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 | 6.58% | 26.03% | 6.48% | 19.69% | -16.29% | 0.16% | 15.12% | 19.40% | -14.87% | 24.41% |
FJPNX Fidelity Japan Fund | 9.16% | 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 6.58% return, which is significantly lower than FJPNX's 9.16% return. Over the past 10 years, JPXN has underperformed FJPNX with an annualized return of 8.85%, while FJPNX has yielded a comparatively higher 10.56% annualized return.
JPXN
- 1D
- -1.34%
- 1M
- -1.84%
- YTD
- 6.58%
- 6M
- 10.87%
- 1Y
- 31.05%
- 3Y*
- 16.64%
- 5Y*
- 6.98%
- 10Y*
- 8.85%
FJPNX
- 1D
- 2.81%
- 1M
- -1.19%
- YTD
- 9.16%
- 6M
- 13.82%
- 1Y
- 41.99%
- 3Y*
- 18.50%
- 5Y*
- 7.11%
- 10Y*
- 10.56%
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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 | 1.51 | 1.82 | -0.31 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.39 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.24 | -0.88 |
Martin ratioReturn relative to average drawdown | 8.90 | 11.90 | -3.00 |
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 | 1.51 | 1.82 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.36 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.25 | 0.00 |
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 2.95%, less than FJPNX's 9.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPXN iShares JPX-Nikkei 400 ETF | 2.95% | 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 | 9.12% | 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 | -8.75% | -7.14% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -25.01% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.46% | +0.01% |
Volatility
JPXN vs. FJPNX - Volatility Comparison
The current volatility for iShares JPX-Nikkei 400 ETF (JPXN) is 8.51%, while Fidelity Japan Fund (FJPNX) has a volatility of 9.89%. 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 | 8.51% | 9.89% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 16.77% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 23.18% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.59% | 19.73% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 18.19% | -1.12% |