JNEMX vs. FISZX

Last updated Aug 5, 2026

JNEMX (JPMorgan International Equity Fund Class R6) and FISZX (Fidelity SAI International SMA Completion Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, JNEMX returned 6.39%/yr vs 6.76%/yr for FISZX. Their correlation of 0.89 means they have usually moved in the same direction. JNEMX charges 0.50%/yr vs 0.00%/yr for FISZX.

Performance

JNEMX vs. FISZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Equity Fund Class R6 (JNEMX) and Fidelity SAI International SMA Completion Fund (FISZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNEMX achieves a 10.41% return, which is significantly lower than FISZX's 22.43% return.

JNEMX

• 1D: 0.37%
• 1M: 0.66%
• 6M: 5.29%
• YTD: 10.41%
• 1Y: 18.09%
• 3Y*: 14.59%
• 5Y*: 6.39%
• 10Y*: 8.97%
• ALL TIME*: 7.19%

FISZX

• 1D: 1.93%
• 1M: -3.05%
• 6M: 12.36%
• YTD: 22.43%
• 1Y: 36.60%
• 3Y*: 20.72%
• 5Y*: 6.76%
• 10Y*: —
• ALL TIME*: 10.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FISZX Fidelity SAI International SMA Completion Fund	$0.00	$0.00	$0.00
JNEMX JPMorgan International Equity Fund Class R6	$0.00	$0.00	$0.00

JNEMX vs. FISZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JNEMX JPMorgan International Equity Fund Class R6	10.41%	26.14%	1.62%	18.11%	-19.44%	11.92%	13.42%	11.14%
FISZX Fidelity SAI International SMA Completion Fund	22.43%	31.77%	3.61%	15.83%	-28.32%	9.91%	23.49%	13.42%

Correlation

The correlation between JNEMX and FISZX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.89

The correlation between JNEMX and FISZX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

Return for Risk

JNEMX vs. FISZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNEMX

JNEMX Risk / Return Rank: 35
JNEMX Sharpe Ratio Rank: 34
JNEMX Sortino Ratio Rank: 34
JNEMX Omega Ratio Rank: 34
JNEMX Calmar Ratio Rank: 36
JNEMX Martin Ratio Rank: 37

FISZX

FISZX Risk / Return Rank: 65
FISZX Sharpe Ratio Rank: 65
FISZX Sortino Ratio Rank: 56
FISZX Omega Ratio Rank: 62
FISZX Calmar Ratio Rank: 76
FISZX Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNEMX vs. FISZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Equity Fund Class R6 (JNEMX) and Fidelity SAI International SMA Completion Fund (FISZX). 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.

	JNEMX	FISZX	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.71	-0.49
Sortino ratio: Return per unit of downside risk	1.78	2.29	-0.51
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	1.69	2.67	-0.98
Martin ratio: Return relative to average drawdown	5.92	8.91	-2.99

JNEMX vs. FISZX - Sharpe Ratio Comparison

The current JNEMX Sharpe Ratio is 1.22, which is comparable to the FISZX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of JNEMX and FISZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNEMX vs. FISZX - Drawdown Comparison

The maximum JNEMX drawdown since its inception was -34.13%, smaller than the maximum FISZX drawdown of -39.92%. Use the drawdown chart below to compare losses from any high point for JNEMX and FISZX.

Drawdown Indicators

	JNEMX	FISZX	Difference
Max Drawdown Largest peak-to-trough decline	-34.13%	-39.92%	+5.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-14.48%	+2.86%
Max Drawdown (3Y) Largest decline over 3 years	-12.56%	-14.63%	+2.07%
Max Drawdown (5Y) Largest decline over 5 years	-33.05%	-39.92%	+6.87%
Max Drawdown (10Y) Largest decline over 10 years	-34.13%	—	—
Current Drawdown Current decline from peak	-0.41%	-7.66%	+7.25%
Average Drawdown Average peak-to-trough decline	-8.15%	-12.20%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	4.32%	-1.02%

Volatility

JNEMX vs. FISZX - Volatility Comparison

The current volatility for JPMorgan International Equity Fund Class R6 (JNEMX) is 4.29%, while Fidelity SAI International SMA Completion Fund (FISZX) has a volatility of 8.02%. This indicates that JNEMX experiences smaller price fluctuations and is considered to be less risky than FISZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNEMX	FISZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	8.02%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	20.62%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	22.71%	-6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	18.73%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	18.73%	-1.74%

JNEMX vs. FISZX - Expense Ratio Comparison

JNEMX has a 0.50% expense ratio, which is higher than FISZX's 0.00% expense ratio.

Dividends

JNEMX vs. FISZX - Dividend Comparison

JNEMX's dividend yield for the trailing twelve months is around 6.07%, more than FISZX's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISZX Fidelity SAI International SMA Completion Fund	1.57%	1.92%	2.55%	1.89%	1.37%	6.08%	0.90%	0.27%	0.00%	0.00%	0.00%	0.00%
JNEMX JPMorgan International Equity Fund Class R6	6.07%	6.71%	3.27%	2.40%	2.88%	6.89%	1.30%	3.65%	3.93%	1.83%	2.03%	2.17%

Frequently Asked Questions

Can I hold both JNEMX and FISZX in my portfolio?

JNEMX and FISZX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNEMX or FISZX?

FISZX has higher volatility (8.02%) compared to JNEMX (4.29%). In terms of maximum drawdown, JNEMX dropped -34.13% vs FISZX's -39.92%.

Which has better risk-adjusted returns?

FISZX currently has the higher Sharpe Ratio (1.71 vs 1.22), 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.