FHKCX vs. FTABX
Compare and contrast key facts about Fidelity China Region Fund (FHKCX) and Fidelity Tax-Free Bond Fund (FTABX).
FHKCX is managed by Fidelity. It was launched on Nov 1, 1995. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Performance
FHKCX vs. FTABX - Performance Comparison
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FHKCX vs. FTABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHKCX Fidelity China Region Fund | 8.35% | 42.56% | 23.15% | -0.29% | -23.87% | -13.69% | 47.85% | 35.12% | -17.43% | 51.94% |
FTABX Fidelity Tax-Free Bond Fund | -0.50% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
Returns By Period
In the year-to-date period, FHKCX achieves a 8.35% return, which is significantly higher than FTABX's -0.50% return. Over the past 10 years, FHKCX has outperformed FTABX with an annualized return of 12.46%, while FTABX has yielded a comparatively lower 2.32% annualized return.
FHKCX
- 1D
- 2.70%
- 1M
- -6.14%
- YTD
- 8.35%
- 6M
- 7.83%
- 1Y
- 46.41%
- 3Y*
- 20.93%
- 5Y*
- 2.94%
- 10Y*
- 12.46%
FTABX
- 1D
- 0.27%
- 1M
- -2.32%
- YTD
- -0.50%
- 6M
- 1.06%
- 1Y
- 4.23%
- 3Y*
- 3.59%
- 5Y*
- 0.97%
- 10Y*
- 2.32%
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FHKCX vs. FTABX - Expense Ratio Comparison
FHKCX has a 0.91% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Return for Risk
FHKCX vs. FTABX — Risk / Return Rank
FHKCX
FTABX
FHKCX vs. FTABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity China Region Fund (FHKCX) and Fidelity Tax-Free Bond Fund (FTABX). 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.
| FHKCX | FTABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.97 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.62 | 1.31 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.15 | +1.78 |
Martin ratioReturn relative to average drawdown | 11.28 | 4.00 | +7.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHKCX | FTABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.97 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.24 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.04 | -0.64 |
Correlation
The correlation between FHKCX and FTABX is -0.09. 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
FHKCX vs. FTABX - Dividend Comparison
FHKCX's dividend yield for the trailing twelve months is around 1.62%, less than FTABX's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKCX Fidelity China Region Fund | 1.62% | 1.75% | 1.39% | 1.92% | 1.05% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 15.47% |
FTABX Fidelity Tax-Free Bond Fund | 3.20% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
Drawdowns
FHKCX vs. FTABX - Drawdown Comparison
The maximum FHKCX drawdown since its inception was -61.96%, which is greater than FTABX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for FHKCX and FTABX.
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Drawdown Indicators
| FHKCX | FTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -16.14% | -45.82% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -4.74% | -11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -53.82% | -16.14% | -37.68% |
Max Drawdown (10Y)Largest decline over 10 years | -58.41% | -16.14% | -42.27% |
Current DrawdownCurrent decline from peak | -8.40% | -2.66% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -20.37% | -2.13% | -18.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 1.37% | +2.78% |
Volatility
FHKCX vs. FTABX - Volatility Comparison
Fidelity China Region Fund (FHKCX) has a higher volatility of 9.78% compared to Fidelity Tax-Free Bond Fund (FTABX) at 1.15%. This indicates that FHKCX's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKCX | FTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 1.15% | +8.63% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 1.79% | +14.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 4.84% | +18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 4.12% | +19.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 4.27% | +17.84% |