs. SCJ - Performance Comparison
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Returns By Period
In the year-to-date period, FJSCX achieves a 26.04% return, which is significantly higher than SCJ's 16.74% return. Over the past 10 years, FJSCX has outperformed SCJ with an annualized return of 9.69%, while SCJ has yielded a comparatively lower 8.15% annualized return.
FJSCX
- 1D
- 1.68%
- 1M
- 5.86%
- YTD
- 26.04%
- 6M
- 26.19%
- 1Y
- 39.82%
- 3Y*
- 20.82%
- 5Y*
- 11.14%
- 10Y*
- 9.69%
SCJ
- 1D
- 0.63%
- 1M
- 2.38%
- YTD
- 16.74%
- 6M
- 17.56%
- 1Y
- 33.28%
- 3Y*
- 18.86%
- 5Y*
- 8.17%
- 10Y*
- 8.15%
FJSCX vs. SCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJSCX Fidelity Japan Smaller Companies Fund | 26.04% | 26.43% | 8.03% | 15.15% | -14.49% | -0.36% | 4.80% | 22.00% | -15.98% | 34.56% |
SCJ iShares MSCI Japan Small Cap ETF | 16.74% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -17.17% | 31.61% |
Correlation
The correlation between FJSCX and SCJ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.81 |
The correlation between FJSCX and SCJ has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
FJSCX vs. SCJ — Risk / Return Rank
FJSCX
SCJ
FJSCX vs. SCJ - 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 Small Cap ETF (SCJ). 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 | SCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.75 | +0.23 |
| Martin ratioReturn relative to average drawdown | 10.52 | 9.22 | +1.30 |
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Drawdowns
FJSCX vs. SCJ - Drawdown Comparison
The maximum FJSCX drawdown since its inception was -71.42%, which is greater than SCJ's maximum drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for FJSCX and SCJ.
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Drawdown Indicators
| FJSCX | SCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.42% | -43.52% | -27.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.17% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -12.43% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -33.25% | +3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.10% | -38.87% | +6.77% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -26.61% | -10.36% | -16.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.62% | 0.00% |
Volatility
FJSCX vs. SCJ - Volatility Comparison
Fidelity Japan Smaller Companies Fund (FJSCX) has a higher volatility of 6.91% compared to iShares MSCI Japan Small Cap ETF (SCJ) at 4.50%. This indicates that FJSCX's price experiences larger fluctuations and is considered to be riskier than SCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJSCX | SCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 4.50% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 13.41% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 16.38% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 15.85% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.28% | -0.17% |
FJSCX vs. SCJ - Expense Ratio Comparison
FJSCX has a 0.91% expense ratio, which is higher than SCJ's 0.49% expense ratio.
Dividends
FJSCX vs. SCJ - Dividend Comparison
FJSCX's dividend yield for the trailing twelve months is around 13.98%, more than SCJ's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJSCX Fidelity Japan Smaller Companies Fund | 13.98% | 17.62% | 4.54% | 2.82% | 0.05% | 12.01% | 1.59% | 7.13% | 5.55% | 3.91% | 2.83% | 1.43% |
SCJ iShares MSCI Japan Small Cap ETF | 2.75% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
FJSCX and SCJ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FJSCX has higher volatility (6.91%) compared to SCJ (4.50%). In terms of maximum drawdown, FJSCX dropped -71.42% vs SCJ's -43.52%.
SCJ currently has the higher Sharpe Ratio (2.04 vs 1.99), 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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