FHKCX vs. MCHI
Compare and contrast key facts about Fidelity China Region Fund (FHKCX) and iShares MSCI China ETF (MCHI).
FHKCX is managed by Fidelity. It was launched on Nov 1, 1995. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011.
Performance
FHKCX vs. MCHI - Performance Comparison
Loading graphics...
FHKCX vs. MCHI - 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% |
MCHI iShares MSCI China ETF | -6.78% | 31.04% | 17.73% | -11.94% | -23.01% | -21.74% | 27.78% | 23.72% | -19.79% | 54.67% |
Returns By Period
In the year-to-date period, FHKCX achieves a 8.35% return, which is significantly higher than MCHI's -6.78% return. Over the past 10 years, FHKCX has outperformed MCHI with an annualized return of 12.46%, while MCHI has yielded a comparatively lower 4.62% 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%
MCHI
- 1D
- -0.32%
- 1M
- -4.29%
- YTD
- -6.78%
- 6M
- -14.44%
- 1Y
- 4.94%
- 3Y*
- 6.44%
- 5Y*
- -5.72%
- 10Y*
- 4.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHKCX vs. MCHI - Expense Ratio Comparison
FHKCX has a 0.91% expense ratio, which is higher than MCHI's 0.59% expense ratio.
Return for Risk
FHKCX vs. MCHI — Risk / Return Rank
FHKCX
MCHI
FHKCX vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity China Region Fund (FHKCX) and iShares MSCI China ETF (MCHI). 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 | MCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.21 | +1.85 |
Sortino ratioReturn per unit of downside risk | 2.62 | 0.45 | +2.18 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.06 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 2.94 | 0.30 | +2.63 |
Martin ratioReturn relative to average drawdown | 11.28 | 0.79 | +10.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FHKCX | MCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.21 | +1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.19 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.17 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.09 | +0.31 |
Correlation
The correlation between FHKCX and MCHI is 0.86, 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. MCHI - Dividend Comparison
FHKCX's dividend yield for the trailing twelve months is around 1.62%, less than MCHI's 2.27% 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% |
MCHI iShares MSCI China ETF | 2.27% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Drawdowns
FHKCX vs. MCHI - Drawdown Comparison
The maximum FHKCX drawdown since its inception was -61.96%, roughly equal to the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for FHKCX and MCHI.
Loading graphics...
Drawdown Indicators
| FHKCX | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -62.95% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -17.17% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -53.82% | -57.18% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -58.41% | -62.95% | +4.54% |
Current DrawdownCurrent decline from peak | -8.40% | -36.43% | +28.03% |
Average DrawdownAverage peak-to-trough decline | -20.37% | -24.40% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 6.63% | -2.48% |
Volatility
FHKCX vs. MCHI - Volatility Comparison
Fidelity China Region Fund (FHKCX) has a higher volatility of 9.78% compared to iShares MSCI China ETF (MCHI) at 6.82%. This indicates that FHKCX's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FHKCX | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 6.82% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 14.83% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.25% | 23.85% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 30.67% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 27.39% | -5.28% |