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FCHKX vs. IPAC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FCHKX vs. IPAC

Last updated Aug 2, 2026
Documentation

FCHKX (Fidelity Advisor China Region Fund Class C) and IPAC (iShares Core MSCI Pacific ETF) are both funds - FCHKX is a China Equities fund managed by Fidelity, while IPAC is a Asia Pacific Equities fund tracking the MSCI Pacific IMI Index (Net). Over the past 10 years, FCHKX returned 12.22%/yr vs 8.82%/yr for IPAC. Their 0.62 correlation means they have sometimes moved together and sometimes differently. FCHKX charges 1.96%/yr vs 0.09%/yr for IPAC.

Performance

FCHKX vs. IPAC - Performance Comparison

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

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Returns By Period

In the year-to-date period, FCHKX achieves a 25.06% return, which is significantly higher than IPAC's 14.24% return. Over the past 10 years, FCHKX has outperformed IPAC with an annualized return of 12.22%, while IPAC has yielded a comparatively lower 8.82% 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%

IPAC

1D
-0.96%
1M
0.87%
6M
7.59%
YTD
14.24%
1Y
26.06%
3Y*
16.33%
5Y*
8.37%
10Y*
8.82%
ALL TIME*
7.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. 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

IPAC

iShares Core MSCI Pacific ETF
$5.46M$8.24M$8.98M

FCHKX vs. IPAC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IPAC
iShares Core MSCI Pacific ETF		14.24%25.16%6.18%14.51%-13.68%3.09%12.39%19.44%-12.78%25.97%

Correlation

The correlation between FCHKX and IPAC is 0.63, 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.

0.63

Correlation (3Y)
Balances recent behavior with more history.

0.59

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.61

Correlation (10Y)
Provides a long-term view across more market conditions.

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.62

The correlation between FCHKX and IPAC has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

FCHKX vs. IPAC - Sectors Allocation Comparison

Sectors
FCHKX
IPAC

Technology

59.9%
13.7%

Consumer Cyclical

8.9%
10.6%

Industrials

7.4%
20.5%

Financial Services

7.0%
24.9%

Communication Services

6.0%
3.8%

Basic Materials

5.5%
8.3%

Healthcare

3.6%
5.4%

Consumer Defensive

1.3%
4.0%

Real Estate

0.3%
5.0%

Energy

-

1.7%

Utilities

-

1.6%

Technology

FCHKX
59.9%
IPAC
13.7%

Consumer Cyclical

FCHKX
8.9%
IPAC
10.6%

Industrials

FCHKX
7.4%
IPAC
20.5%

Financial Services

FCHKX
7.0%
IPAC
24.9%

Communication Services

FCHKX
6.0%
IPAC
3.8%

Basic Materials

FCHKX
5.5%
IPAC
8.3%

Healthcare

FCHKX
3.6%
IPAC
5.4%

Consumer Defensive

FCHKX
1.3%
IPAC
4.0%

Real Estate

FCHKX
0.3%
IPAC
5.0%

Energy

FCHKX

-

IPAC
1.7%

Utilities

FCHKX

-

IPAC
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Advisor China Region Fund Class C

iShares Core MSCI Pacific ETF

Often compared with FCHKX:
FCHKX vs. VOOFCHKX vs. FIQFXFCHKX vs. GSAGXFCHKX vs. BGCBXFCHKX vs. CAFFCHKX vs. VIGIXFCHKX vs. TRCLX
Often compared with IPAC:
IPAC vs. VPLIPAC vs. FLCHIPAC vs. IVALIPAC vs. IEMGIPAC vs. SPYIPAC vs. ^GSPCIPAC vs. VEA

Return for Risk

FCHKX vs. IPAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FCHKX
FCHKX Risk / Return Rank: 8282
Overall Rank
FCHKX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FCHKX Sortino Ratio Rank: 7373
Sortino Ratio Rank
FCHKX Omega Ratio Rank: 7676
Omega Ratio Rank
FCHKX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FCHKX Martin Ratio Rank: 8686
Martin Ratio Rank
IPAC
IPAC Risk / Return Rank: 6767
Overall Rank
IPAC Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IPAC Sortino Ratio Rank: 6666
Sortino Ratio Rank
IPAC Omega Ratio Rank: 6969
Omega Ratio Rank
IPAC Calmar Ratio Rank: 6767
Calmar Ratio Rank
IPAC Martin Ratio Rank: 6767
Martin Ratio Rank
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. IPAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class C (FCHKX) and iShares Core MSCI Pacific ETF (IPAC). 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.

FCHKXIPACDifference
Sharpe ratioReturn per unit of total volatility
1.94
1.52

+0.42

Sortino ratioReturn per unit of downside risk
2.50
2.15

+0.34

Omega ratioGain probability vs. loss probability

1.33

1.28

+0.05

Calmar ratioReturn relative to maximum drawdown

3.88

2.32

+1.56

Martin ratioReturn relative to average drawdown

11.04

8.11

+2.93

FCHKX vs. IPAC - Sharpe Ratio Comparison

The current FCHKX Sharpe Ratio is 1.94, which is comparable to the IPAC Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FCHKX and IPAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FCHKX vs. IPAC - Drawdown Comparison

The maximum FCHKX drawdown since its inception was -59.14%, which is greater than IPAC's maximum drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for FCHKX and IPAC.

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Drawdown Indicators

FCHKXIPACDifference

Max Drawdown

Largest peak-to-trough decline

-59.14%

-30.99%

-28.15%

Max Drawdown (1Y)

Largest decline over 1 year

-12.38%

-11.49%

-0.89%

Max Drawdown (3Y)

Largest decline over 3 years

-22.42%

-15.45%

-6.97%

Max Drawdown (5Y)

Largest decline over 5 years

-48.78%

-29.64%

-19.14%

Max Drawdown (10Y)

Largest decline over 10 years

-59.14%

-30.99%

-28.15%

Current Drawdown

Current decline from peak

-10.22%

-1.71%

-8.51%

Average Drawdown

Average peak-to-trough decline

-21.19%

-7.41%

-13.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.35%

3.29%

+1.06%

Volatility

FCHKX vs. IPAC - Volatility Comparison

Fidelity Advisor China Region Fund Class C (FCHKX) has a higher volatility of 8.72% compared to iShares Core MSCI Pacific ETF (IPAC) at 5.93%. This indicates that FCHKX's price experiences larger fluctuations and is considered to be riskier than IPAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FCHKXIPACDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.72%

5.93%

+2.79%

Volatility (6M)

Calculated over the trailing 6-month period

20.81%

14.93%

+5.88%

Volatility (1Y)

Calculated over the trailing 1-year period

24.78%

17.58%

+7.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.69%

16.89%

+7.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.65%

16.65%

+6.00%

FCHKX vs. IPAC - Expense Ratio Comparison

FCHKX has a 1.96% expense ratio, which is higher than IPAC's 0.09% expense ratio.

Dividends

FCHKX vs. IPAC - Dividend Comparison

FCHKX's dividend yield for the trailing twelve months is around 0.70%, less than IPAC's 3.86% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
IPAC
iShares Core MSCI Pacific ETF		3.86%4.32%3.43%3.16%2.76%4.03%1.68%3.37%2.95%2.98%2.66%2.60%

Frequently Asked Questions

FCHKX and IPAC have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FCHKX has higher volatility (8.72%) compared to IPAC (5.93%). In terms of maximum drawdown, FCHKX dropped -59.14% vs IPAC's -30.99%.

FCHKX currently has the higher Sharpe Ratio (1.94 vs 1.52), 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.

Portfolio Optimizer

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