FSJPX vs. JOF
Compare and contrast key facts about Fidelity SAI Japan Stock Index Fund (FSJPX) and Japan Smaller Capitalization Fund (JOF).
FSJPX is managed by Fidelity. It was launched on Jun 24, 2021. JOF is managed by Japan Smaller Capitalization Fund. It was launched on Mar 21, 1990.
Performance
FSJPX vs. JOF - Performance Comparison
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FSJPX vs. JOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSJPX Fidelity SAI Japan Stock Index Fund | 1.35% | 26.39% | 7.19% | 20.25% | -17.02% | 1.16% |
JOF Japan Smaller Capitalization Fund | 0.73% | 52.12% | 5.28% | 21.40% | -17.07% | -7.59% |
Returns By Period
In the year-to-date period, FSJPX achieves a 1.35% return, which is significantly higher than JOF's 0.73% return.
FSJPX
- 1D
- 0.00%
- 1M
- -11.85%
- YTD
- 1.35%
- 6M
- 4.96%
- 1Y
- 25.05%
- 3Y*
- 15.42%
- 5Y*
- —
- 10Y*
- —
JOF
- 1D
- 2.35%
- 1M
- -11.15%
- YTD
- 0.73%
- 6M
- 8.65%
- 1Y
- 40.08%
- 3Y*
- 22.46%
- 5Y*
- 8.09%
- 10Y*
- 9.61%
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FSJPX vs. JOF - Expense Ratio Comparison
FSJPX has a 0.11% expense ratio, which is higher than JOF's 0.02% 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%.
Return for Risk
FSJPX vs. JOF — Risk / Return Rank
FSJPX
JOF
FSJPX vs. JOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Japan Stock Index Fund (FSJPX) and Japan Smaller Capitalization Fund (JOF). 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.
| FSJPX | JOF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.92 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.57 | 2.59 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.34 | -0.77 |
Martin ratioReturn relative to average drawdown | 5.61 | 8.77 | -3.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSJPX | JOF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.92 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.10 | +0.28 |
Correlation
The correlation between FSJPX and JOF is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSJPX vs. JOF - Dividend Comparison
FSJPX's dividend yield for the trailing twelve months is around 5.18%, less than JOF's 7.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSJPX Fidelity SAI Japan Stock Index Fund | 5.18% | 5.25% | 2.26% | 4.10% | 2.28% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JOF Japan Smaller Capitalization Fund | 7.32% | 4.80% | 4.07% | 3.50% | 0.71% | 7.70% | 3.81% | 8.30% | 20.55% | 15.89% | 9.63% | 8.58% |
Drawdowns
FSJPX vs. JOF - Drawdown Comparison
The maximum FSJPX drawdown since its inception was -32.91%, smaller than the maximum JOF drawdown of -74.98%. Use the drawdown chart below to compare losses from any high point for FSJPX and JOF.
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Drawdown Indicators
| FSJPX | JOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.91% | -74.98% | +42.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -17.21% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -12.94% | -13.73% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -32.83% | +22.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 4.59% | -0.75% |
Volatility
FSJPX vs. JOF - Volatility Comparison
Fidelity SAI Japan Stock Index Fund (FSJPX) and Japan Smaller Capitalization Fund (JOF) have volatilities of 9.26% and 9.54%, 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 | JOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 9.54% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 15.90% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 21.02% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.80% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 17.49% | +0.72% |