SCJ vs. FJSCX
SCJ (iShares MSCI Japan Small Cap ETF) and FJSCX (Fidelity Japan Smaller Companies Fund) are both Japan Equities funds. Over the past 10 years, SCJ returned 7.48%/yr vs 8.71%/yr for FJSCX. Their correlation of 0.81 means they have usually moved in the same direction. SCJ charges 0.49%/yr vs 0.91%/yr for FJSCX.
Performance
SCJ vs. FJSCX - Performance Comparison
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Returns By Period
In the year-to-date period, SCJ achieves a 15.89% return, which is significantly lower than FJSCX's 20.14% return. Over the past 10 years, SCJ has underperformed FJSCX with an annualized return of 7.48%, while FJSCX has yielded a comparatively higher 8.71% annualized return.
SCJ
- 1D
- -0.74%
- 1M
- -1.70%
- 6M
- 9.71%
- YTD
- 15.89%
- 1Y
- 25.74%
- 3Y*
- 17.39%
- 5Y*
- 7.87%
- 10Y*
- 7.48%
- ALL TIME*
- 6.06%
FJSCX
- 1D
- 4.24%
- 1M
- -2.18%
- 6M
- 13.26%
- YTD
- 20.14%
- 1Y
- 26.31%
- 3Y*
- 18.08%
- 5Y*
- 9.72%
- 10Y*
- 8.71%
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.19M | $4.72M | $5.32M |
SCJ vs. FJSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCJ iShares MSCI Japan Small Cap ETF | 15.89% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -17.17% | 31.61% |
FJSCX Fidelity Japan Smaller Companies Fund | 20.14% | 26.43% | 8.03% | 15.15% | -14.49% | -0.36% | 4.80% | 22.00% | -15.98% | 34.56% |
Correlation
The correlation between SCJ and FJSCX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.81 |
The correlation between SCJ and FJSCX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
SCJ vs. FJSCX — Risk / Return Rank
SCJ
FJSCX
SCJ vs. FJSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) 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.
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.
| SCJ | FJSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.18 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.49 | 6.86 | +0.63 |
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Drawdowns
SCJ vs. FJSCX - Drawdown Comparison
The maximum SCJ drawdown since its inception was -43.52%, smaller than the maximum FJSCX drawdown of -71.42%. Use the drawdown chart below to compare losses from any high point for SCJ and FJSCX.
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Drawdown Indicators
| SCJ | FJSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -71.42% | +27.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.79% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -15.08% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | -29.74% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -32.10% | -6.77% |
Current DrawdownCurrent decline from peak | -3.27% | -6.45% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -26.53% | +16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 4.06% | -0.32% |
Volatility
SCJ vs. FJSCX - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap ETF (SCJ) is 6.35%, while Fidelity Japan Smaller Companies Fund (FJSCX) has a volatility of 8.43%. This indicates that SCJ experiences smaller price fluctuations and is considered to be less risky than FJSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCJ | FJSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 8.43% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 17.94% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 21.17% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 17.98% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.33% | +0.01% |
SCJ vs. FJSCX - Expense Ratio Comparison
SCJ has a 0.49% expense ratio, which is lower than FJSCX's 0.91% expense ratio.
Dividends
SCJ vs. FJSCX - Dividend Comparison
SCJ's dividend yield for the trailing twelve months is around 2.77%, less than FJSCX's 14.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJSCX Fidelity Japan Smaller Companies Fund | 14.66% | 17.62% | 4.54% | 2.82% | 0.05% | 12.01% | 1.59% | 7.13% | 5.55% | 3.91% | 2.83% | 1.43% |
SCJ iShares MSCI Japan Small Cap ETF | 2.77% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
SCJ and FJSCX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FJSCX has higher volatility (8.43%) compared to SCJ (6.35%). In terms of maximum drawdown, SCJ dropped -43.52% vs FJSCX's -71.42%.
SCJ currently has the higher Sharpe Ratio (1.63 vs 1.32), 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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