LNGZX vs. FHKAX
LNGZX (Columbia Greater China Fund) and FHKAX (Fidelity Advisor China Region Fund Class A) are both China Equities funds. Over the past 10 years, LNGZX returned 2.99%/yr vs 13.47%/yr for FHKAX. Their correlation of 0.91 suggests significant overlap in exposure. LNGZX charges 1.25%/yr vs 1.21%/yr for FHKAX.
Performance
LNGZX vs. FHKAX - Performance Comparison
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Returns By Period
In the year-to-date period, LNGZX achieves a -11.27% return, which is significantly lower than FHKAX's 28.78% return. Over the past 10 years, LNGZX has underperformed FHKAX with an annualized return of 2.99%, while FHKAX has yielded a comparatively higher 13.47% annualized return.
LNGZX
- 1D
- -0.90%
- 1M
- -1.73%
- 6M
- -14.90%
- YTD
- -11.27%
- 1Y
- -4.79%
- 3Y*
- 3.90%
- 5Y*
- -10.78%
- 10Y*
- 2.99%
FHKAX
- 1D
- -1.72%
- 1M
- -4.48%
- 6M
- 18.84%
- YTD
- 28.78%
- 1Y
- 54.14%
- 3Y*
- 28.76%
- 5Y*
- 7.85%
- 10Y*
- 13.47%
LNGZX vs. FHKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LNGZX Columbia Greater China Fund | -11.27% | 27.49% | 12.29% | -18.70% | -28.42% | -25.21% | 46.04% | 32.95% | -20.01% | 59.90% |
FHKAX Fidelity Advisor China Region Fund Class A | 28.78% | 42.19% | 22.84% | -0.60% | -24.09% | -13.95% | 47.37% | 34.71% | -17.67% | 51.46% |
Correlation
The correlation between LNGZX and FHKAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 8, 2008 | 0.91 |
The correlation between LNGZX and FHKAX has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.
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Return for Risk
LNGZX vs. FHKAX — Risk / Return Rank
LNGZX
FHKAX
LNGZX vs. FHKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Greater China Fund (LNGZX) and Fidelity Advisor China Region Fund Class A (FHKAX). 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.
| LNGZX | FHKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.17 | -5.36 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.42 | -14.82 |
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Drawdowns
LNGZX vs. FHKAX - Drawdown Comparison
The maximum LNGZX drawdown since its inception was -73.37%, which is greater than FHKAX's maximum drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for LNGZX and FHKAX.
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Drawdown Indicators
| LNGZX | FHKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.37% | -58.62% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -10.83% | -12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -22.15% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -60.59% | -50.14% | -10.45% |
Max Drawdown (10Y)Largest decline over 10 years | -67.94% | -58.62% | -9.32% |
Current DrawdownCurrent decline from peak | -53.72% | -7.84% | -45.88% |
Average DrawdownAverage peak-to-trough decline | -26.63% | -18.89% | -7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 3.88% | +7.07% |
Volatility
LNGZX vs. FHKAX - Volatility Comparison
The current volatility for Columbia Greater China Fund (LNGZX) is 6.74%, while Fidelity Advisor China Region Fund Class A (FHKAX) has a volatility of 8.96%. This indicates that LNGZX experiences smaller price fluctuations and is considered to be less risky than FHKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNGZX | FHKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 8.96% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 19.98% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.53% | 23.95% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.99% | 24.70% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.58% | 22.56% | +4.02% |
LNGZX vs. FHKAX - Expense Ratio Comparison
LNGZX has a 1.25% expense ratio, which is higher than FHKAX's 1.21% expense ratio.
Dividends
LNGZX vs. FHKAX - Dividend Comparison
LNGZX's dividend yield for the trailing twelve months is around 2.12%, more than FHKAX's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHKAX Fidelity Advisor China Region Fund Class A | 1.24% | 1.59% | 1.22% | 1.58% | 0.59% | 10.80% | 4.71% | 0.38% | 0.39% | 0.21% | 0.99% | 15.33% |
LNGZX Columbia Greater China Fund | 2.12% | 1.88% | 1.21% | 0.67% | 0.00% | 0.00% | 4.29% | 1.40% | 5.85% | 1.20% | 0.00% | 4.54% |
Frequently Asked Questions
LNGZX and FHKAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHKAX has higher volatility (8.96%) compared to LNGZX (6.74%). In terms of maximum drawdown, LNGZX dropped -73.37% vs FHKAX's -58.62%.
FHKAX currently has the higher Sharpe Ratio (2.34 vs -0.20), 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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