FHKAX vs. FTBFX
FHKAX (Fidelity Advisor China Region Fund Class A) and FTBFX (Fidelity Total Bond Fund) are both mutual funds - FHKAX is a China Equities fund managed by Fidelity, while FTBFX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, FHKAX returned 15.36%/yr vs 2.41%/yr for FTBFX. At a correlation of -0.04, they often move in opposite directions. FHKAX charges 1.21%/yr vs 0.45%/yr for FTBFX.
Performance
FHKAX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, FHKAX achieves a 39.18% return, which is significantly higher than FTBFX's 0.25% return. Over the past 10 years, FHKAX has outperformed FTBFX with an annualized return of 15.36%, while FTBFX has yielded a comparatively lower 2.41% annualized return.
FHKAX
- 1D
- 0.51%
- 1M
- 4.90%
- YTD
- 39.18%
- 6M
- 40.25%
- 1Y
- 79.25%
- 3Y*
- 33.93%
- 5Y*
- 8.92%
- 10Y*
- 15.36%
FTBFX
- 1D
- -0.31%
- 1M
- 0.57%
- YTD
- 0.25%
- 6M
- 0.60%
- 1Y
- 4.53%
- 3Y*
- 4.65%
- 5Y*
- 0.57%
- 10Y*
- 2.41%
FHKAX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 39.18% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 34.71% | -17.67% | 51.46% |
FTBFX Fidelity Total Bond Fund | 0.25% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between FHKAX and FTBFX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 8, 2008 | -0.04 |
The correlation between FHKAX and FTBFX shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FHKAX vs. FTBFX — Risk / Return Rank
FHKAX
FTBFX
FHKAX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class A (FHKAX) and Fidelity Total Bond Fund (FTBFX). 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.
| FHKAX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.22 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 7.46 | 1.65 | +5.81 |
| Martin ratioReturn relative to average drawdown | 22.24 | 4.75 | +17.50 |
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Drawdowns
FHKAX vs. FTBFX - Drawdown Comparison
The maximum FHKAX drawdown since its inception was -58.62%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FHKAX and FTBFX.
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Drawdown Indicators
| FHKAX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.62% | -18.25% | -40.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -2.89% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.15% | -5.82% | -16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -52.60% | -18.25% | -34.35% |
Max Drawdown (10Y)Largest decline over 10 years | -58.62% | -18.25% | -40.37% |
Current DrawdownCurrent decline from peak | -0.40% | -1.62% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -2.32% | -16.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 1.00% | +2.62% |
Volatility
FHKAX vs. FTBFX - Volatility Comparison
Fidelity Advisor China Region Fund Class A (FHKAX) has a higher volatility of 10.31% compared to Fidelity Total Bond Fund (FTBFX) at 1.18%. This indicates that FHKAX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKAX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 1.18% | +9.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 2.89% | +15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 3.82% | +19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 5.68% | +18.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 4.74% | +17.73% |
FHKAX vs. FTBFX - Expense Ratio Comparison
FHKAX has a 1.21% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Dividends
FHKAX vs. FTBFX - Dividend Comparison
FHKAX's dividend yield for the trailing twelve months is around 1.14%, less than FTBFX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 1.14% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
FTBFX Fidelity Total Bond Fund | 4.37% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
FHKAX and FTBFX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHKAX has higher volatility (10.31%) compared to FTBFX (1.18%). In terms of maximum drawdown, FHKAX dropped -58.62% vs FTBFX's -18.25%.
FHKAX currently has the higher Sharpe Ratio (3.54 vs 1.25), 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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