FHKIX vs. WCQGX
FHKIX (Fidelity Advisor China Region Fund Class I) and WCQGX (WCM China Quality Growth Fund) are both mutual funds - FHKIX is a China Equities fund managed by Fidelity, while WCQGX is a Quality Factor fund managed by WCM. Over the past 5 years, FHKIX returned 9.33%/yr vs -8.50%/yr for WCQGX. Their correlation of 0.82 means they have usually moved in the same direction. FHKIX charges 0.93%/yr vs 1.50%/yr for WCQGX.
Performance
FHKIX vs. WCQGX - Performance Comparison
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Returns By Period
In the year-to-date period, FHKIX achieves a 28.07% return, which is significantly higher than WCQGX's -5.32% return.
FHKIX
- 1D
- 1.80%
- 1M
- -3.14%
- 6M
- 15.48%
- YTD
- 28.07%
- 1Y
- 55.43%
- 3Y*
- 28.30%
- 5Y*
- 9.33%
- 10Y*
- 13.65%
- ALL TIME*
- 8.84%
WCQGX
- 1D
- 1.42%
- 1M
- -13.94%
- 6M
- -9.92%
- YTD
- -5.32%
- 1Y
- 0.03%
- 3Y*
- -1.07%
- 5Y*
- -8.50%
- 10Y*
- —
- ALL TIME*
- 1.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FHKIX vs. WCQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FHKIX Fidelity Advisor China Region Fund Class I | 28.07% | 42.60% | 23.15% | -0.28% | -23.85% | -13.71% | 65.55% |
WCQGX WCM China Quality Growth Fund | -5.32% | 20.97% | -3.03% | -18.49% | -26.70% | 4.03% | 64.08% |
Correlation
The correlation between FHKIX and WCQGX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020 | 0.82 |
The correlation between FHKIX and WCQGX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
FHKIX vs. WCQGX — Risk / Return Rank
FHKIX
WCQGX
FHKIX vs. WCQGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class I (FHKIX) and WCM China Quality Growth Fund (WCQGX). 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.
| FHKIX | WCQGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | -0.09 | +4.45 |
| Martin ratioReturn relative to average drawdown | 12.32 | -0.26 | +12.57 |
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Drawdowns
FHKIX vs. WCQGX - Drawdown Comparison
The maximum FHKIX drawdown since its inception was -58.42%, roughly equal to the maximum WCQGX drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for FHKIX and WCQGX.
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Drawdown Indicators
| FHKIX | WCQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.42% | -59.28% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -22.31% | +10.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.02% | -27.02% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -48.18% | -53.96% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -58.42% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | -45.45% | +36.99% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -34.38% | +15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 7.99% | -3.66% |
Volatility
FHKIX vs. WCQGX - Volatility Comparison
The current volatility for Fidelity Advisor China Region Fund Class I (FHKIX) is 8.93%, while WCM China Quality Growth Fund (WCQGX) has a volatility of 14.65%. This indicates that FHKIX experiences smaller price fluctuations and is considered to be less risky than WCQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKIX | WCQGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 14.65% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.84% | 24.64% | -3.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 28.68% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.69% | 24.80% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.66% | 24.82% | -2.16% |
FHKIX vs. WCQGX - Expense Ratio Comparison
FHKIX has a 0.93% expense ratio, which is lower than WCQGX's 1.50% expense ratio.
Dividends
FHKIX vs. WCQGX - Dividend Comparison
FHKIX's dividend yield for the trailing twelve months is around 1.44%, less than WCQGX's 7.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKIX Fidelity Advisor China Region Fund Class I | 1.44% | 1.84% | 1.44% | 1.89% | 1.04% | 10.81% | 4.90% | 0.65% | 0.79% | 0.44% | 1.40% | 15.62% |
WCQGX WCM China Quality Growth Fund | 7.04% | 6.67% | 2.02% | 0.82% | 0.28% | 8.54% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHKIX and WCQGX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCQGX has higher volatility (14.65%) compared to FHKIX (8.93%). In terms of maximum drawdown, FHKIX dropped -58.42% vs WCQGX's -59.28%.
FHKIX currently has the higher Sharpe Ratio (2.15 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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