FHKTX vs. FXI
Compare and contrast key facts about Fidelity Advisor China Region Fund Class M (FHKTX) and iShares China Large-Cap ETF (FXI).
FHKTX is managed by Fidelity. It was launched on May 9, 2008. FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004.
Performance
FHKTX vs. FXI - Performance Comparison
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FHKTX vs. FXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHKTX Fidelity Advisor China Region Fund Class M | 5.37% | 41.85% | 22.53% | -0.84% | -24.32% | -14.20% | 46.95% | 34.26% | -17.96% | 50.94% |
FXI iShares China Large-Cap ETF | -6.24% | 28.95% | 28.98% | -12.42% | -20.66% | -20.06% | 8.92% | 14.90% | -13.28% | 36.26% |
Returns By Period
In the year-to-date period, FHKTX achieves a 5.37% return, which is significantly higher than FXI's -6.24% return. Over the past 10 years, FHKTX has outperformed FXI with an annualized return of 11.49%, while FXI has yielded a comparatively lower 3.13% annualized return.
FHKTX
- 1D
- -0.67%
- 1M
- -9.07%
- YTD
- 5.37%
- 6M
- 6.00%
- 1Y
- 43.07%
- 3Y*
- 19.24%
- 5Y*
- 2.23%
- 10Y*
- 11.49%
FXI
- 1D
- 2.57%
- 1M
- -3.70%
- YTD
- -6.24%
- 6M
- -11.79%
- 1Y
- 2.68%
- 3Y*
- 9.39%
- 5Y*
- -3.25%
- 10Y*
- 3.13%
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FHKTX vs. FXI - Expense Ratio Comparison
FHKTX has a 1.50% expense ratio, which is higher than FXI's 0.74% expense ratio.
Return for Risk
FHKTX vs. FXI — Risk / Return Rank
FHKTX
FXI
FHKTX vs. FXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class M (FHKTX) and iShares China Large-Cap ETF (FXI). 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.
| FHKTX | FXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.11 | +1.72 |
Sortino ratioReturn per unit of downside risk | 2.38 | 0.32 | +2.05 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.04 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.15 | +2.31 |
Martin ratioReturn relative to average drawdown | 9.52 | 0.46 | +9.06 |
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
| FHKTX | FXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.11 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.10 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.11 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.17 | +0.13 |
Correlation
The correlation between FHKTX and FXI is 0.85, 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
FHKTX vs. FXI - Dividend Comparison
FHKTX's dividend yield for the trailing twelve months is around 1.20%, less than FXI's 2.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKTX Fidelity Advisor China Region Fund Class M | 1.20% | 1.27% | 1.10% | 1.27% | 0.29% | 10.88% | 4.51% | 0.02% | 0.00% | 0.00% | 0.69% | 14.81% |
FXI iShares China Large-Cap ETF | 2.58% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
Drawdowns
FHKTX vs. FXI - Drawdown Comparison
The maximum FHKTX drawdown since its inception was -58.83%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for FHKTX and FXI.
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Drawdown Indicators
| FHKTX | FXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.83% | -72.68% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -17.25% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -54.25% | -55.14% | +0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -58.83% | -60.81% | +1.98% |
Current DrawdownCurrent decline from peak | -10.83% | -26.17% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -19.28% | -31.27% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 5.85% | -1.72% |
Volatility
FHKTX vs. FXI - Volatility Comparison
Fidelity Advisor China Region Fund Class M (FHKTX) has a higher volatility of 9.27% compared to iShares China Large-Cap ETF (FXI) at 7.06%. This indicates that FHKTX's price experiences larger fluctuations and is considered to be riskier than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHKTX | FXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 7.06% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 14.69% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.16% | 24.27% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 31.64% | -7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 27.70% | -5.61% |