HJPSX vs. FIQLX

Last updated Apr 2, 2026

Compare and contrast key facts about Hennessy Japan Small Cap Fund (HJPSX) and Fidelity Advisor Japan Fund Class Z (FIQLX).

HJPSX is managed by Hennessy. It was launched on Aug 30, 2007. FIQLX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

HJPSX vs. FIQLX - Performance Comparison

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

HJPSX vs. FIQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HJPSX Hennessy Japan Small Cap Fund	3.90%	29.02%	8.24%	16.30%	-16.35%	-4.64%	13.43%	19.97%	-10.99%
FIQLX Fidelity Advisor Japan Fund Class Z	6.19%	31.84%	7.43%	16.09%	-22.16%	3.32%	25.58%	25.93%	-11.46%

Returns By Period

In the year-to-date period, HJPSX achieves a 3.90% return, which is significantly lower than FIQLX's 6.19% return.

HJPSX

• 1D: 3.11%
• 1M: -10.41%
• YTD: 3.90%
• 6M: 5.52%
• 1Y: 31.52%
• 3Y*: 15.99%
• 5Y*: 5.88%
• 10Y*: 10.24%

FIQLX

• 1D: 3.51%
• 1M: -8.60%
• YTD: 6.19%
• 6M: 10.75%
• 1Y: 38.15%
• 3Y*: 17.57%
• 5Y*: 6.67%
• 10Y*: —

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

HJPSX vs. FIQLX - Expense Ratio Comparison

HJPSX has a 1.57% expense ratio, which is higher than FIQLX's 0.96% expense ratio.

HJPSX

Hennessy Japan Small Cap Fund

FIQLX

Fidelity Advisor Japan Fund Class Z

Return for Risk

HJPSX vs. FIQLX — Risk / Return Rank

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

HJPSX

HJPSX Risk / Return Rank: 79
HJPSX Sharpe Ratio Rank: 85
HJPSX Sortino Ratio Rank: 83
HJPSX Omega Ratio Rank: 76
HJPSX Calmar Ratio Rank: 78
HJPSX Martin Ratio Rank: 71

FIQLX

FIQLX Risk / Return Rank: 83
FIQLX Sharpe Ratio Rank: 82
FIQLX Sortino Ratio Rank: 80
FIQLX Omega Ratio Rank: 74
FIQLX Calmar Ratio Rank: 91
FIQLX Martin Ratio Rank: 88

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.

HJPSX vs. FIQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and Fidelity Advisor Japan Fund Class Z (FIQLX). 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.

	HJPSX	FIQLX	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.64	+0.05
Sortino ratio Return per unit of downside risk	2.24	2.19	+0.05
Omega ratio Gain probability vs. loss probability	1.30	1.31	0.00
Calmar ratio Return relative to maximum drawdown	2.00	2.80	-0.79
Martin ratio Return relative to average drawdown	7.34	10.36	-3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HJPSX vs. FIQLX - Sharpe Ratio Comparison

The current HJPSX Sharpe Ratio is 1.69, which is comparable to the FIQLX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of HJPSX and FIQLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HJPSX	FIQLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.64	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.34	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.48	+0.01

Correlation

The correlation between HJPSX and FIQLX is 0.86, 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

HJPSX vs. FIQLX - Dividend Comparison

HJPSX's dividend yield for the trailing twelve months is around 12.75%, more than FIQLX's 9.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HJPSX Hennessy Japan Small Cap Fund	12.75%	13.25%	3.64%	0.85%	0.61%	0.43%	0.23%	1.30%	3.46%	2.09%	2.03%	3.34%
FIQLX Fidelity Advisor Japan Fund Class Z	9.46%	10.04%	5.04%	3.88%	0.00%	11.89%	1.97%	1.35%	0.48%	0.00%	0.00%	0.00%

Drawdowns

HJPSX vs. FIQLX - Drawdown Comparison

The maximum HJPSX drawdown since its inception was -47.91%, which is greater than FIQLX's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for HJPSX and FIQLX.

Drawdown Indicators

	HJPSX	FIQLX	Difference
Max Drawdown Largest peak-to-trough decline	-47.91%	-36.13%	-11.78%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	-12.73%	-2.04%
Max Drawdown (5Y) Largest decline over 5 years	-33.24%	-36.13%	+2.89%
Max Drawdown (10Y) Largest decline over 10 years	-34.80%	—	—
Current Drawdown Current decline from peak	-12.12%	-9.67%	-2.45%
Average Drawdown Average peak-to-trough decline	-10.10%	-10.48%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	3.47%	+0.56%

Volatility

HJPSX vs. FIQLX - Volatility Comparison

The current volatility for Hennessy Japan Small Cap Fund (HJPSX) is 7.83%, while Fidelity Advisor Japan Fund Class Z (FIQLX) has a volatility of 10.55%. This indicates that HJPSX experiences smaller price fluctuations and is considered to be less risky than FIQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HJPSX	FIQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.83%	10.55%	-2.72%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	16.50%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	23.01%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	19.70%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	19.76%	-2.10%