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HJPNX vs. FPJAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

HJPNX vs. FPJAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Japan Fund (HJPNX) and Fidelity Advisor Japan Fund Class A (FPJAX). The values are adjusted to include any dividend payments, if applicable.

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HJPNX vs. FPJAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
HJPNX
Hennessy Japan Fund
4.34%14.58%18.72%22.90%-30.65%-3.08%25.52%18.04%-6.57%32.04%
FPJAX
Fidelity Advisor Japan Fund Class A
9.13%31.28%7.02%15.59%-22.48%2.86%25.03%25.36%-15.10%29.20%

Returns By Period

In the year-to-date period, HJPNX achieves a 4.34% return, which is significantly lower than FPJAX's 9.13% return. Over the past 10 years, HJPNX has underperformed FPJAX with an annualized return of 9.22%, while FPJAX has yielded a comparatively higher 10.26% annualized return.


HJPNX

1D
1.91%
1M
2.36%
YTD
4.34%
6M
6.83%
1Y
22.72%
3Y*
17.64%
5Y*
4.06%
10Y*
9.22%

FPJAX

1D
2.84%
1M
-1.20%
YTD
9.13%
6M
13.68%
1Y
41.62%
3Y*
18.19%
5Y*
6.82%
10Y*
10.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HJPNX vs. FPJAX - Expense Ratio Comparison

HJPNX has a 1.44% expense ratio, which is higher than FPJAX's 1.38% expense ratio.


Return for Risk

HJPNX vs. FPJAX — Risk / Return Rank

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

HJPNX
HJPNX Risk / Return Rank: 4040
Overall Rank
HJPNX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
HJPNX Sortino Ratio Rank: 3838
Sortino Ratio Rank
HJPNX Omega Ratio Rank: 3232
Omega Ratio Rank
HJPNX Calmar Ratio Rank: 5252
Calmar Ratio Rank
HJPNX Martin Ratio Rank: 4242
Martin Ratio Rank

FPJAX
FPJAX Risk / Return Rank: 8686
Overall Rank
FPJAX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
FPJAX Sortino Ratio Rank: 8484
Sortino Ratio Rank
FPJAX Omega Ratio Rank: 7878
Omega Ratio Rank
FPJAX Calmar Ratio Rank: 9393
Calmar Ratio Rank
FPJAX Martin Ratio Rank: 9191
Martin Ratio Rank
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.

HJPNX vs. FPJAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) and Fidelity Advisor Japan Fund Class A (FPJAX). 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.


HJPNXFPJAXDifference

Sharpe ratio

Return per unit of total volatility

0.93

1.80

-0.88

Sortino ratio

Return per unit of downside risk

1.40

2.38

-0.98

Omega ratio

Gain probability vs. loss probability

1.19

1.33

-0.15

Calmar ratio

Return relative to maximum drawdown

1.58

3.20

-1.62

Martin ratio

Return relative to average drawdown

5.38

11.77

-6.39

HJPNX vs. FPJAX - Sharpe Ratio Comparison

The current HJPNX Sharpe Ratio is 0.93, which is lower than the FPJAX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of HJPNX and FPJAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


HJPNXFPJAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

1.80

-0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.35

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.57

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.39

+0.02

Correlation

The correlation between HJPNX and FPJAX is 0.88, 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

HJPNX vs. FPJAX - Dividend Comparison

HJPNX's dividend yield for the trailing twelve months is around 12.30%, more than FPJAX's 8.92% yield.


TTM20252024202320222021202020192018201720162015
HJPNX
Hennessy Japan Fund
12.30%12.83%5.80%5.87%0.00%0.89%0.00%0.13%0.04%0.02%0.00%0.00%
FPJAX
Fidelity Advisor Japan Fund Class A
8.92%9.73%4.54%3.47%0.00%11.39%1.60%0.98%0.00%0.23%0.79%0.47%

Drawdowns

HJPNX vs. FPJAX - Drawdown Comparison

The maximum HJPNX drawdown since its inception was -59.65%, which is greater than FPJAX's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for HJPNX and FPJAX.


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Drawdown Indicators


HJPNXFPJAXDifference

Max Drawdown

Largest peak-to-trough decline

-59.65%

-36.39%

-23.26%

Max Drawdown (1Y)

Largest decline over 1 year

-14.18%

-12.75%

-1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-44.72%

-36.39%

-8.33%

Max Drawdown (10Y)

Largest decline over 10 years

-44.72%

-36.39%

-8.33%

Current Drawdown

Current decline from peak

-6.61%

-7.16%

+0.55%

Average Drawdown

Average peak-to-trough decline

-15.67%

-9.99%

-5.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.18%

3.47%

+0.71%

Volatility

HJPNX vs. FPJAX - Volatility Comparison

Hennessy Japan Fund (HJPNX) has a higher volatility of 10.50% compared to Fidelity Advisor Japan Fund Class A (FPJAX) at 9.87%. This indicates that HJPNX's price experiences larger fluctuations and is considered to be riskier than FPJAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HJPNXFPJAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.50%

9.87%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

18.17%

16.72%

+1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

24.97%

23.15%

+1.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.92%

19.72%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.79%

18.19%

+0.60%