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FHKAX vs. FXNAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FHKAX vs. FXNAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor China Region Fund Class A (FHKAX) and Fidelity U.S. Bond Index Fund (FXNAX). The values are adjusted to include any dividend payments, if applicable.

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FHKAX vs. FXNAX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FHKAX
Fidelity Advisor China Region Fund Class A
5.42%42.19%22.84%-0.60%-24.09%-13.95%47.37%34.71%-17.67%51.46%
FXNAX
Fidelity U.S. Bond Index Fund
-0.45%7.14%1.35%5.82%-13.55%-2.10%7.63%8.50%0.04%3.50%

Returns By Period

In the year-to-date period, FHKAX achieves a 5.42% return, which is significantly higher than FXNAX's -0.45% return. Over the past 10 years, FHKAX has outperformed FXNAX with an annualized return of 11.83%, while FXNAX has yielded a comparatively lower 1.52% annualized return.


FHKAX

1D
-0.67%
1M
-9.06%
YTD
5.42%
6M
6.13%
1Y
43.43%
3Y*
19.54%
5Y*
2.51%
10Y*
11.83%

FXNAX

1D
0.48%
1M
-2.25%
YTD
-0.45%
6M
0.56%
1Y
3.79%
3Y*
3.45%
5Y*
0.12%
10Y*
1.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FHKAX vs. FXNAX - Expense Ratio Comparison

FHKAX has a 1.21% expense ratio, which is higher than FXNAX's 0.03% expense ratio.


Return for Risk

FHKAX vs. FXNAX — Risk / Return Rank

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

FHKAX
FHKAX Risk / Return Rank: 8888
Overall Rank
FHKAX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FHKAX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FHKAX Omega Ratio Rank: 8585
Omega Ratio Rank
FHKAX Calmar Ratio Rank: 9090
Calmar Ratio Rank
FHKAX Martin Ratio Rank: 8888
Martin Ratio Rank

FXNAX
FXNAX Risk / Return Rank: 5656
Overall Rank
FXNAX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
FXNAX Sortino Ratio Rank: 5555
Sortino Ratio Rank
FXNAX Omega Ratio Rank: 4040
Omega Ratio Rank
FXNAX Calmar Ratio Rank: 7878
Calmar Ratio Rank
FXNAX Martin Ratio Rank: 5353
Martin Ratio Rank
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.

FHKAX vs. FXNAX - 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 U.S. Bond Index Fund (FXNAX). 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.


FHKAXFXNAXDifference

Sharpe ratio

Return per unit of total volatility

1.85

0.99

+0.86

Sortino ratio

Return per unit of downside risk

2.39

1.44

+0.96

Omega ratio

Gain probability vs. loss probability

1.34

1.17

+0.17

Calmar ratio

Return relative to maximum drawdown

2.48

1.81

+0.67

Martin ratio

Return relative to average drawdown

9.62

5.15

+4.47

FHKAX vs. FXNAX - Sharpe Ratio Comparison

The current FHKAX Sharpe Ratio is 1.85, which is higher than the FXNAX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FHKAX and FXNAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FHKAXFXNAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

0.99

+0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.02

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.31

+0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.45

-0.14

Correlation

The correlation between FHKAX and FXNAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Dividends

FHKAX vs. FXNAX - Dividend Comparison

FHKAX's dividend yield for the trailing twelve months is around 1.51%, less than FXNAX's 3.35% yield.


TTM20252024202320222021202020192018201720162015
FHKAX
Fidelity Advisor China Region Fund Class A
1.51%1.59%1.22%1.58%0.59%10.80%4.71%0.38%0.39%0.21%0.99%15.33%
FXNAX
Fidelity U.S. Bond Index Fund
3.35%3.58%3.40%3.15%1.81%1.74%2.92%2.68%2.74%2.57%2.76%2.52%

Drawdowns

FHKAX vs. FXNAX - Drawdown Comparison

The maximum FHKAX drawdown since its inception was -58.62%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FHKAX and FXNAX.


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Drawdown Indicators


FHKAXFXNAXDifference

Max Drawdown

Largest peak-to-trough decline

-58.62%

-19.51%

-39.11%

Max Drawdown (1Y)

Largest decline over 1 year

-15.97%

-2.71%

-13.26%

Max Drawdown (5Y)

Largest decline over 5 years

-54.04%

-18.54%

-35.50%

Max Drawdown (10Y)

Largest decline over 10 years

-58.62%

-19.51%

-39.11%

Current Drawdown

Current decline from peak

-10.83%

-3.72%

-7.11%

Average Drawdown

Average peak-to-trough decline

-19.15%

-3.87%

-15.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

0.95%

+3.17%

Volatility

FHKAX vs. FXNAX - Volatility Comparison

Fidelity Advisor China Region Fund Class A (FHKAX) has a higher volatility of 9.26% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.57%. This indicates that FHKAX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FHKAXFXNAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.26%

1.57%

+7.69%

Volatility (6M)

Calculated over the trailing 6-month period

16.44%

2.58%

+13.86%

Volatility (1Y)

Calculated over the trailing 1-year period

23.16%

4.35%

+18.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.95%

6.04%

+17.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.09%

4.99%

+17.10%