Japan Equity
T Rowe Price Japan Fund
Last updated: 2026-09-03
The Verdict
T Rowe Price Japan Fund charges an expense ratio of 1.14%. On a $100,000 portfolio, that's $1,140 per year in fees, and it scales with the amount invested. Supreme.PM's decoded model tracked it at only 38% correlation over the measured period, so it should not be treated as a substitute for this fund, for a flat monthly subscription that does not change with portfolio size.
Expense Ratio
1.14%
Star Rating
2/ 5
Market Beta
0.89
Model Correlation
38%
Sharpe Ratio
0.20
Max Drawdown
43.12%
Supreme.PM Cost
Flat monthly subscription
Not a percentage of your assets
Performance
Performance comparison — 1Y: Fund 25.7% vs Model 19.7%; 3Y: Fund 60.0% vs Model 61.5%; 5Y: Fund 15.4% vs Model 24.3%.
Alpha After Fees
Supreme.PM's model shows 38% correlation with T Rowe Price Japan Fund over the measured period. That is weak tracking: the model does not reproduce this fund's return pattern, and a negative figure means it moved in the opposite direction.
Fee Analysis
T Rowe Price Japan Fund charges 1.14% of assets annually. Supreme.PM charges a flat monthly subscription instead, so its cost does not rise as a portfolio grows.
Data sources: Refinitiv Lipper, SEC EDGAR Filings, Supreme.PM Analytics
Past performance does not guarantee future results. Model returns are backtested and may not reflect actual trading conditions.
Related
Japan Equity Category
Browse all Japan Equity funds
Japan Equity Rankings
Top-rated Japan Equity funds
Our Methodology
How we decode fund strategies
Commonwealth Japan Fund
2-star rated
Hennessy Japan Fund
4-star rated
Russell Investments Japan Equity Fund
4-star rated
Baillie Gifford Japanese
3-star rated
Janus Henderson Japan Opportunities
3-star rated
Frequently Asked Questions
What is the expense ratio of T Rowe Price Japan Fund?
T Rowe Price Japan Fund has an expense ratio of 1.14%, charged as a percentage of the amount invested. Supreme.PM's decoded model is offered for a flat monthly subscription instead.
How does Supreme.PM replicate T Rowe Price Japan Fund?
Supreme.PM builds a transparent, rules-based model of listed securities designed to track this fund's return profile. Over the measured period it tracked the fund poorly, at 38% correlation. The model is published in full, so its positions are visible rather than disclosed with a delay.
What are the risks of fund replication?
While our models aim for high correlation, they may not perfectly match the fund's returns due to timing differences in rebalancing, transaction costs, and disclosure delays. Backtested results may not reflect future performance.
Get This Strategy
Start investing with Supreme.PM's decoded model and save on fees while capturing similar returns.