FSJPX vs. IXUS
FSJPX (Fidelity SAI Japan Stock Index Fund) and IXUS (iShares Core MSCI Total International Stock ETF) are both funds - FSJPX is a Japan Equities fund managed by Fidelity, while IXUS is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA IMI Index (Net). Over the past 5 years, FSJPX returned 10.47%/yr vs 8.29%/yr for IXUS. A 0.77 correlation means they provide meaningful diversification when combined. FSJPX charges 0.11%/yr vs 0.07%/yr for IXUS.
Performance
FSJPX vs. IXUS - Performance Comparison
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Returns By Period
In the year-to-date period, FSJPX achieves a 21.15% return, which is significantly higher than IXUS's 12.74% return.
FSJPX
- 1D
- 0.49%
- 1M
- 6.47%
- YTD
- 21.15%
- 6M
- 20.34%
- 1Y
- 41.08%
- 3Y*
- 20.68%
- 5Y*
- 10.47%
- 10Y*
- —
IXUS
- 1D
- -3.08%
- 1M
- 0.45%
- YTD
- 12.74%
- 6M
- 12.52%
- 1Y
- 29.41%
- 3Y*
- 19.01%
- 5Y*
- 8.29%
- 10Y*
- 10.21%
FSJPX vs. IXUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSJPX Fidelity SAI Japan Stock Index Fund | 21.15% | 26.39% | 7.19% | 20.25% | -17.02% | 1.16% |
IXUS iShares Core MSCI Total International Stock ETF | 12.74% | 32.40% | 5.19% | 15.83% | -16.47% | -1.19% |
Correlation
The correlation between FSJPX and IXUS is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.77 |
The correlation between FSJPX and IXUS has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
FSJPX vs. IXUS — Risk / Return Rank
FSJPX
IXUS
FSJPX vs. IXUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Japan Stock Index Fund (FSJPX) and iShares Core MSCI Total International Stock ETF (IXUS). 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.
| FSJPX | IXUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.60 | +0.50 |
| Martin ratioReturn relative to average drawdown | 10.67 | 10.00 | +0.67 |
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Drawdowns
FSJPX vs. IXUS - Drawdown Comparison
The maximum FSJPX drawdown since its inception was -32.91%, smaller than the maximum IXUS drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for FSJPX and IXUS.
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Drawdown Indicators
| FSJPX | IXUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.91% | -36.22% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -11.36% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -13.75% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -30.03% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.08% | +3.08% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -7.48% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.95% | +0.99% |
Volatility
FSJPX vs. IXUS - Volatility Comparison
Fidelity SAI Japan Stock Index Fund (FSJPX) and iShares Core MSCI Total International Stock ETF (IXUS) have volatilities of 6.95% and 7.22%, 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.
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Volatility by Period
| FSJPX | IXUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 7.22% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 14.64% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.50% | 16.56% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 16.45% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 16.97% | +1.51% |
FSJPX vs. IXUS - Expense Ratio Comparison
FSJPX has a 0.11% expense ratio, which is higher than IXUS's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FSJPX vs. IXUS - Dividend Comparison
FSJPX's dividend yield for the trailing twelve months is around 4.34%, more than IXUS's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSJPX Fidelity SAI Japan Stock Index Fund | 4.34% | 5.25% | 2.26% | 4.10% | 2.28% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXUS iShares Core MSCI Total International Stock ETF | 2.98% | 3.24% | 3.33% | 3.13% | 2.48% | 3.12% | 1.85% | 3.09% | 3.00% | 2.41% | 2.58% | 2.81% |
Frequently Asked Questions
FSJPX and IXUS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXUS has higher volatility (7.22%) compared to FSJPX (6.95%). In terms of maximum drawdown, FSJPX dropped -32.91% vs IXUS's -36.22%.
FSJPX currently has the higher Sharpe Ratio (1.96 vs 1.79), 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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