FIQFX vs. TDF
FIQFX (Fidelity Advisor China Region Fund Class Z) and TDF (Templeton Dragon Fund Inc.) are both China Equities funds. Over the past 5 years, FIQFX returned 9.39%/yr vs -8.68%/yr for TDF. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
FIQFX vs. TDF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIQFX achieves a 38.76% return, which is significantly higher than TDF's -2.73% return.
FIQFX
- 1D
- 2.72%
- 1M
- 4.41%
- YTD
- 38.76%
- 6M
- 40.25%
- 1Y
- 80.14%
- 3Y*
- 31.61%
- 5Y*
- 9.39%
- 10Y*
- —
TDF
- 1D
- 1.50%
- 1M
- -1.18%
- YTD
- -2.73%
- 6M
- -3.92%
- 1Y
- 14.90%
- 3Y*
- 8.64%
- 5Y*
- -8.68%
- 10Y*
- 5.03%
FIQFX vs. TDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQFX Fidelity Advisor China Region Fund Class Z | 38.76% | 42.75% | 23.34% | -0.13% | -23.76% | -13.61% | 48.04% | 35.33% | -1.81% |
TDF Templeton Dragon Fund Inc. | -2.73% | 37.70% | 5.44% | -20.06% | -32.93% | -18.02% | 52.98% | 27.97% | -2.15% |
Correlation
The correlation between FIQFX and TDF is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.80 |
The correlation between FIQFX and TDF shifts across timeframes, from 0.64 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIQFX vs. TDF — Risk / Return Rank
FIQFX
TDF
FIQFX vs. TDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor China Region Fund Class Z (FIQFX) and Templeton Dragon Fund Inc. (TDF). 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.
| FIQFX | TDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.16 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 7.30 | 1.07 | +6.23 |
| Martin ratioReturn relative to average drawdown | 21.77 | 2.74 | +19.03 |
Loading charts...
Drawdowns
FIQFX vs. TDF - Drawdown Comparison
The maximum FIQFX drawdown since its inception was -58.33%, smaller than the maximum TDF drawdown of -68.15%. Use the drawdown chart below to compare losses from any high point for FIQFX and TDF.
Loading charts...
Drawdown Indicators
| FIQFX | TDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -68.15% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -13.95% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -28.25% | +6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -52.34% | -61.85% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.87% | — |
Current DrawdownCurrent decline from peak | -0.87% | -47.19% | +46.32% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -22.60% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 5.45% | -1.84% |
Volatility
FIQFX vs. TDF - Volatility Comparison
Fidelity Advisor China Region Fund Class Z (FIQFX) has a higher volatility of 10.45% compared to Templeton Dragon Fund Inc. (TDF) at 6.14%. This indicates that FIQFX's price experiences larger fluctuations and is considered to be riskier than TDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIQFX | TDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 6.14% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.69% | 13.48% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 18.42% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 27.25% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 23.98% | +0.25% |
Dividends
FIQFX vs. TDF - Dividend Comparison
FIQFX's dividend yield for the trailing twelve months is around 1.49%, less than TDF's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQFX Fidelity Advisor China Region Fund Class Z | 1.49% | 2.07% | 1.58% | 2.14% | 0.86% | 11.06% | 4.98% | 0.84% | 1.09% | 0.00% | 0.00% | 0.00% |
TDF Templeton Dragon Fund Inc. | 2.76% | 3.55% | 1.36% | 0.00% | 12.73% | 14.13% | 24.72% | 10.75% | 12.43% | 7.95% | 10.34% | 22.49% |
Frequently Asked Questions
FIQFX and TDF have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQFX has higher volatility (10.45%) compared to TDF (6.14%). In terms of maximum drawdown, FIQFX dropped -58.33% vs TDF's -68.15%.
FIQFX currently has the higher Sharpe Ratio (3.44 vs 0.81), 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.
Find the right allocation for FIQFX and TDF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer