FHKIX vs. FNILX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor China Region Fund Class I (FHKIX) and Fidelity ZERO Large Cap Index Fund (FNILX).

FHKIX is managed by Fidelity. It was launched on May 9, 2008. FNILX is managed by Fidelity.

Performance

FHKIX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor China Region Fund Class I (FHKIX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

FHKIX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHKIX Fidelity Advisor China Region Fund Class I	8.35%	42.60%	23.15%	-0.28%	-23.85%	-13.71%	47.80%	35.11%	-11.27%
FNILX Fidelity ZERO Large Cap Index Fund	-4.59%	17.81%	25.47%	27.45%	-19.37%	26.67%	21.13%	31.79%	-13.60%

Returns By Period

In the year-to-date period, FHKIX achieves a 8.35% return, which is significantly higher than FNILX's -4.59% return.

FHKIX

• 1D: 2.70%
• 1M: -6.14%
• YTD: 8.35%
• 6M: 7.83%
• 1Y: 46.42%
• 3Y*: 20.95%
• 5Y*: 2.95%
• 10Y*: 12.46%

FNILX

• 1D: 2.92%
• 1M: -4.98%
• YTD: -4.59%
• 6M: -2.55%
• 1Y: 17.28%
• 3Y*: 18.57%
• 5Y*: 11.53%
• 10Y*: —

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

FHKIX vs. FNILX - Expense Ratio Comparison

FHKIX has a 0.93% expense ratio, which is higher than FNILX's 0.00% expense ratio.

FHKIX

Fidelity Advisor China Region Fund Class I

FNILX

Fidelity ZERO Large Cap Index Fund

Return for Risk

FHKIX vs. FNILX — Risk / Return Rank

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

FHKIX

FHKIX Risk / Return Rank: 90
FHKIX Sharpe Ratio Rank: 92
FHKIX Sortino Ratio Rank: 89
FHKIX Omega Ratio Rank: 86
FHKIX Calmar Ratio Rank: 92
FHKIX Martin Ratio Rank: 91

FNILX

FNILX Risk / Return Rank: 59
FNILX Sharpe Ratio Rank: 47
FNILX Sortino Ratio Rank: 53
FNILX Omega Ratio Rank: 55
FNILX Calmar Ratio Rank: 64
FNILX Martin Ratio Rank: 75

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.

FHKIX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class I (FHKIX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.

	FHKIX	FNILX	Difference
Sharpe ratio Return per unit of total volatility	2.06	0.97	+1.10
Sortino ratio Return per unit of downside risk	2.62	1.48	+1.14
Omega ratio Gain probability vs. loss probability	1.38	1.23	+0.15
Calmar ratio Return relative to maximum drawdown	2.94	1.51	+1.43
Martin ratio Return relative to average drawdown	11.29	7.14	+4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHKIX vs. FNILX - Sharpe Ratio Comparison

The current FHKIX Sharpe Ratio is 2.06, which is higher than the FNILX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FHKIX and FNILX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FHKIX	FNILX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.97	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.67	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.66	-0.32

Correlation

The correlation between FHKIX and FNILX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FHKIX vs. FNILX - Dividend Comparison

FHKIX's dividend yield for the trailing twelve months is around 1.70%, more than FNILX's 1.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKIX Fidelity Advisor China Region Fund Class I	1.70%	1.84%	1.44%	1.89%	1.04%	10.81%	4.90%	0.65%	0.79%	0.44%	1.40%	15.62%
FNILX Fidelity ZERO Large Cap Index Fund	1.06%	1.01%	1.09%	1.34%	1.53%	0.95%	1.20%	1.17%	0.53%	0.00%	0.00%	0.00%

Drawdowns

FHKIX vs. FNILX - Drawdown Comparison

The maximum FHKIX drawdown since its inception was -58.42%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FHKIX and FNILX.

Drawdown Indicators

	FHKIX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-58.42%	-33.76%	-24.66%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-12.18%	-3.72%
Max Drawdown (5Y) Largest decline over 5 years	-53.83%	-25.40%	-28.43%
Max Drawdown (10Y) Largest decline over 10 years	-58.42%	—	—
Current Drawdown Current decline from peak	-8.39%	-6.36%	-2.03%
Average Drawdown Average peak-to-trough decline	-18.84%	-5.47%	-13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	2.57%	+1.58%

Volatility

FHKIX vs. FNILX - Volatility Comparison

Fidelity Advisor China Region Fund Class I (FHKIX) has a higher volatility of 9.78% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.33%. This indicates that FHKIX's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHKIX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.78%	5.33%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	16.55%	9.59%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	23.25%	18.44%	+4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.98%	17.27%	+6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	20.19%	+1.91%