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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHKCX or FTABX.
Key characteristics
| FHKCX | FTABX | |
|---|---|---|
| YTD Return | 19.03% | -0.02% |
| 1Y Return | 17.53% | 4.52% |
| 3Y Return (Ann) | -8.09% | -0.77% |
| 5Y Return (Ann) | 7.02% | 1.51% |
| 10Y Return (Ann) | 7.85% | 2.72% |
| Sharpe Ratio | 0.91 | 1.29 |
| Daily Std Dev | 18.02% | 4.09% |
| Max Drawdown | -60.72% | -15.54% |
| Current Drawdown | -34.76% | -4.06% |
Correlation
The correlation between FHKCX and FTABX is -0.10. 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.
Performance
FHKCX vs. FTABX - Performance Comparison
In the year-to-date period, FHKCX achieves a 19.03% return, which is significantly higher than FTABX's -0.02% return. Over the past 10 years, FHKCX has outperformed FTABX with an annualized return of 7.85%, while FTABX has yielded a comparatively lower 2.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FHKCX vs. FTABX - Risk-Adjusted Performance 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.
Dividends
FHKCX vs. FTABX - Dividend Comparison
FHKCX's dividend yield for the trailing twelve months is around 1.61%, less than FTABX's 2.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKCX Fidelity China Region Fund | 1.61% | 1.92% | 2.10% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 16.83% | 15.96% | 12.04% |
FTABX Fidelity Tax-Free Bond Fund | 2.98% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
FHKCX vs. FTABX - Drawdown Comparison
The maximum FHKCX drawdown since its inception was -60.72%, which is greater than FTABX's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for FHKCX and FTABX. For additional features, visit the drawdowns tool.
Volatility
FHKCX vs. FTABX - Volatility Comparison
Fidelity China Region Fund (FHKCX) has a higher volatility of 5.43% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.73%. 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.