ALKS vs. FHKCX
ALKS (Alkermes plc) is a stock, while FHKCX (Fidelity China Region Fund) is China Equities fund managed by Fidelity. Over the past 10 years, ALKS returned 0.53%/yr vs 15.22%/yr for FHKCX. At a 0.23 correlation, their price movements are largely independent.
Performance
ALKS vs. FHKCX - Performance Comparison
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Returns By Period
In the year-to-date period, ALKS achieves a 58.26% return, which is significantly higher than FHKCX's 33.90% return. Over the past 10 years, ALKS has underperformed FHKCX with an annualized return of 0.53%, while FHKCX has yielded a comparatively higher 15.22% annualized return.
ALKS
- 1D
- -1.42%
- 1M
- 13.80%
- YTD
- 58.26%
- 6M
- 55.37%
- 1Y
- 43.86%
- 3Y*
- 12.04%
- 5Y*
- 12.09%
- 10Y*
- 0.53%
FHKCX
- 1D
- 4.07%
- 1M
- -0.99%
- YTD
- 33.90%
- 6M
- 36.76%
- 1Y
- 69.00%
- 3Y*
- 31.30%
- 5Y*
- 8.13%
- 10Y*
- 15.22%
ALKS vs. FHKCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALKS Alkermes plc | 58.26% | -2.71% | 3.68% | 6.16% | 12.34% | 16.59% | -2.21% | -30.87% | -46.08% | -1.53% |
FHKCX Fidelity China Region Fund | 33.90% | 42.56% | 23.15% | -0.29% | -23.87% | -13.69% | 47.85% | 35.12% | -17.43% | 51.94% |
Correlation
The correlation between ALKS and FHKCX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1996 | 0.23 |
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Return for Risk
ALKS vs. FHKCX — Risk / Return Rank
ALKS
FHKCX
ALKS vs. FHKCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alkermes plc (ALKS) and Fidelity China Region Fund (FHKCX). 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.
| ALKS | FHKCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.53 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 6.43 | -4.45 |
| Martin ratioReturn relative to average drawdown | 4.60 | 19.26 | -14.66 |
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Drawdowns
ALKS vs. FHKCX - Drawdown Comparison
The maximum ALKS drawdown since its inception was -96.14%, which is greater than FHKCX's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for ALKS and FHKCX.
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Drawdown Indicators
| ALKS | FHKCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.14% | -61.96% | -34.18% |
Max Drawdown (1Y)Largest decline over 1 year | -22.20% | -10.80% | -11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -31.58% | -22.02% | -9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -52.42% | +19.24% |
Max Drawdown (10Y)Largest decline over 10 years | -80.58% | -58.41% | -22.17% |
Current DrawdownCurrent decline from peak | -54.84% | -4.29% | -50.55% |
Average DrawdownAverage peak-to-trough decline | -67.23% | -20.25% | -46.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 3.60% | +6.21% |
Volatility
ALKS vs. FHKCX - Volatility Comparison
Alkermes plc (ALKS) and Fidelity China Region Fund (FHKCX) have volatilities of 10.63% and 10.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALKS | FHKCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 10.32% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 30.32% | 18.40% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.87% | 22.56% | +18.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.32% | 24.47% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.29% | 22.44% | +18.85% |
Dividends
ALKS vs. FHKCX - Dividend Comparison
ALKS has not paid dividends to shareholders, while FHKCX's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHKCX Fidelity China Region Fund | 1.31% | 1.75% | 1.39% | 1.92% | 1.05% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 15.47% |
Frequently Asked Questions
ALKS and FHKCX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALKS has higher volatility (10.63%) compared to FHKCX (10.32%). In terms of maximum drawdown, ALKS dropped -96.14% vs FHKCX's -61.96%.
FHKCX currently has the higher Sharpe Ratio (3.08 vs 1.08), 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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