ICHKX vs. FIQFX

Last updated Apr 2, 2026

Compare and contrast key facts about Guinness Atkinson China And Hong Kong Fund (ICHKX) and Fidelity Advisor China Region Fund Class Z (FIQFX).

ICHKX is managed by Guinness Atkinson. It was launched on Jun 29, 1994. FIQFX is managed by Fidelity. It was launched on Oct 2, 2018.

Performance

ICHKX vs. FIQFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guinness Atkinson China And Hong Kong Fund (ICHKX) and Fidelity Advisor China Region Fund Class Z (FIQFX). The values are adjusted to include any dividend payments, if applicable.

ICHKX vs. FIQFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ICHKX Guinness Atkinson China And Hong Kong Fund	-2.77%	28.97%	0.05%	-14.52%	-23.67%	-6.90%	14.58%	30.08%	-4.06%
FIQFX Fidelity Advisor China Region Fund Class Z	8.41%	42.75%	23.34%	-0.13%	-23.76%	-13.61%	48.04%	35.33%	-1.81%

Returns By Period

In the year-to-date period, ICHKX achieves a -2.77% return, which is significantly lower than FIQFX's 8.41% return.

ICHKX

• 1D: 0.83%
• 1M: -5.95%
• YTD: -2.77%
• 6M: -3.81%
• 1Y: 13.55%
• 3Y*: 1.41%
• 5Y*: -6.79%
• 10Y*: 4.00%

FIQFX

• 1D: 2.71%
• 1M: -6.12%
• YTD: 8.41%
• 6M: 7.91%
• 1Y: 46.61%
• 3Y*: 21.11%
• 5Y*: 3.08%
• 10Y*: —

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

ICHKX vs. FIQFX - Expense Ratio Comparison

ICHKX has a 1.71% expense ratio, which is higher than FIQFX's 0.80% expense ratio.

ICHKX

Guinness Atkinson China And Hong Kong Fund

FIQFX

Fidelity Advisor China Region Fund Class Z

Return for Risk

ICHKX vs. FIQFX — Risk / Return Rank

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

ICHKX

ICHKX Risk / Return Rank: 27
ICHKX Sharpe Ratio Rank: 27
ICHKX Sortino Ratio Rank: 24
ICHKX Omega Ratio Rank: 24
ICHKX Calmar Ratio Rank: 29
ICHKX Martin Ratio Rank: 33

FIQFX

FIQFX Risk / Return Rank: 90
FIQFX Sharpe Ratio Rank: 92
FIQFX Sortino Ratio Rank: 89
FIQFX Omega Ratio Rank: 87
FIQFX Calmar Ratio Rank: 92
FIQFX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICHKX vs. FIQFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson China And Hong Kong Fund (ICHKX) and Fidelity Advisor China Region Fund Class Z (FIQFX). 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.

	ICHKX	FIQFX	Difference
Sharpe ratio Return per unit of total volatility	0.73	2.07	-1.34
Sortino ratio Return per unit of downside risk	1.06	2.63	-1.57
Omega ratio Gain probability vs. loss probability	1.15	1.38	-0.23
Calmar ratio Return relative to maximum drawdown	0.96	2.95	-1.98
Martin ratio Return relative to average drawdown	3.99	11.35	-7.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICHKX vs. FIQFX - Sharpe Ratio Comparison

The current ICHKX Sharpe Ratio is 0.73, which is lower than the FIQFX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of ICHKX and FIQFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICHKX	FIQFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	2.07	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	0.13	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.54	-0.35

Correlation

The correlation between ICHKX and FIQFX is 0.83, 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.

Dividends

ICHKX vs. FIQFX - Dividend Comparison

ICHKX's dividend yield for the trailing twelve months is around 1.09%, less than FIQFX's 1.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICHKX Guinness Atkinson China And Hong Kong Fund	1.09%	1.06%	1.11%	0.74%	0.86%	20.44%	3.57%	4.37%	12.53%	6.76%	5.31%	12.25%
FIQFX Fidelity Advisor China Region Fund Class Z	1.91%	2.07%	1.58%	2.14%	0.86%	11.06%	4.98%	0.84%	1.09%	0.00%	0.00%	0.00%

Drawdowns

ICHKX vs. FIQFX - Drawdown Comparison

The maximum ICHKX drawdown since its inception was -70.67%, which is greater than FIQFX's maximum drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for ICHKX and FIQFX.

Drawdown Indicators

	ICHKX	FIQFX	Difference
Max Drawdown Largest peak-to-trough decline	-70.67%	-58.33%	-12.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.00%	-15.91%	+1.91%
Max Drawdown (5Y) Largest decline over 5 years	-53.67%	-53.73%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-58.39%	—	—
Current Drawdown Current decline from peak	-38.13%	-8.36%	-29.77%
Average Drawdown Average peak-to-trough decline	-27.16%	-22.90%	-4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.14%	-0.77%

Volatility

ICHKX vs. FIQFX - Volatility Comparison

The current volatility for Guinness Atkinson China And Hong Kong Fund (ICHKX) is 5.50%, while Fidelity Advisor China Region Fund Class Z (FIQFX) has a volatility of 9.77%. This indicates that ICHKX experiences smaller price fluctuations and is considered to be less risky than FIQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICHKX	FIQFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	9.77%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	11.19%	16.55%	-5.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	23.27%	-4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	23.99%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.40%	24.06%	-1.66%