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FHKFX vs. FHKTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FHKFX vs. FHKTX

Last updated Apr 3, 2026

Compare and contrast key facts about Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor China Region Fund Class M (FHKTX).

FHKFX is managed by Fidelity. It was launched on Aug 29, 2018. FHKTX is managed by Fidelity. It was launched on May 9, 2008.

Performance

FHKFX vs. FHKTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor China Region Fund Class M (FHKTX). The values are adjusted to include any dividend payments, if applicable.

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FHKFX vs. FHKTX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FHKFX
Fidelity Series Emerging Markets Fund		8.52%38.51%5.42%12.10%-24.50%-4.15%17.85%9.64%-8.52%
FHKTX
Fidelity Advisor China Region Fund Class M		9.27%41.85%22.53%-0.84%-24.32%-14.20%46.95%34.26%-13.08%

Returns By Period

In the year-to-date period, FHKFX achieves a 8.52% return, which is significantly lower than FHKTX's 9.27% return.

FHKFX

1D
1.03%
1M
-1.92%
YTD
8.52%
6M
11.03%
1Y
42.12%
3Y*
18.99%
5Y*
4.21%
10Y*
—

FHKTX

1D
0.97%
1M
-0.65%
YTD
9.27%
6M
7.72%
1Y
47.18%
3Y*
20.69%
5Y*
2.58%
10Y*
11.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Series Emerging Markets Fund

Fidelity Advisor China Region Fund Class M

Often compared with FHKFX:
FHKFX vs. FGKPXFHKFX vs. VOOFHKFX vs. PEAFXFHKFX vs. DEMAXFHKFX vs. JEMWXFHKFX vs. VEMAXFHKFX vs. FEMKX
Often compared with FHKTX:
FHKTX vs. FXIFHKTX vs. FHKIXFHKTX vs. GSAGXFHKTX vs. BGCBXFHKTX vs. FCNTXFHKTX vs. FBGRXFHKTX vs. FSKAX

FHKFX vs. FHKTX - Expense Ratio Comparison

FHKFX has a 0.01% expense ratio, which is lower than FHKTX's 1.50% expense ratio.

FHKTX
Fidelity Advisor China Region Fund Class M
FHKFX
Fidelity Series Emerging Markets Fund

Return for Risk

FHKFX vs. FHKTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FHKFX
FHKFX Risk / Return Rank: 9292
Overall Rank
FHKFX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FHKFX Sortino Ratio Rank: 9090
Sortino Ratio Rank
FHKFX Omega Ratio Rank: 8989
Omega Ratio Rank
FHKFX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FHKFX Martin Ratio Rank: 9393
Martin Ratio Rank
FHKTX
FHKTX Risk / Return Rank: 8989
Overall Rank
FHKTX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
FHKTX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FHKTX Omega Ratio Rank: 8585
Omega Ratio Rank
FHKTX Calmar Ratio Rank: 9292
Calmar Ratio Rank
FHKTX Martin Ratio Rank: 9090
Martin Ratio Rank
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.

FHKFX vs. FHKTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Fund (FHKFX) and Fidelity Advisor China Region Fund Class M (FHKTX). 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.

FHKFXFHKTXDifference

Sharpe ratio

Return per unit of total volatility

2.16

2.03

+0.13

Sortino ratio

Return per unit of downside risk

2.76

2.59

+0.17

Omega ratio

Gain probability vs. loss probability

1.42

1.37

+0.04

Calmar ratio

Return relative to maximum drawdown

3.42

3.03

+0.40

Martin ratio

Return relative to average drawdown

12.50

11.53

+0.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHKFX vs. FHKTX - Sharpe Ratio Comparison

The current FHKFX Sharpe Ratio is 2.16, which is comparable to the FHKTX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FHKFX and FHKTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FHKFXFHKTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.03

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.11

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.31

-0.02

Correlation

The correlation between FHKFX and FHKTX is 0.92, 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

FHKFX vs. FHKTX - Dividend Comparison

FHKFX's dividend yield for the trailing twelve months is around 2.19%, more than FHKTX's 1.16% yield.

TTM20252024202320222021202020192018201720162015
FHKFX
Fidelity Series Emerging Markets Fund		2.19%2.38%2.86%2.43%2.56%3.46%1.38%2.28%0.42%0.00%0.00%0.00%
FHKTX
Fidelity Advisor China Region Fund Class M		1.16%1.27%1.10%1.27%0.29%10.88%4.51%0.02%0.00%0.00%0.69%14.81%

Drawdowns

FHKFX vs. FHKTX - Drawdown Comparison

The maximum FHKFX drawdown since its inception was -45.47%, smaller than the maximum FHKTX drawdown of -58.83%. Use the drawdown chart below to compare losses from any high point for FHKFX and FHKTX.

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Drawdown Indicators

FHKFXFHKTXDifference

Max Drawdown

Largest peak-to-trough decline

-45.47%

-58.83%

+13.36%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-13.15%

+0.61%

Max Drawdown (5Y)

Largest decline over 5 years

-42.10%

-54.25%

+12.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-58.83%

—

Current Drawdown

Current decline from peak

-8.74%

-7.53%

-1.21%

Average Drawdown

Average peak-to-trough decline

-17.57%

-19.28%

+1.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

4.20%

-0.77%

Volatility

FHKFX vs. FHKTX - Volatility Comparison

Fidelity Series Emerging Markets Fund (FHKFX) has a higher volatility of 9.11% compared to Fidelity Advisor China Region Fund Class M (FHKTX) at 8.66%. This indicates that FHKFX's price experiences larger fluctuations and is considered to be riskier than FHKTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FHKFXFHKTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.11%

8.66%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

14.96%

16.55%

-1.59%

Volatility (1Y)

Calculated over the trailing 1-year period

19.51%

23.26%

-3.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.74%

23.98%

-5.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.57%

22.11%

-2.54%