JPXN vs. FJPNX
Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and Fidelity Japan Fund (FJPNX).
JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. FJPNX is managed by Fidelity. It was launched on Sep 15, 1992.
Performance
JPXN vs. FJPNX - Performance Comparison
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JPXN vs. FJPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 8.03% | 26.03% | 6.48% | 19.69% | -16.29% | 0.16% | 15.12% | 19.40% | -14.87% | 24.41% |
FJPNX Fidelity Japan Fund | 6.17% | 31.66% | 7.37% | 15.86% | -22.23% | 3.11% | 25.42% | 25.74% | -14.84% | 29.26% |
Returns By Period
In the year-to-date period, JPXN achieves a 8.03% return, which is significantly higher than FJPNX's 6.17% return. Over the past 10 years, JPXN has underperformed FJPNX with an annualized return of 8.96%, while FJPNX has yielded a comparatively higher 10.25% annualized return.
JPXN
- 1D
- 2.18%
- 1M
- -4.41%
- YTD
- 8.03%
- 6M
- 12.46%
- 1Y
- 32.64%
- 3Y*
- 17.31%
- 5Y*
- 7.27%
- 10Y*
- 8.96%
FJPNX
- 1D
- 3.50%
- 1M
- -8.58%
- YTD
- 6.17%
- 6M
- 10.71%
- 1Y
- 38.02%
- 3Y*
- 17.41%
- 5Y*
- 6.51%
- 10Y*
- 10.25%
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JPXN vs. FJPNX - Expense Ratio Comparison
JPXN has a 0.48% expense ratio, which is lower than FJPNX's 1.09% expense ratio.
Return for Risk
JPXN vs. FJPNX — Risk / Return Rank
JPXN
FJPNX
JPXN vs. FJPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) and Fidelity Japan Fund (FJPNX). 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.
| JPXN | FJPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.63 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.18 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.78 | -0.33 |
Martin ratioReturn relative to average drawdown | 9.35 | 10.30 | -0.95 |
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
| JPXN | FJPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.63 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.33 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.24 | +0.01 |
Correlation
The correlation between JPXN and FJPNX 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
JPXN vs. FJPNX - Dividend Comparison
JPXN's dividend yield for the trailing twelve months is around 2.91%, less than FJPNX's 9.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.91% | 3.14% | 2.29% | 2.57% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% |
FJPNX Fidelity Japan Fund | 9.38% | 9.95% | 4.85% | 3.71% | 0.00% | 11.58% | 1.79% | 1.18% | 0.38% | 0.23% | 1.22% | 0.64% |
Drawdowns
JPXN vs. FJPNX - Drawdown Comparison
The maximum JPXN drawdown since its inception was -55.54%, smaller than the maximum FJPNX drawdown of -64.83%. Use the drawdown chart below to compare losses from any high point for JPXN and FJPNX.
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Drawdown Indicators
| JPXN | FJPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -64.83% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -12.74% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -33.21% | -36.23% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -36.23% | +3.02% |
Current DrawdownCurrent decline from peak | -7.51% | -9.68% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -25.01% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.47% | -0.04% |
Volatility
JPXN vs. FJPNX - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 8.66%, while Fidelity Japan Fund (FJPNX) has a volatility of 10.59%. This indicates that JPXN experiences smaller price fluctuations and is considered to be less risky than FJPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPXN | FJPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 10.59% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 16.57% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 23.06% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 19.70% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.18% | -1.11% |