FHKAX vs. LNGZX
FHKAX (Fidelity Advisor China Region Fund Class A) and LNGZX (Columbia Greater China Fund) are both China Equities funds. Over the past 10 years, FHKAX returned 14.88%/yr vs 3.69%/yr for LNGZX. Their correlation of 0.92 suggests significant overlap in exposure. FHKAX charges 1.21%/yr vs 1.25%/yr for LNGZX.
Performance
FHKAX vs. LNGZX - Performance Comparison
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Returns By Period
In the year-to-date period, FHKAX achieves a 33.59% return, which is significantly higher than LNGZX's -11.87% return. Over the past 10 years, FHKAX has outperformed LNGZX with an annualized return of 14.88%, while LNGZX has yielded a comparatively lower 3.69% annualized return.
FHKAX
- 1D
- -4.02%
- 1M
- 0.69%
- YTD
- 33.59%
- 6M
- 34.26%
- 1Y
- 66.66%
- 3Y*
- 32.11%
- 5Y*
- 7.81%
- 10Y*
- 14.88%
LNGZX
- 1D
- -3.14%
- 1M
- -7.48%
- YTD
- -11.87%
- 6M
- -12.39%
- 1Y
- -3.53%
- 3Y*
- 4.88%
- 5Y*
- -11.83%
- 10Y*
- 3.69%
FHKAX vs. LNGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 33.59% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 34.71% | -17.67% | 51.46% |
LNGZX Columbia Greater China Fund | -11.87% | 27.49% | 12.29% | -18.70% | -28.42% | -25.21% | 46.04% | 32.95% | -20.01% | 59.90% |
Correlation
The correlation between FHKAX and LNGZX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 8, 2008 | 0.92 |
The correlation between FHKAX and LNGZX shifts across timeframes, from 0.81 (1 year) to 0.92 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FHKAX vs. LNGZX — Risk / Return Rank
FHKAX
LNGZX
FHKAX vs. LNGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class A (FHKAX) and Columbia Greater China Fund (LNGZX). 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 | LNGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.01 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | -0.04 | +6.73 |
| Martin ratioReturn relative to average drawdown | 19.89 | -0.09 | +19.99 |
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Drawdowns
FHKAX vs. LNGZX - Drawdown Comparison
The maximum FHKAX drawdown since its inception was -58.62%, smaller than the maximum LNGZX drawdown of -73.37%. Use the drawdown chart below to compare losses from any high point for FHKAX and LNGZX.
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Drawdown Indicators
| FHKAX | LNGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.62% | -73.37% | +14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -21.04% | +10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.15% | -26.71% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -52.60% | -63.73% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -58.62% | -67.94% | +9.32% |
Current DrawdownCurrent decline from peak | -4.40% | -54.04% | +49.64% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -26.57% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 9.49% | -5.86% |
Volatility
FHKAX vs. LNGZX - Volatility Comparison
Fidelity Advisor China Region Fund Class A (FHKAX) has a higher volatility of 11.21% compared to Columbia Greater China Fund (LNGZX) at 6.87%. This indicates that FHKAX's price experiences larger fluctuations and is considered to be riskier than LNGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKAX | LNGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.21% | 6.87% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 15.96% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.22% | 21.24% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 30.04% | -5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 26.57% | -4.09% |
FHKAX vs. LNGZX - Expense Ratio Comparison
FHKAX has a 1.21% expense ratio, which is lower than LNGZX's 1.25% expense ratio.
Dividends
FHKAX vs. LNGZX - Dividend Comparison
FHKAX's dividend yield for the trailing twelve months is around 1.19%, less than LNGZX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 1.19% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
LNGZX Columbia Greater China Fund | 2.13% | 1.88% | 1.21% | 0.67% | 0.00% | 0.00% | 4.29% | 1.40% | 5.85% | 1.20% | 0.00% | 4.54% |
Frequently Asked Questions
FHKAX and LNGZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHKAX has higher volatility (11.21%) compared to LNGZX (6.87%). In terms of maximum drawdown, FHKAX dropped -58.62% vs LNGZX's -73.37%.
FHKAX currently has the higher Sharpe Ratio (3.12 vs -0.04), 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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