FHKCX vs. GXC
Compare and contrast key facts about Fidelity China Region Fund (FHKCX) and SPDR S&P China ETF (GXC).
FHKCX is managed by Fidelity. It was launched on Nov 1, 1995. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007.
Performance
FHKCX vs. GXC - Performance Comparison
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FHKCX vs. GXC - 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% |
GXC SPDR S&P China ETF | -4.21% | 30.84% | 14.60% | -9.93% | -22.12% | -19.70% | 28.31% | 23.07% | -19.39% | 51.66% |
Returns By Period
In the year-to-date period, FHKCX achieves a 8.35% return, which is significantly higher than GXC's -4.21% return. Over the past 10 years, FHKCX has outperformed GXC with an annualized return of 12.46%, while GXC has yielded a comparatively lower 5.15% 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%
GXC
- 1D
- -0.42%
- 1M
- -5.54%
- YTD
- -4.21%
- 6M
- -10.98%
- 1Y
- 10.37%
- 3Y*
- 7.19%
- 5Y*
- -4.63%
- 10Y*
- 5.15%
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FHKCX vs. GXC - Expense Ratio Comparison
FHKCX has a 0.91% expense ratio, which is higher than GXC's 0.59% expense ratio.
Return for Risk
FHKCX vs. GXC — Risk / Return Rank
FHKCX
GXC
FHKCX vs. GXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity China Region Fund (FHKCX) and SPDR S&P China ETF (GXC). 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 | GXC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.46 | +1.60 |
Sortino ratioReturn per unit of downside risk | 2.62 | 0.76 | +1.86 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.11 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.94 | 0.64 | +2.30 |
Martin ratioReturn relative to average drawdown | 11.28 | 2.01 | +9.27 |
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 | GXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.46 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.16 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.20 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.16 | +0.24 |
Correlation
The correlation between FHKCX and GXC is 0.87, 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.
Dividends
FHKCX vs. GXC - Dividend Comparison
FHKCX's dividend yield for the trailing twelve months is around 1.62%, less than GXC's 2.51% 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% |
GXC SPDR S&P China ETF | 2.51% | 2.40% | 2.81% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% |
Drawdowns
FHKCX vs. GXC - Drawdown Comparison
The maximum FHKCX drawdown since its inception was -61.96%, smaller than the maximum GXC drawdown of -71.96%. Use the drawdown chart below to compare losses from any high point for FHKCX and GXC.
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Drawdown Indicators
| FHKCX | GXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -71.96% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -16.11% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -53.82% | -54.30% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -58.41% | -60.23% | +1.82% |
Current DrawdownCurrent decline from peak | -8.40% | -32.31% | +23.91% |
Average DrawdownAverage peak-to-trough decline | -20.37% | -28.81% | +8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 5.26% | -1.11% |
Volatility
FHKCX vs. GXC - Volatility Comparison
Fidelity China Region Fund (FHKCX) has a higher volatility of 9.78% compared to SPDR S&P China ETF (GXC) at 6.07%. This indicates that FHKCX's price experiences larger fluctuations and is considered to be riskier than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKCX | GXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 6.07% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 13.70% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 22.60% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 28.92% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 26.08% | -3.97% |