- ISIN
- US3159101415
- Issuer
- Fidelity
- Inception Date
- May 9, 2008
- Category
- China Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FHKTX Performance Chart
Fidelity Advisor China Region Fund Class M (FHKTX) is up 38.3% since the beginning of the year. FHKTX is currently trading at $74 per share. Investors who bought $1,000 worth of FHKTX shares 5 years ago would now be looking at an investment worth $1,513.
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Returns By Period
Fidelity Advisor China Region Fund Class M (FHKTX) has returned 38.32% so far this year and 78.94% over the past 12 months. Looking at the last ten years, FHKTX has achieved an annualized return of 14.80%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Fidelity Advisor China Region Fund Class M
- 1D
- 2.72%
- 1M
- 4.36%
- YTD
- 38.32%
- 6M
- 39.79%
- 1Y
- 78.94%
- 3Y*
- 30.74%
- 5Y*
- 8.64%
- 10Y*
- 14.80%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FHKTX Monthly Returns History
Based on dividend-adjusted daily data since May 8, 2008, FHKTX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +30.1%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FHKTX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.4%, while the worst single day was Oct 15, 2008 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.77% | 4.61% | -6.61% | 18.85% | 4.60% | 2.82% | 38.32% | ||||||
| 2025 | 1.81% | 3.92% | -1.27% | -4.25% | 5.31% | 7.86% | 4.65% | 5.35% | 12.57% | 2.05% | -4.00% | 2.69% | 41.85% |
| 2024 | -5.54% | 7.12% | 3.18% | 2.78% | 4.31% | 3.62% | -2.17% | 0.76% | 12.76% | -1.90% | -3.88% | 0.82% | 22.53% |
| 2023 | 13.57% | -8.95% | 3.59% | -4.69% | -4.71% | 3.91% | 5.80% | -6.85% | -3.73% | -1.27% | 5.04% | -0.32% | -0.84% |
| 2022 | -1.25% | -6.63% | -8.42% | -6.61% | 2.60% | 2.21% | -5.92% | -0.88% | -13.61% | -13.07% | 30.11% | 0.42% | -24.32% |
| 2021 | 6.73% | 3.01% | -3.98% | 0.21% | -2.05% | 1.00% | -10.14% | -1.01% | -5.31% | 3.50% | -4.70% | -1.31% | -14.20% |
Benchmark Metrics
Fidelity Advisor China Region Fund Class M has an annualized alpha of 1.75%, beta of 0.85, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since May 08, 2008.
- This fund participated in 85.10% of S&P 500 Index downside but only 82.19% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.75%
- Beta
- 0.85
- R²
- 0.49
- Upside Capture
- 82.19%
- Downside Capture
- 85.10%
Expense Ratio
FHKTX has a high expense ratio of 1.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FHKTX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class M (FHKTX) and compare them to S&P 500 Index.
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.
| FHKTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.37 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 7.15 | 2.78 | +4.37 |
| Martin ratioReturn relative to average drawdown | 21.29 | 12.44 | +8.85 |
Dividends
Dividend History
Fidelity Advisor China Region Fund Class M provided a 0.92% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.68 | $0.42 | $0.40 | $0.09 | $4.62 | $2.48 | $0.01 | $0.00 | $0.00 | $0.16 | $3.72 |
Dividend yield | 0.92% | 1.27% | 1.10% | 1.27% | 0.29% | 10.88% | 4.51% | 0.02% | 0.00% | 0.00% | 0.69% | 14.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor China Region Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.62 | $4.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor China Region Fund Class M. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor China Region Fund Class M was 58.83%, occurring on Oct 31, 2022. Recovery took 801 trading sessions.
The current Fidelity Advisor China Region Fund Class M drawdown is 0.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -58.83%Oct 2022 | 1y 8mo | 3y 2mo | 4y 10moFeb 2021 - Jan 2026 |
Financial crisis2007–2009 | -55.27%Oct 2008 | 5mo 10d | 1y 11mo | 2y 4moMay 2008 - Sep 2010 |
2016 bear market2016 | -41.30%Feb 2016 | 8mo 19d | 1y 8mo | 2y 5moMay 2015 - Oct 2017 |
2011 bear market2011 | -31.10%Oct 2011 | 5mo 11d | 1y 7mo | 2y 14dApr 2011 - May 2013 |
Rate-hike selloffLate 2018 | -29.31%Oct 2018 | 9mo 3d | 1y 1mo | 1y 11moJan 2018 - Dec 2019 |
Drawdown Indicators
| FHKTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.83% | -56.78% | -2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -9.10% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | -18.90% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -52.80% | -25.43% | -27.37% |
Max Drawdown (10Y)Largest decline over 10 years | -58.83% | -33.92% | -24.91% |
Current DrawdownCurrent decline from peak | -0.90% | -1.80% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -10.71% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.03% | +1.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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