FHKCX vs. FPADX
Compare and contrast key facts about Fidelity China Region Fund (FHKCX) and Fidelity Emerging Markets Index Fund (FPADX).
FHKCX is managed by Fidelity. It was launched on Nov 1, 1995. FPADX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHKCX or FPADX.
Performance
FHKCX vs. FPADX - Performance Comparison
Returns By Period
In the year-to-date period, FHKCX achieves a 23.65% return, which is significantly higher than FPADX's 8.26% return. Over the past 10 years, FHKCX has outperformed FPADX with an annualized return of 7.29%, while FPADX has yielded a comparatively lower 2.90% annualized return.
FHKCX
23.65%
-5.74%
6.51%
22.20%
5.55%
7.29%
FPADX
8.26%
-4.73%
1.40%
12.58%
2.94%
2.90%
Key characteristics
| FHKCX | FPADX | |
|---|---|---|
| Sharpe Ratio | 1.03 | 0.87 |
| Sortino Ratio | 1.60 | 1.30 |
| Omega Ratio | 1.20 | 1.16 |
| Calmar Ratio | 0.44 | 0.42 |
| Martin Ratio | 4.29 | 3.96 |
| Ulcer Index | 5.07% | 3.09% |
| Daily Std Dev | 21.05% | 14.03% |
| Max Drawdown | -60.72% | -39.16% |
| Current Drawdown | -32.22% | -17.99% |
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FHKCX vs. FPADX - Expense Ratio Comparison
FHKCX has a 0.91% expense ratio, which is higher than FPADX's 0.08% expense ratio.
Correlation
The correlation between FHKCX and FPADX is 0.85, 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.
Risk-Adjusted Performance
FHKCX vs. FPADX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity China Region Fund (FHKCX) and Fidelity Emerging Markets Index Fund (FPADX). 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
FHKCX vs. FPADX - Dividend Comparison
FHKCX's dividend yield for the trailing twelve months is around 1.55%, less than FPADX's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKCX Fidelity China Region Fund | 1.55% | 1.92% | 1.05% | 0.13% | 0.97% | 0.66% | 0.83% | 0.39% | 1.14% | 16.83% | 15.96% | 12.04% |
FPADX Fidelity Emerging Markets Index Fund | 2.47% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.76% | 1.69% | 2.47% | 2.03% | 2.15% |
Drawdowns
FHKCX vs. FPADX - Drawdown Comparison
The maximum FHKCX drawdown since its inception was -60.72%, which is greater than FPADX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FHKCX and FPADX. For additional features, visit the drawdowns tool.
Volatility
FHKCX vs. FPADX - Volatility Comparison
Fidelity China Region Fund (FHKCX) has a higher volatility of 6.53% compared to Fidelity Emerging Markets Index Fund (FPADX) at 4.44%. This indicates that FHKCX's price experiences larger fluctuations and is considered to be riskier than FPADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.