PRJPX vs. FIQLX
PRJPX (T. Rowe Price Japan Fund) and FIQLX (Fidelity Advisor Japan Fund Class Z) are both Japan Equities funds. Over the past 5 years, PRJPX returned 3.38%/yr vs 9.94%/yr for FIQLX. Their correlation of 0.92 means they have usually moved in the same direction. PRJPX charges 1.05%/yr vs 0.96%/yr for FIQLX.
Performance
PRJPX vs. FIQLX - Performance Comparison
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Returns By Period
In the year-to-date period, PRJPX achieves a 17.42% return, which is significantly lower than FIQLX's 21.46% return.
PRJPX
- 1D
- 3.58%
- 1M
- 4.19%
- 6M
- 11.18%
- YTD
- 17.42%
- 1Y
- 32.29%
- 3Y*
- 16.34%
- 5Y*
- 3.38%
- 10Y*
- 7.93%
- ALL TIME*
- 3.56%
FIQLX
- 1D
- 4.54%
- 1M
- -2.13%
- 6M
- 12.66%
- YTD
- 21.46%
- 1Y
- 36.46%
- 3Y*
- 20.04%
- 5Y*
- 9.94%
- 10Y*
- —
- ALL TIME*
- 10.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRJPX vs. FIQLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRJPX T. Rowe Price Japan Fund | 17.42% | 32.21% | 6.13% | 2.02% | -27.37% | -11.03% | 34.60% | 27.56% | -12.87% |
FIQLX Fidelity Advisor Japan Fund Class Z | 21.46% | 31.84% | 7.43% | 16.09% | -22.16% | 3.32% | 25.58% | 25.93% | -11.46% |
Correlation
The correlation between PRJPX and FIQLX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.92 |
The correlation between PRJPX and FIQLX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
PRJPX vs. FIQLX — Risk / Return Rank
PRJPX
FIQLX
PRJPX vs. FIQLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Japan Fund (PRJPX) 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.
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.
| PRJPX | FIQLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.90 | -0.68 |
| Martin ratioReturn relative to average drawdown | 7.01 | 9.37 | -2.36 |
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Drawdowns
PRJPX vs. FIQLX - Drawdown Comparison
The maximum PRJPX drawdown since its inception was -68.26%, which is greater than FIQLX's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for PRJPX and FIQLX.
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Drawdown Indicators
| PRJPX | FIQLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.26% | -36.13% | -32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -15.11% | -12.73% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -19.14% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -44.42% | -36.13% | -8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.03% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -26.63% | -10.18% | -16.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 3.93% | +0.84% |
Volatility
PRJPX vs. FIQLX - Volatility Comparison
The current volatility for T. Rowe Price Japan Fund (PRJPX) is 6.30%, while Fidelity Advisor Japan Fund Class Z (FIQLX) has a volatility of 8.50%. This indicates that PRJPX 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.
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Volatility by Period
| PRJPX | FIQLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 8.50% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 19.65% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 23.52% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.28% | 20.57% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 20.12% | -2.48% |
PRJPX vs. FIQLX - Expense Ratio Comparison
PRJPX has a 1.05% expense ratio, which is higher than FIQLX's 0.96% expense ratio.
Dividends
PRJPX vs. FIQLX - Dividend Comparison
PRJPX's dividend yield for the trailing twelve months is around 12.48%, more than FIQLX's 8.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQLX Fidelity Advisor Japan Fund Class Z | 8.27% | 10.04% | 5.04% | 3.88% | 0.00% | 11.89% | 1.97% | 1.35% | 0.48% | 0.00% | 0.00% | 0.00% |
PRJPX T. Rowe Price Japan Fund | 12.48% | 14.65% | 4.82% | 1.71% | 6.94% | 5.42% | 2.59% | 2.62% | 7.56% | 0.33% | 0.70% | 1.05% |
Frequently Asked Questions
PRJPX and FIQLX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQLX has higher volatility (8.50%) compared to PRJPX (6.30%). In terms of maximum drawdown, PRJPX dropped -68.26% vs FIQLX's -36.13%.
PRJPX currently has the higher Sharpe Ratio (1.74 vs 1.57), 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.
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