FCHKX vs. FHKCX

Last updated Jun 4, 2026

FCHKX (Fidelity Advisor China Region Fund Class C) and FHKCX (Fidelity China Region Fund) are both China Equities funds from Fidelity. Over the past 10 years, FCHKX returned 14.23%/yr vs 15.41%/yr for FHKCX. With a 1.00 correlation, they move nearly in lockstep. FCHKX charges 1.96%/yr vs 0.91%/yr for FHKCX.

Performance

FCHKX vs. FHKCX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FCHKX having a 39.30% return and FHKCX slightly higher at 39.90%. Over the past 10 years, FCHKX has underperformed FHKCX with an annualized return of 14.23%, while FHKCX has yielded a comparatively higher 15.41% annualized return.

FCHKX

• 1D: 2.60%
• 1M: 7.10%
• YTD: 39.30%
• 6M: 42.37%
• 1Y: 84.77%
• 3Y*: 32.76%
• 5Y*: 7.98%
• 10Y*: 14.23%

FHKCX

• 1D: 2.61%
• 1M: 7.20%
• YTD: 39.90%
• 6M: 43.06%
• 1Y: 86.69%
• 3Y*: 34.11%
• 5Y*: 9.09%
• 10Y*: 15.41%

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

FCHKX vs. FHKCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCHKX Fidelity Advisor China Region Fund Class C	39.30%	41.13%	21.90%	-1.27%	-24.66%	-14.60%	46.29%	33.74%	-18.29%	50.37%
FHKCX Fidelity China Region Fund	39.90%	42.56%	23.15%	-0.29%	-23.87%	-13.69%	47.85%	35.12%	-17.43%	51.94%

Correlation

The correlation between FCHKX and FHKCX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 16, 2008	1.00

The correlation between FCHKX and FHKCX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

FCHKX vs. FHKCX - Sectors Allocation Comparison

Sectors	FCHKX	FHKCX
Technology	50.8%	50.8%
Consumer Cyclical	11.3%	11.3%
Financial Services	10.6%	10.6%
Communication Services	9.0%	9.0%
Industrials	7.0%	7.0%
Basic Materials	5.5%	5.5%
Healthcare	4.1%	4.1%
Consumer Defensive	1.2%	1.2%
Real Estate	0.5%	0.5%
Energy	-	-
Utilities	-	-

Return for Risk

FCHKX vs. FHKCX — Risk / Return Rank

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

FCHKX

FCHKX Risk / Return Rank: 95
FCHKX Sharpe Ratio Rank: 98
FCHKX Sortino Ratio Rank: 93
FCHKX Omega Ratio Rank: 92
FCHKX Calmar Ratio Rank: 98
FCHKX Martin Ratio Rank: 96

FHKCX

FHKCX Risk / Return Rank: 96
FHKCX Sharpe Ratio Rank: 99
FHKCX Sortino Ratio Rank: 94
FHKCX Omega Ratio Rank: 92
FHKCX Calmar Ratio Rank: 98
FHKCX Martin Ratio Rank: 97

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. FHKCX - Risk-Adjusted Trends Comparison

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

	FCHKX	FHKCX	Difference
Sharpe ratio: Return per unit of total volatility	4.05	4.14	-0.09
Sortino ratio: Return per unit of downside risk	4.77	4.85	-0.08
Omega ratio: Gain probability vs. loss probability	1.68	1.69	-0.01
Calmar ratio: Return relative to maximum drawdown	7.91	8.15	-0.24
Martin ratio: Return relative to average drawdown	24.44	25.25	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCHKX vs. FHKCX - Sharpe Ratio Comparison

The current FCHKX Sharpe Ratio is 4.05, which is comparable to the FHKCX Sharpe Ratio of 4.14. The chart below compares the historical Sharpe Ratios of FCHKX and FHKCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCHKX	FHKCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.05	4.14	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.38	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.69	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.44	-0.19

Drawdowns

FCHKX vs. FHKCX - Drawdown Comparison

The maximum FCHKX drawdown since its inception was -59.14%, roughly equal to the maximum FHKCX drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for FCHKX and FHKCX.

Drawdown Indicators

	FCHKX	FHKCX	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-61.96%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-10.80%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-22.42%	-22.02%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-53.07%	-52.42%	-0.65%
Max Drawdown (10Y) Largest decline over 10 years	-59.14%	-58.41%	-0.73%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-21.33%	-20.26%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.48%	+0.04%

Volatility

FCHKX vs. FHKCX - Volatility Comparison

Fidelity Advisor China Region Fund Class C (FCHKX) and Fidelity China Region Fund (FHKCX) have volatilities of 7.43% and 7.43%, 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.

Volatility by Period

	FCHKX	FHKCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	7.43%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	16.63%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	21.26%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.23%	24.24%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	22.33%	-0.01%

FCHKX vs. FHKCX - Expense Ratio Comparison

FCHKX has a 1.96% expense ratio, which is higher than FHKCX's 0.91% expense ratio.

Dividends

FCHKX vs. FHKCX - Dividend Comparison

FCHKX's dividend yield for the trailing twelve months is around 0.63%, less than FHKCX's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCHKX Fidelity Advisor China Region Fund Class C	0.63%	0.88%	0.63%	0.63%	0.00%	11.31%	4.38%	0.00%	0.00%	0.00%	0.08%	0.00%
FHKCX Fidelity China Region Fund	1.25%	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

Can I hold both FCHKX and FHKCX in my portfolio?

With a correlation of 1.00, FCHKX and FHKCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FCHKX or FHKCX?

FHKCX has higher volatility (7.43%) compared to FCHKX (7.43%). In terms of maximum drawdown, FCHKX dropped -59.14% vs FHKCX's -61.96%.

Which has better risk-adjusted returns?

FHKCX currently has the higher Sharpe Ratio (4.14 vs 4.05), 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.