FHKAX vs. CQQQ
Compare and contrast key facts about Fidelity Advisor China Region Fund Class A (FHKAX) and Invesco China Technology ETF (CQQQ).
FHKAX is managed by Fidelity. It was launched on May 9, 2008. CQQQ is a passively managed fund by Invesco that tracks the performance of the AlphaShares China Technology Index. It was launched on Dec 8, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHKAX or CQQQ.
Correlation
The correlation between FHKAX and CQQQ is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FHKAX vs. CQQQ - Performance Comparison
Key characteristics
FHKAX:
1.18
CQQQ:
0.44
FHKAX:
1.77
CQQQ:
0.97
FHKAX:
1.22
CQQQ:
1.11
FHKAX:
0.46
CQQQ:
0.24
FHKAX:
4.27
CQQQ:
1.38
FHKAX:
5.93%
CQQQ:
12.87%
FHKAX:
21.53%
CQQQ:
39.97%
FHKAX:
-62.60%
CQQQ:
-73.99%
FHKAX:
-40.81%
CQQQ:
-61.82%
Returns By Period
In the year-to-date period, FHKAX achieves a 21.80% return, which is significantly higher than CQQQ's 14.10% return. Over the past 10 years, FHKAX has outperformed CQQQ with an annualized return of 4.96%, while CQQQ has yielded a comparatively lower 2.41% annualized return.
FHKAX
21.80%
-1.69%
3.97%
23.13%
0.50%
4.96%
CQQQ
14.10%
-0.24%
16.93%
14.65%
-4.74%
2.41%
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FHKAX vs. CQQQ - Expense Ratio Comparison
FHKAX has a 1.21% expense ratio, which is higher than CQQQ's 0.70% expense ratio.
Risk-Adjusted Performance
FHKAX vs. CQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class A (FHKAX) and Invesco China Technology ETF (CQQQ). 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.
Dividends
FHKAX vs. CQQQ - Dividend Comparison
FHKAX's dividend yield for the trailing twelve months is around 0.05%, while CQQQ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 0.05% | 1.58% | 0.59% | 0.00% | 0.79% | 0.38% | 0.39% | 0.21% | 0.77% | 16.40% | 15.41% | 11.66% |
CQQQ Invesco China Technology ETF | 0.00% | 0.55% | 0.08% | 0.00% | 0.47% | 0.01% | 0.43% | 1.42% | 1.69% | 1.77% | 1.00% | 0.79% |
Drawdowns
FHKAX vs. CQQQ - Drawdown Comparison
The maximum FHKAX drawdown since its inception was -62.60%, smaller than the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for FHKAX and CQQQ. For additional features, visit the drawdowns tool.
Volatility
FHKAX vs. CQQQ - Volatility Comparison
The current volatility for Fidelity Advisor China Region Fund Class A (FHKAX) is 5.34%, while Invesco China Technology ETF (CQQQ) has a volatility of 12.87%. This indicates that FHKAX experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.