FCHKX vs. GSAGX

Last updated Aug 2, 2026

FCHKX (Fidelity Advisor China Region Fund Class C) and GSAGX (Goldman Sachs China Equity Fund) are both China Equities funds. Over the past 10 years, FCHKX returned 12.22%/yr vs 4.45%/yr for GSAGX. Their correlation of 0.88 means they have usually moved in the same direction. FCHKX charges 1.96%/yr vs 1.47%/yr for GSAGX.

Performance

FCHKX vs. GSAGX - Performance Comparison

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

Returns By Period

In the year-to-date period, FCHKX achieves a 25.06% return, which is significantly higher than GSAGX's -1.06% return. Over the past 10 years, FCHKX has outperformed GSAGX with an annualized return of 12.22%, while GSAGX has yielded a comparatively lower 4.45% annualized return.

FCHKX

• 1D: 2.46%
• 1M: -4.93%
• 6M: 12.95%
• YTD: 25.06%
• 1Y: 51.14%
• 3Y*: 25.80%
• 5Y*: 7.82%
• 10Y*: 12.22%
• ALL TIME*: 5.34%

GSAGX

• 1D: 1.36%
• 1M: -0.86%
• 6M: -6.43%
• YTD: -1.06%
• 1Y: 13.37%
• 3Y*: 7.32%
• 5Y*: -5.18%
• 10Y*: 4.45%
• ALL TIME*: 3.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCHKX Fidelity Advisor China Region Fund Class C	$0.00	$0.00	$0.00
GSAGX Goldman Sachs China Equity Fund	$0.00	$0.00	$0.00

FCHKX vs. GSAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCHKX Fidelity Advisor China Region Fund Class C	25.06%	41.13%	21.90%	-1.27%	-24.66%	-14.60%	46.29%	33.74%	-18.29%	50.37%
GSAGX Goldman Sachs China Equity Fund	-1.06%	32.36%	13.00%	-18.78%	-30.71%	-14.26%	48.21%	26.22%	-18.45%	51.62%

Correlation

The correlation between FCHKX and GSAGX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since May 15, 2008	0.88

The correlation between FCHKX and GSAGX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

FCHKX vs. GSAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCHKX

FCHKX Risk / Return Rank: 82
FCHKX Sharpe Ratio Rank: 81
FCHKX Sortino Ratio Rank: 73
FCHKX Omega Ratio Rank: 76
FCHKX Calmar Ratio Rank: 94
FCHKX Martin Ratio Rank: 86

GSAGX

GSAGX Risk / Return Rank: 13
GSAGX Sharpe Ratio Rank: 12
GSAGX Sortino Ratio Rank: 13
GSAGX Omega Ratio Rank: 12
GSAGX Calmar Ratio Rank: 16
GSAGX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCHKX vs. GSAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class C (FCHKX) and Goldman Sachs China Equity Fund (GSAGX). 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	GSAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	0.51	+1.43
Sortino ratio: Return per unit of downside risk	2.50	0.83	+1.67
Omega ratio: Gain probability vs. loss probability	1.33	1.10	+0.24
Calmar ratio: Return relative to maximum drawdown	3.88	0.80	+3.08
Martin ratio: Return relative to average drawdown	11.04	1.82	+9.22

FCHKX vs. GSAGX - Sharpe Ratio Comparison

The current FCHKX Sharpe Ratio is 1.94, which is higher than the GSAGX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FCHKX and GSAGX, 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. GSAGX - Drawdown Comparison

The maximum FCHKX drawdown since its inception was -59.14%, smaller than the maximum GSAGX drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for FCHKX and GSAGX.

Drawdown Indicators

	FCHKX	GSAGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-70.73%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-12.65%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-22.42%	-23.39%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-48.78%	-54.82%	+6.04%
Max Drawdown (10Y) Largest decline over 10 years	-59.14%	-63.98%	+4.84%
Current Drawdown Current decline from peak	-10.22%	-40.58%	+30.36%
Average Drawdown Average peak-to-trough decline	-21.19%	-28.65%	+7.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	5.56%	-1.21%

Volatility

FCHKX vs. GSAGX - Volatility Comparison

Fidelity Advisor China Region Fund Class C (FCHKX) has a higher volatility of 8.72% compared to Goldman Sachs China Equity Fund (GSAGX) at 7.40%. This indicates that FCHKX's price experiences larger fluctuations and is considered to be riskier than GSAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCHKX	GSAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	7.40%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	20.81%	15.40%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	24.78%	20.00%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.69%	25.29%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	22.80%	-0.15%

FCHKX vs. GSAGX - Expense Ratio Comparison

FCHKX has a 1.96% expense ratio, which is higher than GSAGX's 1.47% expense ratio.

Dividends

FCHKX vs. GSAGX - Dividend Comparison

FCHKX's dividend yield for the trailing twelve months is around 0.70%, less than GSAGX's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FCHKX Fidelity Advisor China Region Fund Class C	0.70%	0.88%	0.63%	0.63%	0.00%	11.31%	4.38%	0.00%	0.00%	0.00%	0.08%
GSAGX Goldman Sachs China Equity Fund	1.36%	1.34%	1.40%	0.89%	0.00%	6.78%	5.02%	0.57%	6.92%	1.35%	0.00%

Frequently Asked Questions

Can I hold both FCHKX and GSAGX in my portfolio?

FCHKX and GSAGX have a correlation of 0.80, 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 GSAGX?

FCHKX has higher volatility (8.72%) compared to GSAGX (7.40%). In terms of maximum drawdown, FCHKX dropped -59.14% vs GSAGX's -70.73%.

Which has better risk-adjusted returns?

FCHKX currently has the higher Sharpe Ratio (1.94 vs 0.51), 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.