FHKCX vs. GOPIX

Last updated Jun 25, 2026

FHKCX (Fidelity China Region Fund) and GOPIX (abrdn China A Share Equity Fund) are both China Equities funds. A 0.72 correlation means they provide meaningful diversification when combined. FHKCX charges 0.91%/yr vs 0.99%/yr for GOPIX.

Performance

FHKCX vs. GOPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity China Region Fund (FHKCX) and abrdn China A Share Equity Fund (GOPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FHKCX

• 1D: -4.02%
• 1M: 0.70%
• YTD: 33.77%
• 6M: 34.44%
• 1Y: 67.08%
• 3Y*: 32.47%
• 5Y*: 8.11%
• 10Y*: 15.23%

GOPIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FHKCX vs. GOPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHKCX Fidelity China Region Fund	33.77%	42.56%	23.15%	-0.29%	-23.87%	-13.69%	47.85%	35.12%	-17.43%	51.94%
GOPIX abrdn China A Share Equity Fund	0.00%	25.89%	5.70%	-24.96%	-22.46%	-3.67%	56.93%	31.74%	-11.87%	35.06%

Correlation

The correlation between FHKCX and GOPIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.72

Over the past year, the correlation between FHKCX and GOPIX has dropped to 0.20 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

FHKCX vs. GOPIX — Risk / Return Rank

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

FHKCX

FHKCX Risk / Return Rank: 92
FHKCX Sharpe Ratio Rank: 96
FHKCX Sortino Ratio Rank: 85
FHKCX Omega Ratio Rank: 85
FHKCX Calmar Ratio Rank: 97
FHKCX Martin Ratio Rank: 95

GOPIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FHKCX vs. GOPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity China Region Fund (FHKCX) and abrdn China A Share Equity Fund (GOPIX). 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.

	FHKCX	GOPIX	Difference
Sharpe ratio: Return per unit of total volatility	3.14	—	—
Sortino ratio: Return per unit of downside risk	3.71	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	6.75	—	—
Martin ratio: Return relative to average drawdown	20.08	—	—

Drawdowns

Drawdown Indicators

	FHKCX	GOPIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.41%	—	—
Current Drawdown Current decline from peak	-4.38%	—	—
Average Drawdown Average peak-to-trough decline	-20.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	—	—

Volatility

Volatility by Period

	FHKCX	GOPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	—	—

FHKCX vs. GOPIX - Expense Ratio Comparison

FHKCX has a 0.91% expense ratio, which is lower than GOPIX's 0.99% expense ratio.

Dividends

FHKCX vs. GOPIX - Dividend Comparison

FHKCX's dividend yield for the trailing twelve months is around 1.31%, less than GOPIX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKCX Fidelity China Region Fund	1.31%	1.75%	1.39%	1.92%	1.05%	10.77%	4.85%	0.66%	0.83%	0.39%	1.35%	15.47%
GOPIX abrdn China A Share Equity Fund	1.46%	1.46%	1.29%	0.79%	0.00%	5.22%	1.42%	4.45%	0.41%	1.24%	1.40%	2.03%

Frequently Asked Questions

Can I hold both FHKCX and GOPIX in my portfolio?

FHKCX and GOPIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.