FIADX vs. KWEB
FIADX (Fidelity Advisor International Discovery Fund Class I) and KWEB (KraneShares CSI China Internet ETF) are both funds - FIADX is a Foreign Large Cap Equities fund managed by Fidelity, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Over the past 10 years, FIADX returned 9.26%/yr vs 0.31%/yr for KWEB. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FIADX charges 1.02%/yr vs 0.70%/yr for KWEB.
Performance
FIADX vs. KWEB - Performance Comparison
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Returns By Period
In the year-to-date period, FIADX achieves a 11.01% return, which is significantly higher than KWEB's -16.33% return. Over the past 10 years, FIADX has outperformed KWEB with an annualized return of 9.26%, while KWEB has yielded a comparatively lower 0.31% annualized return.
FIADX
- 1D
- 3.02%
- 1M
- -1.45%
- 6M
- 4.25%
- YTD
- 11.01%
- 1Y
- 22.06%
- 3Y*
- 16.66%
- 5Y*
- 6.60%
- 10Y*
- 9.26%
- ALL TIME*
- 7.27%
KWEB
- 1D
- 1.53%
- 1M
- 14.01%
- 6M
- -19.47%
- YTD
- -16.33%
- 1Y
- -12.39%
- 3Y*
- 0.77%
- 5Y*
- -7.53%
- 10Y*
- 0.31%
- ALL TIME*
- 2.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $554.38M | $548.17M | $693.22M |
FIADX vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIADX Fidelity Advisor International Discovery Fund Class I | 11.01% | 27.54% | 10.92% | 14.16% | -24.83% | 11.05% | 21.40% | 27.49% | -17.18% | 30.29% |
KWEB KraneShares CSI China Internet ETF | -16.33% | 23.55% | 12.01% | -9.06% | -17.24% | -49.01% | 58.23% | 29.92% | -33.80% | 69.73% |
Correlation
The correlation between FIADX and KWEB is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2013 | 0.52 |
The correlation between FIADX and KWEB has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
FIADX vs. KWEB — Risk / Return Rank
FIADX
KWEB
FIADX vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor International Discovery Fund Class I (FIADX) and KraneShares CSI China Internet ETF (KWEB). 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.
| FIADX | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.93 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.35 | +1.89 |
| Martin ratioReturn relative to average drawdown | 5.62 | -0.67 | +6.29 |
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Drawdowns
FIADX vs. KWEB - Drawdown Comparison
The maximum FIADX drawdown since its inception was -60.44%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for FIADX and KWEB.
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Drawdown Indicators
| FIADX | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.44% | -80.92% | +20.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -41.62% | +28.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.65% | -41.62% | +26.97% |
Max Drawdown (5Y)Largest decline over 5 years | -36.55% | -63.96% | +27.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.55% | -80.92% | +44.37% |
Current DrawdownCurrent decline from peak | -3.31% | -67.05% | +63.74% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -35.65% | +22.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 21.98% | -18.41% |
Volatility
FIADX vs. KWEB - Volatility Comparison
The current volatility for Fidelity Advisor International Discovery Fund Class I (FIADX) is 6.05%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 7.76%. This indicates that FIADX experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIADX | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 7.76% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 20.68% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 27.82% | -8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 46.99% | -29.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 40.04% | -23.16% |
FIADX vs. KWEB - Expense Ratio Comparison
FIADX has a 1.02% expense ratio, which is higher than KWEB's 0.70% expense ratio.
Dividends
FIADX vs. KWEB - Dividend Comparison
FIADX's dividend yield for the trailing twelve months is around 6.31%, less than KWEB's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIADX Fidelity Advisor International Discovery Fund Class I | 6.31% | 7.00% | 3.00% | 1.90% | 0.35% | 11.29% | 3.68% | 2.29% | 3.83% | 4.02% | 1.80% | 0.01% |
KWEB KraneShares CSI China Internet ETF | 7.36% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
Frequently Asked Questions
FIADX and KWEB have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (7.76%) compared to FIADX (6.05%). In terms of maximum drawdown, FIADX dropped -60.44% vs KWEB's -80.92%.
FIADX currently has the higher Sharpe Ratio (1.06 vs -0.53), 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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