FPADX vs. FHKCX
Compare and contrast key facts about Fidelity Emerging Markets Index Fund (FPADX) and Fidelity China Region Fund (FHKCX).
FPADX is managed by Fidelity. It was launched on Sep 8, 2011. FHKCX is managed by Fidelity. It was launched on Nov 1, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPADX or FHKCX.
Key characteristics
| FPADX | FHKCX | |
|---|---|---|
| YTD Return | 4.98% | 9.06% |
| 1Y Return | 11.07% | 10.81% |
| 3Y Return (Ann) | -5.02% | -9.37% |
| 5Y Return (Ann) | 3.16% | 3.67% |
| 10Y Return (Ann) | 2.01% | 5.63% |
| Sharpe Ratio | 0.76 | 0.47 |
| Daily Std Dev | 13.22% | 17.81% |
| Max Drawdown | -39.16% | -60.72% |
| Current Drawdown | -20.48% | -40.22% |
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.
Performance
FPADX vs. FHKCX - Performance Comparison
In the year-to-date period, FPADX achieves a 4.98% return, which is significantly lower than FHKCX's 9.06% return. Over the past 10 years, FPADX has underperformed FHKCX with an annualized return of 2.01%, while FHKCX has yielded a comparatively higher 5.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPADX vs. FHKCX - Expense Ratio Comparison
FPADX has a 0.08% expense ratio, which is lower than FHKCX's 0.91% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FPADX vs. FHKCX - Dividend Comparison
FPADX's dividend yield for the trailing twelve months is around 2.55%, more than FHKCX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPADX Fidelity Emerging Markets Index Fund | 2.55% | 2.68% | 2.47% | 2.14% | 1.50% | 2.59% | 2.20% | 1.88% | 1.69% | 2.47% | 2.03% | 2.15% |
FHKCX Fidelity China Region Fund | 1.76% | 1.92% | 2.10% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 16.83% | 15.96% | 12.04% |
Drawdowns
FPADX vs. FHKCX - Drawdown Comparison
The maximum FPADX drawdown since its inception was -39.16%, smaller than the maximum FHKCX drawdown of -60.72%. Use the drawdown chart below to compare losses from any high point for FPADX and FHKCX. For additional features, visit the drawdowns tool.
Volatility
FPADX vs. FHKCX - Volatility Comparison
The current volatility for Fidelity Emerging Markets Index Fund (FPADX) is 4.75%, while Fidelity China Region Fund (FHKCX) has a volatility of 6.88%. 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.