FERCX vs. OBCHX

Last updated Jul 18, 2026

FERCX (Fidelity Advisor Emerging Asia Fund Class C) and OBCHX (Oberweis China Opportunities Fund) are both mutual funds - FERCX is a Asia Pacific Equities fund managed by Fidelity, while OBCHX is a China Equities fund managed by Oberweis. Over the past 10 years, FERCX returned 13.64%/yr vs 9.93%/yr for OBCHX. A 0.79 correlation means they provide meaningful diversification when combined. FERCX charges 1.96%/yr vs 2.03%/yr for OBCHX.

Performance

FERCX vs. OBCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Oberweis China Opportunities Fund (OBCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FERCX achieves a 28.03% return, which is significantly higher than OBCHX's 26.22% return. Over the past 10 years, FERCX has outperformed OBCHX with an annualized return of 13.64%, while OBCHX has yielded a comparatively lower 9.93% annualized return.

FERCX

• 1D: -2.36%
• 1M: -5.08%
• 6M: 19.76%
• YTD: 28.03%
• 1Y: 46.04%
• 3Y*: 28.11%
• 5Y*: 6.30%
• 10Y*: 13.64%

OBCHX

• 1D: -2.41%
• 1M: -5.01%
• 6M: 15.97%
• YTD: 26.22%
• 1Y: 43.48%
• 3Y*: 21.73%
• 5Y*: 0.64%
• 10Y*: 9.93%

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

FERCX vs. OBCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FERCX Fidelity Advisor Emerging Asia Fund Class C	28.03%	35.65%	19.76%	12.64%	-31.29%	-15.75%	71.24%	29.64%	-15.72%	45.46%
OBCHX Oberweis China Opportunities Fund	26.22%	40.89%	7.28%	-7.70%	-37.21%	-5.16%	57.06%	36.32%	-25.94%	54.99%

Correlation

The correlation between FERCX and OBCHX is 0.73, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Oct 4, 2005	0.79

The correlation between FERCX and OBCHX has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

FERCX vs. OBCHX — Risk / Return Rank

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

FERCX

FERCX Risk / Return Rank: 72
FERCX Sharpe Ratio Rank: 72
FERCX Sortino Ratio Rank: 54
FERCX Omega Ratio Rank: 71
FERCX Calmar Ratio Rank: 87
FERCX Martin Ratio Rank: 76

OBCHX

OBCHX Risk / Return Rank: 67
OBCHX Sharpe Ratio Rank: 63
OBCHX Sortino Ratio Rank: 51
OBCHX Omega Ratio Rank: 54
OBCHX Calmar Ratio Rank: 95
OBCHX Martin Ratio Rank: 72

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.

FERCX vs. OBCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Asia Fund Class C (FERCX) and Oberweis China Opportunities Fund (OBCHX). 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.

	FERCX	OBCHX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.82	+0.13
Sortino ratio: Return per unit of downside risk	2.40	2.36	+0.05
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	3.48	4.57	-1.09
Martin ratio: Return relative to average drawdown	11.09	10.82	+0.27

FERCX vs. OBCHX - Sharpe Ratio Comparison

The current FERCX Sharpe Ratio is 1.94, which is comparable to the OBCHX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FERCX and OBCHX, 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

FERCX vs. OBCHX - Drawdown Comparison

The maximum FERCX drawdown since its inception was -61.15%, smaller than the maximum OBCHX drawdown of -74.03%. Use the drawdown chart below to compare losses from any high point for FERCX and OBCHX.

Drawdown Indicators

	FERCX	OBCHX	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-74.03%	+12.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-9.59%	-4.03%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-23.88%	+6.24%
Max Drawdown (5Y) Largest decline over 5 years	-51.61%	-51.78%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	-58.44%	-59.47%	+1.03%
Current Drawdown Current decline from peak	-9.15%	-15.86%	+6.71%
Average Drawdown Average peak-to-trough decline	-21.14%	-25.63%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	4.04%	+0.22%

Volatility

FERCX vs. OBCHX - Volatility Comparison

Fidelity Advisor Emerging Asia Fund Class C (FERCX) has a higher volatility of 10.19% compared to Oberweis China Opportunities Fund (OBCHX) at 8.40%. This indicates that FERCX's price experiences larger fluctuations and is considered to be riskier than OBCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FERCX	OBCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	8.40%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	22.05%	18.57%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	24.35%	24.12%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.73%	27.06%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	25.32%	-3.93%

FERCX vs. OBCHX - Expense Ratio Comparison

FERCX has a 1.96% expense ratio, which is lower than OBCHX's 2.03% expense ratio.

Dividends

FERCX vs. OBCHX - Dividend Comparison

FERCX has not paid dividends to shareholders, while OBCHX's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FERCX Fidelity Advisor Emerging Asia Fund Class C	0.00%	0.00%	0.00%	0.00%	0.00%	14.89%	7.03%	5.13%	6.53%	0.03%	0.56%	0.92%
OBCHX Oberweis China Opportunities Fund	0.80%	1.01%	2.16%	0.46%	1.22%	41.65%	11.50%	3.37%	26.11%	6.26%	0.81%	11.05%

Frequently Asked Questions

Can I hold both FERCX and OBCHX in my portfolio?

FERCX and OBCHX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FERCX or OBCHX?

FERCX has higher volatility (10.19%) compared to OBCHX (8.40%). In terms of maximum drawdown, FERCX dropped -61.15% vs OBCHX's -74.03%.

Which has better risk-adjusted returns?

FERCX currently has the higher Sharpe Ratio (1.94 vs 1.82), 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.