FEAAX vs. FHKCX
FEAAX (Fidelity Advisor Emerging Asia Fund Class A) and FHKCX (Fidelity China Region Fund) are both mutual funds - FEAAX is a Asia Pacific Equities fund managed by Fidelity, while FHKCX is a China Equities fund managed by Fidelity. Over the past 10 years, FEAAX returned 15.08%/yr vs 14.28%/yr for FHKCX. Their correlation of 0.88 suggests significant overlap in exposure. FEAAX charges 1.20%/yr vs 0.91%/yr for FHKCX.
Performance
FEAAX vs. FHKCX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FEAAX having a 33.87% return and FHKCX slightly lower at 33.09%. Over the past 10 years, FEAAX has outperformed FHKCX with an annualized return of 15.08%, while FHKCX has yielded a comparatively lower 14.28% annualized return.
FEAAX
- 1D
- 0.02%
- 1M
- 0.97%
- 6M
- 25.69%
- YTD
- 33.87%
- 1Y
- 56.72%
- 3Y*
- 32.21%
- 5Y*
- 7.69%
- 10Y*
- 15.08%
FHKCX
- 1D
- -0.37%
- 1M
- -0.73%
- 6M
- 23.00%
- YTD
- 33.09%
- 1Y
- 65.08%
- 3Y*
- 31.70%
- 5Y*
- 8.76%
- 10Y*
- 14.28%
FEAAX vs. FHKCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEAAX Fidelity Advisor Emerging Asia Fund Class A | 33.87% | 36.67% | 20.63% | 13.50% | -30.79% | -15.06% | 72.51% | 30.64% | -15.11% | 45.96% |
FHKCX Fidelity China Region Fund | 33.09% | 42.56% | 23.15% | -0.29% | -23.87% | -13.69% | 47.85% | 35.12% | -17.43% | 51.94% |
Correlation
The correlation between FEAAX and FHKCX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1996 | 0.88 |
The correlation between FEAAX and FHKCX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
FEAAX vs. FHKCX — Risk / Return Rank
FEAAX
FHKCX
FEAAX vs. FHKCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class A (FEAAX) 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.
| FEAAX | FHKCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 6.06 | -1.86 |
| Martin ratioReturn relative to average drawdown | 13.87 | 17.37 | -3.50 |
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Drawdowns
FEAAX vs. FHKCX - Drawdown Comparison
The maximum FEAAX drawdown since its inception was -60.87%, roughly equal to the maximum FHKCX drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for FEAAX and FHKCX.
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Drawdown Indicators
| FEAAX | FHKCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.87% | -61.96% | +1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -10.80% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -22.02% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -51.64% | -50.68% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -57.90% | -58.41% | +0.51% |
Current DrawdownCurrent decline from peak | -5.34% | -4.87% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -20.20% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.76% | +0.34% |
Volatility
FEAAX vs. FHKCX - Volatility Comparison
Fidelity Advisor Emerging Asia Fund Class A (FEAAX) has a higher volatility of 11.36% compared to Fidelity China Region Fund (FHKCX) at 10.05%. This indicates that FEAAX's price experiences larger fluctuations and is considered to be riskier than FHKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEAAX | FHKCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.36% | 10.05% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.53% | 19.79% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.91% | 23.79% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 24.68% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 22.55% | -1.21% |
FEAAX vs. FHKCX - Expense Ratio Comparison
FEAAX has a 1.20% expense ratio, which is higher than FHKCX's 0.91% expense ratio.
Dividends
FEAAX vs. FHKCX - Dividend Comparison
FEAAX has not paid dividends to shareholders, while FHKCX's dividend yield for the trailing twelve months is around 1.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEAAX Fidelity Advisor Emerging Asia Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12.88% | 6.62% | 5.21% | 6.49% | 0.03% | 1.10% | 0.84% |
FHKCX Fidelity China Region Fund | 1.32% | 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
With a correlation of 0.92, FEAAX 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.
FEAAX has higher volatility (11.36%) compared to FHKCX (10.05%). In terms of maximum drawdown, FEAAX dropped -60.87% vs FHKCX's -61.96%.
FHKCX currently has the higher Sharpe Ratio (2.75 vs 2.39), 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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