PRJPX vs. MJFOX
Compare and contrast key facts about T. Rowe Price Japan Fund (PRJPX) and Matthews Japan Fund (MJFOX).
PRJPX is managed by T. Rowe Price. It was launched on Dec 29, 1991. MJFOX is managed by Matthews. It was launched on Dec 30, 1998.
Performance
PRJPX vs. MJFOX - Performance Comparison
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PRJPX vs. MJFOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRJPX T. Rowe Price Japan Fund | -2.51% | 32.21% | 6.13% | 2.02% | -27.37% | -11.03% | 34.60% | 27.56% | -12.24% | 32.06% |
MJFOX Matthews Japan Fund | -1.91% | 22.72% | 16.31% | 25.79% | -27.84% | -5.79% | 29.80% | 26.08% | -20.12% | 33.22% |
Returns By Period
In the year-to-date period, PRJPX achieves a -2.51% return, which is significantly lower than MJFOX's -1.91% return. Over the past 10 years, PRJPX has underperformed MJFOX with an annualized return of 7.14%, while MJFOX has yielded a comparatively higher 7.88% annualized return.
PRJPX
- 1D
- -0.15%
- 1M
- -14.17%
- YTD
- -2.51%
- 6M
- 1.32%
- 1Y
- 21.16%
- 3Y*
- 10.18%
- 5Y*
- -1.24%
- 10Y*
- 7.14%
MJFOX
- 1D
- -0.08%
- 1M
- -14.22%
- YTD
- -1.91%
- 6M
- 1.35%
- 1Y
- 19.54%
- 3Y*
- 17.66%
- 5Y*
- 4.82%
- 10Y*
- 7.88%
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PRJPX vs. MJFOX - Expense Ratio Comparison
Both PRJPX and MJFOX have an expense ratio of 1.05%.
Return for Risk
PRJPX vs. MJFOX — Risk / Return Rank
PRJPX
MJFOX
PRJPX vs. MJFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Japan Fund (PRJPX) and Matthews Japan Fund (MJFOX). 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.
| PRJPX | MJFOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.84 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.30 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.16 | +0.06 |
Martin ratioReturn relative to average drawdown | 4.49 | 4.14 | +0.35 |
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
| PRJPX | MJFOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.84 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.24 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.42 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.33 | -0.18 |
Correlation
The correlation between PRJPX and MJFOX 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
PRJPX vs. MJFOX - Dividend Comparison
PRJPX's dividend yield for the trailing twelve months is around 15.03%, more than MJFOX's 2.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRJPX T. Rowe Price Japan Fund | 15.03% | 14.65% | 4.82% | 1.71% | 6.94% | 5.42% | 2.59% | 2.62% | 7.56% | 0.33% | 0.70% | 1.05% |
MJFOX Matthews Japan Fund | 2.00% | 1.96% | 2.12% | 6.09% | 7.19% | 8.08% | 10.15% | 8.63% | 4.14% | 3.90% | 1.15% | 0.00% |
Drawdowns
PRJPX vs. MJFOX - Drawdown Comparison
The maximum PRJPX drawdown since its inception was -68.26%, which is greater than MJFOX's maximum drawdown of -63.52%. Use the drawdown chart below to compare losses from any high point for PRJPX and MJFOX.
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Drawdown Indicators
| PRJPX | MJFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.26% | -63.52% | -4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -15.11% | -14.53% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -44.42% | -42.85% | -1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | -42.85% | -2.59% |
Current DrawdownCurrent decline from peak | -15.05% | -14.53% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -21.37% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 4.06% | +0.04% |
Volatility
PRJPX vs. MJFOX - Volatility Comparison
The current volatility for T. Rowe Price Japan Fund (PRJPX) is 8.47%, while Matthews Japan Fund (MJFOX) has a volatility of 9.26%. This indicates that PRJPX experiences smaller price fluctuations and is considered to be less risky than MJFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRJPX | MJFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 9.26% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 16.33% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 22.97% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 20.16% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 18.73% | -1.21% |