FCHKX vs. CHILX

Last updated Jun 23, 2026

FCHKX (Fidelity Advisor China Region Fund Class C) and CHILX (BlackRock China A Opportunities Fund) are both China Equities funds. Over the past 5 years, FCHKX returned 8.12%/yr vs 1.34%/yr for CHILX. A 0.69 correlation means they provide meaningful diversification when combined. FCHKX charges 1.96%/yr vs 0.99%/yr for CHILX.

Performance

FCHKX vs. CHILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor China Region Fund Class C (FCHKX) and BlackRock China A Opportunities Fund (CHILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCHKX achieves a 37.99% return, which is significantly higher than CHILX's 14.73% return.

FCHKX

• 1D: 2.70%
• 1M: 4.31%
• YTD: 37.99%
• 6M: 39.43%
• 1Y: 78.06%
• 3Y*: 30.09%
• 5Y*: 8.12%
• 10Y*: 14.30%

CHILX

• 1D: 1.39%
• 1M: 2.76%
• YTD: 14.73%
• 6M: 15.97%
• 1Y: 42.70%
• 3Y*: 13.23%
• 5Y*: 1.34%
• 10Y*: —

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

FCHKX vs. CHILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCHKX Fidelity Advisor China Region Fund Class C	37.99%	41.13%	21.90%	-1.27%	-24.66%	-14.60%	46.29%	35.12%
CHILX BlackRock China A Opportunities Fund	14.73%	26.30%	15.44%	-12.29%	-28.54%	3.54%	48.69%	48.44%

Correlation

The correlation between FCHKX and CHILX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019	0.69

The correlation between FCHKX and CHILX has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

Return for Risk

FCHKX vs. CHILX — Risk / Return Rank

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

FCHKX

FCHKX Risk / Return Rank: 93
FCHKX Sharpe Ratio Rank: 97
FCHKX Sortino Ratio Rank: 89
FCHKX Omega Ratio Rank: 88
FCHKX Calmar Ratio Rank: 98
FCHKX Martin Ratio Rank: 96

CHILX

CHILX Risk / Return Rank: 81
CHILX Sharpe Ratio Rank: 81
CHILX Sortino Ratio Rank: 72
CHILX Omega Ratio Rank: 70
CHILX Calmar Ratio Rank: 94
CHILX Martin Ratio Rank: 87

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.

FCHKX vs. CHILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class C (FCHKX) and BlackRock China A Opportunities Fund (CHILX). 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.

	FCHKX	CHILX	Difference
Sharpe ratio: Return per unit of total volatility	3.35	2.44	+0.92
Sortino ratio: Return per unit of downside risk	3.96	3.23	+0.74
Omega ratio: Gain probability vs. loss probability	1.57	1.42	+0.15
Calmar ratio: Return relative to maximum drawdown	7.04	4.97	+2.06
Martin ratio: Return relative to average drawdown	20.95	15.19	+5.76

FCHKX vs. CHILX - Sharpe Ratio Comparison

The current FCHKX Sharpe Ratio is 3.35, which is higher than the CHILX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FCHKX and CHILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCHKX vs. CHILX - Drawdown Comparison

The maximum FCHKX drawdown since its inception was -59.14%, which is greater than CHILX's maximum drawdown of -47.73%. Use the drawdown chart below to compare losses from any high point for FCHKX and CHILX.

Drawdown Indicators

	FCHKX	CHILX	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-47.73%	-11.41%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-8.54%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-22.42%	-22.59%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-53.07%	-43.88%	-9.19%
Max Drawdown (10Y) Largest decline over 10 years	-59.14%	—	—
Current Drawdown Current decline from peak	-0.94%	-4.02%	+3.08%
Average Drawdown Average peak-to-trough decline	-21.28%	-20.37%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	2.79%	+0.86%

Volatility

FCHKX vs. CHILX - Volatility Comparison

Fidelity Advisor China Region Fund Class C (FCHKX) has a higher volatility of 10.46% compared to BlackRock China A Opportunities Fund (CHILX) at 7.27%. This indicates that FCHKX's price experiences larger fluctuations and is considered to be riskier than CHILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCHKX	CHILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	7.27%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	18.69%	13.15%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	22.86%	17.44%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.52%	20.36%	+4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	21.87%	+0.59%

FCHKX vs. CHILX - Expense Ratio Comparison

FCHKX has a 1.96% expense ratio, which is higher than CHILX's 0.99% expense ratio.

Dividends

FCHKX vs. CHILX - Dividend Comparison

FCHKX's dividend yield for the trailing twelve months is around 0.64%, less than CHILX's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CHILX BlackRock China A Opportunities Fund	2.56%	2.94%	2.11%	2.02%	0.92%	1.19%	3.64%	12.77%	0.00%	0.00%	0.00%
FCHKX Fidelity Advisor China Region Fund Class C	0.64%	0.88%	0.63%	0.63%	0.00%	11.31%	4.38%	0.00%	0.00%	0.00%	0.08%

Frequently Asked Questions

Can I hold both FCHKX and CHILX in my portfolio?

FCHKX and CHILX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCHKX or CHILX?

FCHKX has higher volatility (10.46%) compared to CHILX (7.27%). In terms of maximum drawdown, FCHKX dropped -59.14% vs CHILX's -47.73%.

Which has better risk-adjusted returns?

FCHKX currently has the higher Sharpe Ratio (3.35 vs 2.44), 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.