FHKAX vs. VAIGX

Last updated Jun 4, 2026

FHKAX (Fidelity Advisor China Region Fund Class A) and VAIGX (Vanguard Advice Select International Growth Fund) are both mutual funds - FHKAX is a China Equities fund managed by Fidelity, while VAIGX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 3 years, FHKAX returned 33.75%/yr vs 11.72%/yr for VAIGX. A 0.73 correlation means they provide meaningful diversification when combined. FHKAX charges 1.21%/yr vs 0.42%/yr for VAIGX.

Performance

FHKAX vs. VAIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor China Region Fund Class A (FHKAX) and Vanguard Advice Select International Growth Fund (VAIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHKAX achieves a 39.74% return, which is significantly higher than VAIGX's -0.56% return.

FHKAX

• 1D: 2.61%
• 1M: 7.19%
• YTD: 39.74%
• 6M: 42.89%
• 1Y: 86.17%
• 3Y*: 33.75%
• 5Y*: 8.78%
• 10Y*: 15.07%

VAIGX

• 1D: 0.33%
• 1M: 4.80%
• YTD: -0.56%
• 6M: -0.50%
• 1Y: -1.51%
• 3Y*: 11.72%
• 5Y*: —
• 10Y*: —

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

FHKAX vs. VAIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FHKAX Fidelity Advisor China Region Fund Class A	39.74%	42.19%	22.84%	-0.60%	-23.16%
VAIGX Vanguard Advice Select International Growth Fund	-0.56%	17.01%	19.11%	15.53%	-28.63%

Correlation

The correlation between FHKAX and VAIGX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.73

The correlation between FHKAX and VAIGX has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

Return for Risk

FHKAX vs. VAIGX — Risk / Return Rank

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

FHKAX

FHKAX Risk / Return Rank: 96
FHKAX Sharpe Ratio Rank: 98
FHKAX Sortino Ratio Rank: 94
FHKAX Omega Ratio Rank: 92
FHKAX Calmar Ratio Rank: 98
FHKAX Martin Ratio Rank: 96

VAIGX

VAIGX Risk / Return Rank: 2
VAIGX Sharpe Ratio Rank: 2
VAIGX Sortino Ratio Rank: 2
VAIGX Omega Ratio Rank: 2
VAIGX Calmar Ratio Rank: 2
VAIGX Martin Ratio Rank: 2

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. VAIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class A (FHKAX) and Vanguard Advice Select International Growth Fund (VAIGX). 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.

	FHKAX	VAIGX	Difference
Sharpe ratio: Return per unit of total volatility	4.12	-0.09	+4.20
Sortino ratio: Return per unit of downside risk	4.83	0.02	+4.81
Omega ratio: Gain probability vs. loss probability	1.69	1.00	+0.68
Calmar ratio: Return relative to maximum drawdown	8.08	-0.08	+8.16
Martin ratio: Return relative to average drawdown	25.04	-0.19	+25.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHKAX vs. VAIGX - Sharpe Ratio Comparison

The current FHKAX Sharpe Ratio is 4.12, which is higher than the VAIGX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FHKAX and VAIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHKAX	VAIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	-0.09	+4.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.11	+0.27

Drawdowns

FHKAX vs. VAIGX - Drawdown Comparison

The maximum FHKAX drawdown since its inception was -58.62%, which is greater than VAIGX's maximum drawdown of -41.46%. Use the drawdown chart below to compare losses from any high point for FHKAX and VAIGX.

Drawdown Indicators

	FHKAX	VAIGX	Difference
Max Drawdown Largest peak-to-trough decline	-58.62%	-41.46%	-17.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.83%	-21.75%	+10.92%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-25.25%	+3.10%
Max Drawdown (5Y) Largest decline over 5 years	-52.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.62%	—	—
Current Drawdown Current decline from peak	0.00%	-9.29%	+9.29%
Average Drawdown Average peak-to-trough decline	-18.99%	-14.33%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	9.21%	-5.72%

Volatility

FHKAX vs. VAIGX - Volatility Comparison

Fidelity Advisor China Region Fund Class A (FHKAX) has a higher volatility of 7.43% compared to Vanguard Advice Select International Growth Fund (VAIGX) at 5.11%. This indicates that FHKAX's price experiences larger fluctuations and is considered to be riskier than VAIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHKAX	VAIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	5.11%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	16.06%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	20.27%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.23%	28.92%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	28.92%	-6.60%

FHKAX vs. VAIGX - Expense Ratio Comparison

FHKAX has a 1.21% expense ratio, which is higher than VAIGX's 0.42% expense ratio.

Dividends

FHKAX vs. VAIGX - Dividend Comparison

FHKAX's dividend yield for the trailing twelve months is around 1.14%, less than VAIGX's 4.54% 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%
VAIGX Vanguard Advice Select International Growth Fund	4.54%	4.52%	0.82%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FHKAX and VAIGX in my portfolio?

FHKAX and VAIGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHKAX or VAIGX?

FHKAX has higher volatility (7.43%) compared to VAIGX (5.11%). In terms of maximum drawdown, FHKAX dropped -58.62% vs VAIGX's -41.46%.

Which has better risk-adjusted returns?

FHKAX currently has the higher Sharpe Ratio (4.12 vs -0.09), 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.