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FPADX vs. FHKCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FPADX and FHKCX 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.


-0.50.00.51.00.9

Performance

FPADX vs. FHKCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Emerging Markets Index Fund (FPADX) and Fidelity China Region Fund (FHKCX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
-0.15%
7.24%
FPADX
FHKCX

Key characteristics

Sharpe Ratio

FPADX:

1.03

FHKCX:

1.57

Sortino Ratio

FPADX:

1.51

FHKCX:

2.30

Omega Ratio

FPADX:

1.19

FHKCX:

1.28

Calmar Ratio

FPADX:

0.50

FHKCX:

0.62

Martin Ratio

FPADX:

3.30

FHKCX:

5.07

Ulcer Index

FPADX:

4.32%

FHKCX:

6.59%

Daily Std Dev

FPADX:

13.87%

FHKCX:

21.22%

Max Drawdown

FPADX:

-39.16%

FHKCX:

-62.36%

Current Drawdown

FPADX:

-18.71%

FHKCX:

-39.33%

Returns By Period

In the year-to-date period, FPADX achieves a 0.48% return, which is significantly higher than FHKCX's 0.36% return. Over the past 10 years, FPADX has underperformed FHKCX with an annualized return of 3.15%, while FHKCX has yielded a comparatively higher 4.88% annualized return.


FPADX

YTD

0.48%

1M

-0.19%

6M

-0.14%

1Y

12.22%

5Y*

0.84%

10Y*

3.15%

FHKCX

YTD

0.36%

1M

0.31%

6M

7.24%

1Y

29.67%

5Y*

-0.29%

10Y*

4.88%

*Annualized

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FPADX vs. FHKCX - Expense Ratio Comparison

FPADX has a 0.08% expense ratio, which is lower than FHKCX's 0.91% expense ratio.


FHKCX
Fidelity China Region Fund
Expense ratio chart for FHKCX: current value at 0.91% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.91%
Expense ratio chart for FPADX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FPADX vs. FHKCX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPADX
The Risk-Adjusted Performance Rank of FPADX is 4545
Overall Rank
The Sharpe Ratio Rank of FPADX is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of FPADX is 5151
Sortino Ratio Rank
The Omega Ratio Rank of FPADX is 4545
Omega Ratio Rank
The Calmar Ratio Rank of FPADX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of FPADX is 4242
Martin Ratio Rank

FHKCX
The Risk-Adjusted Performance Rank of FHKCX is 6666
Overall Rank
The Sharpe Ratio Rank of FHKCX is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of FHKCX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of FHKCX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of FHKCX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of FHKCX is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FPADX vs. FHKCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets Index Fund (FPADX) and Fidelity China Region Fund (FHKCX). 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.


Sharpe ratio
The chart of Sharpe ratio for FPADX, currently valued at 1.03, compared to the broader market-1.000.001.002.003.004.001.031.57
The chart of Sortino ratio for FPADX, currently valued at 1.51, compared to the broader market0.005.0010.001.512.30
The chart of Omega ratio for FPADX, currently valued at 1.19, compared to the broader market1.002.003.004.001.191.28
The chart of Calmar ratio for FPADX, currently valued at 0.50, compared to the broader market0.005.0010.0015.0020.000.500.62
The chart of Martin ratio for FPADX, currently valued at 3.30, compared to the broader market0.0020.0040.0060.0080.003.305.07
FPADX
FHKCX

The current FPADX Sharpe Ratio is 1.03, which is lower than the FHKCX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of FPADX and FHKCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00AugustSeptemberOctoberNovemberDecember2025
1.03
1.57
FPADX
FHKCX

Dividends

FPADX vs. FHKCX - Dividend Comparison

FPADX's dividend yield for the trailing twelve months is around 2.68%, more than FHKCX's 1.39% yield.


TTM20242023202220212020201920182017201620152014
FPADX
Fidelity Emerging Markets Index Fund
2.68%2.70%2.68%2.47%2.14%1.50%2.59%2.20%1.76%1.69%2.47%4.05%
FHKCX
Fidelity China Region Fund
1.39%1.39%1.92%1.05%0.13%0.97%0.66%0.83%0.39%1.14%16.83%15.96%

Drawdowns

FPADX vs. FHKCX - Drawdown Comparison

The maximum FPADX drawdown since its inception was -39.16%, smaller than the maximum FHKCX drawdown of -62.36%. Use the drawdown chart below to compare losses from any high point for FPADX and FHKCX. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%AugustSeptemberOctoberNovemberDecember2025
-18.71%
-39.33%
FPADX
FHKCX

Volatility

FPADX vs. FHKCX - Volatility Comparison

The current volatility for Fidelity Emerging Markets Index Fund (FPADX) is 3.67%, while Fidelity China Region Fund (FHKCX) has a volatility of 4.86%. This indicates that FPADX experiences smaller price fluctuations and is considered to be less risky than FHKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%AugustSeptemberOctoberNovemberDecember2025
3.67%
4.86%
FPADX
FHKCX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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