FHKTX vs. VPKIX

Last updated Aug 5, 2026

FHKTX (Fidelity Advisor China Region Fund Class M) and VPKIX (Vanguard Pacific Stock Index Fund Institutional Shares) are both mutual funds - FHKTX is a China Equities fund managed by Fidelity, while VPKIX is a Asia Pacific Equities fund managed by Vanguard. Over the past 10 years, FHKTX returned 12.91%/yr vs 9.59%/yr for VPKIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FHKTX charges 1.50%/yr vs 0.08%/yr for VPKIX.

Performance

FHKTX vs. VPKIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor China Region Fund Class M (FHKTX) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHKTX achieves a 28.60% return, which is significantly higher than VPKIX's 22.16% return. Over the past 10 years, FHKTX has outperformed VPKIX with an annualized return of 12.91%, while VPKIX has yielded a comparatively lower 9.59% annualized return.

FHKTX

• 1D: 0.72%
• 1M: -2.48%
• 6M: 16.00%
• YTD: 28.60%
• 1Y: 53.56%
• 3Y*: 28.76%
• 5Y*: 8.53%
• 10Y*: 12.91%
• ALL TIME*: 8.31%

VPKIX

• 1D: 0.72%
• 1M: -0.48%
• 6M: 10.96%
• YTD: 22.16%
• 1Y: 37.40%
• 3Y*: 20.29%
• 5Y*: 9.46%
• 10Y*: 9.59%
• ALL TIME*: 4.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHKTX Fidelity Advisor China Region Fund Class M	$0.00	$0.00	$0.00
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares	$0.00	$0.00	$0.00

FHKTX vs. VPKIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHKTX Fidelity Advisor China Region Fund Class M	28.60%	41.85%	22.53%	-0.84%	-24.32%	-14.20%	46.95%	34.26%	-17.96%	50.94%
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares	22.16%	33.12%	1.29%	15.58%	-15.20%	1.47%	16.54%	17.61%	-13.87%	28.55%

Correlation

The correlation between FHKTX and VPKIX is 0.72, 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since May 8, 2008	0.68

The correlation between FHKTX and VPKIX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

FHKTX vs. VPKIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHKTX

FHKTX Risk / Return Rank: 86
FHKTX Sharpe Ratio Rank: 88
FHKTX Sortino Ratio Rank: 78
FHKTX Omega Ratio Rank: 79
FHKTX Calmar Ratio Rank: 95
FHKTX Martin Ratio Rank: 88

VPKIX

VPKIX Risk / Return Rank: 66
VPKIX Sharpe Ratio Rank: 65
VPKIX Sortino Ratio Rank: 53
VPKIX Omega Ratio Rank: 66
VPKIX Calmar Ratio Rank: 83
VPKIX Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHKTX vs. VPKIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class M (FHKTX) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX). 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.

	FHKTX	VPKIX	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.72	+0.54
Sortino ratio: Return per unit of downside risk	2.82	2.26	+0.56
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	4.55	2.99	+1.56
Martin ratio: Return relative to average drawdown	12.76	9.05	+3.71

FHKTX vs. VPKIX - Sharpe Ratio Comparison

The current FHKTX Sharpe Ratio is 2.26, which is higher than the VPKIX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FHKTX and VPKIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHKTX vs. VPKIX - Drawdown Comparison

The maximum FHKTX drawdown since its inception was -58.83%, which is greater than VPKIX's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for FHKTX and VPKIX.

Drawdown Indicators

	FHKTX	VPKIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.83%	-55.26%	-3.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.32%	-13.40%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-16.38%	-5.87%
Max Drawdown (5Y) Largest decline over 5 years	-48.52%	-31.12%	-17.40%
Max Drawdown (10Y) Largest decline over 10 years	-58.83%	-33.62%	-25.21%
Current Drawdown Current decline from peak	-7.87%	-7.95%	+0.08%
Average Drawdown Average peak-to-trough decline	-18.99%	-15.38%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	4.42%	-0.04%

Volatility

FHKTX vs. VPKIX - Volatility Comparison

The current volatility for Fidelity Advisor China Region Fund Class M (FHKTX) is 8.68%, while Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) has a volatility of 10.03%. This indicates that FHKTX experiences smaller price fluctuations and is considered to be less risky than VPKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHKTX	VPKIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	10.03%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	20.76%	21.08%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	24.78%	23.30%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.70%	17.68%	+7.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.67%	16.80%	+5.87%

FHKTX vs. VPKIX - Expense Ratio Comparison

FHKTX has a 1.50% expense ratio, which is higher than VPKIX's 0.08% expense ratio.

Dividends

FHKTX vs. VPKIX - Dividend Comparison

FHKTX's dividend yield for the trailing twelve months is around 0.99%, less than VPKIX's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKTX Fidelity Advisor China Region Fund Class M	0.99%	1.27%	1.10%	1.27%	0.29%	10.88%	4.51%	0.02%	0.00%	0.00%	0.69%	14.81%
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares	2.73%	4.00%	3.15%	3.11%	2.74%	3.17%	1.81%	2.85%	3.05%	2.60%	2.67%	2.45%

Frequently Asked Questions

Can I hold both FHKTX and VPKIX in my portfolio?

FHKTX and VPKIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHKTX or VPKIX?

VPKIX has higher volatility (10.03%) compared to FHKTX (8.68%). In terms of maximum drawdown, FHKTX dropped -58.83% vs VPKIX's -55.26%.

Which has better risk-adjusted returns?

FHKTX currently has the higher Sharpe Ratio (2.26 vs 1.72), 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.