RMBPX vs. FJSCX

Last updated Jun 4, 2026

RMBPX (RMB Japan Fund) and FJSCX (Fidelity Japan Smaller Companies Fund) are both Japan Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. RMBPX charges 1.30%/yr vs 0.91%/yr for FJSCX.

Performance

RMBPX vs. FJSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RMB Japan Fund (RMBPX) and Fidelity Japan Smaller Companies Fund (FJSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RMBPX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FJSCX

• 1D: 0.10%
• 1M: 6.57%
• YTD: 20.80%
• 6M: 21.31%
• 1Y: 33.77%
• 3Y*: 20.08%
• 5Y*: 10.03%
• 10Y*: 9.25%

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

RMBPX vs. FJSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RMBPX RMB Japan Fund	0.00%	-0.24%	-14.03%	19.33%	-14.50%	-2.65%	13.06%	17.64%	-17.62%
FJSCX Fidelity Japan Smaller Companies Fund	20.80%	26.43%	8.03%	15.15%	-14.49%	-0.36%	4.80%	22.00%	-18.51%

Correlation

The correlation between RMBPX and FJSCX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018	0.74

The correlation between RMBPX and FJSCX shifts across timeframes, from 0.55 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RMBPX vs. FJSCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FJSCX

FJSCX Risk / Return Rank: 39
FJSCX Sharpe Ratio Rank: 37
FJSCX Sortino Ratio Rank: 35
FJSCX Omega Ratio Rank: 35
FJSCX Calmar Ratio Rank: 44
FJSCX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMBPX vs. FJSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RMB Japan Fund (RMBPX) and Fidelity Japan Smaller Companies Fund (FJSCX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RMBPX	FJSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

Drawdown Indicators

	RMBPX	FJSCX	Difference
Max Drawdown Largest peak-to-trough decline	—	-71.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.10%	—
Current Drawdown Current decline from peak	—	-0.93%	—
Average Drawdown Average peak-to-trough decline	—	-26.65%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	RMBPX	FJSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.32%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.01%	—

RMBPX vs. FJSCX - Expense Ratio Comparison

RMBPX has a 1.30% expense ratio, which is higher than FJSCX's 0.91% expense ratio.

Dividends

RMBPX vs. FJSCX - Dividend Comparison

RMBPX has not paid dividends to shareholders, while FJSCX's dividend yield for the trailing twelve months is around 14.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJSCX Fidelity Japan Smaller Companies Fund	14.58%	17.62%	4.54%	2.82%	0.05%	12.01%	1.59%	7.13%	5.55%	3.91%	2.83%	1.43%
RMBPX RMB Japan Fund	0.00%	0.00%	3.28%	4.43%	1.04%	8.11%	0.29%	1.15%	0.36%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RMBPX and FJSCX in my portfolio?

RMBPX and FJSCX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.